Kid’s allowances

Kid’s allowances

Every kid in the world no matter how small he/she is wants to have an allowance. It is completely logical, because money can provide lots of thing for them.
What every parent should think about is – When is the right time to give your kid allowance?
Parents usually have some doubts, not knowing the exact time, amount, purpose and other questions.
You need to be balanced when it comes to your kid’s allowance. You shouldn’t start with it too early or too soon, and you shouldn’t give too much or too little.
If you start too early your kid might get used to it, and starts expecting every year bigger amount of money. Yet, on the other hand if you start too late, your kid might feel embarrassed because other children have it, and he/she doesn’t.
Now if you give your kid too much money he/she may start acting like a spoiled brat and starts wanting more and more without deserving it. And then if you give him/her too little she/he will not be able to go out with their friends whenever he/she wants, which is ok if your kid is too young for that.
If we take a look from a psychological point maybe the best solution is to give your child money when he/she finished with his/her chores in the house.
In this way your kid will become more responsible and will learn to appreciate money and working for it. Of course you shouldn’t torture your kid, just make him/her do things such as cleaning his/her room, throwing garbage, etc.

 

 

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