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With the caveat that they're not quite adults yet (eldest is 16) so there are no actual results to this experiment...

The children get regular money put into their accounts. We don't put many restrictions on what they spend it on. We take the approach (with this as well as internet access etc) that we trust them until they prove us wrong then we will stomp on them from a great height. Touch wood not much stomping so far.

They have assigned chores that are not directly connected to the money. I guess if they didn't do their chores we could pull some money but TBH there are better levers.

Although some of the chores are there just so they participate in the household (taking out bins/recycling etc), we also require them to make lunch/dinner or go shopping for the family periodically. The main reason is so that they're reasonably self sufficient when they eventually fly/get pushed from the coop.

None of them actually earn money yet (as in from outside family and friends) although only the eldest would be technically legal. He does have a regular job in the voluntary sector which gives him most of the discipline skills having a job entails.

I would say that they're all fairly aware of the cost of things. I'm not so convinced that they're sufficiently aware of the value of things. Maybe that's hard to do unless you've either genuinely lived on your earnings or struggled for money.




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