Almost exactly four years ago I published a financial plan template for SaaS startups based on a model that I had created for Zendesk a few years earlier. I received a lot of great feedback on the template and the original post remains one of the most viewed posts on this blog up to this day. Very nice lens. I do the allowance thing for doing their chores, homework, etc. Kids loving having their own money. I let them save up for something special with some of it and also have a savings account for each one that they can’t touch. Current thing is letting them have loose change occasionally, they are all over that and its a blast seeing them roll it up, recounting, etc to deposit in the bank, lol.
Having been in this situation for a long time myself, and while it really doesn’t help add to the bottom line of stocking up on things or paying bills, one of my VERY favorite gifts is gift certificates to the local movie theater. Going to see a new movie in the theater is a complete luxury, but what I do is try to share the experience with the gift giver. Usually it’s one of my grown sons, so I have the pleasure of treating him to a movie and spending time with him in the process. Usually I use the certificates to treat him to the movie, then we stop for a bite to eat and he treats. So, the gift of a shared special experience – if not movie tickets, maybe to another kind of event that would be especially appreciated!