The Allowance Challenge has begun.

I really think it is important for our kids to know how much things cost. Not continuing to think that money grows on trees or in a secret pocket in my purse.

I am showing them by example with my compacting and now I am taking that a step further. I am going to love this!

This week we will start to give them an allowance.

10 % to go to savings. IE: The Disney account I have started at the bank.
10 % to go to church.
80 % for them to spend or save how they choose.

I am not longer going to buy their gum, mints, bag of Twizzler's they will die without, make-up, hair stuff, trading cards or whatever...

Yes, I will continue to buy necessities like deodorant, toothpaste and soap!!! :)

The rest is up to them. They will have to decide what's important to them and plan ahead. I will help them keep a log of their money and how it's spent.

I'll let you know how it goes!

2 comments:

fraizerbaz said...

Good idea! Let us know how it works out!

Supermom said...

I sure will :)