Daily Excerpt: Clean Your Plate! (Bayardelle) - Chapter 1/Do you need any money?, Part 2
/ Excerpt from Clean Your Plate! (Bayardelle) - Chapter 1 Do You Need Any Money? (continued from May 22, 2024) So, How Do Kids Get Money? So, now that we can all agree kids need some kind of financial experience, the questions become how do we give them money, how much should they get, and what (if any) rules should be attached to the way they spend it? We’ll go over each of these questions in the upcoming sections, but before we go any further, I want to make one thing very clear: not all household chores should be paid. The Case for Unpaid Chores There is a wealth of psychological research that demonstrates the long-term benefits of having kids do chores. Kids who were given chores at home have been shown to have better social relationships and higher grades, get better early-career jobs, and manifest a higher degree of self-sufficiency (M. Rossman, 2002, cited in Wallace, 2015). These findings were strongest ...