Wednesday, June 6, 2012

Chore Charts

CT has hit the wonderful age of 6... and he is constantly asking for things. Squinkies... Nerf guns... Legos... video games... a basketball. Enough, already!

I did some research on ideas for allowance based on the ages of my boys. I know CT can handle many different tasks and IG, who is 3, will have a shorter list of tasks. I want them to learn the lesson of earning money and prioritizing how to use that money, however I do not want them to expect payment for every little task they do. Somehow I'd like to find the right balance.

Here's the plan:

I created a Chore Chart for each boy. On the left are the tasks they should be doing every day; these tasks earn the weekly "allowance." CT will be paid $6 per week and IG will be paid $3 per week as long as they are being a functioning member of the family and doing these tasks (put clothes in basket, straighten bed, put away toys, etc.). On the right are additional tasks that can be completed for additional pay; a quarter per task for CT and a dime per task for IG.

I created the charts using PowerPoint, printed them on regular paper, and put them in frames from the dollar store. Now I can use them as "wipe off" charts. At the bottom are spaces that I can keep track of their day to day progress: if they completed the allowance tasks and how many extra tasks they completed. Pay day will be Saturday morning of each week.

While at the dollar store, I also lucked out and found Piggy Banks (!) so I bought four of them, 2 for each boy.
The plan is for one piggy to hold "Savings" and for the other piggy to hold "Spending." CT will be required to put at least $2 of his allowance in the savings piggy each week, while IG is required to put at least $1 in the savings piggy. At the end of each month, we will go to the bank and put the contents of the piggies in to their savings accounts. The other piggy is for their spending money. CT already has ideas for what he wants to buy. Once he picks his first item, I will research it's price and create a chart so he knows when he has enough money to buy the item.

This Saturday will be our first pay day. I have no clue whether this will work they way I would like it to or not. Somehow there has got to be a way to teach children about the importance of working hard to afford what they want without creating monsters that expect payment for everything they are asked to do. I see both of those types of children every day: the ones that expect handouts and the ones that ask "what do I get?"

I'll let you know how it goes...

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