Is it too late to give my advice? I hope not.
I have been teaching family financial literacy for over 10 years and I will tell you that one thing that we have really noticed that if you tie money to chores you are setting yourself up for a fight.
Imagine when they are 14 and now have their own job...they are making their own money, they don't need yours anymore, then what? You have trained them to get paid for helping around the house, they now don't need your money therefore they DO NOT HAVE to help around the house.
If you tie money to chores, they will associate doing work in the house with getting paid, what happens when they get their own place and no one is there to pay them to clean their house? What about when they get married? No one is going to pay them to clean up after themselves. Think about what you are training them.
Here is what we do in our house.
My 13 year old and my 9 year old have certain “responsibilities”.
The 9 year old has the responsibility of making sure our floors are safe for everyone who enters our home. That means if there are foods or spills she cleans it up. So no matter who comes into our home, a baby, a dog or their 87 year old grandmother, they are safe because there is no debris, spills or garbage on the floor that they could eat, slip on or trip over.
The 12 year old is responsible for the health of our family and guests. This means her responsibility is to ensure that our bathrooms are wiped down, free of germs. She is also responsible for the clean air in our home. Which means, she waters the plants and the takes out the garbage.
We alternate dishes as a family, no one leave the kitchen until meals are totally cleaned up. We equally share and no one is left alone to “do their chores”. As a family WE are responsible for the cleanliness of our home.
Of course they are responsible for their rooms. TIP: I cleaned their room once, took pictures, put the pics in their dresser drawers and when their room is not up to my standards, I go into their drawer hand them the picture and voila, nothing needs to be said. I did this for all over the house to this way they know my expectations of cleanliness and there is never an argument.
Now what to pay your kids. It is totally up to you. But if you give them money and take it away if they don’t “perform”, YIKES! What would happen at work if your boss gave you money then took it away for poor performance, you would not stick around very long would you? Don’t train your kids to do something that is unrealistic.
There are many schools of thought around how much: do you pay them their age? Their age plus 10%? Twice their age? $20 a week? It is all very confusing.
In my house, my kids get their age as a “base salary”. This is payment for being my kids. If they show and everyday and are my kids, they make a “base salary”. It is not tied to chores, it is simply there because I want to teach them money management. They have a money management system that they must follow, but safe to say out of $13 a week that my oldest gets she has “necessity/play” money of about $8. She must give 10% to a charity of her choice (she has chosen to sponsor a young girl in Sri Lanka through World Vision), 10% goes to an education fund, 20% to specific saving accounts. That is her base.
Now, as a 13 year old she “needs” different things. EX: she “needed” an iPod. So she earned it. She did over and above her responsibilities, we negotiated a deal and she carried it through. Just like getting a bonus at work for extra work accomplished, my daughter received her bonus and earned her iPod.
Please, please, please, please, DO NOT tie money to chores. Our country is in the financial mess we are in because people think it is their “right” to be paid for doing what they are responsible for. Kids today need to be taught that they get what they give and that they have basic responsibilities.
Please teach your children a successful system that will carry them into adulthood.
PS: my daughters wrote an ebook on how kids can make money. http://www.heyyougetreal.com/kidsdomakecents.htm Just in case you want to see how successful our system is.
B.
Family Wellness Coach