Our "goal" (aka not there yet) is that by 14.5:
They're being paid a "living wage" in allowance. Not a "good" wage, by any means... but a wage that would allow them to live without going into debt. A chunk of that would go towards "rent" (realistic rent, aka a dorm/studio/or room...that we'd then stick in savings for school), a chunk would go towards his share of bills (which actually would go towards bills). Then everything else "left over" goes to pay for "everything else". AKA clothes, sports, savings, entertainment, copays, etc. Our thought process is that we'd rather have him screw up while at home and learn these lessons with a net, than for him to screw up on his own and have to bail him out when there's a lot more on the line.
Right now... our 7yo has the following chores, and receives up to $10 a week for them ($1 a day, plus a $3 bonus if they're all done timely & with good attitude... we have a chart where he checks them off, & I mark it at the end of the day for the attitude):
Daily
- Wash his face (or shower)
- Brush his teeth
- Make his breakfast (cold, at this age, no cooking allowed)
- Dishes (his... washed dried and put away from each meal)
- Make his bed
- Pick up all toys except 2 (as in he can leave out up to 2 that he's working on/ playing with)
- School
- Play
- Help with projects (yard work, building, whatever dad or I are doing)
- Help with dinner (aka help cook dinner)
Weekly
- Wash sheets and remake bed
- Wash & put away his clothes
- Clean his room
- Pick a Chore x1 (like taking out the garbage that week... or mopping... etc.)
As he gets older we'll be adding more chores (like right now my list is about triple/quadruple his) until it's about an even split with him being able to do everything that I can do (from cooking and cleaning to paying bills and saving and longterm planning). So we'll slowly be adding things like cleaning one room every other day, cooking a certain number of nights per week, etc... until he's totally able to be self sufficient. If he was 14.5 today (aka god only knows what inflation will do)... he'd be making about $250 a week. Our goal is to be teaching self sufficiency & money management. We include things like play & hygiene & school in our "chore list" because we're also trying to teach balance along with responsibility/ money management/ awareness. We consider chores to be not exactly work... but more the business & art of living. And since we live in a money based society, learning how to manage money is definitely a part of that.
((14.5 is a magic number in our family... because for US that's when he stops being a child and becomes a YOUNG adult. At that point the person *essentially* gets to make all their own rules. It's the net thing again. Better to learn that you can't stay up until 4am and then make it to school on time in Highschool rather than college or at a job. If a 15year old oversleeps the parent doesn't drag them out of bed, shove them in the car, race to school and sign a note... but instead lets them learn to handle themselves, while still under the security of being at home. Essentially it's the transition from being a "parent" to a mentor. But that's just our family. Actually it scares me more than a little, as it tends to be hardest on parents to let your kids fall down to learn how to walk, than to hover and catch them. I know I'm going to be biting my tongue a lot that year. ))