So, how do you handle allowance?
- Give a set amount once a week on the same day every week.
- Tie the amount to age and predetermined needs.
- Let your children "overhear" you talking to another adult about how you had to save several weeks (or months) for something or how you can't buy something specific because your saving for something more important later. (I'm not going to buy a fast food lunch everyday now because I am saving for a new blender and if I take my lunch I can have a new blender in 3 weeks)
- Do not give advances. If a child runs out of money or spend it unwisely, simply lead with empathy and then reply, "That's okay don't worry, we give allowance on Saturday morning. You'll get more then. "
- A child may choose to use their allowance to pay someone else to do their chores. If a child does not do their chores, you can deduct from their allowance the amount you had to use to pay someone else to do it.
- It is okay, for you to pay a child to do chores you don't want to do that are above and beyond their own chores.
- What if they save their money and want to spend it on something you think is ill advised? Don't rob them of this valuable lesson. Be prepared in advance to give empathy.