When Should a Child Start Receiving an Allowance?
I want to reward my 7-year-old daughter for cleaning her room and putting her toys away at night. Is it too early to start giving her an allowance?
– James
When you start giving your child an allowance is a personal decision. Kids as young as 6 can be given an allowance to foster responsibility, independence, and money management skills. Try giving your child a small amount each week. If it works out, you can increase the value as she gets older and starts taking on more responsibility.
It might also help to write up a "contract" with your daughter where you both agree to the terms of the allowance — like what chores or duties are entailed, or if some of the money must be put aside for charity or savings.
For more information, check out these articles:
Allowance Basics
Help Your Child Get Organized
How Should I Set an Allowance for My Child?
Reviewed by: Larissa Hirsch, MD
Date reviewed: February 2007
Originally reviewed by: Neil Izenberg, MD
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