Then we as the bank actually hand them the actual amount in cash. Then if the kids want to spend some money from their bank account they get their checkbook registers out and make a withdrawl. We record what they did and the amount we have deposited into their “bank account”. So we decided to give each of them a checkbook register to record their earnings every time they earned some money. Then we ran into the problem of having the proper amount of change on hand sometimes to pay them when they were finished.
They are only paid when the job has been completed to mom and dad’s standards. Each job has a set price based on the difficulty and the type of chore they choose to complete. Then we have compiled a list of other chores and jobs that they may do to allow them to earn their “allowance”. Although we do not pay them for this, we have a point reward system to motivate them and to reward them for their obedience. For example every day they are expected to have their rooms clean and their beds made and complete a couple of additional chores that need to be done that day. So at our house the kids are each expected to do chores they are assigned to every day without pay. I want them to grasp the concept that if they want money, then THEY are going to have to EARN it! We want our kids to realize that when they are older, someone will not just hand them a sum of money each week for doing nothing. Personally, we do not believe in giving our kids a weekly or monthly allowance.
My husband and I have tried for a while to determine the best way to teach the basics of money to our children.
Printable checkbook ledger download#
Now you can download documents to make your kids their very own checkbook registers!
0 kommentar(er)
