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Allowance

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Paid vs. Unpaid Chores - and why we do both | My Joy in Chaos

It's a topic that is debated quite frequently around the mom and family blogosphere. Some people are in the camp that doing chores and household tasks is part of being in the family and therefore don't require compensation. Others believe school is a child's "job" and household chores count as extra work. Then there are beliefs all over in between with every type of combination you could imagine.

Giving kids an allowance can teach them so much about how to manage money. But only if done correctly...avoid these nine mistakes to make sure your children learn proper money management with their allowance. #kidsallowance

Giving kids an allowance can teach them so much about how to manage money. But only if done correctly...avoid these nine mistakes to make sure your children learn proper money management with their allowance. #kidsallowance

A chore system that actually works!  This free, printable chore chart and allowance system is simple and easy.  A simple but effective chore chart that your kids will love and will save time.  #chorechart #allowance #freeprintable

A chore system that actually works! This free, printable chore chart and allowance system is simple and easy. A simple but effective chore chart that your kids will love and will save time. #chorechart #allowance #freeprintable

Why we started giving our kids allowance that's NOT tied to chores - Six Figures Under

I was generally against the conccept of allowance. I wanted my kids to earn money rather than just have it be given to them. Here's why we decided to give our kids allowance that's not tied to chores. Complete with details on when and how much we pay them.

I like to give $ for chores because it teaches the kids the importance of working hard and earning your $.

Through an allowance, you can teach your child the value of a dollar and to be fiscally responsible. However, before beginning an allowance program, you may first want to determine which scenarios warrant a payment.

Megan Volk
Megan Volk saved to Kids
Save for Your Retirement First or Your Children's Education? http://retireby40.org/retirement-or-childrens-education/

Financial planners advise people to save for their retirement first and then their children's education second. I'm unconvinced due to my personal experience.

When you were a child, did you look forward to the day when your parents would give you your allowance? Over the years, parenting trends have come and gone but the concept of parents giving their children allowance is one that has stayed strong to this day. It’s a great way to  teach children how to be responsible with their money. Learn how to structure an allowance program for your kids to raise grateful, financially literate children. #moneymanagementforkids #parentingtips

When you were a child, did you look forward to the day when your parents would give you your allowance? Over the years, parenting trends have come and gone but the concept of parents giving their children allowance is one that has stayed strong to this day. It’s a great way to teach children how to be responsible with their money. Learn how to structure an allowance program for your kids to raise grateful, financially literate children. #moneymanagementforkids #parentingtips