Preschoolers need very little money for treats, but should have bank accounts of their own to help them learn about banking and feel comfortable in a bank. Teenagers, on the other hand, need more money. If the allowance is supposed to cover bus passes and clothing, the amount must be higher than if it is for leisure activities only. Clothing allowances are wonderful because they go a long way towards eliminating fighting over wardrobe decisions. If your son decides to buy the expensive jeans, he ll discover that he can t afford a sweater too.
Allowances are every family member s right, within the real limitations of the family income.
Household chores are the responsibility of every family member within the real limitations of the age, ability and available time of each member. The two issues should be seen as separate. Kathy Lynn, BA, CCFE, is president of Parenting Today and a career parenting educator.