Re:Ask HN: Allowance for kids?
by skfroi on Saturday August 19, 2017 @02:34PM
(#15054866)
I read this as if I would have wrote it.
I never got an allowance but I mostly got want I needed and wanted within reason. This was basically determined by the chores I did and how much I generally helped in the house.
My parents and grandparents always sat me down to do the monthly budget with them. I learned early on the way money flowed in and out of the household. That gave me a perspective on debt and credit that many of my friends didn't have.
I did get cash on birthdays and holidays and on some other special occasions.
Once I started working (around 13) that money was mine to do with as I pleased. There was a great sense of personal responsibility. I think that really helped me once I left my parents home at about 17.
I have no opinion on the "free" money of not doing chores. All kids and families are different. I will say that having my parents be honest about our finances and not shielding my as much did help me in the long run.
I never got an allowance but I mostly got want I needed and wanted within reason. This was basically determined by the chores I did and how much I generally helped in the house.
My parents and grandparents always sat me down to do the monthly budget with them. I learned early on the way money flowed in and out of the household. That gave me a perspective on debt and credit that many of my friends didn't have.
I did get cash on birthdays and holidays and on some other special occasions.
Once I started working (around 13) that money was mine to do with as I pleased. There was a great sense of personal responsibility. I think that really helped me once I left my parents home at about 17.
I have no opinion on the "free" money of not doing chores. All kids and families are different. I will say that having my parents be honest about our finances and not shielding my as much did help me in the long run.