Should the allowance be daily or weekly or monthly?
A daily allowance can be chaotic, and a month is [...]
Should I use allowance as a reward and give it only when they do what they are supposed to and withdraw it due to bad behaviour?
This is a definite no-no. Do not link allowances to [...]
Should I give them additional allowance for doing chores like helping around the house or fetching something?
Do not use the money to pay children for helping [...]
My child wants more allowance because his/her friend gets it.
Allowances should be given on the basis of each family’s [...]
My child runs out of allowance mid week and wants more
Don’t give him extra money mid-week. The entire idea of [...]
Should I give my child separate money (to spend) and separate money to save (to inculcate the saving habit)?
Keep the allowance constant. It should be enough to cover [...]
When is the right age to start giving allowance to children?
Managing money is a life skill that we all need [...]
Pocket Money – Case Study
Using the “Wish List” technique My 9-year-old daughter’s list of [...]
When my child was younger, she shared a lot more. Now, as she is growing, she doesn’t like to share anymore. She is always hiding her toys and screaming if anyone touches her things. She doesn’t even want her friends coming over because she will have to share her things with them. I am worried she will remain friendless if she goes on like this.
It is possible that the first few instances that your [...]
Sharing – Case Study
The Exchange Siya is a 13-year-old teenager. She is an [...]