, and she says she’s a big supporter of paying kids allowances.
Dr. Edlynn says it’s important to come up with ground rules based on family values as well. For example, parents may decide that allowances can’t be spent on violent video games. “Many experts advise families to divide the allowance into three buckets: spend, save, and donate,” she added. “There’s not an exact formula for how to do this, but you could designate a percentage for each bucket.”
When it comes to tying allowances to chores, Dr. Edlynn says there are pros and cons. But she advises parents increase both with age. “Older children should have more chore expectations and be able to earn more money as part of gaining responsibility as they mature,” she explained. “This also gives younger children goals to aspire to as they watch older siblings do more around the house and earn more.
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