Monday, September 8, 2014

Starting an Allowance

Parker BEGGED me to start giving him an allowance all summer so I told him that once school started, I would come up with a plan for earning an allowance.  After talking to some friends and reading some blogs on how they handle allowance, I finally came up with the following system.
 
Parker has four things he has to do every day- morning jobs, reading 20 minutes per day, practicing his AWANA verses, and cleaning his zone.  If he completes each task, he earns one dollar per day or five dollars per week.  If he forgets to do one of his tasks, he loses his dollar for that day. 
 
When he gets his weekly allowance, he has to tithe 10%, save 20% and then he can keep the rest to spend on something he wants.  So far he is doing great completing all of his tasks.  It has been so nice that he has his own money to spend on things he wants!  We will see how long his enthusiasm for doing his tasks lasts!


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