We think this is definitely leading to more kids working harder for their pocket money - at Spriggy, we have seen more than 6.3 million chores completed in the last 12 months.Īs for the Rose family, Lily and Bronte empty the dishwasher, fold laundry, walk the dog and occasionally cook the family meal. Kids are more clued in than we think, many of them hearing anecdotes about how hard it will be to buy a house when they grow up.
RELATED: The common pocket money mistakes parents are making Choose age-appropriate jobs Want more TV news? Sign up to Kidspot’s Talking TV newsletter for all the up-to-date news sent straight to your inbox. I have always explained to them that there will always be some kids that get more and some will get less - what was important to us was that our daughters learned the value of money and that we instilled a work ethic.” We started doing $1 per year of age if they did their chores.
“Before we started paying our daughters’ pocket money we did some background research by asking our friends we had an idea whether our kids were on a similar rate. We try to explain the value of earning money to our children,” Rose told Kidspot. “Getting paid too much reduces how a child values where money comes from and how it’s earned. She explained that it’s a fine line between paying kids too much - essentially spoiling them - and teaching them the value of a dollar and the reward gained from doing an honest job - appropriate to their age, of course. Take Sydney mum of two Victoria Rose - her daughter, Lily, 13 is paid $12 weekly, and Bonnie, 11, is paid $10 weekly. Navigating the world of pocket money and teaching our kids good financial habits is yet another thing that lands on the already packed parental plate.
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