Is Your Child Ready For an Allowance?
Children think money grows on trees. Maybe not literally, but they sure think there is a never-ending supply of it. They see you at the grocery store pushing a cart overflowing with the week's groceries; you hand the cashier a piece of plastic and suddenly it's all yours. People come to the door asking for money to support a charity and it magically appears from the bottom of your purse as if you were pulling a rabbit from a hat. Instead of "mama" or "dada", "checkbook" might have been your child's first word. It makes no sense to them then, that every time they ask for something they'd like from the store the answer is usually no. How do you teach the value of money to a child?
Is an allowance the answer?
Many parents think that giving an allowance is a good way to teach their children about money. There are two schools of thought on this issue. One theory is that the child completes a few agreed upon tasks and receives a small payment at the end of the week. Then, if he sees something he'd like in a store, he would be told to save his allowance in order to purchase it. Some people feel that this sets the child up for a "what will you give me if I do it" attitude and soon everything you ask him to do has a price attached to it. Others feel children should learn that in order for a family to reap the rewards, each member of the family should take part in the upkeep of the household. When there is a mess, clean it up. When there is laundry to be folded, lend a hand with the folding or putting it away. When there is yard work to be done, everyone can pitch in according to his or her ability and work together towards a common goal. Then, when the child does see something in a store and asks to have it, the answer is usually yes. I was a believer in the first example, until I put it to the test.
Our daughter Emily is four. Out of the blue she started to make her bed every day after she got up. It won't last long, I thought, but day after day she dutifully did it to the best of her ability. I seized the opportunity to teach her the value of money, because like most four-year-olds, she thought every toy she saw on TV was well within our means. I started giving her an allowance of 25 cents a week to see what would happen. The first month she would get very excited when Fridays came around and she would get her shiny quarter. As I handed her the money I would always say: "you did a good job this week honey, you were a big help to mommy around the house." I would describe certain instances where she had volunteered to help me and I told her how much I appreciated her thoughtfulness. At first she put her allowance into her piggy bank, sometimes emptying her cache and playing with it. But little by little the money started losing its value. I would find the quarters left on the kitchen counter where it would stay until I put it into her piggy bank for her. There were also weeks when I forgot to pay her but I always positively reinforced her good behavior. I discovered that money means nothing to her and my praise means everything.
Perhaps my experiment with giving Emily an allowance didn't turn out quite the way I expected, but it did teach me a lesson about what meant more to my daughter. When we go to the store and she asks for a particular toy, we weigh it out. If we agree that it's affordable and it's been a while since she's had anything new, then I will buy it for her. The only exceptions are educational materials or books. These I will always purchase for her without question. I have found this to be the best solution for us.
About The Author
Editor, Preschool Planet
Subscribe and get "100 Things to
Make From a Cardboard Box" FREE!
Adolescence - Clues and Advice
Be sure to respect the intellectual changes that mark adolescence. Adolescent thinking can and should reflect: abstract notions, the relationships of things to each other and people to each other, multiple responses to the same condition or question and the idea of thinking itself.
Watering Your Young Child's Mind
Mary, Mary, quite contrary, How does your garden grow? With silver bells and cockle shells And pretty maids all in a row.It's an everyday nursery rhyme, it's simple to sing with your small child, and apparently this nursery rhyme about a little child watering her garden is watering your little child's mind!Early childhood educators have identified pre-reading skills that are necessary for the learning of reading and the mastery of language.
Mothers Day Tribute
As Mother's Day approaches I would like to give a different perspective to ponder.Being a parent and a mother are not necessarily the same.
The Giving Jar
Giving with a happy heart. If you teach a child to give with a happy heart you will raise a child who will never hesitate to lend a helping hand.
What To Do With A 6 Year Old Smart Mouth Know It All
Just the other day, I was talking to some other stay at home moms and asked if they were struggling with any difficulties. "Yes," one piped up almost immediately, "discipline problems with my 6 year old smart mouth know-it-all! I don't want to spank, and don't, but he seems to laugh at time out, privilage loss, etc.
Top 5 Characteristics of Good Leadership to Instill in Our Home School Children
I am sure that this list can be jogged and added and taken away or all of the above, after being in the presence of several true leaders these are the ones that stuck out in my mind. Our home schooled children can be given a greater chance to make a diference in the world if the are leaders in mind, instead of following others blindly.
Nail Biting Basics
Nail biting in all its various forms is problematic behavior beset by peculiarity and contradiction. Technically speaking, the correct word for nail biting is ANONYCHOPHAGIA.
"Gimme" Proof Your Kids: How To Keep Your Child's Materialism In Check
It's the first day of the summer holiday. Five year-old Stephanie is shopping with you at Wal-Mart and picks out three stuffed animals that she saw in the movie Madagascar.
Anorexia Nervosa Alert - is Your Daughter Dying To Be Thin?
Anorexia nervosa is a serious medical disorder that is statistically most prevalent in the adolescent teenage years of young women. It is estimated that 7% of the population suffers from eating disorders and if left untreated over 20% of them will die from it.
5 Great Tips For Choosing Safe Toys For Your Children
Every children in the world whishes to have toys and every parent trys to give them what they want. So until they grow-up children spend most of their time playing with different toys.
Develop Your Childs Genius - Right Brain/Left Brain Coordination
No matter how old your children are, you have an immense power to affect their growth, development and success in life. By actively pursuing activities that contribute to the better development of their brain, you provide them with an advantage over all other kids, and increase their chances to be successful in life.
Top Ten Common Sense Rules for Fathers
There are a lot of sophisticated parenting theories and techniques out there. Many of them are widely used and treated as the gospel.
Twelve Tips To Connect With Teachers At Conference Time
It's that time again! Parent-teacher conferences are coming. Are you nervous? Excited? Confused? It takes teamwork to raise kids.
Dealing with Lying: The Dos and Donts
Jason Roberts listened to his son's explanation of the missing cookies and then called him a liar. Brenda Taylor thought her three-year-old's lies were cute, so she ignored them.
10 Points on Children for the New Parent
I remember when my daughter was born, later my son. According to many well meaning individuals, I should've done this, should've done that and maybe improved in some areas.
Top Seven Tips To Become A Good Stepmother
Becoming a stepmother can undoubtedly be one of the most challenging, yet rewarding, experiences in a woman's life. Every family's circumstances are certainly different in some ways.
Financially Stable Kids - Prepared for College
We are all familiar with the stories that most students have when they finally get through those last days of college. Their financial states are in ruins, with accumulated credit card debt along with the student loans.
10 Ways You Can Advocate For Your Child With A Learning Disability
Did you know that you are the most important person in your child's life? Of course you did. But did you know that parents of children with learning disabilities can also be their child's most effective advocate.
Parenting Your Teenager: How to Respond to Manipulation
Q. My daughter has gotten very good at manipulating us, and sometimes we do not even know it has happened until much later.
Son, Can I Use The Car Tonight?
I recall somewhere in the recesses of my aging brain a time past when kids actually asked to borrow the family car for the evening. Heck, I even recall myself uttering that request to my folks many times.
|home | site map|