tag:blogger.com,1999:blog-19918057.post3365680930295148690..comments2024-02-16T04:44:50.172+00:00Comments on The Bookworm: The Road to Financial IndependenceThe Bookwormhttp://www.blogger.com/profile/08139740404665123205noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19918057.post-1031372688893391742009-05-07T18:50:00.000+01:002009-05-07T18:50:00.000+01:00Thank you for sharing this. We've been back and fo...Thank you for sharing this. We've been back and forth on the issue of allowance vs being paid for chores. There seem to be merits in both positions: learning that money needs to be earned and learning that chores are expected as a matter of course from all family members. I think I lean a bit more toward your system of expecting chores with no reimbursement and giving an allowance but allowing some paid chores that are over and above the expected.<br /><br />My parents did both in a haphazard fashion and were not terribly consistent. It's rather fuzzy exactly how it worked, now that I try to reconstruct it. What I remember most for longest was a checkbook, not held by a bank but by my mom, in which we logged the money we'd earned by doing chores. When we wanted to make a purchase we "withdrew" the money and entered in the amount. However, doing chores was not optional but required which did cause frequent battles as my mom was not all that good at enforcing them. Some weeks she was more on top of things than others and I think that was a huge part of the problem. <br /><br />I like your system of actually opening a bank account and having a debit card and making deposits and withdrawals. <br /><br />So I guess you plan to start giving Cherub some pocket money when she is four? <br /><br />I've been thinking more about the idea I posted on and while I like it very much, I'm hesitant to actually implement it as yet. Right now Bella is so very helpful and obedient with only verbal praise as a reward. I'm reluctant to begin giving her a coin in place of praise when praise is sufficient. She's not all that interested in money except she occasionally carries around coins she finds on the floor or the desk. On Sundays she drops our envelope into the collection basket and does enjoy that task. <br /><br />I love seeing how other families handle these questions as I'm still trying to decide what will work best for us.Melanie Bettinellihttps://www.blogger.com/profile/12557248434888642114noreply@blogger.com