Don’t pay your kid for scoring goals in a game.
Don’t pay them for achieving A’s on their report card or for eating their vegetables.
Don’t pay your child for doing the dishes, sweeping the floor, or scrubbing their toilet.
Instead pay your child a consistent allowance because he is a contributing, valued member of your family and you want to raise a financially responsible person.
The pay-for-performance debate has been a subject of discussion for families for generations. If we don’t tie the money we pay our kids to chores, grades, or other accomplishments, then why give them an allowance at all?
One way we can teach children financial responsibility is by giving them a consistent allowance and then helping our son or daughter learn how to save, spend, and give their money away.