Do you give your kids chores? Do they earn an allowance or are they paid on commission? There are many viewpoints and opinions about these issues.
Some people believe children should do chores just to help their family and not to earn money.
Others believe children need to earn money to learn lessons on spending and saving at a young age where the risk isn’t so high. You can pay money per chore or in one lump sum when all of the chores are finished.
I’d like to think I’m somewhere in the middle. I believe there are certain jobs our children need to do to help out our family. I always tell them “We are a team!”. On the other hand, I also think they can learn a lot about managing money, saving, spending, and goals at an early age that can save them from mistakes as a young adult.
But we also struggle with earning money through chores because they only want to do them when there is something they want to buy instead of consistently earning and saving. It makes me wonder if I’m doing it “right”. So I went in search of ideas and solutions other moms are using.