Showing posts with label chore charts. Show all posts
Showing posts with label chore charts. Show all posts

Saturday, January 21, 2012

Chore Charts, Allowances, and Savings!

So we have made a chore chart for the kids...I'll let you know how it works for us...modifications may need to be made.
They have alternating days on some things or alternating times of day. 
I have made it color coded, Yellow=morning, Blue=evening, Purple=anytime.

The kids will start getting an allowance ONLY if EVERYTHING on the chart is done each day. Each Sunday we will dole out allowances. I am thinking $.50 a day. At the end of the week, they will each earn $2.50 spending money and $1.00 will go into a savings jar for each. At the end of a year, that is $130.00...not bad money for 4.5-5 year olds. They will each have saved $52.

I know some people think that chores don't let kids be creative, or steal their childhoods, but you know what? I did chores as a child and I'm ok. Also, it teaches that if they make a mess, they need to clean it. I like to have a clean house and I don't like having to get onto the kids about it, so if they are rewarded for doing it, I think it will be better. I wanted to add more to it, like folding laundry, unloading the silverware from the dishwasher, dusting, cleaning windows, and more, but we will see how this list goes first. I may add an "extra credit" type of chore list for them each later (or just an extra page).

Next, I went with $.50 a day because it is something they can see fill up a coin jar. They will get paid in quarters. It also allows us to work on math, coin counting, and more.


Why the savings? Well, I think it's important that they learn how to manage their money. I wish I had better learned how to do that while growing up and it's something I still struggle with today. If they only fulfill two days worth of chores, they will earn no money that week, but the $1 will still go into savings. Sorry kids responsibility is tough, but at least you don't have to pay taxes!