Especially my 10 year old. He is all about making money.
2006-07-23 08:56:16 · 6 answers · asked by michael s 3 in Family & Relationships ➔ Other - Family & Relationships
OK, he's all about money. Try this (it's not original, I got it from Dave Ramsey. . . daveramsey.com). Pay the kids a commission, not allowance. Value their chores with a dollar value, for example, if you keep your room clean for a week, you've earned a commission of $ 1.00, for helping vacuum the house, x dollars, doing the dishes, x dollars, helping keep the yard, x dollars, etc. Do this with the following stipulations: for every day you do NOT do this chore y amount is subtracted from your commission. When you receive this commission you MUST give 10% to church or a favorite charity- - giving is IMPORTANT, you MUST save 50% in a glass jar, and you may spend 40% any way you want. If you want a video game you can buy it (parental approval required) when you have saved the money for it. Same with a new bike, skateboard, or other breakable/disposible/limited use items. On large things, like a new PS3 or something else of that nature, you may want to match them dollar for dollar but they MUST save at least 50% of the item to buy it.
Here's what happens as a result. They learn to save. They learn the value of money. They learn that not everything they want is a good buy. They learn to comparison shop (you will help them with that). The biggest lesson though is they learn NEVER to be in debt, because there is freedom without debt. As they get older they get their own checking account (without your control) and they learn to balance the checkbook and learn that if they write a bad check, it is THEIR responsibility to cover the overdraft, not yours. You do NOT get them out of a financial bind they put themselves in, EVER. They have to learn the lessons of hard knocks. You did, so the sooner they do the more financially mature they will be quicker.
Try this. . . . it WORKS!!
2006-07-23 09:09:06 · answer #1 · answered by snddupree 5 · 0⤊ 0⤋
they are way to young for real jobs, and I think they are to young to be thinking about making money and want to work I think their chores is enough and when the oldest is a little older maybe he or she could babysit. but maybe they can do some extra chores for the money and if you have a friend who need something done and if they can do let them.
2006-07-23 16:05:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Many things: go for errands, do the yard, he could even learn how to clean his bedroom, he could learn to cook sth easy (to begin) . You are also making him a favor in teaching him useful things. Someday he´ll live alone and that will be useful!!
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2006-07-23 16:05:21 · answer #3 · answered by Susy Wong 1 · 0⤊ 0⤋
They can vacuum, clean the kitchen/dining area after meals, cut grass (if you have a yard), dust the house, cook the meals. Just see what household that have to be done that they can do.
2006-07-23 16:05:10 · answer #4 · answered by rb42redsuns 6 · 0⤊ 0⤋
Clean the garage, basement, something like that......seeing how you didn't mention the chores he does...it is hard to say more.....but if you think, I am sure you could find more......
2006-07-23 16:01:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋
put em on the corner and tell em bring me the money.
2006-07-23 16:02:58 · answer #6 · answered by mrwrong720 2 · 0⤊ 0⤋