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Tag Archives: kids earning money

Why You Should Pay Your Kids to Perform Household Tasks

Why You Should Pay Your Kids to Perform Household Tasks

When my younger brother and I were kids, we were expected to help out around the house. Both of our parents worked, so we had to do a few chores each week in order to keep the household running smoothly. Part of the time we got paid for what we did and part of the time we didn’t. It just depended on what we did and if it was expected or “above and beyond”. Reflecting back on those times I think our parents paid us when they could afford to. However, when money was tight for them it didn’t always happen. Now that I am an adult I feel like there are a lot of good reasons why you should pay your kids to perform household tasks. 1. They Learn the Value of Money Pay your children for part of the work they do instead of all of it. Taking this type of approach prevents them from thinking they should get paid for every little thing. At the same time, if you allow them some discretion in their spending, you help them learn the value of money. 2. It Builds Self-esteem Your kids are not your slaves and should not ...

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How To Afford Back To School Costs

Afford back to school costs

When I read an article last year about the average family spending $350 per child on back to school items, I thought that was insane. I know my kid is young,  but her school supply list has never been anywhere close to that amount. We were able to get all the things on the second grade list for under $20.I even have a post about where to get the cheapest school supplies! Why can’t people afford back to school costs? I assumed these parents must be out of their mind buying new shoes and clothes for their kids. Then, I started thinking about all the other things we spend money on at back to school time. I’m not sure if those are added in with the average cost estimate, but if they were, I can see how it might cost hundreds of dollars to go back to school. Obvious Costs The obvious costs include things like backpacks, pencils, notebooks, all those items in the bins up front at big box stores right now. You also have to dress your child and make sure they have shoes. There are a million ways to save money on these things, like buying used, ...

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