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Suze Orman's thoughts on kids and allowances...

WalkOnBy's picture

"Why should kids just get money because they're born and live in a house?"

Looks like Suze and I are on the same page!!

http://www.today.com/money/suze-orman-dont-give-your-kids-allowance-othe...

Discuss Smile

Comments

Cover1W's picture

Ditto. They just don't want to work for anything, even money.
SDs get an allowance from BM (who then makes them pay for all extras they want, YES! Thank you BM!).
No allowance from us, but who needs that with DP buying everything?

moeilijk's picture

Hmmm. I'm not sure where I stand on this.

I think having spending money, in small amounts, that kids are responsible for helps teach responsibility, planning, accountability, and delayed gratification.

I don't agree that kids should be paid for contributing to the family.

I do think that kids should have the option to 'earn' a little extra by doing extra around the house.

I don't seem to agree with myself!

WTF...REALLY's picture

No money for helping to clean the house, their room or their clothes. They want money - clean a car. They rarely do it. So when they ask for money - I always remind them - Clean A Car!