Should you or should you not have kids do chores to earn their money, or, should you just give them their money?
I’ll make it easy. If you want to support the entitlement program of, “I’m on this Earth therefore I’m entitled to be supported”, then just dole out the dough. But if you want kids to understand that the only way to get money is to earn it, then tie money to work.
There are two types of chores in a household: Citizen-of-the-World chores which you do for no pay, because we all share a planet. And Work-for-Pay chores, where kids learn the life skills to make a home run—and they earn money. For more tips and tools go to www.childrensfinancialnetwork.com/. Let me know your thoughts.
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