dcsimg The Get Rich Slowly Forums • View topic - How do you teach kids about money?

  GRS Home  Forum Home
Bank Rates Center
   Savings Account Rates
   Money Market Rates
   Highest CD Rates
Insurance Rates Center
  Auto           Health
   Life              Home
Mortgage Rates Center
  Mortgage Rates
  Mortgage Quotes

Last visit was:
A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Mon Dec 22, 2014 11:27 am




Post new topic Reply to topic  [ 16 posts ]  Go to page Previous  1, 2
Author Message
 Post subject:
PostPosted: Wed Apr 11, 2007 7:16 pm 
Moderator

Joined: Fri Mar 30, 2007 5:39 pm
Posts: 283
prlinkbiz wrote:
I don't feel household chores are something anyone should get paid for. Nobody pays me to do the laundry, dishes, etc, why should kids get paid for contributing as the rest of the family does, and cleaning up after themselves?

However, going above and beyond, that I think should be rewarded; money in exhange for time. Hence the money to help with the weeds. And believe me, that is not an every week occurance. I used that as an opportunity to show my five year old how if I hired him to help with the weeds for two dollars, he could then hire his little brother for one dollar, and have his brother do the work, learning to leverage OPT (he didn't do it, but hopefully the idea will stick).


Our kids don't get paid for chores. Yes, they do get a small allowance to teach them how to budget and save, and to let them make mistakes and learn from them. But we keep the allowance and family responsibilities entirely separate. The two don't have to (and probably shouldn't) be linked. Our kids are expected to do their (age-appropriate) chores regardless, simply because they're part of the family. If they go over and above the call of duty (like when my nine year old spent an entire afternoon under the house helping me install a new vapor barrier) they get a little something extra. It's worked very well for us but, by all means, do whatever works best for you.

_________________
http://www.fivecentnickel.com/ :: http://www.raising4boys.com/ :: http://www.sportsinjuryinfo.com/


Top
Offline Profile   
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 16 posts ]  Moderators: bpgui, JerichoHill Go to page Previous  1, 2


Who is online

Users browsing this forum: No registered users and 24 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Theme created StylerBB.net & kodeki