The children and I were talking about allowances. Their contention as usual was that everyone gets more allowance than they do. I was explaining to them that different families handle money in different ways. For example, maybe their friends get twice as much allowance, but their friends are expected to buy more of their own stuff, or have to buy their own hot lunch at school if they want it. Or maybe their friends get less allowance, but their parents will buy them the shirt they like or give them a quarter for the gumball machine. And different families have different amounts of flexible income, and different ideas about how much flexible income a child should have. It can be really hard to compare.
Also, big-allowance stories get over-represented in the child’s mind. It reminds me of Tooth Fairy stories, where “everyone” gets $20 per tooth—and then it turns out it’s one kid, and that his family does $20 for the FIRST tooth and not for ALL teeth, and a quick Facebook survey shows that pretty much every other family does $1/tooth like we do, or maybe $2 or $5 for the first tooth and then $1/tooth after that, and ALL the parents thought they were being cheap compared to other parents because ALL the kids are talking about the $20/tooth kid. (This is a benefit of having plenty of parent friends.)
The kids thought it would be a good idea to do an allowance survey on the blog. But I can’t just do a poll for it—not only because of all the different ages involved, but because there are too many variables. One family might think $10/week is the right allowance for an 8-year-old, but they have her pay for her own ear-piercing, and for the presents she brings to birthday parties. How does that compare to the family that gives their 8-year-old $1/week but the dollar is pretty much exclusively for candy because everything else is paid for by the parents? Or maybe one teenager gets no allowance because she has a part-time job, and another teenager gets $15/week because she’s in half a dozen extracurriculars and her parents would prefer she concentrate on those right now?
So multiple-choice won’t work; it’ll have to be an essay question. At our house, allowance starts at age 6: one of the birthday gifts that year is a bank with 50 cents in it, and then he or she gets 50 cents a week. (Their allowance isn’t tied to their chores, but if they want more money they can earn it by doing some of MY chores. The hope is that this will firmly plant in their brains the idea that if you want money, you ask for work rather than asking for money.) At each birthday from then on, there’s a raise:
Age 7: $.75/week
Age 8: $1.00/week
Age 9: $1.25/week
Age 10: $1.50/week
Age 11: $2.00/week
Age 12: $2.50/week
Age 13: $3.00/week
Age 14: $3.50/week
That’s as far as we’ve gotten; we’ve been winging it year by year as Rob gets older. Once we tried a system where he got a larger allowance but had to put some in savings and some in charity, but OMG it was such a huge headache/hassle. (The biggest issue: what was the savings…FOR? That is, at what point was he allowed to spend it? Or was he just supposed to save indefinitely?) We did it for two years with him, then gave it up; by then William wanted to try it, so we let him do it for one year and then we all agreed to drop it permanently.
The whole subject came up this time because Rob is now older than Paul and I were when we stopped getting allowances, so we’re feeling like we don’t have much to base our decisions on. When I was 13, I was babysitting; Paul had a paper route. We had a lot more spending power than Rob has, but Rob doesn’t have the same job options we had, and we wondered if instead we should raise his allowance. On the other hand, Rob doesn’t have the same expenses we had, either: I paid for my own haircuts/perms, my own make-up, school lunch if I wanted it, presents for friends’ birthdays, family gifts at Christmas, equipment/food for my goldfish, etc. And it was the days of feathered hair, so hairspray alone was enough to keep a teenager poor.
Rob might not NEED as much money. He uses his allowance to buy snacks at the school snack bar, and school lunch if he wants it more than the once a week we’ll pay for, and candy. He’s just this year started going to school dances, and we split the cost of the ticket with him (it’s $8, and “more than a week’s allowance” seems to me like the right amount for him to pay, while “more than two weeks’ allowance” seems like too much). He also pays the difference if he wants something that costs more than I’m willing to pay (like when he wanted the Nird shirt), but that comes up very rarely (he still doesn’t care much about what he wears, and doesn’t mind Target clearance stuff). If he wants more money, he can earn it by doing some of my chores (he doesn’t get paid to do his own chores); we also generally pay him when we have him babysit his siblings.
One reason Paul and I have been talking about raising everyone’s allowance is that we’ve had the same system in place since Rob was 6, and maybe 50 cents isn’t quite the same now as it was 8 years ago. The other reason is that we’re noticing that our kids pretty much never save up for anything: they mostly spend all their money the week they get it. We’re wondering if that’s because they don’t get enough money to feel like there’s any point saving it: if it would take over 2 months of not-spending-a-single-penny in order to save $10, does an 8-year-old have that kind of patience? We’re thinking no. On the other hand, we’re already a little uncomfortable with how much candy they can buy with their current allowances; if we raise it and it turns out they STILL blow it all on candy, we won’t like that.
And we also have to keep the family’s income in mind. After Henry and the twins have their birthdays in the next month, we’ll be giving out $8.50/week in allowances—$442.00/year. That’s not a tiny amount, and that’s with three kids at the littlest-money end of the spectrum. It’s worth it if they’re learning valuable lessons about money, but it’s hard to tell if they ARE. And in the meantime, it’s a lot of money being frittered away.
[Edit: Because it’s coming up a lot in the comments, I’ll add that they don’t get money from relatives. This is another bone to pick at our house: “Sophia got TWENTY DOLLARS from her grandmother for EASTER!!” “Jacob’s grandpa gives him a $2 bill EVERY TIME HE COMES OVER!!” “Abby’s aunt gave her TWENTY-FIVE dollars for kindergarten graduation!!” Etc.]