My daughter is at present 5yo. She has house hold jobs. I bought her a small electric vacuum. - Make bed (5yo standard) -vacuum -feed chooks -tidy lounge toys. She is paid $5 a week for her efforts. But looses money if she doesn't do it. She loves helping me. She wants to wash up her dishes, takes the toilet rolls to the bin for me. We have a school banking system with the commonwealth bank here in Australia. She banks her money every week. --------------------------- She also does exactly what he said, she takes to her plate to the sink, she wipes her part of the table down and cleans up ect. I want my child to be the respectable, honest, helping. But she is still a child, she can make the biggest mess and I will help her tidy up of course. Somedays she is being a true 5 old and having a bad 5yo day so I have to parent accordingly and not treating her like a 16yo ----------------------------------------- But we sit together and read books, we watch movies together, she plays outside in the dirt with the chickens.
I'm an only child, and my dad would always get me so many toys as a kid. And one thing that I can remember from long ago (I'm unsure how I still manage to remember this), is that he said to me: "Make lots of money when you grow up, so you can buy all the toys you want." He didn't give me an allowance, but he taught me how money is valuable and what it offers. P.S. He mostly gifted me on birthdays or whenever I had great grades. It wasn't random gifting out of nowhere.
I never asked for an allowance as a kid. My parents paid for my food my clothes school fees etc. the least i could do is take out the trash and clean up around the house and help with pretty much anything my parents needed my help with
I have heard a lot of parents say, "I just want my kids to be kids. They have the whole rest of their life to work." Well, that's great in theory, but kids need to be taught skills like this when they are kids. It's like Dave said another day on his show, "I don't want to raise great kids. I want to raise my kids to be great adults."
Nicole Spaeth they use the same excuse for not teaching their kids life skills like cooking and cleaning. Then they're surprised when their 18 year old doesn't know how to do laundry.
+master my mom never taught me how to do it, but after watching her for my childhood I know how to do it as an adult thats not always true. But no one watches other people work so kids have to work (not do chores) as a kid if theyre going to learn.
Exactly people think they can just keep their kids from growing up and instead make them big baby adults who can't do anything for themselves or can't cope with life.
@@mastersnet18 as someone who has been raised by parents with the “i want my kids to be kids mindset” my mum allowed me to help her do laundry if i wanted and i learned from that and i also learned how to cook by baking cookies and scones with my mum. So it really just depends
when I was kid we had a small allowance but additional money could be earned through extra work, there where also jobs that had to be done regardless and didn't receive payment
My parents never gave my brothers and I any allowances, or commissions for cleaning our room or toys for Christmas or anything like that, we didn't have consoles, or cable television. As far as I knew, we were dirt poor... so during the last year of elementary school my sister an I started our own business... she made bracelets and I sold them for about 50 cents mostly to the mothers of other kids. We saturated the market rather quickly though and made like $100 in a month which was a lot for us at the time. It turns out we weren't dirt poor, but that my dad was investing 2/3 of his income in real estate and was paying 7 properties simultaneously.
I used to do lawn maintenance for my family and others around my neighborhood. As a first generation immigrant, it was an easy/no excuses way to raise money for myself and the family. I'm a tax lawyer now, but I plan to have my kids mow lawns for money. When you realize you are that low on the totem pole, not much is above you. On another note, I get the sense Rachel is a bit silver spoon, wish the advice came from someone else.
As for Rachel, you have to remember she was a very young child when her parents were in bankruptcy, so she grew up learning the path to wealth along with her dad.
I grew up on a subsistence farm. I learned first hand if one does not work, one does not eat. The first year we were on the farm, we did not plan well for a late frost and a large percentage of our chickens died prematurely. That winter, we went hungry quite a bit. I was a harrowing experience. We did not make the same mistake again. My parents also paid my brothers and I for our grades at school. The higher the grades, the higher the wage. Failure was never rewarded with anything other than encouragement to rectify the failure.
I wish all jobs were the kind where the harder you work the more money you make. There are plenty of jobs that are filled with nothing but lazy managers and hard working employees that are never promoted. On top of that the managers hire their lazy friends and pay them more money than those hard working employees that have been working there for years.
Hmm, well I hope you found a better job by then. When wh're in a company with no recognition for our efforts, I think the minute we realise it, the minute we start looking for a new job.
allowance to me meant salaried. I work a lot or a little and my 5$ allowance was the same. it taught me that you always do your work and to manage limited resources.
I had a “commission” but we did call it allowance. Chores always on the weekend and bring in the grades. I got freedom to go out with friends after saving up. $40/wk, spend $20 on food and save the coins in a jar. By the end of the semester I’d have a nice $100. Made me love saving every nickel and dime.
My allowance was also food, clothing and shelter. I decided that wasn't enough so I went to the local party store at 14 years old and asked for a job. I earned $1 an hour back then and have been working ever since. But not at the party store, a buck an hour just doesn't pay the bills.
I love my parents (and my dad taught me well), but I didn’t really “get it” until those times where I had to buy stuff myself. When I was young and bought a Sega Genesis, my dad didn’t punish me by taking it away because I BOUGHT IT. When I got older and didn’t have toilet paper, I learned it’s not a given condiment (like ketchup). You actually have to be able to afford it or... you get the idea.
Love love love this. I tell my children I don't owe them anything. I feed clothe and nurture them from I was pregnant. They have no needs. So if you want money to go out with friends or to buy extra clothes they have to earn it.
I started babysitting at 12 and managed this money I worked for. But for allowance at home? ahah forget it. Doing chores as a kid is just doing your bit in a household. Why would you give money to kids for cleaning after themselves? All kids can participate. Don't get me wrong I got once in a while some money to go buy an ice cream or candies but it was never automated nor expected. My mum always sent me to the store to buy milk and bread and gave me money. I always had to bring the correct change. I couldn't myself buy something for me unless she said yes. But once in a while because I always came back with the correct change she would give me a bit of it to treat myself. I just never knew when she would be generous and that was a great thing.
stefanie doloreux I agree. I never got an allowance. C leaning up after yourself and doing chores us a part of daily living skills. As a teen, I worked part time to have spending money and to save. That means I actually had to fill out an application, interview, get the job, then do work and be responsible for showing up.
Yeah thats how my mom was as well. Sometimes I even had to use my own money to buy things she wanted. She eventually paid me back, but at the time I didn't know she would. I think it teaches children to support their freidns and family when they need help and to be a good person.
Sarah Shiver Ramsey ‘Don’t let your adult kids live with you so they can save for house etc, but i’ll hire my daughter and pay her 6 figures’.....yah that’s real independence lol
Big Red what's wrong with that? She's still working for her money. At least she's not sitting at home with her parebts, not working and expecting everything for free.
I never got an allowance growing up, but I wonder how I would have turned out if I did. I mostly made money as a kid helping kids cheat on their finals or selling notes depending who was teaching.
I got an Allowance. It wasn't set, it was whenever my mother chose to give it. I never asked for it, but I certainly never said no to it. As soon as I reached the legal age of work in my home Province of Alberta, Canada, I began searching for a job.
LOVE the commission idea. BUT kids cutting grass, raking yards, lemonade stands...... SOMETHING that requires initiative and NOT MOMMA AND DADDY"S Money.
For me, I would pay my (hypothetical) kids for anything that I would pay someone else to do. Like babysitting younger siblings, lawn work if we could afford to pay someone (unlikely but possible), washing the car. I don't believe kids should be paid for basic housework and picking up after yourself. And yes, they should also be encouraged to earn money outside of the house. Mowing lawns, babysitting, dog walking, etc teach kids important lessons, like how to work hard for your money, how to negotiate wage, how to deal with potentially difficult bosses/customers, how to self motivate.
Ohhhhhhh my goooooosh!!!! this is what I do with my kids but I called it allowance. If they do housework that I would have to pay someone to do it, they get money. And, it is according to the chore/job -if the child does a bigger jog, then gets paid more. No allowance/commission if you did not do any thing. And, NO money for cleaning their room, making their bed, etc. because their room is their 'house'. I don't get paid for cleaning my house -neither should they. Also, money for each chore/work is according to the type of work. That way, the children learn to assign value to what the item/work is worth; NOT by how much money they have/get. Thank you
Housework should be something they should be doing already if your household isn't old fashioned. Mine was old fashioned and my mother did everything. I will never pay my child for anything unless it's legit work (ex. I got paid for doing accounting work for my grandfather's company). I helped my dad build our house and I wasn't even paid for that because its my house too. Unless your parents aren't putting you in their will they shouldn't be paying you for house work.
Yes, this is what my husband and I decided we would do if we have kids. Basic housework would be required if they want screen/game time. You take care of your responsibilities first, then have fun. This would be age appropriate, of course, the older they get the more responsibilities they would have. We would require them to save at least 10% of what they earn in a savings account and we would match it, as well as giving 10% to a charity. They would get access to this account when they are adults and/or if it was for a good, responsible goal such as their first car, computer for school, etc. For their first job as teens, we would also encourage them to open an IRA and we would match their contributions. Of course, this is easy to say harder to implement...
@@ashleyashleym2969 That seems a little extreme. My parents didn't give me an allowance but we built a house when I was 15 and I got to write down my hours and got paid a small amount per hour. They would have had to pay someone else a lot more. Unless we can't afford it, we would also pay someone to do lawn work, deep house cleaning, car wash or babysitting so we would pay kids for that, too.
You got paid for work? I didn't do my chores because I didn't get commission or allowance. Apparently I had to do chores to stay in the house because schools wasn't enough
I asked my mom for allowance and she would never give it to me. At the time I was mad but now I'm so glad she never did because I treasure money. I see value, I save, I never EVER considered buying things on credit. I'm really smart with money thanks to never getting privleage.
The word “allowance” is misguiding, because it isn’t really allowance. It wasn’t guaranteed. In my parents home, you had to earn it, through chores. If you didn’t do chores, then you didn’t get “allowance.” I suppose changing the word would be appropriate, but I’ve always understood allowance, as an amount you’re allowed to EARN.
As soon as I was old enough to work I and my friends would go house to house and ask to do odd jobs I remember cleaning out basements and doing yard work and mowing lawns, shoveling walks all before I got a paper rout and that was at about the age of 12 I was taught work for your money do what you want with your money but understand we are not going to give you are money and it taught me how to survive in this hard world.
I sort of agree, but at the same time I don't. The kid who is always the first on the job volunteering first is not always the worker you want. Sometimes you want the seemingly lazy worker who sits back, observes, and innovates. Not always, but sometimes.
When I was ten or so, I asked my parents for an allowance. They didn't want to give me an allowance, because they told me that money comes from work. I was confused - I was using the term "allowance" the way Dave is using the term "commission" and the concept of work was being lost in translation. I always meant that I wanted to work for my money.
I would have said no as well for the same reason. What can you do as child in the States that isn't chores that you should already be doing regardless.
I would have told you to go find a job if I was your parents, go make your own money, I'm not giving you any, as long as they've provided your basic necessities and all the things required by law, you should have to actually earn the rest. Through a real job.
My parents did EVERYTHING for me. And i could ALWAYS manipulate them into not doing things that I didn’t want to. I even dropped out of highschool and continued living in the house with no job. I chose to go back and get the diploma but then I quickly dropped out of college and did the same thing. I taught myself everything I know about responsibility and work ethic. Because growing up I got none of it. Even my middle school highschool and university bent over backwards to help me get credits when I was only doing a fraction of the work if any
I grew up in a loving but strict and straightforward family and some times when I watch videos like these and hear about how other people lived there live I just get surprised as if I just discovered a new country because everything o heard Dave say at first sounded like standard everyday things I’ve heard some of the same exact things from my dad and mom growing up since I was 16 the only things my family provided was a place to sleep and food and I’m very great full for that
Another thing that helps is see others respecting parents. There is a lot of competition and disruption in those relationships in many many many families today. Even if a non-parent gives a15-year-old or younger an OLD cell phone without service... even a decade ago... he could go anywhere on the Internet in a wifi location. Life works great if everything works great! Love her comment re legalistic vs license.
My parents taught me to work and the value of money, but, not through an allowance of any kind. I reconciled our finances with my mom and I cleaned the house or I was berated.
Yes, I believe kids should get an allowance and that allowance is used a leverage to teach principles about work, money management, budget, savings, and delayed gratification.
I've known about DR for a long time, but just started watching (binging actually) his videos about three weeks ago. Until this one, I didn't know that Rachel is his daughter.
Never given an allowance, but i was paid a few bucks for each task I did as part of my chores, then they stopped paying me (without any reason) so i continued to do unpaid work (even though Inwas promised a commission, as dave puts it) and of course never given an allowance
When my teen starts to drive, is it ok to have them get a part time job to earn gas money to drive their own car to school vs us taking them to school and riding the bus home.
no. the kid had her own room to keep clean as well as her own bathroom and toilet to keep clean. she is a bit of a cleaning fanatic now. her allowance was more than the minimum wage she was getting paid. that cost more money to get her to work than she received in a wage. but she went from a C grade to all A after a year living with me. she also for the fist time learnt about public transport. and at 14 she had a key to the front door so she could come and go as she wanted. its about adult training. you teach them to make decisions young, before they can get into trouble with debt.
I don't entirely agree. Kids shouldn't be paid an allowance for basic housework, nor do I actually consider that "working". Those are skills that they need to learn how to do and be in the habit of doing. You shouldn't be paid for contributing to the household, picking up after yourself and maintaining your own belongings/room. I think that paying them for that contributes to a sense of entitlement. Framing it as working also gives it a negative connotation that makes them not want to do it. It should just be something you do (starting when they are very young helps with that) and can be made fun (races to see how much you can get done in a certain time, dance cleaning, singing while you "work", cleaning treasure hunt where you hide small treats for them to find while they clean). My parents often incorporated housework into movie/pizza night. Once a week we all picked a room to clean and cleaned as fast as we could while blasting music and afterwards we ordered pizza and rented a movie. Those are good memories for me. Now, if it's something you would pay someone else for like babysitting younger siblings or washing the car I do think they should be paid for it. And encouraged to find ways to earn money like mowing lawns or walking dogs for neighbors.
Some parents give allowance and the kids only have to spend it on toys...and that can be good! But also having them learn to budget and spend money on shampoo, clothing, and then also the fun stuff.
I actually disagree a little bit. I never had chores at home. My mom was the one and the only one who did any house work unless I was bored enough and wanted to do them. However I have a very strong work ethic, but that's because I started working when I was 11 years old and the job I had at the time was 100% commission-like as we would get tips and generally the more you did, the more you got paid but because they were 100% tips sometimes you do work without getting paid. I didn't believe a parent should be giving any money to their kids. They should be providing them with all the things they need, but no money should be given to them. It's either you teach them to do chores because its your room, your part of the house hold, or you don't. As an adult you do not get paid to do chores and I think it's unhealthy for kids to associate what they have to do with getting paid. My grandfather has a business and on occasion I do do accounting work for him and obviously get paid for it. Actual work is what the parents should be paying their kids for not chores. All of my money came from working, independent of my parents. I learned how to actually work and not just satisfy my parents. I learned how to accept unfair situations and now as an adult I KNOW how blessed I am to have worker rights and I do not take them for granted.
I used to get really sad when I was 12/13 and my father wouldn't a give me a few bucks to go to the movies not because he couldn't but becuase, well, I don't know. I would regularly help my mother as she was a stay at home mom with chores, and I would always do my homework, I don't know it really took a toll on the social part of being a kid/teen. although you can say it made me work harder later on in life but I really would be sad (crying literally ) becuase I wanted to enjoy the weekend as the weekends where heaven when you where in middle/high school
Kids get sad all the time when they don't get what they want. Does that mean I should give my 5 year old ice cream for breakfast because otherwise he will be sad and crying???? Chores and homework are things you HAVE to do, not things you get paid to do. College doesn't pay you to do your homework. No one pays you when you're an adult for cleaning your own home. I tell my kids, "we all live here and eat here, we all have to keep the house". If they want to EARN money, I will give them jobs above and beyond normal household chores. At 12/13, you can go shovel sidewalks, cut grass, babysit, walk dogs, etc. Why should your parents just GIVE you spending money?? Why should THEY work so YOU can go have fun? You don't learn to be a responsible adult by having people hand you things, and that is EXACTLY what's wrong with this generation. They all have this sense of entitlement like the world owes them something and it's because their parents and all the adults around them placed WAY too much emphasis on how they FEEL. You're a child, you don't have the base knowledge upon which to base those feelings besides what YOU WANT right this moment. Like Dave says "children do what feels good".
With my generation I just don't get it. Why would you not want to work or get out of work as fast as you can? It makes no sense at all. If you're on a hourly wage you get paid more for working and doing more. You have money you can use to buy whatever you want if you spend wisely and save. I got so many hours booked in I was able to buy my own AMG Mercedes with cash. I mean come on people.
I don't believe in allowance but when I tried to give commission for household work, my kids would expect money for things I ask them to do. However, they live in the house so I think it's their responsibility to do the chores as well. I always wonder where to draw the line? Besides that, my husband's family give the kids gift cards or money for their birthday and Christmas. The kids lose the motivation to work for my commission because if they wait, they will get money anyway.
Try making a list of the things they can do to earn money with the amount of money it's worth next to it. You could use a whiteboard or similar. Make it explicit what is just expected as being part of a household, and what is extra work they can do for money.
Sorry, but it sounds like teaching kids that you can get money for doing home chores for your family. And get paid by your parents. Do Ramsey kids work out of family network?
What if the kid was smart and forgot he did something to get on detention and they had to go the next day, next thing you know, the teacher is waiting on he or she to walk in.
Disagree with Dave about the minimum wage, many employers would pay their hardest working employees $2 an hour if they could. There has to be a basic standard!
ransom182 Then nobody would work for them, the market takes care of stuff like that. After about the first week of getting paid 2 dollars, you would go somewhere else and that company would either go broke, or catch up with the rest of the world.
No it wouldn't. That's wishful thinking - while some employers certainly would pay more than $2 an hour, there would always be a chunk that wouldn't. Jobs don't fall from the sky - there would always be a certain number of workers forced into earning starvation wages. That's insane and morally bankrupt. There is nothing wrong with basic rules and regulations surrounding employment. We're not talking about a $30 minimum wage, just enough to pay the basic necessities of life without resorting to government aid. Do you really want to go back to the 1880's? No weekends? Child labour? Lax safety standards? Brutal working conditions and insane hours? There has to be a floor of basic standards. A "free market" sounds great but there has to be a basic framework of rules that everyone adheres to. Do you really want to go back to the 19th century where banking crises and collapses happened every few years and the food and drug supply was totally unregulated and unsafe? What about environmental regulations that keep our drinking water and air clean and free from toxins? It really just comes down to common sense stuff when you really think about it.
ransom182 For every dollar that the minimum wage increases, there is a 7 percent chance of a restaurant closing. You are right, jobs don't fall from the sky, so when you allow the government to tell a private business owner what he can pay his employees there is no end to it, and there is nothing stopping them from raising it however high they want. In the places where minimum wage has been raised to $15 many businesses have been forced to either cut the hours of their employees, lay people off, or close all together. That's worse because now that's that many jobs lost.
allowance to me meant salaried. I work a lot or a little and my 5$ allowance was the same. it taught me that you always do your work and to manage limited resources.
I have never understood parents giving kids an allowance and letting them spend it all on something they want right now. That is just like our welfare system, you are teaching your kids how to live on welfare. And its not much better to make them save some of it, when they are having it handed to them and not working for it.
at 10 years old I had a used lawn mower and was earning money cutting grass on my street. at 14 worked part time and all summer. WORK.... allowance equals allowing kids to live at home.
I tell my kids, "We all live and eat here, we ALL have to keep the house". Mom is not your maid (and that applies to dad too, not just the kids, I don't care if you work and she stays home). Everyone in my house is required to clean up after themselves and keep the rest of the house clean, as well. You don't get paid to clean your own house. You don't get paid to do homework and get good grades - your reward for that is being a successful adult and having a good education to find a good job. If you want money, go find a job. Any kid who is old enough to spend money is old enough to make money. If I have extra things outside of normal household maintenance that need to be done, I'll offer the job to my kids and pay them for it. Otherwise, they'd better start knocking on doors to cut grass and walk dogs.
I disagree with paying your kids to clean up their room. Is someone going to pay you to clean up your own house? It's not directly related to jobs at all. If you want to teach them about making money have them sell toys they don't want or set up a lemonade stand or get a babysitting job when they're 12 or 13. People including kids should just clean up their room. Period. With no payment. It's a pride thing..
Being an adult means having your OWN basement to play Nintendo in.
LOL @ Nintendo
I hate how a lot of people look down on people that play video games.
@@casuco_0888 Not video games, just Nintendo.
@@TheWaggishAmerican NES is life!
@@reborngeek3922 BOTW is so freaking great.
My daughter is at present 5yo.
She has house hold jobs.
I bought her a small electric vacuum.
- Make bed (5yo standard)
-vacuum
-feed chooks
-tidy lounge toys.
She is paid $5 a week for her efforts. But looses money if she doesn't do it.
She loves helping me. She wants to wash up her dishes, takes the toilet rolls to the bin for me.
We have a school banking system with the commonwealth bank here in Australia. She banks her money every week.
---------------------------
She also does exactly what he said, she takes to her plate to the sink, she wipes her part of the table down and cleans up ect.
I want my child to be the respectable, honest, helping.
But she is still a child, she can make the biggest mess and I will help her tidy up of course. Somedays she is being a true 5 old and having a bad 5yo day so I have to parent accordingly and not treating her like a 16yo
-----------------------------------------
But we sit together and read books, we watch movies together, she plays outside in the dirt with the chickens.
My parents taught me right. Although I still sit around a lot playing Nintendo it is during my free-time in my own house after I'm done working.
J Law as long as bills are paid
It’s called balance. ;)
You earned your free time.
Grew up with my grandpa, and he would say, "if you don't work, you don't eat" and he always meant it
I like that, “too many rules is legalistic, but too much grace is enabling” 👌🏾
I'm an only child, and my dad would always get me so many toys as a kid. And one thing that I can remember from long ago (I'm unsure how I still manage to remember this), is that he said to me: "Make lots of money when you grow up, so you can buy all the toys you want."
He didn't give me an allowance, but he taught me how money is valuable and what it offers.
P.S. He mostly gifted me on birthdays or whenever I had great grades. It wasn't random gifting out of nowhere.
I never asked for an allowance as a kid. My parents paid for my food my clothes school fees etc. the least i could do is take out the trash and clean up around the house and help with pretty much anything my parents needed my help with
I have heard a lot of parents say, "I just want my kids to be kids. They have the whole rest of their life to work." Well, that's great in theory, but kids need to be taught skills like this when they are kids. It's like Dave said another day on his show, "I don't want to raise great kids. I want to raise my kids to be great adults."
Nicole Spaeth they use the same excuse for not teaching their kids life skills like cooking and cleaning. Then they're surprised when their 18 year old doesn't know how to do laundry.
+master my mom never taught me how to do it, but after watching her for my childhood I know how to do it as an adult thats not always true. But no one watches other people work so kids have to work (not do chores) as a kid if theyre going to learn.
Exactly people think they can just keep their kids from growing up and instead make them big baby adults who can't do anything for themselves or can't cope with life.
@@mastersnet18 yup. It amazed me the amount of people who has never done laundry, or cooked food before in college.
@@mastersnet18 as someone who has been raised by parents with the “i want my kids to be kids mindset” my mum allowed me to help her do laundry if i wanted and i learned from that and i also learned how to cook by baking cookies and scones with my mum.
So it really just depends
when I was kid we had a small allowance but additional money could be earned through extra work, there where also jobs that had to be done regardless and didn't receive payment
My parents never gave my brothers and I any allowances, or commissions for cleaning our room or toys for Christmas or anything like that, we didn't have consoles, or cable television. As far as I knew, we were dirt poor... so during the last year of elementary school my sister an I started our own business... she made bracelets and I sold them for about 50 cents mostly to the mothers of other kids. We saturated the market rather quickly though and made like $100 in a month which was a lot for us at the time. It turns out we weren't dirt poor, but that my dad was investing 2/3 of his income in real estate and was paying 7 properties simultaneously.
I used to do lawn maintenance for my family and others around my neighborhood. As a first generation immigrant, it was an easy/no excuses way to raise money for myself and the family. I'm a tax lawyer now, but I plan to have my kids mow lawns for money. When you realize you are that low on the totem pole, not much is above you. On another note, I get the sense Rachel is a bit silver spoon, wish the advice came from someone else.
As for Rachel, you have to remember she was a very young child when her parents were in bankruptcy, so she grew up learning the path to wealth along with her dad.
I grew up on a subsistence farm. I learned first hand if one does not work, one does not eat. The first year we were on the farm, we did not plan well for a late frost and a large percentage of our chickens died prematurely. That winter, we went hungry quite a bit. I was a harrowing experience. We did not make the same mistake again.
My parents also paid my brothers and I for our grades at school. The higher the grades, the higher the wage. Failure was never rewarded with anything other than encouragement to rectify the failure.
I wish all jobs were the kind where the harder you work the more money you make. There are plenty of jobs that are filled with nothing but lazy managers and hard working employees that are never promoted. On top of that the managers hire their lazy friends and pay them more money than those hard working employees that have been working there for years.
Piecework wages are a thing of the past in most industries, sadly.
Hmm, well I hope you found a better job by then.
When wh're in a company with no recognition for our efforts, I think the minute we realise it, the minute we start looking for a new job.
allowance to me meant salaried. I work a lot or a little and my 5$ allowance was the same. it taught me that you always do your work and to manage limited resources.
I had a “commission” but we did call it allowance. Chores always on the weekend and bring in the grades. I got freedom to go out with friends after saving up. $40/wk, spend $20 on food and save the coins in a jar. By the end of the semester I’d have a nice $100. Made me love saving every nickel and dime.
My allowance was also food, clothing and shelter. I decided that wasn't enough so I went to the local party store at 14 years old and asked for a job. I earned $1 an hour back then and have been working ever since. But not at the party store, a buck an hour just doesn't pay the bills.
I love my parents (and my dad taught me well), but I didn’t really “get it” until those times where I had to buy stuff myself. When I was young and bought a Sega Genesis, my dad didn’t punish me by taking it away because I BOUGHT IT.
When I got older and didn’t have toilet paper, I learned it’s not a given condiment (like ketchup). You actually have to be able to afford it or... you get the idea.
Love love love this. I tell my children I don't owe them anything. I feed clothe and nurture them from I was pregnant. They have no needs. So if you want money to go out with friends or to buy extra clothes they have to earn it.
I started babysitting at 12 and managed this money I worked for. But for allowance at home? ahah forget it. Doing chores as a kid is just doing your bit in a household. Why would you give money to kids for cleaning after themselves? All kids can participate. Don't get me wrong I got once in a while some money to go buy an ice cream or candies but it was never automated nor expected. My mum always sent me to the store to buy milk and bread and gave me money. I always had to bring the correct change. I couldn't myself buy something for me unless she said yes. But once in a while because I always came back with the correct change she would give me a bit of it to treat myself. I just never knew when she would be generous and that was a great thing.
stefanie doloreux I agree. I never got an allowance. C leaning up after yourself and doing chores us a part of daily living skills. As a teen, I worked part time to have spending money and to save. That means I actually had to fill out an application, interview, get the job, then do work and be responsible for showing up.
Yeah thats how my mom was as well. Sometimes I even had to use my own money to buy things she wanted. She eventually paid me back, but at the time I didn't know she would. I think it teaches children to support their freidns and family when they need help and to be a good person.
I didn't get an allowance (or far treatment for that matter). If I do my chores he won't beat me.
Sorry to hear that!
Sarah Shiver Ramsey ‘Don’t let your adult kids live with you so they can save for house etc, but i’ll hire my daughter and pay her 6 figures’.....yah that’s real independence lol
Big Red what's wrong with that? She's still working for her money. At least she's not sitting at home with her parebts, not working and expecting everything for free.
I asked my mom for an allowance and she responded with “an allowance huh.....lookie here I ALLOW YOU TO LIVE”
I never got an allowance growing up, but I wonder how I would have turned out if I did. I mostly made money as a kid helping kids cheat on their finals or selling notes depending who was teaching.
My dad allowed me to live, as he reminded me every time I asked for allowance.
I got an Allowance. It wasn't set, it was whenever my mother chose to give it. I never asked for it, but I certainly never said no to it. As soon as I reached the legal age of work in my home Province of Alberta, Canada, I began searching for a job.
Rules are important. But too many rules especially rules that doesn't make sense won't work, no rules it becomes Chaos.
Thank you for the book. I learn so much and will apply this method to my daughter.
My parents thought me the same. My mom made sure I knew how to save, invest and budget.
LOVE the commission idea. BUT kids cutting grass, raking yards, lemonade stands...... SOMETHING that requires initiative and NOT MOMMA AND DADDY"S Money.
But helping around the house and getting money for it helps the parents as well.
For me, I would pay my (hypothetical) kids for anything that I would pay someone else to do. Like babysitting younger siblings, lawn work if we could afford to pay someone (unlikely but possible), washing the car. I don't believe kids should be paid for basic housework and picking up after yourself. And yes, they should also be encouraged to earn money outside of the house. Mowing lawns, babysitting, dog walking, etc teach kids important lessons, like how to work hard for your money, how to negotiate wage, how to deal with potentially difficult bosses/customers, how to self motivate.
Ohhhhhhh my goooooosh!!!! this is what I do with my kids but I called it allowance.
If they do housework that I would have to pay someone to do it, they get money. And, it is according to the chore/job -if the child does a bigger jog, then gets paid more.
No allowance/commission if you did not do any thing. And,
NO money for cleaning their room, making their bed, etc. because their room is their 'house'. I don't get paid for cleaning my house -neither should they.
Also, money for each chore/work is according to the type of work. That way, the children learn to assign value to what the item/work is worth; NOT by how much money they have/get.
Thank you
Housework should be something they should be doing already if your household isn't old fashioned. Mine was old fashioned and my mother did everything. I will never pay my child for anything unless it's legit work (ex. I got paid for doing accounting work for my grandfather's company). I helped my dad build our house and I wasn't even paid for that because its my house too. Unless your parents aren't putting you in their will they shouldn't be paying you for house work.
Yes, this is what my husband and I decided we would do if we have kids. Basic housework would be required if they want screen/game time. You take care of your responsibilities first, then have fun. This would be age appropriate, of course, the older they get the more responsibilities they would have. We would require them to save at least 10% of what they earn in a savings account and we would match it, as well as giving 10% to a charity. They would get access to this account when they are adults and/or if it was for a good, responsible goal such as their first car, computer for school, etc. For their first job as teens, we would also encourage them to open an IRA and we would match their contributions. Of course, this is easy to say harder to implement...
@@ashleyashleym2969 That seems a little extreme. My parents didn't give me an allowance but we built a house when I was 15 and I got to write down my hours and got paid a small amount per hour. They would have had to pay someone else a lot more. Unless we can't afford it, we would also pay someone to do lawn work, deep house cleaning, car wash or babysitting so we would pay kids for that, too.
You got paid for work? I didn't do my chores because I didn't get commission or allowance. Apparently I had to do chores to stay in the house because schools wasn't enough
I asked my mom for allowance and she would never give it to me. At the time I was mad but now I'm so glad she never did because I treasure money. I see value, I save, I never EVER considered buying things on credit. I'm really smart with money thanks to never getting privleage.
The word “allowance” is misguiding, because it isn’t really allowance. It wasn’t guaranteed. In my parents home, you had to earn it, through chores. If you didn’t do chores, then you didn’t get “allowance.” I suppose changing the word would be appropriate, but I’ve always understood allowance, as an amount you’re allowed to EARN.
As soon as I was old enough to work I and my friends would go house to house and ask to do odd jobs I remember cleaning out basements and doing yard work and mowing lawns, shoveling walks all before I got a paper rout and that was at about the age of 12 I was taught work for your money do what you want with your money but understand we are not going to give you are money and it taught me how to survive in this hard world.
30 y/o here almost ended up playing Nintendo in parents basement
I sort of agree, but at the same time I don't. The kid who is always the first on the job volunteering first is not always the worker you want. Sometimes you want the seemingly lazy worker who sits back, observes, and innovates. Not always, but sometimes.
When I was ten or so, I asked my parents for an allowance. They didn't want to give me an allowance, because they told me that money comes from work. I was confused - I was using the term "allowance" the way Dave is using the term "commission" and the concept of work was being lost in translation. I always meant that I wanted to work for my money.
I would have said no as well for the same reason. What can you do as child in the States that isn't chores that you should already be doing regardless.
I would have told you to go find a job if I was your parents, go make your own money, I'm not giving you any, as long as they've provided your basic necessities and all the things required by law, you should have to actually earn the rest. Through a real job.
My parents did EVERYTHING for me. And i could ALWAYS manipulate them into not doing things that I didn’t want to.
I even dropped out of highschool and continued living in the house with no job.
I chose to go back and get the diploma but then I quickly dropped out of college and did the same thing.
I taught myself everything I know about responsibility and work ethic. Because growing up I got none of it.
Even my middle school highschool and university bent over backwards to help me get credits when I was only doing a fraction of the work if any
I grew up in a loving but strict and straightforward family and some times when I watch videos like these and hear about how other people lived there live I just get surprised as if I just discovered a new country because everything o heard Dave say at first sounded like standard everyday things I’ve heard some of the same exact things from my dad and mom growing up since I was 16 the only things my family provided was a place to sleep and food and I’m very great full for that
Another thing that helps is see others respecting parents. There is a lot of competition and disruption in those relationships in many many many families today. Even if a non-parent gives a15-year-old or younger an OLD cell phone without service... even a decade ago... he could go anywhere on the Internet in a wifi location. Life works great if everything works great! Love her comment re legalistic vs license.
My parents taught me to work and the value of money, but, not through an allowance of any kind. I reconciled our finances with my mom and I cleaned the house or I was berated.
Yes, I believe kids should get an allowance and that allowance is used a leverage to teach principles about work, money management, budget, savings, and delayed gratification.
I've known about DR for a long time, but just started watching (binging actually) his videos about three weeks ago. Until this one, I didn't know that Rachel is his daughter.
Never given an allowance, but i was paid a few bucks for each task I did as part of my chores, then they stopped paying me (without any reason) so i continued to do unpaid work (even though Inwas promised a commission, as dave puts it) and of course never given an allowance
When my teen starts to drive, is it ok to have them get a part time job to earn gas money to drive their own car to school vs us taking them to school and riding the bus home.
All work and no play makes me a dull boy
no. the kid had her own room to keep clean as well as her own bathroom and toilet to keep clean. she is a bit of a cleaning fanatic now. her allowance was more than the minimum wage she was getting paid. that cost more money to get her to work than she received in a wage. but she went from a C grade to all A after a year living with me. she also for the fist time learnt about public transport. and at 14 she had a key to the front door so she could come and go as she wanted. its about adult training. you teach them to make decisions young, before they can get into trouble with debt.
I don't entirely agree. Kids shouldn't be paid an allowance for basic housework, nor do I actually consider that "working". Those are skills that they need to learn how to do and be in the habit of doing. You shouldn't be paid for contributing to the household, picking up after yourself and maintaining your own belongings/room. I think that paying them for that contributes to a sense of entitlement. Framing it as working also gives it a negative connotation that makes them not want to do it. It should just be something you do (starting when they are very young helps with that) and can be made fun (races to see how much you can get done in a certain time, dance cleaning, singing while you "work", cleaning treasure hunt where you hide small treats for them to find while they clean). My parents often incorporated housework into movie/pizza night. Once a week we all picked a room to clean and cleaned as fast as we could while blasting music and afterwards we ordered pizza and rented a movie. Those are good memories for me. Now, if it's something you would pay someone else for like babysitting younger siblings or washing the car I do think they should be paid for it. And encouraged to find ways to earn money like mowing lawns or walking dogs for neighbors.
Thanks for the great tips!
Some parents give allowance and the kids only have to spend it on toys...and that can be good! But also having them learn to budget and spend money on shampoo, clothing, and then also the fun stuff.
very inspiring in all areas
Allowance? I have none. My company generates more than enough income. I am set if I can keep everything up.
I actually disagree a little bit. I never had chores at home. My mom was the one and the only one who did any house work unless I was bored enough and wanted to do them. However I have a very strong work ethic, but that's because I started working when I was 11 years old and the job I had at the time was 100% commission-like as we would get tips and generally the more you did, the more you got paid but because they were 100% tips sometimes you do work without getting paid. I didn't believe a parent should be giving any money to their kids. They should be providing them with all the things they need, but no money should be given to them. It's either you teach them to do chores because its your room, your part of the house hold, or you don't. As an adult you do not get paid to do chores and I think it's unhealthy for kids to associate what they have to do with getting paid. My grandfather has a business and on occasion I do do accounting work for him and obviously get paid for it. Actual work is what the parents should be paying their kids for not chores. All of my money came from working, independent of my parents. I learned how to actually work and not just satisfy my parents. I learned how to accept unfair situations and now as an adult I KNOW how blessed I am to have worker rights and I do not take them for granted.
I used to get really sad when I was 12/13 and my father wouldn't a give me a few bucks to go to the movies not because he couldn't but becuase, well, I don't know. I would regularly help my mother as she was a stay at home mom with chores, and I would always do my homework, I don't know it really took a toll on the social part of being a kid/teen. although you can say it made me work harder later on in life but I really would be sad (crying literally ) becuase I wanted to enjoy the weekend as the weekends where heaven when you where in middle/high school
Simple solution: Go make your own, at 12/13 you shouldnt be relying on your parents for money.
Kids get sad all the time when they don't get what they want. Does that mean I should give my 5 year old ice cream for breakfast because otherwise he will be sad and crying???? Chores and homework are things you HAVE to do, not things you get paid to do. College doesn't pay you to do your homework. No one pays you when you're an adult for cleaning your own home. I tell my kids, "we all live here and eat here, we all have to keep the house". If they want to EARN money, I will give them jobs above and beyond normal household chores. At 12/13, you can go shovel sidewalks, cut grass, babysit, walk dogs, etc. Why should your parents just GIVE you spending money?? Why should THEY work so YOU can go have fun? You don't learn to be a responsible adult by having people hand you things, and that is EXACTLY what's wrong with this generation. They all have this sense of entitlement like the world owes them something and it's because their parents and all the adults around them placed WAY too much emphasis on how they FEEL. You're a child, you don't have the base knowledge upon which to base those feelings besides what YOU WANT right this moment. Like Dave says "children do what feels good".
With my generation I just don't get it. Why would you not want to work or get out of work as fast as you can? It makes no sense at all. If you're on a hourly wage you get paid more for working and doing more. You have money you can use to buy whatever you want if you spend wisely and save. I got so many hours booked in I was able to buy my own AMG Mercedes with cash. I mean come on people.
Not all jobs lead to promotions, etc.
I don't believe in allowance but when I tried to give commission for household work, my kids would expect money for things I ask them to do. However, they live in the house so I think it's their responsibility to do the chores as well. I always wonder where to draw the line?
Besides that, my husband's family give the kids gift cards or money for their birthday and Christmas. The kids lose the motivation to work for my commission because if they wait, they will get money anyway.
Try making a list of the things they can do to earn money with the amount of money it's worth next to it. You could use a whiteboard or similar. Make it explicit what is just expected as being part of a household, and what is extra work they can do for money.
Sorry, but it sounds like teaching kids that you can get money for doing home chores for your family. And get paid by your parents. Do Ramsey kids work out of family network?
What if the kid was smart and forgot he did something to get on detention and they had to go the next day, next thing you know, the teacher is waiting on he or she to walk in.
Wait that is his daughter working there. That is corruption and nepotism
I'm still with my parents at 30, but that because I'm Asian.
Disagree with Dave about the minimum wage, many employers would pay their hardest working employees $2 an hour if they could. There has to be a basic standard!
ransom182 Then nobody would work for them, the market takes care of stuff like that. After about the first week of getting paid 2 dollars, you would go somewhere else and that company would either go broke, or catch up with the rest of the world.
No it wouldn't. That's wishful thinking - while some employers certainly would pay more than $2 an hour, there would always be a chunk that wouldn't. Jobs don't fall from the sky - there would always be a certain number of workers forced into earning starvation wages. That's insane and morally bankrupt. There is nothing wrong with basic rules and regulations surrounding employment. We're not talking about a $30 minimum wage, just enough to pay the basic necessities of life without resorting to government aid.
Do you really want to go back to the 1880's? No weekends? Child labour? Lax safety standards? Brutal working conditions and insane hours? There has to be a floor of basic standards.
A "free market" sounds great but there has to be a basic framework of rules that everyone adheres to. Do you really want to go back to the 19th century where banking crises and collapses happened every few years and the food and drug supply was totally unregulated and unsafe? What about environmental regulations that keep our drinking water and air clean and free from toxins? It really just comes down to common sense stuff when you really think about it.
ransom182 For every dollar that the minimum wage increases, there is a 7 percent chance of a restaurant closing. You are right, jobs don't fall from the sky, so when you allow the government to tell a private business owner what he can pay his employees there is no end to it, and there is nothing stopping them from raising it however high they want. In the places where minimum wage has been raised to $15 many businesses have been forced to either cut the hours of their employees, lay people off, or close all together. That's worse because now that's that many jobs lost.
I was "allowed" to live in my parents' house.
allowance to me meant salaried. I work a lot or a little and my 5$ allowance was the same. it taught me that you always do your work and to manage limited resources.
I thought everyone with allowance works for it?
Some people with allowance just gets free money from their parents. In my house I had to work for it and if I didn't work I didn't get payed
I have to teach myself money
I have never understood parents giving kids an allowance and letting them spend it all on something they want right now. That is just like our welfare system, you are teaching your kids how to live on welfare. And its not much better to make them save some of it, when they are having it handed to them and not working for it.
Very cool. I liked Dave before... but even more so now that I see that he's a Vols fan. :D
My parents made a list of chores with the money it got for doing it.
No dishwasher. Hand washed and dry only. Save money.
at 10 years old I had a used lawn mower and was earning money cutting grass on my street. at 14 worked part time and all summer. WORK.... allowance equals allowing kids to live at home.
I don’t care for her
boring......
I tell my kids, "We all live and eat here, we ALL have to keep the house". Mom is not your maid (and that applies to dad too, not just the kids, I don't care if you work and she stays home). Everyone in my house is required to clean up after themselves and keep the rest of the house clean, as well. You don't get paid to clean your own house. You don't get paid to do homework and get good grades - your reward for that is being a successful adult and having a good education to find a good job. If you want money, go find a job. Any kid who is old enough to spend money is old enough to make money. If I have extra things outside of normal household maintenance that need to be done, I'll offer the job to my kids and pay them for it. Otherwise, they'd better start knocking on doors to cut grass and walk dogs.
I disagree with paying your kids to clean up their room. Is someone going to pay you to clean up your own house? It's not directly related to jobs at all. If you want to teach them about making money have them sell toys they don't want or set up a lemonade stand or get a babysitting job when they're 12 or 13. People including kids should just clean up their room. Period. With no payment. It's a pride thing..