This is a backwards Works for Me Wed on FRIDAY - because Iwant to ask NOW. LOL
We've done a variety of things.
We've NOT given any allowance because you are part of a family and we work together as a team to accomplish what needs to be done to fullfill the mission of the family.
We've tied allowance specifically into chores. This worked well when the older ones (3 now graduated) were young. I ran my home by my index card box ala Sidetracked Home Executive. Each card had a notation in the corner - .05, .25......we kept track and added up their salary each night. This worked well as the children competed for the BIG jobs. ::snort:: THEN we entered the military and it got overwhelming to have to change cards every 2-3 years. LOL
We've simply given allowance so they learn to use money wisely and not tied it to chores in any way.
We've had systems where you lost money if someone had to do your job.
The thing is that I usually don't remember to pay them. They go for months without seeing their allowance. I also think we may woefully underpay allowances. What do you all give for allowance - and is it weekly or monthly? Of course, when they begin to MAKE their own money (Jared - 13 landscaping last summer, the girls babysitting at 12, the boys working) we quit giving them allowances, at THEIR suggestion.
Shannon over at Rocks In My Dryer blogged this week about how SHE handles allowances. Each child has their own savings account linked to their main account. Weekly she transfers their allowances into their accounts. When she buys something for them they watch as she transfers it from their account back to hers. It's all done online. I think the kids would stand a better chance at receiving their allowance this way. Shannon's gives them 1/2 their age every week. Linda, is this similar to what you do with the check registers? Where did you buy the registers? I'd love to hear your thoughts....I've been trying to remember all we talked about. LOL
What are your children expected to pay for with their allowance - and at what ages? Do they buy books, movies, bowling, church and support group events, clothes, gifts....? OK I know they all tithe and save. I'm wondering beyond that what you expect.