The Great Allowance Debate

Sep 23

I love a good parenting controversy. And the topic of how (or if) to give kids money is a big one. There are two main sides to this debate: allowance vs. commission. In the allowance model, kids are paid a set weekly or monthly rate, independent of chores or other qualifications. The second approach is a commission system, a work-for-pay system wherein kids are paid for doing chores and making other contributions to the family. And then, of course, there’s a third option: not giving kids money at all.

Links from this episode:

How Lisa Teaches Kids About Money (https://www.howshemoms.com/home/2018/...)

How Sarah Teaches Kids About Money (https://www.howshemoms.com/home/2018/...)

3 Reasons I Don't Pay My Kids an Allowance (https://powerofmoms.com/3-reasons-i-d...), by Amanda Hamilton Roos

Allowance (https://betterwayparenting.net/2015/0...) by Lisa Hoelzer, Betterwayparenting.net

Smart Money, Smart Kids, by Dave and Rachel Ramsey (https://www.daveramsey.com/store/prod...)

The Entitlement Trap (https://www.amazon.com/Entitlement-Tr...), by Linda and Richard Eyre

The Opposite of Spoiled, by Ron Lieber (http://ronlieber.com/books/the-opposi...)

The Blessing of a B- (https://www.amazon.com/Blessing-Minus...), by Wendy Mogel.