Are you tired of nagging your kids to do their chores? Do you want to teach them about money in a way that’s fun and effective? The Payday Agreement & Chore Chart Scoreboard is the perfect solution for you. For just $5.99, you can get started on your child’s financial literacy journey.
What is it?
The Payday Agreement & Chore Chart Scoreboard is a two-page printable designed to help parents and children manage chores and allowances.
- The Payday Agreement – This page serves as a contract where your child agrees to complete three specific jobs each week to earn their weekly pay. It includes spaces to calculate a “10% tax,” as well as the remaining pay after tax.
- The Chore Chart Scoreboard – This page allows you to track up to three jobs over ten weeks.
The Best of This Product
The beauty of this product is its simplicity and educational value. It’s more than just a chore chart; it’s a tool that teaches real-world financial concepts.
- Taxes: The Payday Agreement introduces the concept of taxes by having your child calculate and subtract a 10% tax from their weekly earnings. This helps them understand that a portion of their income goes to taxes, just like in real life.
- Budgeting & Savings: The terms and conditions suggest that the remaining pay be divided among savings, spending, and giving jars. This encourages children to budget their money and learn about saving for things they want and donating to causes they care about.
Pros and Cons of Using this Product
Pros:
- Easy to Use: The printable format makes it simple to get started immediately. Just download and print!
- Educational: It provides a practical, hands-on way to teach kids about earning, taxes, and budgeting.
- Clear Expectations: The agreement creates a clear understanding between parent and child about what needs to be done to earn an allowance.
- Builds Responsibility: By linking chores to pay, it helps children develop a sense of responsibility and a strong work ethic.
Cons:
- Minimal Features: This product is a basic starting point. It does not include additional tools like savings planners or detailed guides for more complex financial topics.
- Requires Parent’s Involvement: While the chart provides a framework, parents still need to actively guide their child through the process of calculating taxes and dividing their money.
Payday Agreement & Chore Chart Scoreboard Bundle: Kids Allowance System for Financial Literacy & Chore Accountability
Stop the chore wars and start building Money Masters!
The Payday Agreement & Chore Chart Scoreboard Bundle is the $5.99 digital download that brings structure to responsibility.
What you get:
- Payday Agreement: A simple contract for you and your child that defines three weekly jobs, introduces a hands-on “tax” (10%), and teaches money division into Saving, Spending, and Giving accounts.
- Chore Chart Scoreboard: A 10-week visual tracker for motivation and accountability.
This two-page tool is the perfect foundation for clear, stress-free financial education and earning!
Looking for a More Comprehensive Solution?
If you’re ready to go beyond the basics and dive deeper into financial education with your child, consider upgrading to The Allowance Blueprint!
This is the ultimate toolkit to kickstart your child’s financial journey. In addition to the Payday Agreement and Chore Chart Scoreboard, this bundle includes:
- Allowance Budget Template: A detailed template to help your child plan how to allocate their money.
- Savings Planner: A tool to help your child set and track savings goals.
- First Budget Template: A simplified budget template to introduce more advanced financial planning.
- Charity Donation Template: A fun way to track and plan their giving.
- Step-by-Step Guide: A comprehensive guide that teaches you how to implement each step of the allowance system and set your child up for financial success.
Get The Allowance Blueprint today and empower your child with the financial skills they’ll need for a lifetime!