Do you give your kids an allowance?
Dear Dave: Is it OK to give very young children an allowance? — Christie
Dear Christie,
Teaching kids there’s an emotional connection between work and money is one of the best things you can do as a parent. Once your kids are old enough to do a few simple chores around the house, they’re old enough to earn a little money doing them.
In my mind, there’s absolutely nothing wrong with putting kids who are 3 or 4 on a basic commission system. If they do the jobs you assign them, they get paid. If they don’t do the jobs, they don’t get paid. We put a little dry-erase board on the refrigerator and listed the jobs they had to do during the week with a dollar amount next to each one.
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