Allowance system for 8 kids! What we pay, chores, teaching kids about money + more! | Jordan Page

This is our SUPER SIMPLE allowance system that has worked incredibly well for our family, hope it gives you ideas for setting up a system for your own family! How do you do allowance? Be sure to share in the comments!

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[hannahwinslow]

This style of editing (less pop-ups) is much better! Thank you!

[charmin]

IDEA: Update all your greatest hits videos. So much evolves over time.

[persia]

Learning how to manage money in childhood is a fantastic skill

[CaseyColleen]

My mom has been doing the same allowance since I was young… I am 30 years old now and I will always buy from thrift stores I have traveled to 39 countries, and I have a beautiful home. You are parenting RIGHT love your page!

[mylittleworld]

Please do a video on your cleaning zones and updated clipboard system! We have recently moved and I’m feeling like it’s just me running around keeping extra rooms tidy! HELP A MAMA OUT 😂

[jenniferlumia]

I would love to see a new clipboard system video. I think a couple of my kids might be old enough for this now.

[muse]

We never got allowance growing up. But my parents bought all our things until we got a job, then we had to pay for our wants ourselves. When we got a full-time job, my parents started charging us $200 rent monthly to help pay the house off faster. We didn't know when we paid it, but they were actually saving that money for us and paid it back when we moved out! Mine ended up being about $7500. It was a huge surprise, and I was able to add it to my savings. Paying rent also taught me to save my money from a young age. Win win!

[amixeblu]

I got about 10 euro a month from my folks back in the 80s. My mom said it was extra, along with the basics like food, shelter that I got from home. I was expected to pick up after myself and pay for things that weren't covered with the absolute basics. If I wanted something more expensive, I was expected to save for it, from my allowance. I always managed with what I got. I also got a little bit a week from my grandparents. I saved birthday money. I was such a huge saver. Then when it mattered and I got to something I *really absolutely loved* I was able to get it, and have something left even. I always was that kid that asked for money for birthdays. My mom is a child from a 10-kid home. There are a lot of grandkids in our family. The times we all got together in grandma's (huge) yard for the summers? Priceless! You can't buy what you learn from each other anywhere. Family is so important.

[christineskeen]

This will be so helpful for others and helps to raise financially responsible adults. We did almost the same thing. We had to take ours to the bank every week, back in the day, and they were able to keep 1/2 their allowance and then they had to deposit the other 1/2 into their savings account. They paid for their own cars at 18, at 16 they drove ours. As married adults, they were each able to buy a home and now raise their children in the same way. 💜👍

[sarahking]

YES to the updated clip board system video, please!

[grizzfan]

I started mowing with a standard riding lawn mower when I was Hutch's age, and I remember using it as a learning tool when I started driving a few years later. I actually agree with your allowance system according to the child's age, much more reasonable. And yes, if they want something for themselves they should be the ones to pay for it, but it also teaches them the value of money for the future. Keep it up, you're doing a great job with this system!!!

[Neisha-nelson]

So you mentioned that your kids have jobs on ninja warrior does that mean that the kids featured in your videos get a portion of earnings for their part? It has always intrigued me how family YouTubers decide if/or not their kids get paid for being in their videos because they are “working” especially for the videos that are heavily focused on your kids. Like back to school shopping videos etc…

[carleenagiangiordano]

Lower budget advice:

I agree with everything Jordan said, but sometimes its helpful to see what a family with less money does 😊. So we have 4 kids (13, 11, 9, and 6) each kid gets $6 bi-weekly. $1 is tithed to the church (it's important to us to model and teach that from the start), $2 goes into savings, and $3 is for spending. We used to skip savings because we just didnt have the funds. We'd love to eventually be able to give more to savings just like Jordan does, but financially we arent there yet. $1.50 a week sounds like chump change, but my 9 yr old has $83 right now because she saves... It's really not hard for them. They have blown their money on gum and quarter machines, but bit they quickly realize they cant afford the big things. We don't buy our kids toys throughout the year. So outside of a special holiday, if they want something they have an allowance.

[FoodologyFeeding]

I love that you are teaching this!! It's really about learning how money works. The game Cash Flow is also really great for teaching how money works as well! It's not taught in schools (some would say that's done on purpose to keep us in debt!) but not learning it is really a disserve to kids and detrimental to their futures IMHO! Props to you for being proactive!!

[TessieDobey]

My eight-year-old son saved $85.00 for some Leggo set, he was so proud of himself.

[janaklein]

So i just started giving my kids allowances for the same reasons you mentioned and also run it in a similar way. It was fascinating when my daughter came grocery shopping with me and wanted a magazine and i told her she can buy it with her own money. She really thought about if she wanted it when she saw how much it cost.

[batmansuenos]

I applaud your parenting methods as an adult who was never taught how to spend and save money. I grew up poor and never asked my mom for money because I knew she had nothing to give me. As I grew older and got a job during college I finally had money to buy the things I never got to when I was younger. I dropped out of college for a few years because I got consistent income, however I never saved and spent everything. Now as I’m reaching my late 20s I have to relearn my spending habits and relearn the value of money. I’m back in school to get my BA next spring to get a better paying job to make more money that I’ll be able to pay off my student loans, invest, and save. I wish I had a mom like you who is teaching this important life skills at a young impressionable age. Do some of your family methods seem strict or unfair, personally kinda but your preparing these kids for their future. I don’t plan on having kids of my own but I do think your channel teaches some good life skills to people like me who didn’t grow up in a family who raised them to be functioning adults. Thank you for sharing your family’s methods! And I say that as sincerely as possible.

[kimwells]

Yes, I would love an updated video on your clipboard system. Your oldest is around my middle child. So, it would be great to see an idea of how your clipboard chart will look like upcoming ages 15-18. Thank you. So much information in this video.

[kristenl]

Love this! Would also love updated videos on the family store, 70% rule & 7 bank accounts please!

[sarkakoubova]

One of the best video! So much knowledge in such a short video. Thank you for that! I will definitely check it out again once my daughter is old enough.