Photo: Photos8.com, Flickr

We don’t do allowance in our house, just seems like the chores our kids do come with the territory. You know, the “you live here, so you must contribute” territory. But some kids do get a weekly pay, and I guess that’s OK, too. In fact, I just read about this idea, which makes sense. It goes like this: Don’t pay your kids just for doing what they should do anyway. But do redirect some money their way that would otherwise be spent on them. Say you’re in the grocery store, and little Johnny wants a candy bar. Instead of buying it for him, hand him the dollar it would cost you, and tell him he can buy it if he wants. Or he can keep the money and save or spend it later. The point is that it makes him decide whether the candy bar is a wise purchase. That’s what forking over funds for kids is all about, right? Letting them learn about managing money. I like. How about you?