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Old 06-19-2008, 08:53 AM   #35
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Re: If I can ask..How much do/will you give your child for allowance?

Originally Posted by jls~Kain~Drake View Post
We will be giving allowances, just haven't figured out what to do. My parents made me save all my money and not use a dime of it. While it was good for the saving aspect, I did NOT learn the value of money. My dh, however, was able to earn money and decide how to spend it. He always acted as a 'bank' for his older siblings and would lend them money and charge interest (lol!). He's a lot better with $ than I am.

Regarding clothing, I think as they get older (and develop preference)...we'll buy the basics and then anything extra will have to be with their allowance money - objects OR clothing. Not a separate clothing allowance.
This made me lol! I used to do this too. I remember being 8 years old and lending my brother $80 to help buy his first dirt bike. Two weeks later he paid me back around $100.. probably closer to $90. We still laugh over my high interest!
Shari mama to Fallon 07/10/98 and Raikkonen 01/03/08

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