Allowances for the Little Ones?

December 26, 2007 · Filed Under Financial 

Raising4boys gives some advice on when to start an allowance and a what amount to give them. He bases their allowance on a formula so they get automatic raises at certain intervals. He also stresses the need to have them split up their allowance, giving it to different sources. I think they should also pay taxes back to the House just to get used to the idea. ;)

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Comments

One Response to “Allowances for the Little Ones?”

  1. dad on January 2nd, 2008 7:32 am

    Heh. Clever idea on having them pay taxes back to the household.

    Thanks for the mention!

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