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Working Hard for Their Money
In lieu of a conventional allowance, some parents prefer that the child earn money for doing chores, babysitting, and so on. Often, the best solution is to use a combination of these approaches. For example, the child might receive a set amount of cash with no strings attached and be given opportunities to earn additional money by doing special chores.
I'm talking about cleaning the garage, waxing the car, and other tasks that lie above and beyond the child's everyday responsibilities. Cleaning his room, feeding the dog, and completing homework assignments are routine chores that your child should complete without any financial incentive.
Whatever approach you take, it's essential that you view the allowance as a teaching tool. Never make the allowance a reward for good behavior. Never withhold it as a form of punishment.
Next: When to Start Giving...
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