Currently viewing the tag: "pocket money"
Super cute money box from Down that little lane

Super cute money box from Down that little lane

It’s Saturday, which in our house means pocket money day.

I have always had mixed feelings about pocket money.

On one hand, I like that it teaches the kids to be responsible with money and to learn the true value of things.

On the other hand, I feel like it is a slippery slope to bribing the kids to do the jobs at home that they should probably be doing for free.

So with all of that in mind, here are a couple of tips and tricks I thought would be worth sharing…

  • How much? My older three kids are close in age, so I pay each one the same amount – $5 per week. My littlest poppet gets $3 per week.
  • Performance bonuses? We do occasionally pay a bit extra for special things. For the past two years it has been Naplan. Love it or hate it, it can be a big deal when you are 8 years old! So we did a deal with each of the kids that if they tried their best, the reward would be $20 payable when results come out.   Regardless of scores, rankings, the $20 would be paid for a positive attitude and for trying.
  • Job jars – when we are having a household spring clean, I put 4 jars/ glasses on the bench (one per child) and then have a list of jobs we need to do. Each job is worth 20c – 50c. My most industrious kids can earn $5-$10 in a morning, whilst the slightly lazier ones usually end up with $1-$2.
  • What do the kids spend it on? This is up to the kids themselves. If they want to blow it on lollies, they can (within reason!). If they want to save it up, I’ll help them out. If they want to buy $5 worth of sticky men to splat on the wall, they can. One overarching rule applies though, if we are out at a market, the shops, anywhere they are able to buy something, the only money they can spend is their own. This can occasionally lead to tears, when one of the kids has blown their money on lollies, and then sees something cool they would love to buy, but have no cash left. Those moments are the toughest to handle as a Mum or Dad, more so when we are in public and there is the real threat of a tantrum. The key is to hold your ground though, as it is a valuable life lesson.

Do you pay pocket money in your house?

Enjoy xx

 

How cute is that little piggy bank in the pic!!  You can find it here…

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Pocket money time!  This little guy is available from The Pig Pen via Etsy

Pocket money time! This little guy is available from The Pig Pen via Etsy

Happy Sunday!

Sunday to me means late breakfast, kids sport (hello soccer Mum & Dad), and time to clean up.

With four kids, two adults, a dog, not to mention two full-time jobs, one business (that’d be here folks), clean up at the end of the week means a lot of mess and chaos!

When the tribe were little, the lovely Big A would take all the bubs out for a few hours while I cleaned up solo.  Sounds very 1950s doesn’t it!  Despite being a little retro (in a housewifey way), it was a great way to get on top of things again, no litttlies underfoot, and Big A got a coffee. Win-win!

As the tribe have grown up a little, I have changed my tune.  I decided it was important for all of the kids (yep, boys and girls, though I think that should go without saying) should learn how to clean up, and how much effort goes into keeping the house clean. Hand in hand with my change in attitude towards cleaning (goodbye solo approach)  has  been the introduction of pocket-money.

Here’s my system, Sunday is ‘job jar’ day.  Every member of the tribe gets a jar with their name on it, and every job they do is worth money.  The amount depends on the job.  Cleaning the windows is a 50c job, while cleaning the table is 20c. Our key bits of cleaning kit are Method spray (no not a sponsored pots, but this stuff is all natural so no nasties), water, paper towel and baby wipes (which are awesome for cleaning and can remove anything off anything).

Two things about ‘job jar’ day constantly amaze me:

  1. The kids actually do a pretty good job, which means less cleaning for me to do by myself.  Windows are cleaner, bathroom is more sparkly, what’s not to like about that?
  2. The money they earn is then spent very carefully, because they worked hard to get it.  All of a sudden that $5 trashie (this is the latest thing for the boys, who knew ‘trash’ was so much fun!) is not looking as attractive.

Job jar money = a weeks pocket-money. Simple.

Do you have a system for pocket-money?  What is your going rate?

Enjoy xx

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