Do You Give Your Child Allowance?
The practice of giving allowance to children seems to be going away. That could be good or it could be bad.
When I was a kid, I don’t recall getting allowance. My brother and I would make our own money early in life by shoveling driveways and sidewalks in the neighborhood. I even had a delivery route each week delivering of all things one of the most popular magazines then…TV Guide. Oh, I had maybe 15 people on my route, but I learned quickly that I could make my “allowance” by earning it. Today, it seems like kids just ask for it and Mom and Dad dish it out no questions asked. I am not sure too many youngster get allowance these days. Maybe I am wrong.
For those who do get allowance, I was reading in the latest Time Magazine that only 1% of American children actually save any of it. And in case you were wondering the average annual allowance is $780 or $65 a month or $15 a week.
Do you give your children allowance? If so how much?