Should an allowance be tied to chores? It’s an important question with no right or wrong answer. Consider these perspectives when determining how to approach this topic with your family:

• Advocates of linking an allowance to chores believe it’s important for children to learn how to earn money by doing something and getting paid for it. Earning an income, it can be argued, fosters greater responsibility and reinforces the value of work.
• On the other hand, there are those who are against linking chores to allowances because household chores are an inherent responsibility of every family member. An allowance can therefore be used as a tool to teach financial values and habits—not to reward what every family member should do.

 

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