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Considering an allowance for Ale

May 26th, 2006 at 04:05 pm

At the new school they have a small store where they sell food and snacks...
Ale will be staying there for lunch, which means I'll have to pack a snack and a lunch for her...I have been thinking about givin her a small allowance ($2.50/week)...she can decide whether she spends it all on one day or whether she uses a bit every day...($2 seems adequate since that would be $0.50/day...)...she has never really managed money on her own...apart from when I let her buy her own stuff at the marketplace or at the flea-market...but I'm always around to see that at least they give her her change right and stuff like that!...
Yesterday, I gave her $0.50 for school...and, she told me "Mom, I was lucky that I found something that I wanted to buy and it only cost $0.25, because I lost the other coin you gave me..." ...(EEk!) I told her it was a shame that she had lost the other coin, because she could have 1. used it to buy something else some other day or 2. bought some more of whatever it is she liked at school...I told her she should be more careful with money...but, unless I GIVE her some, how can she really learn to take care of it??...
So, this is the plan: Starting August, Ale gets $2.50/week...if she's responsible with it (doesn't lose the money, manages to save some), then in 3 months she can get $3.00) if not, she'll have to wait longer to get "a raise"...

Posted in Money, Hope in trying times, goals, family, Ale's school | 7 Comments »

7 Responses to “Considering an allowance for Ale”

  1. Thrifty Ray Says:
    May 26th, 2006 at 04:29 pm 1148660989
    1148660989

    Ive heard that showing the little ones how to have 'spend, save and give away' money is a great idea and teaches responsibility!

    Ale will certainly enjoy having a little spending money!! I can still remember (way too many years ago to mention) having my nickel for milk..or even better, my dime for orange juice at school!!

    I bet Ale is excited!

  2. scottish girl Says:
    May 26th, 2006 at 04:42 pm 1148661750
    1148661750

    I think it's a good idea. I can remember getting an allowance when I was a kid.

  3. wixx Says:
    May 26th, 2006 at 05:10 pm 1148663409
    1148663409

    Kids say the cutest things. Smile
    I think the sooner a child learns the value of money, the better.

  4. miclason Says:
    May 26th, 2006 at 05:14 pm 1148663645
    1148663645

    LOL! I used to get 5 Colones (just realized that was $2 back then!)...this was enough to go to the matinee and buy snacks!....then once I was 12, I had to go to the store once a week to get an additional 5 colones (working at the cash register!)...same for my sis...we were allowed to trade days, but whoever worked the register got the money....I managed to save 5,000 colones by the time I was 22, and used that as a downpayment for our apt when I got married...(by then, 5,000 were the equivalent of $571, as the ROE was $1 X 8.75 Salvadoran colones)...still, the apt cost 42,000 colones....
    Once I get my financial situation in order, I'm going to start saving for a house again...Ale wants one with 3 rooms....one for me, one for herself, one "for Mary and Jesus"...she wants a SHRINE in our house, where people can come and talk to Jesus...I guess she really IS a Catholic!....so, a 3-bedroom house it is!

  5. Joan.of.the.Arch Says:
    May 26th, 2006 at 08:31 pm 1148675472
    1148675472

    Not knowing that Ale is your daughter's name, I initially thought you were considering a beer budget Smile

  6. miclason Says:
    May 26th, 2006 at 08:55 pm 1148676935
    1148676935

    LOL! her name is Alejandra...Ale for short! ...but, I do have a soda allowance...

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