How does one teach a child how to use money? By giving them an allowance, of course. It has always been curious to me as to how to decide how much to pay your kids. I chose $1 a day for my daughter. And if she misbehaves then in can cost between a quarter to a full day worth. Yet, I find myself wondering if it actually prepares her for deal with money. After all she doesn’t have bills.
I have seen parenting pages that speak of working it more like a job. Assigning a cost for their chores. This is an option but I feel like that makes chores less responsibility and more a job. So then you need another method of teaching responsibility.
So I am always looking for the best when it comes to raising my girl. And so far, I haven’t found a better way of dealing with allowance. For now, it’s money so she can have a measure of independent thought and learn at least a little lesson on handling money.