We were visiting with friends a couple weeks ago, and their five year old was excited to show us what she bought with her allowance. They start giving their kids allowance at age five, with no strings attached (ie: they don't have to actually do their chores to get it--everyone gets paid regardless...kind of like the lazy guy at the office who still gets paid...but I digress). So, what do you do/plan to do about allowances? What's the going rate nowadays? (I'm guessing the quarter a week that I got might not cut it anymore. In retrospect, that was pretty cheap even when I was little, but I was still extremely excited to get real money!) Do they have to meet certain expectations to get paid? How often will they get their allowance?
We don't really know what we'll do. I'm thinking we'll wait to start giving allowances until they ask for it, thus buying myself as much time as possible. We definitely want to teach the tithing/saving/spending breakdown from the beginning. And I think it should be contingent on fulfilling some sort of obligation, be it chores or lessons completed. And we'd probably pay them when Brian gets paid, so we can all fill out tithing slips and talk about money we want to save together. However, since this is all theoretical, I'd love your input!