Allowance for an 8 yr old. How much is too much?

[HamburgerBoy]

Originally posted by: PlatinumGold
So, my 8 yr old was assigned a weekly chore. if he pickups the family room and Vacuums it every sunday for 4 sundays, he gets $20.00.

is that too much? my wife thinks so.

i think it's just right.

curious what other parents are giving their kids.

Depends. Is the mess in the family room his? How big is the room? Is that $20 a week or month? Unless it's a giant room and $20 a month that's way too much.

 

[ghostman]

I also never got an allowance. I think if a kid can realize how hard it is to make money (right now, the job seems too easy), then he'll know not to blow the cash.

$50 is WAY too much. That's $650 a year! $50/month means he can buy an Xbox, PS2, Gamecube and an iPod in one year. WTH will he expect for Xmas? Perhaps if you take away three-quarters and say it's for taxes and rent... hahaha.

I'm curious to know what type of financial situation some of these ATOT advice givers are in.

 

[TwiceOver]

Dishes, washing parents cars, dusting, mowing & trimming were my basic weekly chores. I think I got $5 a week if that.

 

[Chaotic42]

I'm against paying kids to do things that they should be doing anyway.

Just give him a few dollars here and there when he needs it.

 

[BillyBatson]

i would't even start an allowance till 10!
but prob like $5 a week just to get them use to money and to where they know Bills are worth more than Change lol

 

[thomsbrain]

$20/month for that chore load sounds resonable to me.

 

[GoingUp]

$20 a month sounds reasonable