We are just entering the world of pocket money for the kids. It's kinda hard knowing how to approach it, what quantity etc. Me and E thought we were on the same page last week when we decided on an amount. We then realised that she meant that amount for a day, and I meant it for a week. Oh.
Anyways, we reached agreement, and kicked it off yesterday. The kids do their 'job' for a week, and then get their princely wage come Sunday. But I'd be very interested to hear how other people have approached this.
Is pocket money a good thing? What is a suitable amount? Should the amount depend on age, and if so, will the younger sibling become resentful that the older one always gets more? How do you teach wisdom and generosity without stifling them (eg- "child, it is far better and holier for you to give your 10c to a worthy charity than to buy those two red frogs")?
What do you reckon? How do you approach it in your house?