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Join Date: Oct 2004
Location: Boston
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What allowance for 10-year old?
Not what you got when you were 10, but what are you paying your 10-year old today?
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Ours is all based on chores and tasks around the house. He's 11 and can earn up to 75.00 a month if he tries hard.
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I've driven alot of crap to get here man! |
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Too big to fail
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Allowance? 10 year-old? Bwahahhahhhaaaahahahaaahahaha no stop, it hurts, hahahahhhahhhahahahah ow hahhahhaahahahahhhaaahahhhaah
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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Edministrator
Join Date: Aug 2003
Location: SF east bay
Posts: 24,868
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I dunno. Couple grand a week?
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Forgot to add "if anything".
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Registered
Join Date: Jul 2004
Location: Maryland
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Quote:
Mine then had to put 25% of what they earned in the savings account we started for each of them. Allowance for chores lasted until they were able to do real work. I then payed them by the hour. I pay my kids (21 and 19) $10 an hour to work on the farm when they are home from school. It is real work and they are good at it. Never had a complaint. In fact, two of my sons friends who chose to go to Juco work for me for on the weekends when I need them. One is so good at mowing and tractor work I may adopt him. Get started early.
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1996 FJ80. |
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,339
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Depending upon how many chores he has and how well he does them, I think $5-10 would be fair. He's 10. He shouldn't need much money, and I would assume that at 10, he's probably got a fairly limited set of chores.
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa SOLD 2004 - gone but not forgotten
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,339
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Giving an allowance to a 10yo is more about beginning to teach them about work ethic and saving/budgeting skills. There should definitely be a required amount of "work" behind the allowance, not just money given for nothing.
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa SOLD 2004 - gone but not forgotten
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Just thinking out loud
Join Date: Nov 2001
Location: Close by
Posts: 6,885
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Stop the bull**** right now.
Kids need nothing but a well fed meal. They don't need monetary assistance, they need discipline. We feed about $10 a week, and this past week, it was blown before Friday, thus no roller skate night. Choices... At 10 years old, I was making $40 a week, I got 10 to spend.
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83 944 91 FJ80 84 Ram Charger (now gone) Last edited by mattdavis11; 10-05-2013 at 09:52 AM.. |
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,339
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wow, ok. hit a nerve or something?
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa SOLD 2004 - gone but not forgotten
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Must have. No skate night for you
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1996 FJ80. |
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For the record, the kid has daily chores (cats' litter box, feed cats, empty slops bucket from kitchen, make bed etc.) and weekly chores (vacuum half the house, take out the trash & recycling, check the tire pressures and oil in all the cars). He doesn't get an allowance for doing his chores. He just does the chores. These are part of his responsibilities as a member of the household.
He also gets an allowance, most of which he banks. Every six months or so, he gets additional chores to do, and every six months he says, "I should get a raise.". I told him I would ask the internet what the prevailing allowance for 10-year olds is. He currently gets $2 a week. |
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Quote:
It was interesting to watch how my kids managed their money. They were complete opposites.
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1996 FJ80. |
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We do it by chore, anywhere from 50 cents for dusting up to $2.00 for picking up the dog crap. Like you this is above normal chores such as putting her laundry away or taking out the trash.
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D idn't E arn I t
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$40K a year?
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AOC/Hogg 2028 |
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Too big to fail
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How about chicks for free?
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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Too big to fail
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Quote:
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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Just thinking out loud
Join Date: Nov 2001
Location: Close by
Posts: 6,885
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Couple of lawns and a paper route. It was easy to make $10.
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83 944 91 FJ80 84 Ram Charger (now gone) |
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Join Date: Jan 2001
Location: So. Cal.
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Let's see, the 35 cents a week I got in 1953 converts to $3,01 in 2013 buying power. So that's it, $3.01 per week.
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Marv Evans '69 911E |
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When I was a kid our allowance was minimal. But my father was generous with cash rewards for good grades.
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79 SC Targa 72 T Targa Sold 68 T Coupe Sold 65 912 Coupe Sold 62 356B Coupe Sold |
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