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Money for Chores?

Do your kids do certain jobs around the house (ok – yes, I am talking about the “c” word – CHORES) without getting paid for them?  Do you feel there are some things your children should just contribute (another “c” word) to the family or the household without having a carrot of some sort waved in front of them? 

I am feeling it is time to set up SOME sort of allowance system.  I previously wrote about financial expert Suze Orman’s opinion on allowances.  Her way is a bit “out of the box” but very interesting – and certainly makes some sense. 

A lot of parents I know tie allowances into chores – you do your chores, you get your allowance each week.  But most money experts say DON’T DO IT.  As Jean Chatzky, financial editor of the Today show and daily radio host on Oprah & Friends, said when asked if you should tie the allowance to good …

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Kids and Money: How to Structure an Allowance

Do your kids get an allowance?  If so, how did you set it up and what – if anything – is it tied into?  Do you find it is working for you or are you still having to play ATM more often than not?  And do you feel like you are setting your children up for financial success in the future?

Undoubtedly, you have heard what this Zen Mama Wannabe has heard from the money experts in regards to giving children an allowance.  Most experts say it should NOT be tied into chores, that children should do jobs around the house because they are members of your family – not because you pay them to.  Because, as they point out, what happens when they decided it is not worth it to them?  That they would rather NOT feed the dog or take out the trash this week?  Oops – now you have got a bit of a problem.  Better for …

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