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All these examples are taken from the book, Allowances: Dollars
and Sense, by Paul W. Lermitte.
A Great Way to Have a Free
Night Out!
(from pg. 31 in the book)
Hey let's go out tonight! But don't ditch your parents once
you're out. Spending time with them is something they just might like!
- Make it a family night. (You know who is in charge of family
finances, hee hee)
- Make it a weekly or monthly event.
- Mom or Dad picks up the bill and you get to have a life!
Bonus!
Case of the Broken Window
(from pg. 65 in the book) It's not
a crime to make a mistake. It's only a crime if you don't learn from it!
- Look after your stuff! The money it takes to buy things really
doesn't grow on trees. Really!
- Look after other's people stuff in just the same way!
- Start with your own bedroom. It's your domain, so make it
a place that looks great!
Don't Tie My Allowance to Chores
or Achievements
(from Chapter 1) Should your allowance
depend on work around the house or schoolwork? No!
- An allowance is meant to teach you how to handle money.
- You do chores because you are part of the family.
- Doing well in school, music or sports is about building your
confidence and talents. It's not about getting more money - SORRY!
Laugh All the Way to
the Bank
(from Chapter 3)Feeling sorry
for yourself that you've got no cash?
- Set aside 25% of your allowance in a piggy bank or bank account.
- See it grow bigger and bigger.
- Once you get in the habit of doing this, you'll be amazed
at how much you can save and what you can do with it!
Do Your Homework Before You
Spend Big Bucks
(from Chapter 4)You saved and saved, bought
your dream toy, and feel ripped off. Ouch!
- Always spend time thinking and learning about the things
you want to buy, before you buy, especially if they cost a lot of
money!
- Visit different stores.
- Read magazines that review the product.
- Surf the Internet with your parents to get more info.
- Phone around to compare prices and guarantees.
- Know what you're getting before you get it!
Want to get some forms that help you plan what to do with your allowance?
Click
here!
Blast off to the Making Allowances home
page!
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contents © 1999 by Paul W. Lermitte
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