Parenting Stack Exchange
Parenting Stack Exchange

Questions tagged [money]

Family finance, and how children learn to handle money.

Family finance, and how children learn to handle money, including their own allowance or pocket money. Please note that the Personal Finance and Money StackExchange site may be a better choice for topics relating more to finance than parenting.

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6 year old son gives money away (to parent, relatives, friends)

My 6 year old son has a bit of cash. Not much, like around 10 €. We don't give him pocket money yet, and he got this money by 'chance', for example he can receive the money when we empty the pocket of a pant before washing it, or if he returns back…
Guillaume
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Is it fine for parents to ask for allowance from children? How to do it tactfully?

Most elderly folks do not have an income. The children's education cost a bomb and have injured their retirement funds. In traditional Asian societies, it is a norm that children repay their parents after they start work. I am not sure if it is fine…
user4576128
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How can I teach my kids to be less egocentric?

My older kids (9 and 12) can be very me-centric. For instance, we recently won a small amount of money from a contest, my now 12 year old immediately suggested that we spend the extra money on his birthday. Anytime he thinks he can convince anyone…
PearsonArtPhoto
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What age should I encourage my kids to start working and earn his/her money?

At what age should I encourage my kids to go out and find a job (be it part-time or full-time) and start to earn some money and have a taste of what working life is like?
Jack
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Should we give free pocket money to children?

It is common for parents to give children pocket money, but should we give them pocket money for free? I am thinking: Give them an average amount of pocket money, comparing to their friends / classmates If they want to spend more, they will have…
Yu Zhang
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How can I get my kids to spend wisely?

I have been giving my kids monthly allowance to buy their food (lunch) and other school materials. However, recently, I noticed they are spending their allowance on those "gundam cards" So, how do I educate them that their allowance is for food and…
Jack
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Bank Accounts for Allowance

I am looking for a bank to create sub account checking accounts, preferably with a check cards, for my children. I would like to be able to easily transfer money into these accounts for allowance and payment for chores, etc. Also, icing on the cake…
Matt Casto
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Money for good grades?

Possible Duplicate: Is bribing children with cash incentives a good idea? Is it appropriate? Good, because action-result chain is clear? To get something, you should work; your work now is learning at school. And it feels like game (you are…
avj
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Fundraising ideas for a 10-year old

A 10-year old boy is making several trips this year and wants to help his parents with expenses, and I want to help him with that. He's already selling raffle tickets for each, which go into a communal pot, and he wants to do more. He is targeting…
miguelmorin
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Are there any concrete citations for the range of expected costs of raising a child?

Past Parenting.SE questions have asked about the affordability of having a child but didn't provide a specific estimate of what it actually costs. I found this USDA report, which estimates the cost of raising a newborn child from 0 to 18 by a…
John Feminella
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