I might recommend a dollar or two per week for a child of six. Paying the child twice a month teaches her to budget her money for longer periods of time than a weekly stipend. Allowances are great bridges to discussing money matters, a topic kids are woefully unschooled in. In general, I believe that kids should be allowed to spend their money as they choose. If they run out of money, parents should not rescue them, as this is a good lesson in money management. You should certainly offer your opinions on budgeting, various uses for their money, including regular charitable giving and saving money. As your child grows older, it's healthy to introduce him to the world of paid work, in addition to the allowance he receives. There are many jobs above and beyond her regular chores that a child can be paid for, in addition to paid work she can do for others. Experiencing the connection firsthand between hard work and financial reward is a most valuable lesson. I am sure that your six year old will benefit greatly from the consideration you have devoted to this important but oft neglected parenting role.
Allowance for a Six-Year-Old
Toddler and Teenager Expert Advice from Carleton Kendrick, Ed.M., LCSW