my similar top + similar jeans + hat +bracelets | hayden’s similar pants + top | harper’s shorts + top | sheets + gray quilt + pink throw + pink pillow + art
What do chores look like at your house?! Is there a lot of complaining? Do you pay allowance? Or are you still trying to figure out a system? With all of us staying at home, this is a perfect time to figure out a plan that works for you and your people!
For us, having 5 little people and keeping things clean + organized can be a challenge. For Joe + I, we wanted chores to be more than just pitching in to keep the house clean. We wanted it to be a way to teach our little people more about responsibility at the same time. We tried and tried to find something that would work and just fell short Until my good friend Ralphie over at Simply on Purpose talked about her “family economy”. You guys, my mind was blown! It was almost exactly what we were looking for for our family! We’ve made a few tweaks and customizations to fit our needs, but we have loved how it works! Since it is working so well for us and a lot of people have asked how we get the kids to pitch in around the house, I thought I’d share it with you today in case it can benefit you too!
hunter top + similar jeans | my similar top + similar jeans + hat +bracelets
white bedding + pink pillows + pink blanket + art
:: WHAT IS THE FAMILY ECONOMY?
Our Family Economy is basically a deeper focus on your every day chore chart. It takes your typical do your chores to get an allowance, and teaches the deeper meaning. It teaches your kids how to save, how much things cost, and how to budget, while showing them that the effort they put in equals the reward.
:: WHY DID YOU CHOOSE THIS WAY OF DOING CHORES/ALLOWANCE?
For me, the number one purpose was to help + encourage me to be more of a yes mom. Constantly nagging my little people to do a set list of chores was getting old. I didn’t want to be the source of all the no’s and cant’s. We wanted them to grow up knowing that getting the things you want takes hard work + effort and it isn’t just a free handout. The family economy has been a great way to explain these simple things + encourage them to set and achieve goals.
:: HOW DOES IT WORK?
The first thing we did was customize our chore charts. This can be tricky for some people to come up with a good layout so I included a downloadable version below! Our little people each have chores they do every day to earn money. For us these daily things include things like making your bed, doing your homework/reading, hanging up your backpack + washing your hands after school, reading scriptures + saying prayers. As you can see, for the most part these are more things they would do already. For the bigger Saturday chores, we have taught them that pitching in is part of living in the house, and not something they are paid for.
As they do their chores, they have to get their charts signed off. If the job isn’t signed off, they don’t get paid. Based on their age, they have a weekly allowance amount. If they complete all of their chores, they get the full amount. If there is a day they don’t feel like doing their chores, that is fine. For that day, they will not be paid. We have had a few days like that, but they quickly realize they’d rather do it and earn more money. We also have weeks where we will offer bigger chores or babysitting for additional money.
:: HOW DOES PAYMENT WORK?
This is where things change from what most people know as chores + allowance. Instead of paying our little people in cash, they each have a checkbook ledger. At the end of the week, we look over their charts and figure out how much they have earned. We write that amount on their check ledger. When we are out at the store and they see a toy they want to buy, or a treat they’ve gotta have, we pull out their ledger. If they choose to get it, we just subtract that amount from their total. I love not having cash floating around the house, or the excuse of “losing it” their allowance money.
Now don’t get me wrong, we haven’t fully turned into buy everything yourself mode. We still have family date nights for treats and things. But if we are just running errands and they feel like a bonus treat, they know its up to them if they want to spend their money on it. It has been amazing to see them be able to process if things are really worth their money .
Saving is also a big part of the family economy concept that we haven’t completely visited yet. My little people are still young and in the spend spend spend mode, but we are going to start pushing saving soon. The way Simply on Purpose recommends for saving money, is to agree to double whatever is in their savings when they turn 16. Having a benefit, similar to an interest rate at a bank, makes saving money more appealing.
Most important in all of this is to do what works for you and your family. Comparison isn’t going to get you anywhere and one way of doing things doesn’t work for everyone. This is totally customizable and will take some trial and error, so work it out for you! If you try it let me now what you think! Catch our chore chart downloads below!!
photos : aubrey taiese
:: CHORE CHARTS ::
Just hold down on the image + save to your phone OR right click (if your on a computer)to print off and save to your desktop! TIP: you can add your child’s name to the top any chart
Would you mind sharing Where the paTterned pillow is from That is on your girls’ beds?
It was from Target last year
Hello,
I love this Idea! I am wondering how you decide how much money to pay your kids? Is each task worth an amount or is it by the day?
Thanks!
Robyn
I wondered this also!
We pay them by age. So Hayden is 9, she gets $9 if she completes everything on her list for the week. If they don’t get it all done, it is deducted from their amount.
I lOve family systems!! We’ve been doing a similar plan for several years. A couple differences…we printed our own money on colored cardstock. Each of our kids has a unique color. This prevents Money mix-upS. We also dobt have to worry about the kids losing their money!! We also start doubling whatever our kids save starting at age 8. At the end of every year, we count their paper money, pay titHing, and then match their savings. We taKe their Paper mOney and transfer the real funds into their bank accounts. Works so well!!!
How do your kids pay their tithing (if they do) from the money they earn if it all gets put on their debit cards? And are you able to just transfer $ from your bank account to their little debit cards?
AtAt what age do you implement this?
Question with your chore chart…how much do your littles get paid for an extra job?