Kids, Chores & the value of Money!

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For a long time we have always had our kids do chores with out reward other than a good job here or some sort of praise. We did not want our kids growing up thinking they had to get something for doing chores that they should do normally anyways. I wanted my kids to also know how to be independant when they left the house and be able to do things  for themselves.

As they have gotten older my thinking has changed some what. We have decided to start giving our kids an allowance because we want them to start learning the value of money and how to start saving. We decided to start giving our kids $10 a week. Out of that $10 they would give $1 in tithes to church and the rest left over they would split in 1/2. One half would go in savings and the other half they can keep and spend on whatever they want. I am very grateful that we have started our kids early, at almost age 10 and 13 my kids know how to clean their own bathroom, wash their own clothes,vaccum,load and unload the dishwasher, cook and a few other things etc. Some of the these things we still do for them of course as parents but at least we know, if they had to, they know how to do it. My kids still clean their rooms and feed the animals as part of their responsibility and they do still clean there own bathroom. They will also from time to time take on the other chores just so we know they still know how to do it. Sort of a test you might say LOL.

Here is a site where kids can earn rewards for doing chores called Handi Points. It also has printable Chore Charts.

Here is another place for Kids Chore Charts!

How do you tackle kids and Chores?

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12 Comments so far

  1. Sandy on July 30, 2009 6:26 am

    You are right on with the kids and chores! I agree completely. We do the same thing. I have made chore boards with old business cards(back plain side) and the sticky magnets that you can get at the office store that fit the business cards. Write the jobs on the magnets..put each child’s name at the top on a magnet and post their chores underneath their name. Simple and you can put them on a magnetic board or straight onto the refrigerator. You go girl!!

  2. Danna on July 30, 2009 9:56 am

    Our kids also do chores and we pay them a ‘commission’ for each one they do. They get paid $1 for each one they complete. If they don’t complete one, they don’t get the $1. We want them to learn they need to do their part but also know they won’t get paid for something they don’t complete. It only took a couple of weeks for my girls to get into a routine and now we don’t even have to remind them!

  3. Consumer Queen on July 30, 2009 12:03 pm

    Thanks guys. I am having a hard time keeping up with it during the summer because the kids are gone all the time LOL

  4. Annie G on July 30, 2009 5:16 pm

    Personally, I do not recommend linking chores and allowance. Chores should be done because you are part of a family. Just like you don’t charge your kids when you wash their clothes, they shouldn’t charge you when they clean or do homework. (Imagine coming home with the flu and asking your older child to watch the younger and having your children negotiating payment to both “watch” and “be watched”. Or losing your job and having your teen stop studying because you are no longer able to pay for good grades.)

    Everyone over the age of one needs to have household responsibilities, and also should be part of the “team” if they are available during yardwork time, cleaning time, etc.

    So, what about money? Do I think kids should also be given money just because they are part of the family? I think that’s ok, but not ideal. Instead, I recommend making your children responsible for a portion of the budget that affects them and letting them make the decisions. For example, if you budget about $10 per person a month for “media”, give your child the money and let them decide what books, video games, etc to buy. Toys, treats, entertainment, clothing, etc. also work. I’d say pick the area where your children drive you the craziest (like buying toys or candy) and turn the problem over to them.

    When I gave my teen (years ago) the money to start handling his clothing purchases, he became a much savvier shopper! Suddenly clothes on sale were actually a good thing.

    Of course, parents can still maintain veto power over any purchases deemed inappropriate such as a mature video game or school clothes that violate dress codes.

  5. shannon on July 31, 2009 9:20 am

    Thanks for your link to the chore chart! Great post.

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