Over time, we decided to start adding an allowance for Johnny and Scout. This was honestly less about feeling like they deserved money for basic hygiene, and more about introducing the invaluable principles associated with managing money.
Each week, we gave them three dollars. In actual one dollar bills. We have slowly been teaching them about giving and they have the opportunity to do this at church.
Honestly, three dollars felt like the perfect amount to easily do SPEND, SAVE, GIVE (simplifying it to a dollar each) so that’s why we started with $3. We learned about SPEND, SAVE, GIVE from friends, who learned it from the book The Opposite of Spoiled: Raising Kids Who Are Generous and Smart About Money. While I have not read it, it’s on the way!
They kids have, however, recently received a RAISE! They now sort, fold, and put away all of their clothes. Nate and I loathe this task, and very quickly the clothes end up disheveled in their drawers anyways, so why not let them fold them? JR and Scout now each get $4/week and Millie has started to get $1/week for cleaning up her room.
I know this might seem small, but the lessons learned have already felt invaluable. For instance:
A few weeks ago I took all the kids to Costco. There is a small section that usually has a few toys and books and Scout and JR were both anxious to check it out. Scout found a make a face sticker book she desperately wanted and asked if I would get it for her. I responded, “I won’t buy it, but you have $10 in your allowance bag. If you want to get this book, it will take all of your allowance.” She decided it was worth it and to be honest I think it was. We got home and she made sticker faces for hours.
John Robert, on the other hand, was also wanting to spend his money. There was this large sheet kindergarten workbook that I knew wasn’t worth his whole allowance bag but he insisted he wanted it. So, I let him get it. Once home, he did the activities for 5-10 minutes then grew bored with it.
I later got to ask him if he thought it was worth his entire allowance and he sadly said that it wasn’t. I then got to explain to him that I also use my money on things that aren’t really worth it (hello, impulse buy!). It’s a mistake we all make time and again and have to learn from.
The beauty of this was that my kids started to see the value of their dollar! I could see their little brains working…wondering if the item they held was worth their hard earned money.