5, 7 Year Old Allowance Responsibilities


My husband and I recently started giving our children an allowance to help them learn to manage money. It is in no way connected to their regular chores. Our 7-year-old receives 70 cents per week and tithes 7 cents of that. Our 5-year-old receives 50 cents per week and tithes 5 cents of that.

In a recent column, John mentioned that allowance should be tied to responsibility in some way so that kids don't think money comes from Mom's purse or Dad's wallet. I can see how this would make sense for an older child who wants to buy things for themselves. Mom and Dad may expect the child to pay for some of their clothes from their allowance money. But what would this look like for younger kids?

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