My two youngest ages 5 and 6 each get $2 a week. They are both very good at saving their money so they can buy something nice instead of buying something junky right away the the $2. By doing this I hope that as they get older they will understand that if you want something its ok to have to wait and save up for it. Also if we are in the store and they ask for something I ask if they have the money saved for it. If the answer is no they don't even ask for it.
On the other hand my 15 year old never learned to save his money. If he got money for his birthday he would want to spend it the next day. As he got older he might have over $100 in birthday money that he would want to spend right away. I would say save some of it in case something comes up that you really want and he never would. Then of course the next week he would really want something but he would have already spent his money.
Now we give him $30 every two weeks. This is for school lunches (because he is to cool to bring his own lunch) or how ever he sees fit to spend it. He was asking for around $2 to $3 a day for lunch money so we decided to give him one lump sum and he decides what to do. If he makes a lunch at takes it he has all the money for other things. He still does not save his money but once the $30 is gone he get no more money for anything. He does not like it this way. He would rather go back to asking for money because we spent way more that way.
Kelly
__________________
Check out these great deals, or go directly to buy.com
FREE Shipping on Star Wars Attack of the Clones Pre-Order at Buy.com EXP: 11.11.2002
Pre-order the Star Wars Attack of the Clones movies at Buy.com, and get FREE shipping!
Check out these great deals, or go directly to ice.com
Save 20% off Purchase at ICE.com EXP: 08.31.2002
Use coupon code BCD20-552317 to save 20% off of your purchase at ICE.com. (excludes watches)