Allowance is a subject that not all can agree on. Some thing giving children money is wrong because they'll just spend it. Jon and I think that it will teach Avery values and morals about money and how to spend it wisely (even if we don't always do so).
Avery is 3 1/2 now. We started giving her an allowance when she turned 3. She gets $5 a week. This may sound a little much to some, but for us it's worth it. There may be a couple weeks we have missed, but for the most part she gets $5 a week. We are putting it in a piggy bank for her for now. She loves that she has her own money. Now not very often does she say "I want this" or "Let's take my money so I can pick something out". But if we're at the store and she wants a certain item I say to her "We'll have to go home and get your money, then we can come back and buy it." She usually forgets by the time we get home, or she realizes that her money will be almost gone and decides against it. We're already teaching her values with this.
Let's say she had $40 and something she wanted costed $30. She saw she only had 2 bills left and realized she'd be out. She has learned to pinch her pennies and decide if it's really worth it. To this date, she has made one $15 purchase with her own money! That leaves her with $120 as of right now (seems we have missed 2 payments) She has MONEY!! This little toddler is loaded! haha!!
With Allowance Manager we can track just how much she has, how much she receives each week and how much we spend. Instead of opening her bank and counting it every few weeks, I can look online!! This makes it so easy to check her balance. Plus for Birthday's and Christmas we're going to give her $20. You can easily add that on to the Allowance Manager website.
They also have a Chore Chart on their website that you can print out. $$ for chores is a great way too and it shows that when you put a little work into it you get some compensation. So that will be good in a couple years.
So far, I'm loving this website. It has allowed us to leave her piggy bank alone and just watch it grow from online. No more counting cash and no more bringing it out and flaunting the amount in front of her.
The best part? It's FREE to sign up and use. How awesome is that?!!
*Disclaimer. I was compensated for writing this review. However, the thoughts are my OWN opinions.*
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