How much pocket $$ for a 12 yo? - Page 2

[oldgirl,newtricks]

Wow. $20 a week would add up to $4,160 per year for us. Wow. Even if we only did it for 10 years per child, that $40,160. It takes me almost three years to clear that much cash at my teaching job. I'm way more concerned about paying for my own old age. Nope, that kind of money has to be earned for us.

Gloria

[Itlbokay]

Originally Posted by oldgirl,newtricks

Wow. $20 a week would add up to $4,160 per year for us. Wow. Even if we only did it for 10 years per child, that $40,160. It takes me almost three years to clear that much cash at my teaching job. I'm way more concerned about paying for my own old age. Nope, that kind of money has to be earned for us.

Gloria

Welcome to MDC, Gloria.

We give $20 a week, but if it added up to over four thousand a year I would think "Wow", too. It would be too much for us.

Each family works out what is best for them.

So far this is working out really well for us. Our boys are being very wise with their money. The best part is that I have seen a change in how they view money - for the positive. They aren't buying junk, or spending every dollar possible as soon as they get it. I am really happy with the results of our trying this out the past few weeks.

Peace

[Pynki]

Originally Posted by PajamaMama

I don't give my dd ANY pocket money. I pay for her school lunch or send her something nutritious to eat.

She gets a $10 a week allowance. I don't actually hand her the cash. We write it in a checkbook register. When she wants to buy something with 'her' money I pay for it and subtract it from her balance.

What do you think your ds needs money for? In the case of the shirt, if you're going to let him have it, why not just buy it yourself?

I should add that on the occasion when dd and a girlfriend are at the mall with me and want to 'explore' a bit on their own I might give her an amount up to $10. But I do ask to see receipts and get change on those occasions.

I don't mean this to sound well, how it's going to sound, but why so controlling? I mean the whole thing sounds controlling? You dd never gets her own money and has to go through you to do with it what she wants? Then why "give" it to her at all? And when she's out and you've given her actual cash why ask her for an accounting of HER money?

Unless there's something else going on in this situation I'm not seeing the reasoning.