We're thinking about starting this for 2012. We don't want it tied to responsibilities or chores, but just as a way to help give them more responsibility with money. Overall, they are good with the basic principles of money -- they know they need to allocate for Giving / Saving / Spending, but we think they could use more regular "practice."
I'd love to know what you do (or, if you don't do anything at all). You don't need to tell me how much (but you could).
Does it depend on the age of the kids, or do they all get the same? Do you increase each year? What have you taught them to do with the money (as I said, we do Give / Save / Spend, but another friend of ours does God / Others / Self).
Please leave a comment, or email me your thoughts.
(Edit: You can read the follow-up post, More on Allowances and Responsibilities, and also check out a blog post from Art of Manliness, Giving Kids and Allowance.)