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by Rachel Incoll
The question of whether allowances are right or wrong, is one that has been argued for many generations. Now it's your turn, as a parent, to decide whether or not an allowance is the best way to educate your child about financial responsibility. There are many reasons given on why a regular payment of money to a child should or shouldn't be done – ultimately I believe there is no right answer, it is up to each individual family to decide what is the best option for them. Through many years of working with parents and educators, these are the top seven reasons I keep hearing on the question of why should kids get allowances.
1. They learn to be wise with how they spend their money. It may help to teach them how to prioritise their spending, & learn from an early age what things are a waste of money.
2. They learn how to save money. Having a regular amount of money, may make it easier for them to establish good saving habits, as a certain percentage of the money from each payment can be placed into a savings account/piggy bank. Without an allowance, any money they receive, may simply be spent, with nothing going to savings.
3. They learn how to donate their money. A certain percentage of their money can also be allocated to donations to the needy, hopefully encouraging your child to be more thoughtful of others, & not greedy with their money.
4. They will learn how to budget their money so it lasts between payments. Eventually, most children will learn to be careful how they spend what limited money they have, so they don't run out of money. This will only happen, if the parent doesn't give in to the initial whining for more money when the mistake is first made!
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by A Dude's Guide on Aug 27th
It was a big day when my middle dude finally beat me in checkers. He jumped around for hours, thus proving he still had a lot to learn about winning. I’d made sure he knew a lot about losing. See, I have never actually let my little dudes win when we play games or sports. If they want to experience victory, they’re going to have to work for it and actually win.
It’s not that I spend my day goating about beating little dudes, it’s just that I want them to understand that sometimes they’ll win and sometimes they’ll lose. I think you can learn equally as much from each situation. I mean, sure I’ll keep games close through strategic loafing or bad decisions, but I won’t hand them a win. I think winning feels so much better when you have to work hard to achieve it.
When my little dudes played in community league sports, where you only practiced maybe once a week and played by modified rules and with a different number of kids on the field, sure, scores didn’t really matter. What mattered was getting better each week and learning the game. But when they’re out there actually competing, that’s a whole differently colored horse.
Which makes this really, really annoying. A baseball league for 8-10 year olds in New Haven, Connecticut, banned a 9-year-old from pitching because he was too good. That’s right, they said he was too good so he wasn’t allowed on the mound. When his coach put the kid out on the mound anyway, the other coach forfeited the game and wouldn’t even play. This is ridiculous. The little dude has never hurt anyone with his pitches, it’s just that he throws so hard some of the other players can’t hit him. Isn’t that what sports is all about? Playing your best and trying to win?
Listen up, dudes in New Haven: In life, as in sports, sometimes there are winners and sometimes there are losers. Get used to it. Oddly enough, I don’t know if you’ve noticed this or not, but you can’t always win in life and, sometimes, we have to do things that scare us. And we’re the better for it. You’re parents. You’re supposed to be setting a good example, not teaching little dudes and dudettes it’s better to quit than have to do something hard.
If you let a little dude learn how to win and how to lose, he’ll grow up to be a better person. Same thing with little dudettes. Winning? Losing? It’s how you deal with it. So deal with it.
– Richard
A Dude's Guide is a supposed to be a funny and insightful look into what it takes for a Dude to be a better person. We are not saying that we are exceptional, insightful or funny people; but we try. We will use our experiences and adventures and misadventures to try to help other Dude's learn and contribute to this blog. Subscribe to A Dude's Guide blog for fatherhood advice and topics from Daddy Dudes!
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