Is it ideal to give cash
allowance to your children? This statement might be the first question
you have in mind as you click read along with the content.
“Children should earn their allowance
by doing something at home. Like cleaning the tables, washing the dishes or
doing any household chores.” The idea is letting them realize the
importance of spending money and the relation between work and pay. You can
assign your kids few jobs during their summer vacation and give them something.
But wait! Be careful in doing it,
do not overdo it. Don’t let them think that they do things to get money. Never pay
something to your children for their personal sanitation!
If your children say they have
the lowest allowance, stand firm with your belief inculcate to them that that
is the only amount you can afford. In this scenario they will value the amount
they have and minimize spending.
Teaching your children simple
things like giving allowance, enables them to realize and manage what they have
and how they spend it.
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