Should children be paid for chores? Here’s what the experts say

0

It’s time to talk chores. Whether your kids are still young or have firmly entered tween and teen territory, there’s no denying that giving your sweet angels an age-appropriate set of chores has many benefits, including a slightly lighter load. for you as a parent.

One of the hottest parenting debates is whether or not you should pay your kids to do their chores, with plenty of reasonable and valid arguments on both sides. Scary Mommy has spoken to a slew of financial experts and child psychologists, and we break down the pros and cons of handing out cold, hard cash for a job well done.

Pony Up, Parents – They Deserve an Allowance

“Paying kids to do chores is a deeply personal decision, and each family should do what fits their unique financial situation. But it can be a great way to start teaching your kids the value of money and d ‘inculcate healthy financial habits from an early age.'” says Ksenia YudinaCFA, founder and CEO of One is.

What time, you may ask? Yudina recommends following their lead and discussing money with them whenever they express curiosity about it. “Studies have shown that children begin to grasp the concepts of money at the age of three and that many of their money habits are set by the age of seven. That’s why we encourage parents to start teaching their children about money as soon as possible,” Yudina recommends that these conversations begin around age six.

When you start handing out money, your kids will quickly see the benefits of working hard, adds Candice Moses, financial data analyst and CMO of Information: “Rewarding children for their efforts encourages children to gain an appreciation of the value of hard work.”

Adapt it to age and ability

Still, Moses notes that “the incentive must be commensurate with the task and appropriate to the age group of the child”, adding: “It is simply not possible for most families to pay a lot of money children for simple chores. If you are going to pay your children to do chores, make sure it is fair in terms of budget and complexity of the task. As a parent, you can encourage your children to do their homework by rewarding them for their efforts.

If you don’t know how to approach the allowance bridge, start small, especially if you don’t know how they might handle the extra pocket change, says Dr. Marla Deibler, licensed clinical psychologist and founder of the Center for Emotional Health of Greater Philadelphia. “Age-appropriate rewards, such as stickers, small objects, or activities, are great options for younger children, while money, tangible rewards, or activities are ideal for older children. and teenagers.”

Paul Sundin, CPA, tax strategist and CEO of Empariondon’t feel it all drudgery justifies a salary. (After all, as a parent, you do all the chores 24/7 without getting paid for your effort!) “Basic household chores, like cleaning their room or making their bed, shouldn’t be paid for since kids should learn the value of living in a clean home while they’re young,” says Sundin. “Special tasks, such as helping in the garden or washing windows, should definitely be paid for, because children shouldn’t be required to do them.”

Financial planner Carrie Fisher is a fan of paying for chores that ‘don’t necessarily benefit the whole house’ – for example, staying on top of bedroom messes – then encouraging them to find jobs outside the home when they’re older old and say bye to the allowance. “No child likes doing these chores, but putting a dollar value on them makes a difference. Of course, they should complete the assigned chores without reminders. It’s a great way to teach your child to give, save and spending money at a young age.”

Submit the paycheck

Not all experts are convinced that money for household chores is a good strategy, even if you give a general allowance. As Kimball Lewis, the CEO of EmpoweringParents.com, says, “Paying your child to fulfill an expected responsibility is akin to a bribe, and we do not recommend bribing your child to it fulfills its expected responsibilities. Lewis finds that tying money too closely to chores might teach your child that they can charge you money for good behavior — your child might eventually stop doing good deeds, like cleaning up a spill, without it. to be rewarded.

“When we use rewards/punishments to control children, eventually they stop working,” adds a clinical psychologist who specializes in parenting Nanika Coor, Psy.D. “You then have to make the reward more and more rewarding or the punishment more and more unpleasant – both are not sustainable. When you focus on connecting with your child rather than forcing them to do what you want, they are more likely to voluntarily cooperate because they care about their relationship with you Allowance is one thing, and “contributing to the family home” – which sounds so much less awful than the word “chore” for a child – is another.

Author David Delislewho writes about teaching financial literacy skills to children, says his goal as a parent “is not to get kids to do chores, but rather to teach them that we’re all part of maintaining family unit. I want them to see it as part of a community and getting involved because it’s the right thing to do. Not because they will be financially rewarded.

Delisle adds, “I like to separate household chores from teaching finance and earning money.” Sometimes, when the two are intertwined, he says, “We can easily end up with kids who are only willing to help if they get something in return…and neither of us wants that.

Share.

Comments are closed.