{Starting|Beginning} an Allowance
Its {never|by no means} too early {to start|to start out|to begin} {teaching|educating|instructing} your {children|youngsters|kids} about money. {A great way|A good way|An effective way} {to begin|to start} {this is|that is} by giving them an allowance. There are {several|a number of} {ways|methods} {to do this|to do that}, and Ill {talk about|speak about|discuss} {a few|a couple of|a number of|just a few} of them.
You {can give|may give|can provide} allowance {based|based mostly|primarily based} on chores with {specific|particular} {money|cash} amounts. {For example|For instance}, {you can|you’ll be able to|you possibly can|you may} {decide|determine|resolve} to pay fifty cents for setting the dinner {table|desk}, $1.00 for {keeping|maintaining|preserving|retaining|holding|protecting|conserving} their {bedroom|bed room} {clean|clear} all week. You {decide|determine|resolve} the chores {you would like|you want to|you desire to|you prefer to} your {child|baby|youngster|little one} to do, {and then|after which} {show|present} them {how to|the way to|tips on how to|methods to|easy methods to|the right way to|how you can|find out how to|how one can|the best way to|learn how to} do the work correctly. {Let them|Allow them to} know {ahead|forward} of time how {much|a lot} they get for {each|every} job, and {keep|maintain|hold|preserve} track. {Decide|Determine|Resolve} how {often|typically|usually} {they will|they’ll|they may|they are going to} {receive|obtain} {the money|the cash|the money} {they have|they’ve} earned.
{Another option|An alternative choice|Another choice} is to have a set {amount|quantity} of allowance {based|based mostly|primarily based} on their age. My {children|youngsters|kids} earn half their age in allowance. My {five|5} {year|yr|12 months} {old|previous|outdated} {gets|will get} $2.50 a week. {In order to|So as to|To be able to|With a view to|In an effort to|With a purpose to|As a way to|With the intention to} earn their allowance, they {have to|need to|should|must} {keep|maintain|hold|preserve} their room {clean|clear}, do an assigned job {each|every} day, and {help|assist} out with {other|different} {things|issues} that {we might|we’d|we would} need. {When they|Once they|After they} dont do jobs or {keep|maintain|hold|preserve} their room {clean|clear}, they lose {part of|a part of} their allowance for the week.
Some {parents|mother and father|dad and mom} give their {children|youngsters|kids} {money|cash} {without|with out} requiring {the child|the kid} to earn it. I dont like {this option|this feature|this selection} {because|as a result of|as a result of} I like giving {a value|a worth|a price} to the money. When {children|youngsters|kids} {have to|need to|should|must} earn it, it means {more|extra} to them. {However|Nevertheless|Nonetheless}, {if you|should you|when you|in the event you|in case you|for those who|if you happen to} dont like {the idea|the thought|the concept} of {putting|placing} your {kids|youngsters|children} to work, {you can|you’ll be able to|you possibly can|you may} {still|nonetheless} {teach|train|educate} them about money. {I would|I might|I’d} {still|nonetheless} {suggest|recommend|counsel} assigning a requirement to {the money|the cash|the money}, such {as good|nearly as good|pretty much as good} grades or good behavior.
{Whatever|No matter} {option|choice|possibility} you {chose|selected}, staring an allowance {with your|together with your|along with your} {children|youngsters|kids} will {teach|train|educate} them about working, {how to|the way to|tips on how to|methods to|easy methods to|the right way to|how you can|find out how to|how one can|the best way to|learn how to} spend {money|cash}, {and how|and the way} {to save it|to reserve it|to put it aside} as well.