ANSWERS: 10
  • IF the child helps a little around the house ... take out the trash , bring in the garbage cans from the curb , keeps his /her room fairly neat / clean ... I'd say $5.00 a week .... IF; on the other hand the child has a continued messy room , doesn't do anything , not even the trash ... NOT a Red Cent , would this child get ...
  • I think it depends on what you expect tham to cover. I got $20 a week and had to buy my own clothes and outings (things were a little cheaper back then), but I had a friend who got $5 per week but her parents bought all her clothes and gave her money for movies and things... both seemed fair. I have heard that a dollar per week for every year in thier age is fair, but again, I think it depends on what you expect your child to buy, and what you will continue to buy for them.
  • I think it is a matter of what the child's needs are and how much they cost. I believe in sitting down with the kid and working out a budget. The amount increases over time as the child is more and more responsible for meeting his/her own needs.
  • I really wouldn't know, 20?
  • One the parent can afford. It's not always possible, but so long as the kids are happy and well provided for, that's ok :)
  • I give my 11 year old 5 bucks a week. He is just starting to complain! Hehe...
  • free room and board (like they do in Europe with the au pairs; i guess they still do that)
  • Fee for service
  • Whatever they earn by doing assigned chores, based on what the child's expenses are, and the age of the child.
  • If you have the money for it, this is what's suggested by financially successful parents who successfully raise their children to be financially successful (and responsible) themselves: Depending on cost of living where you are ... $10 to $20 PER YEAR OF AGE per week (e.g., a 15 year old will get $150-$300 per week). I know that sounds huge, but here's the deal: That's ALL the money they get from you, and they have to budget it to buy all their own clothes, music, toys, school supplies, movie tickets, dates, prom tickets, concert tickets, presents for others, contributions to the church/synagogue/whatever, bikes, sporting equipment, meals apart from the family, and ultimately a car, gas, maintenance, etc. And if they blow it all and don't have enough for the big date (or the hot car) then that's just TOO BAD! This way you avoid the ongoing expense of what Bill Cosby calls the "Askidentals" ... the money the kid asks for after they squandered the money you gave them to cover incidentals. The idea is to give them the actual means for all their needs (except a roof over their heads, basic board, medical and dental expenses ... and school tuition if you're sending them to private school) and SOME of their wants (10% to 65% of them, depending on your own means), but make them learn to be responsible with their money and save for the future. They don't, however, suggest you charge them rent or for food at family meals, or for private school tuition, or dental and medical expenses (except sometimes the ones they incurred through their own stupidity). Also, you should still give them presents for their birthday and Christmas, but these should be something special - something more on the order of keepsake, or at least something they wouldn't buy for themselves but will cherish when they have it. They also suggest that you introduce them to the family finances, expenses and budget very early - like sometime between age 8 and 11, and that by the time they're 13, they should be taking turns with their parents and older live-at-home siblings balancing the family books, keeping up with investments, keeping the checkbook up to date, and paying the household bills (with the parents' money, not their own - and yes, mom or dad still need to sign the checks ... and of course exercize oversight). This way they'll know what it really costs to raise a family and run a household, and know how to manage it. They'll also have a lot more respect for their parents, knowing what they actually do for them and how much they really cost to raise.

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