Over the summer, i’ve instituted “grow charts” for my kids. Here’s the general vibe: each child has their own weekly to-do list they’re supposed to work on everyday. The plan has been for every box they check, they get 10cents. At the end of the week, we count up the boxes & they get somewhere between $1-$3 / week for their grow charts. They’re supposed to save their money every week, after tithing & at the end of each month, we deposit their money in their kids bank by my hair salon. So far, this has worked pretty well over the summer. The key to the success of this is consistency on my part.
Today, i ramped it up a notch. I circled about 3-5 “tasks” that are required everyday (brush teeth, clean room, etc). For every circled task that is not completed for each week, i take away 10cents. So far, i think this is working pretty well. Its teaching my kids to importance of daily work & discipline, its giving them a constructive incentive to earn money, teaching them the importance of saving money (they compete w each other to see who has the most in the bank) & its teaching them the value of everyone pitching in to help & contribute to our family. Personally, its helping me to work on being consistent w my kids. With all of this planning & structure, i don’t really see a downside, especially if i stay consistent.
Key word: consistent