To parents: When do you start giving cash allowances to your kids?

[boybi]

6yo na panganay ko and grade 1 na. i don't know if i should give him money already. may dala naman syang baon (biscuits, etc.) for snack during recess.

sa mga parents, when did you (or do you plan to) give money to your kid(s) as their allowance in school?

[laklak]

ako pagkaalala ko prep(1988-89) pa lang may baon na akong pera (parang 5 pesos ata), pero may baon pa din akong pagkain. Pang bili ng ice popsies.

[CLAVEL3699]

dat way pwede mo sila maturuan kaagad na mag ipon at para hindi sila masabik sa pera.

kahit gaano kabata pwede kaagad sila turuan.

Bigyan mo nang pera pang baon pero bigyan mo din sya nang alkansya. Yung nahuhulog nya dun tumbasan mo or pakita mo sa kanya kailangan nya magtabi nang pera para kung may gusto sya bilhin laruan may pambili sya.

[empy]

when they are about 8 years old.

if my parents had done this i would not have had to sell my body on the street for comic book money

[Flagg]

when they are about 8 years old.

if my parents had done this i would not have had to sell my body on the street for comic book money

May bumili ba sir?

[1D4LV]

6yo na panganay ko and grade 1 na. i don't know if i should give him money already. may dala naman syang baon (biscuits, etc.) for snack during recess.

sa mga parents, when did you (or do you plan to) give money to your kid(s) as their allowance in school?

hehehe. pareho tayo bro... 6 year old, grade 1. although yung school nya is around 700 meters away from our house... tapos complete ang baon, and naka school bus pa...

but if i remember it right, my parents gave me baon na when i was in grade 1.

[Mguy]

I started to give just last year when she was grade 2 and this was because of peer pressure.

She had a complete baon. Sandwich in the morning, pack lunch and biscuit for merienda. However, her classmates was going once in a while at the canteen buy juices, spaghetti or french fries once in a while but she couldn't since she had no money. So we started to give her 20 pesos a day. She only eats at the canteen once or twice a week so the rest, she just saves.

[kimozi]

I started to give just last year when she was grade 2 and this was because of peer pressure.

She had a complete baon. Sandwich in the morning, pack lunch and biscuit for merienda. However, her classmates was going once in a while at the canteen buy juices, spaghetti or french fries once in a while but she couldn't since she had no money. So we started to give her 20 pesos a day. She only eats at the canteen once or twice a week so the rest, she just saves.

My kid was in grade 1 last year. complete na din snacks nya with lunch but he was always telling me na yung classmate nya may pambili ng something sa canteen like juices. naawa din ako kaya binibigyan ko na din sya ng pera 10pesos for those small foods.

If your kids aren't asking you money yet, dont give them. But if they started to.. i think its just ok to give them in small amount. that way hindi sila ma sabik sa pera. minsan jan sila natututo magnakaw ng pera e.

[boybi]

We already started giving our son allowance since last year. P40.00 per day na sya this year, pero may dala pa rin snacks. Most of the time, he saves his allowance.

[_Cathy_]

Grade 1 when my parents started giving me allowance.

[gongrhey]

Our eldest son is grade 3 na pero hindi pa rin marunong sa pera. hindi kasi namin siya binibigyan ng baon na pera eversince kasi kumpleto na rin baon. but this year, may gusto siya na juice sa canteen nila at minsan inililibre ng classmate. kaya mula nun binibigyan na namin ng eksatong 13 pesos pambili ng juice. minsan kasi sobra 15 pesos ibinigay hindi kinuha yung sukli kasi hindi alam.

[NazQ]

grade 1 ako nung nabigyan ako ng baon. 5 pesos.

my grade 1 nephew is already receiving 20 pesos baon.. don't know if its a good idea or not, but I don't think he still realizes the value of money.

better explain what the money is for and it does not grow on trees, if your gonna give him some, make him save a part of it (10%).

[skyglider]

ako di pa nagbibigay kasi wala pa kong estudyante. 11 months pa lang baby ko...

1 year old pa lang ako may baon na kong 50cents. dami na nabibili ko at saka may libre pang nutribun noon. di lang na-ituro sa akin yung mag-save.

i'll surely teach my kids on how to save, salamat sa inyo mga peeps. ok talaga dito sa tsikot. di lang pag kotse pang-pamilya pa.

[artpogi]

am not a parent, but I remember my brothers giving their kids baon na pera around grade 1 or 2, I remember that kasi ako taga-hatid ng mga pamangkin ko eh

[5Speed]

we gave an allowance to our eldest daughter when she started grade 1 together with a big crayon shaped alkansya....telling her that if she want a toy for herself she must save some money....ayun marunong syang magtipid...ang nakakatuwa, wala kaming makitang nakakalat na barya sa bahay......nilalagay nya agad don sa alkansya nya....herherherher

I still can remember the first time na napuno nya yung alkansya nya tapos binuksan namin at binilang....almost 600 pesos din.....and at that time she want a doll....nakikita nya sa mga classmate nya...we go to SM and bought the doll....her facial expression is priceless to me....she's so happy and proud saying to everybody that she bought that doll with her 'own money'....the rest of the money we put it in the bank....(the first time we've introduced to her the idea behind banking system, we even introduced her to the friendly people from the bank whom we've known for years....

nowadays every time she opened her alkansya....she make sure that a part of it will go to her savings account.....

It will be another year before we do the same to our youngest daughter........ cant wait for that either......the joy of being a dad....hehehehehe

[zman]

we started giving our daughter P100 per week at grade 2. but, she has to save part of the cash. she usually puts aside p40-p50. a full set of baon is provided. the cash part is mainly for teaching money management.

[Syuryuken]

K1 pa lang baby ko kaya hindi pa pwede pag Grade 1 na siguro bibigyan ko na. Grade 1 din ako nung binibigyan na ko ng allowance.

[zero]

i usually give them P20 baon to my grade 1 and grade 4 kids, baka sakali lang may gusto sa canteen. i also tell them that they can save the money inside their purse.
makikita mo din kung sino sa kanila ang matipid at magastos. usually, yung eldest ang gastadora. hehehe...

[RedHorse]

grade 2 lang pataas ang allowed makabili sa canteen nila... grade 3 na eldest ko, youngest nasa prep

[mikey177]

We started giving our kids a cash allowance when they were in grade 1, even though they also brought snacks to school.

As has been said by the others, it teaches proper financial management and inculcates the value of saving for the future.

We require them to put 10% of their allowance in their piggy bank right after we give it to them. This is in line with Robert Kiyosaki's advice to "pay oneself first." Para kahit nagtatrabaho na sila, automatic na pagkakuha ng sweldo, may 10% savings na sya. Also, we have specified that the 10% compulsory savings will be used for their retirement fund. We let them put the accumulated funds in a time deposit and we roll over the saved amount plus interest plus new savings every quarter.

If they want to buy a toy or a book, they have to source the funds from the remaining 90% of their allowance.