Quote

My children were taught at an early age how money works and that it comes from hard work. They've been on a commission - not an allowance - since they were little. They learned that if they worked around the house, they got paid. If they didn't work, they didn't get paid.

Sometimes as a parent, you have to give your child that doesn't do his or her chores some tough love and withhold the allowance.

Myself and my two younger sisters and brother were paid for any chores, whether it was washing pop's car, sweeping the lawn or picking mangoes.

It's hard to bring up your children on benefit. It's easier if you can do part- time work, or even full-time work, and actually have a better standard of living, and that's the direction in which we are going.

These days kids get paid enough that they probably don't need to work too much. The problem is when the person is old enough that they need to work to make a living, and the only thing that they know how to do is what they are already washed up in.

Suggest your children try tithing - giving 10 percent of their allowance to a charity every month.

I do chores around the house, but I don't get an allowance for them. I wash the dishes and sweep the floor... I'm sweeping the floor quite a lot, and my mum always expects me to get a broom and swagger it across the floor all the time.

One of the things that concerned me was the way the system operated: the wife who went out to work got a full personal allowance, but the wife who was working at home got nothing. This was particularly hard on wives who gave up work for a time to bring up children.

I think women - relative to men - tend to feel that they have to do the household chores on top of everything else. This becomes even worse once you have kids. It's enough to have a full time job; a full time job plus a family is even more.

What is important for kids to learn is that no matter how much money they have, earn, win, or inherit, they need to know how to spend it, how to save it, and how to give it to others in need. This is what handling money is about, and this is why we give kids an allowance.