ANSWERS: 12
  • Zero. However, a five-year old can get rewarded for doing age-appropriate chores around the house to help out, such as making their own bed, picking up their room, and bringing their dirty clothes to the laundry hamper. I would think a max of $5 a week would cover it if you were feeling REALLY generous.
  • i dont think a five year old hes any need for money. I give my five year old treats,not just sweets but little tokens he can play with and extra t.v. time. he doesnt know the value of money yet so he dosnt need it.
  • $5 if nothing, what is a 5 year old going to do with money?
  • nothing
  • Not a cent, though there can be a reward system for good behaviour and doing appropriate chores and so forth.
  • nothing. I don't think a child should get allowance at all. But if a child does get allowance I think it should start when they are old enough to understand (somewhat) the value and meaning of money and they should be able to understand that money is earned and they should be required to do things to earn it. To me the idea is to prepare them for the real world..there is no allowance for adults. You work, you earn money. Things like allowance for good grades and doing things you should do anyway like clean your room to me seem pointless, these are things they should be doing anyway. So if I had kids, when they were old enough to understand this concept, I would pay them allowance for things done. I would have a list on the fridge of things/chores they could do each week to earn a little cash. When they completed on of these tasks they would mark it off and at the end of the week they get paid by the jobs they did and the quality of the work. Some things could be doing dishes, mowing grass, etc etc. If they choose not to do them, then they don't get paid. Simple as that. But I think 5 is too young for an allowance. They have no real concept of money or how it is earned or where it comes from.
  • I had the allowance discussion with my parents early on, sometime before the age of six. I wanted paid for all the work I did around the house. They agreed...but Mom put a price tag on every item I wanted for breakfast the next morning! I got her point, suspecting she'd do the same with my clothes, toys, lunch, dinner and so on. My parents didn't believe in "allowances". My parents were also of a generation that were quick to say "We don't care what Mr. and Mrs. So-and-So do with their kids!" They did urge me to go out and earn money doing things I could do. My first job came at the age of six...and from those earnings, I contributed part to the well-being of the family! It gave me a sense of self-worth and being needed by the family. I also bought stamps towards savings bonds...my Mom and Dad matched what I saved. I never stopped working until age 55, ultimately reaching the level of the then youngest vice-president of a Fortune 30 corporation. So, you won't be surprised if I go with Mom's and Dad's philosophies about "allowances"...and a lot of other things about life. So, for me, it's ZIP for the five-year old and the six...seven...eight...etc., etc. Teach your kids they're needed in a meaningful way...and that there's no free ride on the backs of others.
  • The rule of thumb i was taught in child development is 1 dollar per year of age per week untill they're about 10 or 15 depending on what your comfort level is, and stay at that rate till they're old enough to get a real job. Parent who don't believe in allowances don't realize that they lived in a different age, where shaveling sidewalks and raking leaves was the onl way a kid could make money. But now people have built entire companies to rake peoples yards and mow lawns and shovel sidewalks. And 5 cent lemonade stands arent going to do much good if the kids have to buy their own ingredients. If your kid does chores, and hes not getting anything for it, he's not going to understand the benifet of hard work. So when your child sees a videogame or toy he wants, tell him that he can use his allowance to pay for it, that way he learn that if he does all his chores, he gets more money toward that thing he want to get.
  • $5 bucks??? Are you kidding? What the hell would a 5 year old do with $5 bucks? Ok, it has been quite some time since I was 5 years old, but I remember distinctly the chart on the kitchen door. If we kids did a chore, we marked it on the chart. We got paid for what we earned, not for just standing there using oxygen. If you don't teach your children the value of something, especially work, they will never learn. And, before all you kids start giving me rude answers...look up the statistics today on how many "children" are still living at home with their parents still handing them money, instead of them leaving home to make their own lives and children to teach good values to. And, by the way, we got 1 cent for taking out the trash, 2 cents for clearing the table, 3 cents for washing dishes, 2 cents for drying the dishes, 1 cent per piece of clothing ironed, and a whopping 5 cents a piece for shining my father's shoes, and differing small amounts for other tasks. I can tell you without any doubt, my father had the shiniest shoes in town. And I had the most money every week of all 6 siblings. Just my 2 cents' worth of advice. hahaha
  • i'm not sure what a 5 year old would do with money, except buy candy- and even then they have to get someone to take them to the store. I don't think a 5 year old really needs allowance. If you want to start teaching them the value of a dollar early, then maybe start with quarters or something...
  • I would say about $5-$10 every week or bi-weekly depending upon how many chores were completed. However, they should be docked the amount of money received for misbehavior, being uncooperative, and not getting their chores done. Rewarding a child for good behavior and help will encourage them to do more later on. Even if they don't use the money, you can put it into the bank for college, or save it for another time when they're actually going to use it.
  • My Husband is blind so there fore my daughter does an extra amount of 'chores' around the house. I personaly think she should be rewarded for having to so much to help me with things. She helps prep dishes, prep dinner, switches laundry, and makes sure that her toys are never under foot of dad. She is different then most children so i think yes, $5 is a good reward for her good behavior.

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