We have instituted a new allowance system for this school year. So far it is working out great and the kids are really motivated and independent because of it. It is just what we've all needed. The kids can earn $1 per weekday by completing certain tasks. They each have a "bank account" through us and we deposit their money at FHE each week. The kids are now in charge of buying bday presents for their friends and for their own spending money for our trips. They are being much more careful with what they ask for and buy with their money.
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