Commission/Chore List

We decided to take Dave Ramsay's approach for the most part with kids and money. We don't want to hand out allowance just because nor do we want them to earn it for everything either. So here is the chart I came up with to teach them about money. Before they spend any money, they tithe 10% on it and also put 10% in long term savings.

Here is the full chart:

The daily chores are what is expected from them to do as part of a family without being paid.
Here are chores listed they can earn money for. The boys will just alternate their chores every other week. The extra chores are beyond the basic and I put a minimum of 2 a day so that Josiah who is very motivated by money will not cause us to go broke!

And I thought I would throw in deductions for not behaving well.

So in theory, the kids learn that hard work earns them money (like a real job). If they don't work they dont' earn the money. They also learn the importance to giving to God first and also saving for something down the line. As for the deductions it teaches them that they can't argue and the such with co workers in the future or they won't have a job. I think all of this is a good concept and allows them some freedom such as they can "give" their chore over to a sibling and let that sibling get paid for doing it rather than them. We'll see how it goes. The kids are all pretty excited over this chart by the way!