Apr. 7, 2008 - New allowance system
Our church is having a 13 week class by Dave Ramsey called Financial Peace University.
He teaches anyone how to get out of debt and stay out of debt. Even though we are out of debt, it is still a really interesting class. In the 2nd week, he discussed his view of allowance for kids that makes a lot of sense. Assign chores(or let them pick) and assign monetary value to them. These are chores that are not critical for the running of our house. The critical chores are still done, without pay, as we have been. (Cleaning bathrooms/dishes/sweeping/laundry/animal care etc)
The ones that we have started doing this system to earn allowance are things like:
Washing the windows, washing the vans, vacuuming the vans, washing the kitchen floor, ironing, etc.
Every Sat night, daddy sits with the 4 oldest and asks if they did the chores they signed up for, and he checks them off and calculates their allowance. IF someone didn't do them all, they get to choose last for which chores they want to tackle for the next week. (and get a cut in pay)
It has been 2 weeks so far and is going well. If they want extra money for spending then they work for it. It's kinda like the real world. They get what they earn.
The kids get excited when it's allowance time. Here is a very candid picture I took this last weekend.
Comments
Apr. 9, 2008 - Untitled Comment
Posted by imasharp
That is a great picture. Love it. I went tonight and I loved the video. Dave Ramsey is a terrific teacher. I really enjoyed it and the boys learned from it too.
Christy
Apr. 10, 2008 - Untitled Comment
Posted by boysrus
I love that picture - too cute!
Blessings, Dee
May. 3, 2008 - Update please
Posted by Eunice
Can you please update, we are very interested.
