Will has been getting an allowance since he turned four years old. We give him four dollars a week and he gets to spend it how he would like. We do have the fancy bank where he needs to put aside some for SAVING, some for GIVING, and some for SPENDING but at this point he is just so thrilled to have money that we let him use it how he would like. I suspect that next year we can start up with the bank and he can learn to put some aside.
It has been hysterical though to see the things he saves up for and the things he purchases. Here is Will's "List for Santa" as we know it:
1. Small wrench from the hardware store (this was one of his first purchases)
2. Small blue caulk gun (he bought this in anticipation of the caulking that they will need to do downstairs)
3. Yellow !Caution! !Cuidado! Tape (he loves this purchase and sets up caution blocks all over the house for us)
4. Bolt Cutters (this is something he is saving for so he can have his own next year at the pumpkin patch)
5. Microwave (he has been asking for this but we really don't have room for him to have his own)
6. Oven (again, there is a space issue here)
7. Tights (he really wants rainbow tights like his friend Lane)
8. Snow Globe (he loves these!)
9. Scotch Tape with a dispenser
10. Tiara like Fancy Nancy (Jane Connor books)
11. Fire extinguisher (there is a tiny plastic one for dress up that he has his eye on)
12. Pirate Hook (another dress up item that he has seen at the toystore)
This is not to say that he hasn't wanted and purchased toys too. Here are some of the toys he has purchased:
1. Bruder Logging Truck
2. Small Firetruck
3. Art Supply (HUGE bead set)