Real-life money lessons

Making Money with Chores

Today’s post comes to you from my son, J! He’s here to talk to you parents about paying your kids for chores.

Hi, I’m J. Here are some reasons why you should pay your kids for doing chores. One, you won’t have to do them yourself. Two, if your kids don’t do any chores they won’t make as much money as they could be making. If you pay them to do chores, they can earn money and learn how to manage the money. Three, if your kid doesn’t do work around the house, how will they know how to do it when they grow up?

Your kids can do a lot of things around the house to earn money. For example, they can clean the bathroom and kitchen like I did today.

Here are some chores I earn money from:

  • Fold the laundry
  • Dust upstairs
  • Dust downstairs
  • Vacuum upstairs
  • Vacuum downstairs
  • Sweep the basement

There are also things that your kids should always do without getting paid. For example, they can take out the trash like I do.

Here are some of the things I do around the house and don’t get paid for:

  • Dry the dishes
  • Clean the table
  • Help prepare the meals
  • Do my homework
  • Practice my instrument

You also have to price the chores reasonably. You don’t want to price the chore too high or too low — always price it $10 or under. For example you don’t want your kids to earn $1 for cleaning the whole house because that is too little pay. But if you pay them $20, that is way too much; let’s say around $10 for that job.

Well, that’s all I have for you guys. Bye!

(Disclaimer: Like the last time J wrote — about kids spending money — I offered to pay him $1 per paragraph to write this post. The terms are a minimum of 3 paragraphs and a maximum of 6. I require a typed rough and final draft, and he has to read it aloud to me. It’s a great opportunity for us to talk about money!)

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