[E&B's Mom]

When my kids were younger (younger than about 7) I used to give them a Disney Dollar every day that they made their own bed - I would time it so they had exactly $50 to spend as they wished, and we would buy them one special souveneir that we all had to agree on.

Now that they're older, we still buy them that one special souveneir, but all their spending $ has to be their own. They each get their age for their allowance ($12 for DD and $9 for DS) but 1/2 has to go into their college fund. So they have 1/2 their age to spend or save as they wish each week. They usually start saving two months before a big vacation.