You can either continue to pay the fixed expenses and let them pay their social expenses or suggest that they deposit more of their allowance into their savings account for future use. Discuss the amount to be saved from the allowance. Ten to twenty percent may be a reasonable amount. Have young persons keep a journal of expenses if they continually run out of money. Do not tie the allowance to basic chores you expect the child to do as a family member.
Chores teach family responsibility.
Discuss pay for doing extra chores, such as cutting the lawn or washing windows, especially if the child is saving for a big item. Establish rules for what to do about lost allowance money. Only money for necessities should be replaced. Allow children to negotiate a raise in their allowance. Parents can help their children develop positive attitudes about money.