Giving is an important part of our family. A few months ago, I noticed the girls were entertained by finding loose change around the house and collecting it "for the act of giving it away". I wanted The Princess to learn that, while giving is a wonderful thing, she can also save some for herself. And she should not only SAVE some for herself, but give herself some SPENDING money as well.
Some might think that our kids are too young to have a chore chart and to be getting money. I think kids are smarter than people give them credit for and learning about money from a young age is essential. Our kids don't get an allowance, they get commission. The chore chart, which is a great way for them to learn to contribute to the family by doing some tasks, is OPTIONAL. I don't hound them to do their chores. To be honest, they are way more into it than I would even like them to be! (Because when Hammie does her chores, I still have to supervise, so it makes more work for me!)
What sort of chores do they have? Well, our girls are two years and soon to be five years old. Their chores include:
