Theo decided he wants to get a job so he can finance his current Pokemon obsession. He said that when he is a teenager he is going to be an ice cream boy. When he is a dad he wants to be a farmer or a scientist. He is very excited about the farmer idea and keeps trying to talk me into getting a cow. A few people in our neighborhood have horses, but no cows and there will be no cows or horses here.
He is very persistent about wanting to earn money and I think it would be good for him to learn about earning, saving, and spending. So I am looking for suggestions on what you think works for jobs/allowances for a young child. He already has responsibilities at home that I do not want to pay him for like cleaning his room, helping with dishes, etc. Any thoughts?
3 comments:
My kids have to do their regular jobs daily...setting/clearing the table, putting their clothes away, etc. Then if there are any extra jobs that I need done I let them earn $ for those...washing windows, dusting, putting all the shoes away from the entry closet, folding and putting away towels, etc. I give them anywhere from .25cents to $1.00 depending on how difficult the job is.
We decided to pay the kids allowance once a month so they would have some regular 'income' to learn about money with.
The drawback is, they don't really earn it, it just gets handed over. (They do a lot to help at home, but it is not tied to allowance - they would probably choose not to do the jobs, and forgo the money) I have tried to institute 'money jobs' too (extra/ above & beyond type jobs) but it seems too hard to decide the right payment, keep track, actually have the money, keep it fair, etc... I should do better.
Anyway... we start at 5 and pay $1 per month per year of age.
I pay my kids to practice the piano, all their slave labor is free!
Lani
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