So, after much discussion, Andy and I have instituted an allowance with the boys. I grew up without one because my parents believed in the fact that they would not pay us to do chores. After discussion, and listening to Dave Ramsey, we decided to give this a shot.
Monday night, we sat with the boys and explained our expectations. They would each be getting a certain amount (each different because of their ages), and they, in turn, would be splitting their allowance into 3 parts: Church, Spend/Save, and Bank. We also came up with a chore list of what they were expected to do. They also could earn bonus for doing things like matching socks (yay, me!). They also were made aware that we could reduce the amount for chores not done or for not being kind.
Each of our boys had a different reaction. Michael kind of gets it. Peter was psyched about it. Drew, on the other hand, was a bit disgruntled that he would have to do chores (mind you, he has always done them, but now it is on paper!).
So, tomorrow is the first pay day. Peter keeps doing extras to try and earn more. I did explain that there was a cap to the bonus, that sometimes we do things just because. He informed that he knew that and just wanted to be a help (sweet boy!).
So, that is the basic plan! I am sure I will have some great stories about this as we work out the kinks.
Do you do allowances with your kids? How do you make your system work?