First Allowance

With the begin of Kindergarten, Tobin started getting a weekly allowance like his big sister. In case you are wondering: both kids get $0.50 per year of age per week. In our family, it has nothing to do with chores – they are expected to help around the house anyway. Allowance helps them grasp the concept of spending vs. saving, and get an idea of how much everyday items cost.

For Tobin, it was the first time he had $6 at his free disposal – 3 weeks’ worth of allowance! He invested $3.98 in two Hot Wheels cars, and kept the rest safely in his piggy bank.