Kw-logo-smaller

All About Allowance

Allowance. It can be a touchy subject. How much do you ask for? How do you spend it? And most importantly, how do you save it?


How Much Allowance You Deserve

Allowance is something you have to earn, usually by doing chores. Most kids have weekly chores, whether it’s taking out the trash, washing dishes, mowing the lawn, looking after their little siblings, etc. You and your parents should agree on a set rate for each or all of the chores you do. Here’s a guide to help you.


List of Chores and How Much You Can Earn

  • Washing a car - $5.00
  • Walking the dog - $2.00
  • Shoveling the snow of the driveway - $8.00
  • Raking leaves - $5.00
  • Mowing the lawn - $3.00
  • Vacuuming - $3.00
  • Washing Dishes - $2.00
  • Laundry - $3.00
  • Taking out the trash - $1.00
  • Reorganizing a cupboard - $3.00
  • Cleaning the bathroom - $5.00
  • Cooking Dinner - $3.00

How To Spend Your Allowance

Nowadays, $10-$20 a week doesn’t buy you much. But if you spend wisely, you can make it stretch. Instead of buying lunch at your school cafeteria, bring your own. Or if you have to buy lunch, choose the healthy, protein-rich dish that will keep you full. That way you can avoid buying extra snacks from the vending machine, which will save you money and keep your body healthy. And don’t go crazy with those iTunes songs! Just buy the ones you really need, not the whole CD. $1.25 each can add up really fast!

How to Save Your Allowance

Out of sight, out of mind. If you really want to save money, you need to keep it hidden. Either open a savings bank account, or use a box or piggy bank. Here’s a tidbit: If you saved $5 every week, you’d have an extra $260 dollars at the end of the year! After 5 years, that’s $1300! Just think of the possibilities!


Related Stories:
57 Comments

latest videos

F1067448135562

What Do You Save Your Allowance For?

  • A big day out with your pals.
  • Video games and computer stuff.
  • Clothes, clothes and more clothes.
  • CDs or posters of my fave musicians.

related stories

Micro_top5waystosave-micro
Do you find you spend your money faster than you can save it? Kidzworld gives you some tips in th...
If your parents have been stressing over money and you feel anxious because of the environment, w...
I want to make some money for my summer trip, but I just moved and don't know anyon...

Random in the forums

AleksReader
AleksReader posted in General:
If you control the now, You control the future(aleks)
reply 22 minutes
syranix
i think i dont belong in this place everything feels the same trying to impress your so called friends so you can fit in the group but do you really belong with them do you even want to be with them do you even care about some of the stuff they be saying do you feel like you belong with them because you knew them longer or do you belong with yourself instead of trying to fit in a place where the piece dont match 
reply 44 minutes
kstanz
kstanz posted in General:
Nobody is ta;ling to me... :(
reply about 1 hour
B-who-u-r-and-SING
"Kristen124" wrote:March 04.  That's my friends birthday! She's not on KW though. :(
reply about 1 hour
Team Audi #46
June 2nd
reply about 3 hours

play online games