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Allowance, Chores, Family Economy & Empowering your Kids with Money - James Ure - 485
Relationship Coaching School Podcast
Determining a Fair Allowance Amount for a 15-year-old Child
The speakers discuss the factors to consider when setting allowance for a 15-year-old, suggesting that parents should take into account existing expenses like clothes, extracurriculars, car, and phone. They propose dividing the total expenses by 25% and further dividing it to determine a fair allowance amount, with the chapter concluding that $35 a week equates to roughly $150 a month.
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