Why Is It a Good Idea to Pay Your Kids for Chores?


Lately, I’ve started a system where each of our boys has a couple of new chores he must do each day. Yes, even the 4-year-old. I instituted this because I actually cannot keep up with the housekeeping all myself anyway.

I pay them a quarter for each of those jobs, plus I give them extra coins when they exhibit a wonderful attitude.

I’m able to pay them on the spot because I have a big juice jug full of change.

This has been working extremely well for us. Though yes, I always inspect their work, and make them fix things they’ve skipped over, like little Lego men peeking out from under the sofa.

 

Killing bugs for mom also counts as a chore. The 3 of them teamed up to kill the cicada under that stack of books! That particular job was free of charge. Ha!

 

Today I have asked Josh Wilson, of FaithFamilyFinance.com, to fill us in on why paying children for chores is a MARVELOUS idea, not just for us, but for our kids too….

 

Why Is It a Good Idea to Pay Your Kids for Chores?

One financial decision you will need to make with your children is if you should pay your children to do chores. There are several different reasons why this is a good idea. For starters, they can learn valuable life lessons. If you are on the fence about paying your children for chores, read more to find out why it can be a good idea.

Adults Work for Money

Adults work to earn money because they have bills to pay. Paying children for chores teaches them the value of work. They can learn about the incentive of working harder to earn more money. Just as you don’t get paid if you don’t work, you have the option not to pay your child if they don’t complete their chores on schedule.

Until your children are old enough to get a part-time job, paying your children for chores can be a good way to allow your children to work for a goal instead of simply being given everything they want.

It's a great way to teach your kids to work for a goal rather than being given everything! via @AprilandAlan storiesofourboys.com #responsibiityClick To Tweet

Chores Teach Commitment

Chores can consist of daily, weekly, and monthly tasks. Even if you decide not to pay your child for some everyday chores, money is a strong incentive to remain committed for additional chores. Your children can establish a work ethic early on.

Offering to pay your child for optional tasks that you don’t necessarily have to do is a good starting place. By not paying your child for every single chore they complete, you can reward them for their efforts while avoiding the entitlement spirit of thinking they “must” get paid for every chore or they won’t do it.

Chores Can Instill Entrepreneurship

Depending on your child’s personality, paying for chores can instill a level of entrepreneurship. By realizing they can make money by providing a solution to a need, completing chores in this case, they may decide to pursue their own side hustle as they grow older.

For example, if you pay them to mow the lawn, they might ask your neighbors to mow their lawns for cash. During the winter, they might offer to shovel driveways and sidewalks for extra cash. If you only pay them an allowance for not doing chores, they might miss out on these additional money-making opportunities.

Paying for Chores Establishes Expectations

As the parent, you can set the expectations for when your children will be paid for their chores. If your children don’t do it right the first time, have them redo the task to your satisfaction. Chores can be an excellent opportunity to learn attention to detail and working efficiently to maximize their earning potential.

Remember to consider your child’s age and experience when setting expectations. Just as there is a learning curve when you start a new job, your children will need to master new skills as well. As they mature, you can increase your expectations and maybe even give them a raise as well.

Chores Can Encourage Communication

Communication is a two-way street in every relationship. Paying for chores can teach your children communication skills that can benefit them in the professional world. On payday, you can review your child’s performance and encourage them or tell them how they can improve.

Your child can also improve their communication skills because they will learn how to accept feedback, good and bad, from their superiors. Chores can also teach negotiation. Your child might offer to perform additional tasks if they are trying to increase their income.

Children Can Learn Money Management Skills

Earning money allows children the opportunity to learn the value of saving money for future purchases and accomplishing other financial goals. If you offer them additional money for completing extra tasks, your children can have an additional incentive to work hard to achieve their goals sooner.

In addition to paying your children for chores, you can also teach them budgeting and banking. Instead of just giving them money and letting them go on a spending spree, you can have them divide their paycheck into saving, spending, and giving.

For example, you can help your kids open up a savings account and they can watch as their interest grows. Each month opens the doors for a new learning experience, and even earnings for your children. You should likely use an online account with low minimums and fees to help you children keep more of their money. My children use Capital One which has an account created just for them. This will prepare them for adulthood when a portion of each paycheck goes to taxes and living expenses.

Summary

Paying children for chores is one of the most debated topics about parenting. While no parent is required to pay for chores, doing so can teach your child valuable life lessons. If you decide to pay your child, remember that you don’t have to pay them for every single chore, and you can also base the payment on their performance.

 

 

Josh Wilson is the owner of a start-up personal finance blog, Family Faith Finance. Check out his blog and learn more about his journey through life.

 

 

When Alan First Deployed: My New Friends at 9-1-1

Real Army Wives Series. When Alan first deployed: My New Friends at 911. funny and sad stories of young army bride

******This is the 11th chapter in the series The Real Army Wives, stories from a young military bride from the beginning of Operation Iraqi Freedom, 2003.******

I tell you this particular chapter with hesitation and humility. It’s an embarrassing story, but at the time, this was my reality. I hope you can laugh with me now, and rest assured that I am not normally this paranoid. I promise.

When Alan first deployed, it was suddenly like….cue the sound of crickets. » Read more

Mommy Moments Link-Up

Mommy Moments

It’s no secret that motherhood has its seriousness and frustration as well as its joys. That’s why we are here. Life is much easier when traveled with companions! So mamas, let’s join together in the spirit of motherhood and share our moments together. We want to hear the happy, sad, tough, terrible, hilarious moments that make being a mother the best job in the world!

Today I’m partnering with Faith of Life of Faith, as her guest co-host to bring you the Mommy Moments Link-up.

This is a space where readers can find new blogs to check out, and bloggers can link up their stories or tips each week and encourage each other.

So allow me to introduce you to one of my favorite weekly link-ups, Mommy Moments!

Welcome to Mommy Moments! It is a blessing to look back on the past several years with all of our co-hosts, guest hosts, and community of moms linking up to encourage and challenge one another. It’s worth so much to know that moms have been blessed and maybe felt a little less alone in doing what God has called them to do. Thank you all for using your writing to be a blessing to me as well as to the hundreds of other mamas who are reading it. I’m thankful for each of you who have made this link up possible!

 The featured post this week belongs to Create With Joy and the “Inspire Me Monday” Link Up! Create With Joy is such a wonderful place to stop by and share your creativity as well as be inspired by that of others! We love supporting fellow bloggers and other link ups, so stop by and link your posts up there in addition to Mommy Moments every week! 

Inspire Me Monday!

 



 
 
Now, link up your post!
Post can include anything related to mommy-hood, children, homemaking, pregnancy etc. If you aren’t a mom yet, feel free to link up your preparation for motherhood, your journey as you try to conceive, or even a post that would be encouraging to the other moms in the party!

Then, explore some of the other posts in the link-up and say hello to some new blog friends! 




Please, pretty please, we’d love it if you would tweet or share the link up on Facebook so we can all make even more friends! Use the hashtag #mommymoments to help us all stay connected!
We would also love it if you could add the Mommy Moments button to your post or blog so everyone knows where you are linking up! If you are not able to copy/paste the code on your page, please e-mail one of us and we would be happy to send you the code!


 

1 2 3 228