It’s about that time around here. Simone and Nadia need to earn money so that they can learn how to spend it. They empty the trash in their bathroom, wipe the counter, help load the washer and dryer. How much is that worth?
A national survey for the American Institute of CPAs says children receive about $65 a month for allowance. That’s about $15 a week. That’s a lot of money for a 7- and 5-year-old.
If Simone and Nadia get that much I know I’ll be borrowing some of it back. Really. Mommy needs a new blouse. Can I have just a few of your dollars?
I’m not sure they need that much purchasing power. Most of the things they like costs $20 or less. Lately, they have gravitated to a boutique in the mall that specializes in accessories for girls. They look and look at the make-up, jewelry, and hair bobs.
Maybe $20 is more in order. Any suggestions?