Comments on: Part 2 – Starting an Allowance

By: Erotikshop

Erotikshop — Fri, 14 May 2010 17:01:11 +0000

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By: AnnieA

AnnieA — Mon, 02 Mar 2009 23:48:56 +0000

Jackie, have you tried searching this site:

http://www.campbellkitchen.com/

By: Jackie

Jackie — Mon, 02 Mar 2009 22:12:02 +0000

I desperately want the recipe from the Campbell’s commercial! Anyone have it?! I have searched online for 2 hours to no avail….
Thanks!

By: Marie

Marie — Mon, 02 Mar 2009 18:46:03 +0000

I think that one think that Gail hints at (but should be spelled out) is that the allowance should be towards fulfilling BOTH some needs and wants as the child grows in order for the child to learn the difference while managing money. Grantedm it will be moslty wants for a 5yo, but a pre-teen an teenager can learn a lot if faced with a choice.
This makes an allowance tha TEACHES something.

By: Melaniesd

Melaniesd — Sun, 01 Mar 2009 17:04:59 +0000

Lexi: Well said.

Jade: I understand your point of view, but I do think chores should be a responsibility as part of the family. Perhaps extra chores can earn some extra cash?
As a child who did not get an allowance, I didn’t learn how to handle my money. It didn’t help that I had a parent who didn’t/still doesn’t know how to handle money.
When I was old enough to babysit, I earned money – but I spent it faster than I made it because I didn’t understand the importance of budgeting my money to last more than a day, but also because I didn’t have a regular cash flow to allow me to get what I needed/wanted.
Even when I started working thru high school, I was broke before my next pay day. I hope I can break that cycle with my son.
I did chores around the house because I had to. It helped me a lot as I matured. If I had a dollar for every teenager I worked with who had no clue how to sweep or mop a floor , I’d have a maxed TFSA! lol!
Parents do not do their kids any favours by doing everything for them.

By: Lexi in Victoria

Lexi in Victoria — Fri, 27 Feb 2009 17:42:27 +0000

Gail, you’re brilliant!

Jade, just to add to Gail’s response: No matter what, you end up giving the kids money – for movies, birthday party gifts, special events at school, whatever. It is unavoidable. With an allowance, you get to set a limit on how much you dole out and the child learns to choose what is important.

This actually fosters more personal responsibility (and less of a sense of entitlement) than pure “work for money” types of allowances. Trusting them to make decisions (and mistakes) fosters a sense that they can trust you. This becomes extremely important through the teen years and beyond and not just for monetary reasons.

Parenting side note- sooner or later, the kids will decide the money is not worth it and they won’t do the chores. “No chores, no money” implies that they have a choice about chores – this may not be what you want.

By: Canadian Personal Finance Blog » Blog Archive » Random Thoughts

Canadian Personal Finance Blog » Blog Archive » Random Thoughts — Fri, 27 Feb 2009 11:29:12 +0000

[...] Vaz Oxlade talks about an important topic for me Starting an Allowance for kids, something kids need to learn [...]

By: Rachel

Rachel — Fri, 27 Feb 2009 02:24:31 +0000

Gail,

Love, love, love the fact the fact that you are doing a show for singles!!! Can’t stress that enough. Most of the stuff I find is for couples and this will just be great!!! I think I was probably living much like a “Princess” myself and thank goodness, with your help, I saw the light!

BTW I will be credit card debt free TOMORROW!!!

By: Gail

Gail — Fri, 27 Feb 2009 01:07:58 +0000

Jade, I couldn’t disagree with you more. When you tie chores to an allowance, you’re teaching a different lesson. I’ll be covering this in a future post. But an allowance isn’t for “nothing”, it’s to learn how to handle money. Paid chores is to learn how to work for money. They are two separate things. Stay tuned.

By: Jade

Jade — Thu, 26 Feb 2009 22:38:49 +0000

Hi Gail,
One point that I don’t think you stressed much with the child allowance – this is my opinion so take it or leave it…I think children should realize that they’re not getting an allowance just because they’re alive and therefore deserve money. The allowance should be tied to chores. Everyone has to work for money. That’s the way I was brought up and that’s the way I have remained as an adult. As a working professional, I see a lot of very smart people think they “need” or “deserve” something (eg. a new car, expensive clothes, etc.) because they are who they are – just because. So, they use a credit card to pay for things and then complain that they have no money. Well, it’s because they didn’t really “work” for what they bought. I’m wondering if this stems from their relationship with money as a child? Just my thoughts.

By: Colleen

Colleen — Thu, 26 Feb 2009 19:19:20 +0000

Saver Queen… it has been airing on Slice.

By: Saver Queen

Saver Queen — Thu, 26 Feb 2009 18:45:14 +0000

PS what Campbell’s soup commercial?

Gail did a Campbell’s soup ad?

Where can I see this?

By: Saver Queen

Saver Queen — Thu, 26 Feb 2009 18:44:30 +0000

Yayy, i’m excited for the new seasons of TDDUP – i’ve been in withdrawal since i’ve watched each existing episode about 100 times on slice.ca. I can’t wait to see the new Princess show. Gail will be slapping people back into reality left, right and centre. Erran – good question. i hope the show includes both genders too.

By: Erran

Erran — Thu, 26 Feb 2009 16:39:26 +0000

I hope Princess doesn’t focus exclusively on females. Sounds promising though and can’t wait to check it out. Is it slotted for Slice?

By: Colleen

Colleen — Thu, 26 Feb 2009 16:30:40 +0000

Looking forward to watching season 6 and 7 this year. But, I have a question.

Given the economic climate and the disappearing jobs, will your final season that you are getting ready to film be taking that into account?

Often you instruct couples to earn more money. Of course. Makes sense. But I don’t know how easy that would be these days.