Giving Your Child an Allowance

Should You Give Kids an Allowance?Giving Your Child an Allowance

Is anything in the world of finance and parenting more debated than this – should you give your kid an allowance? Will it turn them into lifelong moochers or teach them valuable budgeting skills. In the Rich Mama’s humble opinion an allowance is a good tool for younger kids, when used as a way to regulate the “I want that’s…” Since children this small really do have a hard time doing jobs to earn money, an allowance can be a great way for them to learn to save up for that pack of gum or special toy.

According to some financial experts, giving your child an allowance is one of the best ways to instill solid financial skills in their young brains. Compared with a “pay as you go” policy, where you pay for what your child wants when he or she wants it, a weekly allowance can help your child better understand that money must be earned before it can be spent. This is a lesson your child certainly needs as an adult.

In addition, older kids are more influenced by their peers, especially where spending habits are concerned. Don’t forget you also have to contend with television commercials, radio ads, and other forms of media selling, selling, and selling. Managing an allowance at a young age will help your child more quickly grow accustomed to spending limits and restrictions.

What’s important if you’re going to give an allowance is to discuss what’s covered by the allowance. In other words you might not expect your kids to pay for their whole back to school wardrobe with their allowance, but if they want to go to the movies with friends, this might be an allowance item. Just make sure you and your partner sit down and discuss what you think you should be paying for versus what your kids should pay for with their allowance.  And then when you and your spouse are on the same page, then go start to negotiate with your kids.

Chores, Smores

With older kids, there are some families who have them do chores in exchange for an allowance. On the one hand this teaches the principle of now worky…no pay-ey…On the other hand moms and dads do a lot of crap around the house without any expectation of allowance, and if you’re teaching your kids that if they make their bed and get a dollar, then what happens when they’re on their own – and no one is giving them a dollar.

With older kids I favor the approach of chores that need to get done no matter what, plus a base allowance, plus an opportunity for kids to earn money doing extra jobs around the house. For instance if there is a job you would outsource, then consider paying your child for it. It could even be cooking a meal a week if it stops you from ordering takeout.


How Much is Too Much

So, how much allowance should you give your child? You can determine the amount in a variety of ways. Some parents and financial experts suggest one dollar for every year of age. Others say to set the amount based on how you expect your child to use the allowance, providing enough money to put in a savings account, give to charity, and to spend. Still others suggest giving your child an amount based on what other kids receive around the same age.

Whatever you choose, give it some thought, talk to your spouse and your child about a realistic amount, and start low rather than high. It’s always easier to increase a child’s allowance than to give him less because you started out giving too much.

As your child grows and matures, an allowance will help teach money management skills and develop responsible spending habits. Simply buying what your child needs and wants doesn’t allow the same learning opportunity. Giving an allowance may be a trial and error process for your family, but it’s one that is well worth the effort and learning curve. It will teach lifelong skills that your child will need—and thank you for—when your child becomes an adult.

Your Questions About Muffin Top Jeans

Daniel asks…

Avoiding the muffin top with lowrider jeans?

Is there any way of avoiding getting a muffin top while wearing low rider jeans? Incase you don’t know, a muffin top is when your fat kinda hangs over the jeans.
I’m fairly slim, but i’ve seen skinny girls with muffin tops aswell.

richmama answers:

Simply dont wear yur jeans so tight in the waist. I personaly dont care for jeans that are so tight they look like someone painted them on your legs and every thing bulges anyway. No matter how skinny you are, it happens if you but them a little bit too small.

You can also tone up your love handles and that might help.

Here are some links if your interested.


good luck!

Ruth asks…

What should be done with muffin-top jeans?

richmama answers:

I’m not so sure it’s the jeans that make them muffin top. But your right….something needs to be done! I’ll let you know Monday when my brains back from the break! Oxo

Donald asks…

Good jeans that avoid muffin top but still slim in the leg?

I’ve got a little extra around the middle but I still like slim fitting jeans. And usually if I try on jeans that fit my hips, they’re too loose on the leg. Any suggestions are greatly appreciated. Thank you!

richmama answers:

Here are some store or brand and the ages that you should shop there:

American Eagle(12-22)
Old Navy(12-35)
Not Your Daughters Jeans(35-65)

Ken asks…

What is the infomercial for lady jeans that hide the “muffin top?”?

I was watching an infomercial late at night a few weeks back – it was hilarious – it was for women’s jeans to make them look not so fat, the women were talking about their “muffin tops” It was really hilarious and i’ve searched all over the web and can’t find it. Does anyone know what i’m talking about?

BTW, i have nothing against overweight women, some are in my family – however the infomercial was too hilarious!

richmama answers:

It must be the Kymaro Curve Control Jeans informercial which are supposed to flatten a muffintop and shape your bottom so that it’s curvaceous and not wide and/or flattened.

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Your Questions About How To Display Kids Artwork

Sandra asks…

How soon before Halloween can I carve a pumpkin and it still be presentable on Halloween?

Or, how do I keep it from going bad once I carve it? I’m a busy person, but every year I LOVE elaborately and artistically creating designs in my pumpkins (kids LOVE the artwork) I need to know how soon I can carve them and they still be ok to display on Halloween. Thanks 🙂
OOOOH I got a LOT of work to do then. I’m carving 4 pumpkins. 2 for my back door and 2 for my front *sighs* and a very short time frame to do it in.

richmama answers:

Um maybe about 5 or 7 days. To be really sure pumpkins rott fast and they rott fasted being carved.

Good luck on your pumpkin!

Maria asks…

Artwork on brains, some help please?

At school we are doing site specific sculptures and site specific installations, im choosing the topic of brains and am going to use a brain jello mold as my brains, using plaster (most likely)

my theme for the work is that during high school kids take their brains for granted cause its not “cool” interested more in going to parties than learning.. so any ideas of how i could display this idea? (my first idea was to have a large pink, healthy brain in the library or something and then a dark, bruised one say, outside the principals office)

pleease pleasse help!

richmama answers:

Or maybe how one day the party brain will grow up and then be too old to party and be dumb. And then the smart brain will be the cool one 🙂

Nancy asks…

College and financial aid? Racism?

I have a serious question here. Do not try to twist anything I say into racist ideals because I am 100% not racist. I accept all people of all races, religions, and backgrounds. Anyway, I’m white. I’m a junior in high school. I take all honors and AP (college) level classes, and have earned straight A’s throughout my elementary (starting in third grade when we starting getting letter grades), middle, and high school years. I have a 4.0 GPA unweighted. I am on the executive board of two clubs, am a member of NHS (National Honor Society), have had my artwork displayed at various events, and play sports. I also worked during much of my sophomore and junior year. Anyway, I’m noticing how hard it is for my friends to get scholarships. Like me, they take advanced level classes and have very high GPAs. Their class rankings are high as well. They have applied to many different schools and are getting minimal financial aid, which I find really unfair considering they have worked so hard in school. Now, here’s the controversy. The friends I’m referring to are white as well. A few black students at our school (with much lower GPAs and not as many extra-curriculars) are easily receiving scholarships (I know because they have bragged to me about it). Everyone at our school’s family hovers around the upper-middle class, so it’s not a financial issue that is allowing them to get the extra money. I think it’s ridiculous that they are immediately accepted into schools and receive so much help in paying for their tuition. I mean, sure, a university wants to promote it’s diversity, but how unfair is it to expect those who have worked so hard in school to just throw away their achievements and have to pay for everything out of pocket? I mean, my parents can’t afford to send both of my siblings as well as me to college for four or more years. It gets too expensive. I’d get a job and go to school as well, but I want to be a doctor, and the coursework will be hard enough without the distraction of an on-the-side career. Anyway, my question is, how is it fair that blacks get money for school, and whites don’t? What about those who live in the ghettos and get to go to Ivy League schools FOR FREE because the government wants them to “rise up despite their troubled past?” I’ve been met with many struggles in my life. My grandparents immigrated to the United States, both with elementary school educations. They were poor and had to raise four kids. All four went to college, but they didn’t get any financial aid. What’s up with that?
I meant to add to my comment about my grandparents that despite the fact that my grandparents were poor and uneducated, my mom rose up on her own to finish high school on the honor roll, and to get her Master’s degree at a college. She didn’t need to government to wave incentives in front of her face to make her go to school and make something out of herself. Why should blacks be treated any differently than my mom was?
Really quest4whatever? Don’t you dare say anything about me being racist. You don’t know me. I’m saying, in my experience, I see a lot of kids from what are considered “ethnic” backgrounds getting a lot more help than your plain old white person. How about this? I’m EUROPEAN! I am very proud of my ethnicity, but I don’t get special treatment because I hail from that region. I never stereotyped a whole race, I just said that from what I’ve heard, more black people receive help than whites. Don’t play the racist card. I’ve been treated poorly by “ethnic” people everywhere I go. It seems if you’re white, you’re automatically labeled as a “racist” and people treat you differently. It’s unfair. Plus, I’m a kid, and you won’t treat me with disrespect because you think you’re older and wiser than me.

richmama answers:

You’re absolutely correct in your observations. I was in the same boat a few years ago. I’ve always been an active volunteer, I had a 4.0 in high school, a 4.0 in college, and now I’m in the first year of medical school. I’m a white male with parents in the middle class, which is terrible for scholarship opportunities. I was just as frustrated then as you are now when I found out that minority students were getting the financial support to continue their education, while I had the stronger resume and was left with nothing. It should be equal opportunity where the best students, regardless of race or gender etc, are rewarded. If you are planning to go to medical school, be prepared to go through the same frustration when looking for support there. Years and years of hard work have left me with debt that will take decades to pay back.

Donald asks…

What’s your opinion on someone who calls another “white trash” ?

A relative [non blood] got mad at her kids for watching this cop program which had some ppl involved w/criminal activity etc. Of course they were unsavory characters, though I’ve heard her using this term before “white trash” when she was talking to her son about someone he knew. He glanced around to see everyone’s reaction to such anger in her voice using that disgusting phrase again. Doesn’t sound as if she thinks she’s better than others overall?
She once acted as if what I did for living was somehow unworthy–I was all happy about this merchandising/sales rep job, and she stuck her nose up in the air as if she didn’t want to hear about. Also once she referred to me as a “manager” at the time when I OWNED/operated a cafe’. Another time she some how found out I was artistic, majored in commercial art and was very good at it. Guess MIL told her. So she suddenly displayed her artwork in an easel in the guest room we spent the night in during one visit , LOL !!! xD
Is she too much or what? GeeeeeeZzzz!!! Gee willikers, –never met anyone quite like this one, lol!! xD
SHE TRIES TO ACT LIKE SHE HAS MONEY [in attitude] however she’s only a nurse [whoopty-doo]. I know 2 millionaires who don’t act even half as snotty as she does!

richmama answers:

We are all children of God, and He did not create trash. Some people lack self-respect and act in ways that could be considered trashy. That includes people who put down others in a futile attempt to lift themselves above those people. In my experience, it sometimes helps to give them the praise and admiration they crave. It costs nothing, and satisfies their need to be respected.

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