Tuesday Talk

Hey, y’all! Today, I am linking up with the sweetest girls,Ashley and Erika, for their fun link-up “Tuesday Talk!”

Each month, we link up and discuss a different topic! This month I am asking for your help again, because you ladies always give the best advice!

So, over here at the Dreffs house…we are starting to make plans for 2018, and I am, wondering if you can assist….Today, I am asking about your kids and allowances!   Do you give them out?  Tell me all about it in the comments!  I really do need your advice.

We have never really given out allowances, but now that our kids are older….we are wondering if we should be doing this?  If you give them out, do your kids have to earn the allowance with chores? I love the idea behind this potentially, but I need something simple to follow or we are sure to fall of the wagon. haha!  😉 Tell me how you handle this in your home…I can’t wait to hear all about it!

In the meantime, we will be back here tomorrow with What’s up Wednesday!   Thank you for the link-up girls!   Happy Tuesday! XOXO Narci




20 thoughts on “Tuesday Talk

  1. Erika Slaughter says:

    Oh my goodness! I can’t wait to come back and read the comments. We do not do allowance. I think it’s a great idea but I need a system that’s really easy. So many sound like a lot for the parents to keep up with. Coming back to read comments later!


  2. Stacy says:

    I just remember growing up you coulde earn how old you were weekly by completing your weekly chores —you could earn extra if you did additional jobs


  3. Bridgette says:

    I have a 14 and 12 year old, and I have paid them for chores since they were in kindergarten. The types of chores and the amount of pay has evolved over this time. When they were younger, they were paid a very small amount to do everyday things, such as making their beds, feeding the animals, and cleaning their rooms. They had a chore chart that hung in their playroom, and they would put a star or sticker next to the chore each time they completed it. At the end of the week, together, we would add up the amount they earned and I would pay them. Today, they are expected to complete, but are not paid for everyday tasks (making beds, keeping room/bathroom/”hang out” room clean, putting away dishes, etc.) They are paid for larger, more difficult tasks, and they are paid according to how difficult and time consuming the task is. For example, now they are old enough to help mow the grass, wash cars, clean windows, blow the walkways and driveway, vacuum and dust entire house, etc. And, if they know they have an upcoming trip to the mall or they are saving for something special, I have an attractive magnetic “chore board” where they always have ways to earn extra money. On this board, I have slips of paper which will list a specific chore and the amount they will earn by completing this task. They pick a slip, complete the chore, and then turn in the slip for payment. Also, since the start of chores, I have required that they keep track of their money using a “bank register” that I made in Word. They have one register for “checking” and one for “savings”, where they are to track deposits and debits. At their current age, they are required to save 10% of their earnings. While I still pay for many of their wants and of course, all of their needs, my husband and I have always wanted the children to learn how to manage money, and this method has worked for our family.


  4. J says:

    We did not do allowance tied to chores. We feel that chores should be part of being a contributing member of the family, especially since mom and dad don’t get paid for doing their chores.

    After starting and stopping several times because we would forget, we quit doing allowance and instead set reasonable amounts for things our daughter wanted and allowed her to work to earn the difference. For example, if she wanted to go to a movie we would certainly give her money to do that. But if she wanted a pair of shoes, we might set a reasonable amount we were willing to spend, and if she wanted to go over that amount, she could do special chores to earn the difference. She was expected to clean up after herself and take care of her room, but she could do something additional that wasn’t part of her regular chores.


  5. Kirsten says:

    My parents made an excel sheet that listed each kid’s chore(s) for each day of the week. If we completed all those, we got our set allowance amount. It was nice because it was consistent! The list of chores didn’t change weekly–the duties were just spread out so that everybody had a turn doing each thing.


  6. Erin says:

    My kids aren’t old enough to do the allowance thing yet but when they are we are probably going to follow Dave Ramsey’s Financial Peace Jr! I’ve also read his book (written with his daughter) Smart Money Smart Kids and gotten really good ideas!


  7. Amy Williams says:

    My husband and I went back and forth on allowances with our two children. We did not spoil them, but we could afford to buy what they needed and/or wanted –from a conservative perspective. For example, we did not give them regular allowance when they were younger, but we gave them about $10-20 spending money per week when they were in high school. If they went to the movies, that was their spending money for the week. If they didn’t, they could go to Starbucks or out to lunch or dinner a couple times each week. The hope was that they would see they need to budget their discretionary income and that they can’t do everything they were invited to, or wanted to do each week when spending money was involved. In other examples, at the Nordstrom Anniversary sale, they could each pick one or two new items. Some of their friends received $1,000 budgets –or things like brand new cars on their Birthdays. But our children drove our cars. Our children had a reputation of being humble and unassuming, so say their friends. We did not want them to be flashy and showy so from that perspective, we succeeded in raising conservative children and conservative spenders.
    If I had to do it again, I believe allowance is a good idea. We had friends who read the Rich Dad, Poor Dad book and wanted to teach their children about financial literacy and responsibility. I believe this to be a very good idea, especially when a family has more than two children and thus less one on one time with each child. Our friends said they gave their 3 children a conservative allowance each week, but that the children had to divide the amount into four jars: savings ( put away in the bank), short term spending, ( for like gum or a special treat they wanted ) long- term spending ( a new bike? A game? A special coat or shoes in addition to the one that mom and dad bought for them– something they had to save weeks and weeks for) and charity ( money to be given away to church or other organization they felt passionate about.
    Each week the children had to divide their conservative allowance into the four jars and this was their entre into the financial world of savings, spending, and charity.
    I’m not well versed on the book or their exact process, but it went something like that and I see the brilliance in the system– teaching children about money, financial responsibilities and literacy, at a young age, so they are comfortable and disciplined in the savings and spending processes as they mature.


  8. Kelly Franks says:

    I don’t have kiddos that are old enough for allowances but I heard once on Dave Ramsey that he never did allowances. He did commissions. He made a list of chores. Not the ones that were expected like making the bed or picking up after themselves but additional things like mopping, dusting etc and assigned money amounts to them and that’s how they earned their “spending” money. He also had them set aside a third for spending, a third for saving and a third for giving. I’m going to implement this in the next year or so.


    • Shannon says:

      What she said! ^^^^

      The Dave Ramsey book is fab. Kids shouldn’t get paid to do their chores. That’s part of family life! We gave them money weekly because they were part of the family. The main purpose in them getting money each week/month whatever, is so they could learn to handle money. Tithe, save, spend. Starts good habits for life! The book explains it all.


  9. Stephanie says:

    My husband made a printable and posted it in the kitchen. My girls (11 and 8) split pet duties and loading/unloading dishwasher and taking out and putting away trash. They get $20/month (or 5 a week but we are always forgetting to get cash it’s usually a one time a month payout 😂). The posted list helps us so nobody complains that it’s “not their turn”


  10. Donna says:

    When my four children, now adults, were growing up we wrote them a personal check each month for their allowance. Then on one Saturday of each month we would go down to the Young Americans Bank in Denver and they would deposit a portion of the check into their savings accounts and get the remainder in cash to spend. The bank caters to children so it was a wonderful learning experience that helped them understand finances. Seeing them stand on the little foot stools to fill out the deposit slip is a fun memory! To this day they’re all responsible savers. We never tied their allowance to chores – we felt that being part of a family requires every person helping out.


  11. Amanda says:

    We love Dave Ramsey’s processes, especially with kids and money ☺ The short of it is that “commissions” are tied to chores, and when the kids are paid every week they separate the money into Give, Save and Spend envelopes. We started this with each of our kids around age 3 and gradually increase the # of chores, difficulty of chores, etc. (I hope that helps! I love your blog!!)


  12. Tara G. says:

    We’ve always given an allowance even when the children were preschoolers with the purpose of teaching financial responsibility. We used a Larry Burkett giving bank that had church, bank & store compartments when they were little. The kids use a divided plastic envelope now & follow the same principle in addition to having a “real” savings account with the bank. We expect the kids to contribute in respect to chores as members of the family but allowance isn’t necessarily tied to them unless we choose to take it away. We’ve been really blessed to see them give generously as the Spirit has prompted them, they have made wise choices when they had to wait to buy something by saving, & they purchase their own gifts for family members.


  13. shannon mcfarlane says:

    I have two kids, 17 and 14. Both of my kids are given money every week, not for chores or grades. We expect good grades and work around the house because that is what is required of them as a member of our family. They get allowance and must budget that money and now that they are older they also work outside the home, i.e., babysitting, washing cars etc as another source of income. I tried a chore chart and it did not work for us. Life does not work like a chart so some days I ask for more help other days less and the duties change depending on if its summer or they are on break. I think you will find that with a high schooler a chart may be difficult at times as well. There are times when your child has multiple AP classes, advanced courses and sports so I don’t expect more than her cleaning her room and helping with dishes on these days. Good luck.


  14. Nicki Trevino says:

    I don’t have kids yet, but Growing up, my mom made a chore chart for all of us with our chores listed for each day of the week (the charts were the same each week). Then we got a set allowance for each week based on completing our chores. It was also great because my parents used it as a way to teach us how to tithe from what we earned and would always have a separate envelope for us to put our tithe in. I think it worked great for us and I plan to do something similar with my kids!


  15. Yvonne Gibson says:

    We did not give our children allowance money for chores. They were expected to help whenever asked, and encouraged to help without asking, because they were part of our family. When they reached middle school (around 6th grade) we opened checking accounts for them and they received $50 a month. I know this sounds like a lot. They were expected to pay for their lunch and anything that came up for school like field trips, supplies for projects, etc. They were also to tithe from the money. Any money that was left over was theirs to spend or save as they saw fit. If they ran out of money before the month was over, they were welcome to make their own lunch from whatever was in the kitchen, but mom would not make it. They could also make lunch any day they wanted and keep the money. Since I taught at the middle school they went to I had to make sure the lunch ladies understood that my husband and I were trying to prepare them for life and not to help them out. When they got to high school. We upped the amount to $100 a month and when they started driving $150. They were expected to buy yearbooks, gas, any special clothes, school supplies, and lunch from their money. We sat down with them each month and helped them balance their checkbooks. My boys are both out of college and on their own now and both know how to handle money well. They understand budgets and living on a set amount. They understand paying for the necessities and saving for the wants. For our family it worked great.


  16. Yvonne Gibson says:

    I forgot to mention…going to school and doing the best they could do was considered their job. We expected them to do their very best and if they weren’t, the money would stop, because you don’t get paid if you don’t work.


I love to hear from you! Leave a comment here! :) XO Narci

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