Allowance system for 8 kids! What we pay, chores, teaching kids about money + more! | Jordan Page
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- Опубликовано: 19 дек 2024
- This is our SUPER SIMPLE allowance system that has worked incredibly well for our family, hope it gives you ideas for setting up a system for your own family! How do you do allowance? Be sure to share in the comments!
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I'm mom to 8 adorable and busy kiddos, nacho enthusiast, Utah transplant (and biggest fan!), and your new budgeting, productivity, and frugal cooking bestie! Truth be told, I suck at budgeting. I don't really like to cook, and I've got raging ADHD. But...I've cracked the code and figured out what works for me, and love sharing my tips, tricks, and methods with YOU! I started The Page Company with a goal to build stronger families, by helping you tackle your overwhelm...even amidst the chaos 😜! You might have seen me on TLC, The Today Show, Rachael Ray, Good Morning America, Dr Phil, Inside Edition, and more. I have over a decade of free content here on my RUclips channel, as well as my two blogs, and also have a shop filled with products I personally invented/created/designed to make your life MUCH easier. Check it all out here: thepagecompany.... So happy to have you as part of the Freebs Nation Fam!
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This style of editing (less pop-ups) is much better! Thank you!
IDEA: Update all your greatest hits videos. So much evolves over time.
Love this idea!!
My mom has been doing the same allowance since I was young… I am 30 years old now and I will always buy from thrift stores I have traveled to 39 countries, and I have a beautiful home. You are parenting RIGHT love your page!
Learning how to manage money in childhood is a fantastic skill
We never got allowance growing up. But my parents bought all our things until we got a job, then we had to pay for our wants ourselves. When we got a full-time job, my parents started charging us $200 rent monthly to help pay the house off faster. We didn't know when we paid it, but they were actually saving that money for us and paid it back when we moved out! Mine ended up being about $7500. It was a huge surprise, and I was able to add it to my savings. Paying rent also taught me to save my money from a young age. Win win!
I would love to see a new clipboard system video. I think a couple of my kids might be old enough for this now.
Please do a video on your cleaning zones and updated clipboard system! We have recently moved and I’m feeling like it’s just me running around keeping extra rooms tidy! HELP A MAMA OUT 😂
I got about 10 euro a month from my folks back in the 80s. My mom said it was extra, along with the basics like food, shelter that I got from home. I was expected to pick up after myself and pay for things that weren't covered with the absolute basics. If I wanted something more expensive, I was expected to save for it, from my allowance. I always managed with what I got. I also got a little bit a week from my grandparents. I saved birthday money. I was such a huge saver. Then when it mattered and I got to something I *really absolutely loved* I was able to get it, and have something left even. I always was that kid that asked for money for birthdays. My mom is a child from a 10-kid home. There are a lot of grandkids in our family. The times we all got together in grandma's (huge) yard for the summers? Priceless! You can't buy what you learn from each other anywhere. Family is so important.
My eight-year-old son saved $85.00 for some Leggo set, he was so proud of himself.
YES to the updated clip board system video, please!
I love that you are teaching this!! It's really about learning how money works. The game Cash Flow is also really great for teaching how money works as well! It's not taught in schools (some would say that's done on purpose to keep us in debt!) but not learning it is really a disserve to kids and detrimental to their futures IMHO! Props to you for being proactive!!
I started mowing with a standard riding lawn mower when I was Hutch's age, and I remember using it as a learning tool when I started driving a few years later. I actually agree with your allowance system according to the child's age, much more reasonable. And yes, if they want something for themselves they should be the ones to pay for it, but it also teaches them the value of money for the future. Keep it up, you're doing a great job with this system!!!
This will be so helpful for others and helps to raise financially responsible adults. We did almost the same thing. We had to take ours to the bank every week, back in the day, and they were able to keep 1/2 their allowance and then they had to deposit the other 1/2 into their savings account. They paid for their own cars at 18, at 16 they drove ours. As married adults, they were each able to buy a home and now raise their children in the same way. 💜👍
So you mentioned that your kids have jobs on ninja warrior does that mean that the kids featured in your videos get a portion of earnings for their part? It has always intrigued me how family RUclipsrs decide if/or not their kids get paid for being in their videos because they are “working” especially for the videos that are heavily focused on your kids. Like back to school shopping videos etc…
So i just started giving my kids allowances for the same reasons you mentioned and also run it in a similar way. It was fascinating when my daughter came grocery shopping with me and wanted a magazine and i told her she can buy it with her own money. She really thought about if she wanted it when she saw how much it cost.
I applaud your parenting methods as an adult who was never taught how to spend and save money. I grew up poor and never asked my mom for money because I knew she had nothing to give me. As I grew older and got a job during college I finally had money to buy the things I never got to when I was younger. I dropped out of college for a few years because I got consistent income, however I never saved and spent everything. Now as I’m reaching my late 20s I have to relearn my spending habits and relearn the value of money. I’m back in school to get my BA next spring to get a better paying job to make more money that I’ll be able to pay off my student loans, invest, and save. I wish I had a mom like you who is teaching this important life skills at a young impressionable age. Do some of your family methods seem strict or unfair, personally kinda but your preparing these kids for their future. I don’t plan on having kids of my own but I do think your channel teaches some good life skills to people like me who didn’t grow up in a family who raised them to be functioning adults. Thank you for sharing your family’s methods! And I say that as sincerely as possible.
Lower budget advice:
I agree with everything Jordan said, but sometimes its helpful to see what a family with less money does 😊. So we have 4 kids (13, 11, 9, and 6) each kid gets $6 bi-weekly. $1 is tithed to the church (it's important to us to model and teach that from the start), $2 goes into savings, and $3 is for spending. We used to skip savings because we just didnt have the funds. We'd love to eventually be able to give more to savings just like Jordan does, but financially we arent there yet. $1.50 a week sounds like chump change, but my 9 yr old has $83 right now because she saves... It's really not hard for them. They have blown their money on gum and quarter machines, but bit they quickly realize they cant afford the big things. We don't buy our kids toys throughout the year. So outside of a special holiday, if they want something they have an allowance.
Thank you for sharing! As a child I got $3 a week. $1 for college, $1 for big things, and $1 for little things. And even that added up.
I love this, thank you.
Yes, I would love an updated video on your clipboard system. Your oldest is around my middle child. So, it would be great to see an idea of how your clipboard chart will look like upcoming ages 15-18. Thank you. So much information in this video.
One of the best video! So much knowledge in such a short video. Thank you for that! I will definitely check it out again once my daughter is old enough.
Love this! Would also love updated videos on the family store, 70% rule & 7 bank accounts please!
Definitely would like a video on the cleaning zones
What a fantastic video thank you I will definitely be speaking to my husband about implementing this! 😊
I would love to see the updated clipboard system!
Great video, very helpful! Would love an updated video on clipboard systems, cleaning zones and anything else kid related 😊
Love this soooo much!!!! Please make an updated video of the clipboard/ chores 😊
Love to see you got the Skylight calendar! Can't wait for mine to arrive next month. Would love to see a review video about how it's working for your large family. Really hoping it's a game changer to tracking chores for my 7 kids better than just the list system.
We do our allowance mostly how you do it, probably got it from a past video but really like the idea of greenlight bc going to the bank and dealing with cash is such a hassle. I will definitely be looking into that more. ❤
I would love to see all of your extra videos you mentioned... Zones, budgeting, and there were some others...
I like the want not a need idea!
I would love to hear more about the clipboards
yes please make video of their chores and whats expected! I'm trying to make a system for my kids now!
All of the videos! The allowance/chores would be awesome. I struggle!
What a great topic, thanks for sharing with us. Would like an in depth budgeting breakdown. Your videos are inspiring.
I’m 18, so my mom gives me allowance every month, I can use it on whatever I want, but if I need clothes I am responsible for it myself, I do get occasional money specially for clothes and sometimes my mom would be a piece of clothing. She buys my monthly necesities, and I have a teeny tiny small business that gives me a little bit of money as well, but sometimes business is a bit slow😊 I do wish I started contributing to savings earlier, as I used to spend ALL my money every month….oh and last year I really wanted guinea pigs, and we already have dogs and cats, so my parents said that I can only get them if I use my own money to purchase their food and any accessories I want for them. My dad luckily did build me a big cage, so I didnt have to budget for that. But oh my goodness, all the blankets, waterproof pads and hide outs can cost a lot, especially since you need to change them out, so you need at least two sets of everything. I also help my little brother with his schoolwork which is why my allowance is a bit bigger. And we also dont really get paid for general chores, we are responsible for a few things daily
Love this, thank you!! I would love to see an updated clipboard system. I want to start this with my 7yo this summer but idk where to start!
I would love an updated clipboard system video!
Can you do a video on the skylight calendar?
Fantastic video, thank you!
I love the 70% saving rule. Very helpful.
Yes, thank you!! Ugh so annoying!!!
Definitely would love a zone/chore video. Also, how to budget for groceries!!!! I know you've done one but an updated one would be awesome.
Thank you so much for this video Jordan....changing up our allowance world!! I appreciate you!!! xo
I have to say this is one of my favorite videos that you’ve done. As a teacher, I often find students who don’t know how to clean up after themselves cause they don’t do it at home and I think teaching them those skills early on is a great idea.
Also, I love the idea of teaching children how to manage their money. And the difference between a want and a need. This generation in particular needs that lesson more than ever.
I never got an allowance growing up, but also didn’t receive a proper education on finances. As an adult, I had to start from square one. I love Jordan’s approach!
I would love to hear more about 70-30 % rule for expenses 🤩
Me being a mom of 10, we do allowance. We pay age per month. But this gave me so much more info. I’ll definitely look into Green light
Great....same amount as Jordan❣
I definitely would want an updated task list video. My kids are 8,10, and 11. They NEED to help more bc they always are asking for things, and I want them to learn that dollar and the value it has.
Would love to see an updated clipboard system!
I would love to see an updated clipboard system video
I really needed this as a Mother to 4 sons ❤
We also teach our kids about investing when they get their allowance. We call it "money jail," because the money is stuck there and inaccessible, but while it's there, it's growing, so when they are able to use it, it will have grown to a larger amount. (We have it in our local college fund system.) Sticking it in savings is wasting that opportunity because it earns a pittance in interest instead of a useful amount.
I pay out allowance monthly at the moment, and our system is 10% for tithing (or if you're not religious, find some good cause and donate there), 25% for money jail, and they get to keep the last 65% and do what they want, whether that's save up for a bigger item or buy cotton candy at the dollar store.
Please provide an update on the chores and education summer activities for the kids! My kids are just starting to do this, and I appreciate how clear you make it.
Brilliant! Thank you for sharing this.
Thanks for the ideas! Was that a Skylight calendar you were using? I’ve considered using that for our large family-would love a video to see how you utilize it to see if that investment actually suits our family’s needs or not 😀
(And does it connect with Greenlight, or are you manually adding the “extra” chore money into Greenlight when they do a job?)
I’m curious about this as well! We are looking at the skylight calendar as well
I would love to see an updated clipboard system video Jordan 7:12
Please do a video on the Skylight calendar. I have one coming the end of this month and I'd love to know all the best ways to use it.
Do you link the Greenlight app to your skylight calendar for the chores or the chores on the skylight is separate.
Interested in the digital approach to the clipboard system. What apps do you use for that?
I don’t agree with everything you are saying you don’t pay for, but everyone decides what they will do for their child. I would definitely be paying for a team jacket and yearbooks. To each their own though!
I agree!! I pay for some of my 13 year old’s wants like a yearbook or a fun nail polish because she doesn’t need to be in “work mode” every time spending happens. Sometimes it’s just fun and we bond. Personally, I would have trouble having the relationship of being a provider there for their needs and put their wants in their hands. It’s a tough balance and to each their own. This just isn’t for me.
I could see your side. But when I was a kid, my parents couldn't afford either of those things you mentioned. We never got allowance. If I did receive allowance, I would have absolutely saved for those things you mentioned.
Yeah but the kids are getting a weekly allowance, parents are basically funding it anyway. It’s just like parents not giving an allowance but paying those things. In the end, I think the kids still come out ahead.
@mins2midnite she can afford it though that's the difference. She's always been cheap and selfish.
@@houseofbowsYour comments indicate you have a real problem with her. Blink twice if your kidnapper is forcing you to watch her and you need someone to call the authorities.
Great tips..I like the chore systems
We have always had certain chores that are required like making their own beds and cleaning their room plus help with other things. Allowance is for things not normally their responsibility like when I need help with things I can no longer do easily. I’m 67 raising grandchildren. And there is on rare occasion pay or treats for helping do difficult things. Like above and beyond normal. I also pay on rare times when I notice a child doing additional work or helping a sibling or being extra kind.
This is probably the most logical allowence system I've seen for kids and though I'm not a parent, I've thought of using a similar concept for when I do. I never asked for money as a kid as I knew my solo parent Mother (who was legally restricted in work hours bc she had caregiver responsibilities for my elderly grandmother.) In my country you can claim money from the Government for providing care to a relative who needs it, but the amount of money you can legally earn at your job is capped and if you earn even a penny/ cent etc over you are not paid that government money at all for that month so money was very tight for us. I wasn't given an allowence from my mother and if it wasn't for my grandmother giving me x amount of 'pay' as she called it, every week I would have had no spending money at all unless my mother gave me money, and I was not going to ask her for it. I'd ask her to buy me shampoo, conditioner, body wash, toothpaste, deodorant and period products, but I never asked her for anything other than the cheapest I could find (in all honesty, where I live the grocery store own brands work just as good as name brands 9 times out of 10) and if we were out and she wanted to buy me something I was going to buy with my own money (a book, a lipstick etc) she'd have to talk me out of buying it myself because I didn't want to cost her money. I didn't have chores beyond doing the dishes, vacuuming or doing my laundry but that was primarily because I had such a rough time with school chores more developed than that or a paid job would have been too much for my mental health and since she had to spend a lot of energy on my grandma; essentially running 2 households; I wasn't going to send myself into a spiral and stress her out even more. I don't think I'd force a kid to get a job or maintain chores if it negativly impacted their health but I'd see that as allowing themselves to set boundaries for themselves; if they need to focus on school because their cup is full just with that the vacuuming can wait. I saw a lot of my classmates struggle with balencing everything because they'd have their allowence docked if they didn't do their chores because of homework or failed to do homework because of chores so I wouldn't wish that on them and I wouldn't dock allowence based on that if that was the case (and I'm sure you'd make exceptions for that too, if your older kids have to slack on chores due to SATS or whatever I'm sure you'd not dock allowence because their energy is better spent elsewhere for a few weeks) because they're kids, and even adults struggle with the plate spinning from time to time so why would we punish our kids for something we as adults haven't even mastered yet?
Thank you for sharing! I would love to see a vid on zones too yes please!
Yes please mame a video on alll the chore info!
How much are you paying them for appearing on your videos. RUclips is work too and i dont hear you mention paying them for that
They’re probably putting that money aside for them- not giving them thousands of dollars to spend every month.
That is none of your business
@@LeahFairfield oh yes it is my business. She has made her and the kids lives our business, so it is.
Also, you clearly didn’t learn anything from Rubi Franke
Clear back when I was 18 I got my first credit card that was a JCPenny card. I knew I was being charged a percentage each month if I had a balance, but it took several years before I found out that the percentage was a dollar amount that was added on to the balance each month. So for sure I want to teach that to my kids. 😊
YES PLEASE DO MORE MONEY/BUDGETING VIDEOS! (For adults)
Jordan, please do a vid on the 70% rule
I didn't grow up with an allowance so this whole thing is new for us! Our daughter is only 4yo, when do you recommend one start with an allowance?
Where is the link for the clipboard system/digital system
Please do another video on staying fit/making time to work out. Thanks!
DAIVYYY ITS INDIE FROM SCHOOLLL
Yes to an update clipboard/zone video!
Absolutely love this!
What happened to the family store thing with the tickets?
Day in the life!
Is there a promo code for Greenlight?
can you do the clipboard on the green light app
Great tips!
Can you make any recommendations for apps like green light for Canadians?
I have been trying to get my 12 year old to follow your clipboard system for years. He has ADHD and high functioning autism but is super smart and capable. He has succeeded in small amounts but it's a constant source of tension because he just ignores his responsibilities and then I feel like the worst mom in the world when he says, can I go to this activity and I say maybe next time. Are there any tips to help challenging kids better meet their daily goals? We have also been doing allowance or actually a coin system for years because he has a collection. By the way, I Love your nails!
I love the ideas🎉
We need these links.... Clipboard list, etc
How often does it happen that they don't end up earning their weekly allowance? Is there any leeway? Like if they miss one day a week? Thanks for this great video!
I was thinking about doing it in cash so they can see the tangible amount in their wallet but it wouldn’t be as easy to manage. Thoughts?
We have been doing this same 1/2 your age system for 2 years in cash. My kids are younger and I want them to have the concrete concept of money before the abstract of the digital. We have Share Save and Spend boxes. Depending on their age, they have to contribute a certain amount to Save And Share. The rest they can divvy up however they wish. However, if they put more than the required in their Share box, we match it, as we want to encourage charitable giving and thinking of others. It’s been working well! We don’t pay for toys anymore!
You are amazing ❤
i Know Priya and Hutch From Ninja Kidz Tv They Are Awesome Big Thumbs up 👍🏻
Love it family values and what neat
Where are the links for clipboard?
I can't find them either!!!
Here they are 🤗 funcheaporfree.com/the-clipboard-system-for-homework-chores-screen-time-and-more-free-printable/
Would love a budgeting video
Please do an updated clipboard/digital chores video!!
do the kids need to have access to their own screen with greenlight? None of our kids have phones so how does that work?
Question: what about prom? Are you making your kids pay for dresses/tux? I grew up in a family where money was super tight and I didn’t get even the basic things for school. My grandma bought my dress for prom. As parents will you buy school event needs?
I would pay for the ticket and set a budget for the outfit. If they want to top up my budget with their own money they can. They can also split the cost of a limo with their friends if they want to get fancy (taking a limo to the formal dances is common in Australia, I don’t know about where you are) but otherwise I’m happy to drive them!
Updated video please! Love this 🎉
Enjoyed this! Thanks for your perspective!
What’s your plan for deciding all the extra-curricular “wants” your kids have?
What boundaries do you put on that, for schedule, driving, cost, etc, whether it’s sports that cost $500 or a school event (want not need) that might cost an extra $20 or $50?
What happens when they don’t complete their things for a day? Do you subtract for the allowance amount that you’ve set?
Are you paying them for being in your videos?
I need help deciding which chores to pay for and which chores should just be a part of being a family
Can you do a video on screen time
So ur oldest gets 7$ a week bc he’s 14?
what is the min age of kid when you start giving allowance?
Answer was in the video of you watched it
We dont do allowance with our kids, but your rationale makes a lot of sense and i love the needs vs wants split. We teach our kids to save, give and spend in 60%, 10%, 30% amounts respectively as well. Our oldest has a fulltime job this summer and our second is working Saturdays. Im thinking that making that transition to wants spending being their responsibility is something we should start.