There are many viewpoints and opinions about these issues.
Some people believe children should do chores just to help their family and not to earn money.
Others believe children need to earn money to learn lessons on spending and saving at a young age where the risk isn't so high. You can pay money per chore or in one lump sum when all of the chores are finished.
I'd like to think I'm somewhere in the middle. I believe there are certain jobs our children need to do to help out our family. I always tell them "We are a team!". On the other hand, I also think they can learn a lot about managing money, saving, spending, and goals at an early age that can save them from mistakes as a young adult.
But we also struggle with earning money through chores because they only want to do them when there is something they want to buy instead of consistently earning and saving. It makes me wonder if I'm doing it "right". So I went in search of ideas and solutions other moms are using.
Earn minutes toward electronics time with these chore tokens.
Idea from Deja Ju
Allowance is automatically given (chores are expected as part of the family and not paid for) and they use a chart to keep track of what they have earned and where they have spent their money.
Idea from Ducks in a Row
Earn money with chores and save for a family vacation
Idea from Love Our Disney
Interactive velcro chart to help your child independently keep track of their responsibilities.
Idea from PRACTIPS
Job chart with daily and weekly responsibilities (free, printable) to teach kids to work.
Idea from Emmy Mom
Printable Chore Cards
Idea from Biblical Homemaking
DIY Banks for Saving and Spending
Idea from The Activity Mom