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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 Oct 13th
Well, I’m back from Florida and I’ve discovered that I really am addicted to the internet, to being in constant e-mail contact with anyone and everyone. When I’m away at the beach, I don’t really have access to the internet. What little access I do have comes from piggybacking someone else’s signal. For the most part that signal is pretty weak. This time around, it seemed, it was weaker than normal.
Whenever I got a signal it would work for a few minutes and then vanish, leaving me so frustrated I’d be tempted to start banging on the keyboard like a rabid monkey. (Every notice monkeys are always funny and even funnier when used in part of a metaphor? I like monkeys.) Fortunately for my own peace of mind, my friends were able to rescue me from this by hiding my computer.
Once I calmed down the third time, (the first two times I had them believing I was all right and then promptly made my screaming escape once they unwound the blanket and untied the ropes. Sometimes my friends can be a little gullible.) I was able to see the good in going internet-less for a while. Sure it was hard when I couldn’t hit imdb.com to look up the name of that movie actor, wossname, who was in that movie, you know the one. But I made it.
Of course, I’m writing this at the airport. As soon as I checked my bag and ran to the gate, I flipped open the laptop and started getting my fix again. Ahhh, sweet, sweet information, I love it when you flow like wine. Now, if you’ll pardon me, I believe I have some words to mainline.
Oh, yeah, the title of this post? Part of the most misquoted line in movie history. From Cool Hand Luke, “What we have here is a failure to communicate.” The actual line is “What we’ve got here is failure to communicate.” Almost the same, but different enough. Of course I looked that up on the internet.
– 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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