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Allowance: Should kids get an allowance from their parents?
Should parents give children allowance?
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I'm wondering if you are the child or the parent. Not that it would change my answer.
At a certain age I think a child should be given an allowance to learn the value of money; if it is affordable for a parent to do so. The allowance should not be in return for doing chores around the house or taken away as punishment. An allowance is part of a parents educating of their children. Children should not have to use their allowance to purchase that which the parent is responsible to purchase such as school supplies and clothing for school and family events.
A child's allowance is for them to spend or to save for those things that are extra such as an Xbox or makeup. Chores are to be expected as children are part of the family and everyone needs to pitch in to maintain the family home. Mom or dad can reward a child for doing chores exceedingly well or without having to be prompted to do them if the parents feel this is a warranted reward.
An allowance is up to the parents to give not a right of the children to receive. If your the child you probably don't like the last sentence. Your parents know their finance better than you do. While whatever dollar amount you are looking for may not seem a lot of money to you. It may make the difference as to whether or not one of them can have lunch during the week.
This is not a good time to be putting financial demands on your parents. Money is tight. Prices are going up, taxes are going up and people, especially those who work for government or whose jobs depend on government are taking pay cuts or losing days of work.
As parents it is our job to worry about finances and many parents will not discuss finances with their children beyond saying they can't afford that. Your job is to go to school, get the best grades you can and live by the rules society and your parents have laid down. Also to be supportive of your parents when possible by helping out when and where you can.
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When I was growing up, I was never given allowance. I don't think it's necessary. As everyone else said, if you do give allowance, it should be for learning about money and how to handle it and save it. They should also only get the money if they work for it, of course.
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An allowance is not something that is deserved. In my eyes it should be given for educational purposes and award.
Allowance can teach a child how to manage money, how to save and even how to budget when money is spent.
I think an allowance is reasonable if the child helps around the house and shows good and respectful behavior. As a child I got $10.00 a week.
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I don't think children "deserve" an allowance, but that getting an allowance can be a useful tool for teaching children about money and money management.
As long as the allowance is used as a chance to speak about money, and not simply a 'gift' each week, and especially not if they can easily beg for more money whenever they run out... Then I think it's a good thing.
It's especially a good thing if it's linked to chores, and there are clear ways in which is can be loss (ie, not performing your chores).
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I'm a parent, and I believe, that to an extent, children may deserve an allowance. I don't mean by just give them money when they want it, but they have to work for it. Such as keeping their room clean, perhaps doing a few other chores around the home. Of course things they are capable of doing. I grew up doing such things, and I am having my daughter work for money. Sure, during holidays, I'll give her whatever, and so will family, but during any other time, she will do her chores to earn her money, and is allowed to spend it on whatever she wishes, except junk food ;p Anyway, if you are a parent, yes, I believe a kid could receive an allowance, so long as they have earned it. If you are a kid, work for your allowance, speak with your parents about this, and come to an agreement.
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