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This agreement is intended to communicate the goals and terms of the allowance.
agreement is between _____________________________ (name of "allowancee" - receiving
the allowance) and _______________________________(name of allowanceor - paying the
Reason for the allowance: (goals of agreement)
An allowance is being _____________(given/earned) for the following reasons;
(Example: to teach responsibility, learn to manage money, have own spending money)
1)How the allowance will be earned:
(Example: specific jobs around the house, school performance, helping others)
The allowance will be in the amount of _________________.
3) Payment term:
The allowance will paid______________ (daily/weekly/monthly) starting on the ______________(1st, 15th, 30th or specific day) day.
The allowance will paid in _____________________ currency.
5) Use of allowance funds.
The allowance will be used with the following restrictions;
(Example: no restrictions, % savings, % gifts, %discretionary spending money)
6)Duration Term of this agreement:
This agreement is effective on _____________________(date) and will end on
In the event of a dispute over any of the terms of this agreement;. both parties agree to
binding arbitration. The arbitrator will be _____________________________ (name)
This agreement was agreed to at_____________________ (city) and in the ____________________(Country)
Signatures of parties to this agreement::
Name of Allowancee
Signature of Allowancee
Name of Allowanceor
signature of Allowanceor