The word “allowance” implies a child is entitled to a certain amount of money just for living and breathing. In the Ramsey household we used a commission system instead: Once your children are old enough to do basic chores, they’re old enough to earn a little money doing them. If they work, they get paid. And if they don’t work, they don’t get paid. If they can understand that money comes from work at age 4, then they’ll be ready to hit the real world running at age 24. Remember, keep the jobs and the pay age-appropriate. For example, pay your 3-year-old a quarter if they put away their toys or 50 cents if they make their bed. Don’t worry about quality at this point. Just make a big deal about completing the job, do a little cheer, and pay immediately. Then they’ll make the connection between working and getting paid. #allowance #debtfreecommunity #trainachildinthewaytheyshouldgo #debtfree #daveramsey