Contact Us

Times Are Tough – So What’s Your Kid Earn?

Paul Morigi/Getty Images for NickelodeonTo hear Dave Ramsey and other financial experts tell it, one of the most important things you can do is to teach your kids about money management and for many of us that starts with the allowance.  Has the national economic downturn hit the kids in the piggy bank? Not according to a survey by Nickelodeon.   The kids TV network found these weekly rates.

6 – 8 years old: $ 4.80

9 – 11 years old: $ 7.00

12 – 17 years old: $16.60

Janet Bodnar, author of “Dollars & Sense for Kids,” says allowance for children under the age of 6 is not necessary. Most don’t really start learning about money until 1st grade. Unless your kid is named Katelyn Autumn Ettl in which case she already recognizes the various coins and is working on comparative values at age 3.  Daddy’s  little economist or Daddy’s little extreme shopper!

Bodnar says allowance helps them learn how to appreciate and manage it.  As a general rule, giving them half of their age in dollars per week is an easy system for you both to understand. 

Source: http://hffo.cuna.org/12433/article/107/html#howmuch

Rick Diamond/Getty Images

Best of News Talk KIT

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://newstalkkit.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KIT VIP quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KIT VIP contests, events, coupons, presales, and much more delivered to you for FREE.