Money In Your Pocket

In just 3 short weeks, we'll have a first-grader in our house. As another way to mark that new stage in Lily's life, we plan on starting her on an allowance.

Source

With Lily being our oldest, she oftentimes ends up to be our "lab bunny". We agreed to give her a euro a week for personal necessities like extra candy or, if she decides to save up, a small toy. At the same time, we will probably add a chore to her duties around the house, probably engaging her more in taking care of the dishes (set the table, help loading the dishwasher, etc.).

If you have kids yourself or in your family, when have they first received an allowance? Did the kids have to help out more in exchange or was it a benefit without duties attached? I'd appreciate your thoughts and advice  :-)