I have 3 questions about why parents should require children to do chores in order to earn money.?
1. How does it teach money management?
2.How does it teach responsibility?
3. About what percent of children work hard to earn money?
1. They will now have their own money and if that money is for specifics (toys, movies, gifts for parties etc) they will have to save enough aside for that ie. manage it!
2. It helps teach the work ethic and that alone is a responsibility. You work for payment. You are responsible for those jobs or you miss being paid.
3. This is not something that’s recorded and would differ with each country and age group – here in Australia, I would guess, no more than 5% of children 5-15 years of age work "hard" to earn money.
Categories: Money Management Age Group, Australia, Chores, Earn Money, Guess, Hard Money, Jobs, Money Management, Parents, Specifics, Toys, Work Ethic, Work Money
1. They will now have their own money and if that money is for specifics (toys, movies, gifts for parties etc) they will have to save enough aside for that ie. manage it!
2. It helps teach the work ethic and that alone is a responsibility. You work for payment. You are responsible for those jobs or you miss being paid.
3. This is not something that’s recorded and would differ with each country and age group – here in Australia, I would guess, no more than 5% of children 5-15 years of age work "hard" to earn money.
References :