The cost of life is on the rise. The price of social goods (like an iPhone data plan) is rapidly increasing. Starbucks has raised its prices, and clothes these days are outrageously expensive. It just takes more capital to be a healthy and fully social teenager. To be “social” is to value relationships, so when you make your pitch to mom and dad, remember all those admonitions about the importance of relationships – relationships are king!
Here are a few tips on increasing the amount of your allowance:
- Approach your parents with a spirit of honor and respect as I Timothy 5:1 states.
- Lay out your track record of good stewardship.
- Delineate how the quality of your work has improved (they have improved, right?).
- Remind them you have kept your goal of saving ⅓; giving ⅓; and spending ⅓ of previous allowance and money earned.
- Demonstrate that you have done your research by asking your friends how much allowance they make and for what chores. Be specific.
- Come to them with a number in mind, but don’t share that with them up front. Build a solid case for a cost of living raise and why your expenses have increased.
- Gently remind them that gas prices (and other timely information) have come down so that they possibly have more margin to increase your allowance.
- After you ask, the first one to talk loses, so don’t speak first. An awkward silence is a valuable tool in negotiating your allowance.
- Go big on the ask and let mom and dad back you down to a desired number. For example, if you want a car, ask for a pricey one knowing you would gladly settle for a Kia.
- Pitch the change as an investment in your social capital and future leadership.
- If the negotiation breaks down, ask how you might improve your performance or add new tasks to raise the bar.