I agree chores should be kept apart from "jobs" that he gets paid for.
I would create a list of jobs that he can do and how much he will earn when the "job" is complete. I would also leave some job payment slots empty because these jobs may be harder or easier depending on the season or schedules. That way he can also learn to negotiate with you and determine what the "job" should pay. I would also tell him he must check with you or DH before starting a job so you can see the before and after.
I would also set up 3 jars for his job $$$ (a save, a spend, a charity) 50% goes to save 40 % can go to spend and 10% to charity or whatever works for your family. If more kids were taught at a younger age how to save more adults would not be in such a credit bind,
Answer by justgrape723 at 10:20 AM on Aug. 5, 2010
we prefer to have allowance a separate issue from chores. In our house the kids do chores because they are part of a family and they need to participate as such. They had chores from early on.
At some point we decided they needed to learn how to deal with money and budget money... so we gave them an allowance. They have to save part, part is for spending, and we suggest they donate part.
They can earn extra money for doing extra chores... but if they do not do their chores they are not docked money. HOWEVER, they DO get into trouble.... because they have let down the family.
Answer by sahlady at 4:54 PM on Aug. 4, 2010
Answer by TJandKarasMom at 8:30 PM on Aug. 4, 2010