Teaching Money Management Through Allowance and Chores

Front

The idea that children should receive an allowance without earning it is incorrect.

Back

Children should not receive money without doing something to earn it.

Front

Allowance should teach children about money management.

Back

Children should learn to manage money by earning it through work.

Front

Assign age-appropriate chores to children.

Back

Children should be given chores suitable for their age to earn money.

Front

Imitate real-world work and money functions.

Back

Children's chores and payments should reflect how work and money operate in reality.

Front

Avoid giving money without reason.

Back

Parents should not hand over money to children without them earning it.

Tags

CCSS.RI. 9-10.2

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.8.2

CCSS.RL.9-10.2

Front

The false idea of getting money 'just because.'

Back

Allowance should not teach children they get money without effort.

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.1

Front

Chores as a learning tool.

Back

Chores help children learn about responsibility and earning money.

Tags

CCSS.RI. 9-10.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.2

CCSS.RL.9-10.2

Front

Real-world money lessons.

Back

Children should experience how money is earned and managed in the real world.

Front

Changing the way allowances are given.

Back

Parents should reconsider how they provide allowances to teach better money management.

Front

The role of parents in teaching money management.

Back

Parents should guide children in understanding the value of earning money.

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2