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Allowance
I have been debating giving my son an allowance. He is getting to the age where he is starting to want things, and I would like to start teaching him responsibility about money...but I'm not sure an 4 year old will understand it. He understands the concept of money...that you need it to buy things...and he understands what coins are and what paper money is.
I received a small allowance as a child, starting at age 7 (my sister started receiving one at the same time, she was 5). I remember being conservative with my money and often saving for things I wanted, but I was quite a bit older than my son is right now.
Right now, hubby and I usually just put our spare change in his piggy bank and change it for bills when it gets full. Right now he has about $50 in it, which is to be his spending money when we go to Disneyland. Since we don't use cash that often, I'm just thinking about putting a dollar a week in his bank, and using the change jar for something else, perhaps as extra Christmas money or extra money for future trips.
What do you guys think? Is 4 too young for allowance? I'm still just debating this, I haven't made my mind up yet.
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"They say that patriotism is the last refuge to which a scoundrel clings; steal a little and they throw you in jail, steal a lot and they make you king"
Formerly Medusa
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