Some children have the habit of tidying up their bed, room, and toys and participating in household chores to help their parents. However, not all children are the same, some need encouragement to do the household chores that are expected of them.
Many parents decide on an option such as a debit card for kids, which has countless options that will make life much easier for parents and children.
This type of card for children is designed to teach them financial literacy and complete tasks within the stipulated time frame.
Within the offer, there are various tables of obligations that are easily adaptable to any age of the child.
Children fulfill obligations on a daily, weekly, and monthly level, and collect positive points, which can ultimately increase their allowance and earn extra money. The taboo topic is whether parents should pay their children to do household chores.
What are credit cards for children?
This type of card is designed to teach children financial literacy, responsibilities, and the acquisition of skills that will be extremely important to them.
Parents open an account on behalf of their children by providing the children’s personal information such as name, surname, date of birth, and place of residence.
When the parents fill in all the necessary information, the account is activated by depositing funds in it and boom it is ready for use.
What can children do with this type of card?
Children can do various things with this type of card because it is designed to imitate the world of adults and finances.
Children have the option of learning financial literacy such as rational spending of money, creating a savings plan, investing in stocks, donating, and earning money.
In addition, children have the opportunity to monitor their duties and responsibilities through activity tables.
These tables are used for household chores, curricular and extracurricular activities, sports activities, and many others.
Children must perform their duties within the given time limit, if they do not fulfill their duties on time, they receive negative points or a reduction in allowance.
Thanks to these cards, children can earn money doing part-time jobs such as babysitting, dog walking, pet sitting, selling lemonade, or clearing snow from the driveway.
The pros of paying your kids to do chores
- You will motivate them if you give them money
It is easy to motivate children, but the problem is that they do not stay motivated for long.
Here you have to be creative sometimes so that children don’t lose interest quickly.
- Teach them money management skills
Teach them that they have to save money if they want to buy something for themselves.
And that if they perform all their duties on time, they will be rewarded proportionately.
Don’t give them everything on a plate, then the children won’t know how to appreciate what you give them.
- Pay them to take care of their younger siblings
Many parents choose to pay for babysitting services for their younger siblings rather than paying a stranger to babysit them.
Since older children know how to take care of them and what suits them best, by paying them in this way, the money stays in the family.
- The more they do, the more they get
If the children do all the work, they will get more, and this does not only apply to money.
You can ask them to have a sleepover with their friends, to go to a concert or the cinema at your expense.
Think about other types of rewards, it might motivate them more.
The cons of paying your kids to do chores
- When they grow up, no one will pay them to perform household duties
This implies that when they become adults, there will be no one to give them money when they do all the household chores.
Rather, they will have to do everything themselves in order not to live in chaos.
- They are easily taught to be rewarded
Some children later easily learn to constantly reward whatever they do.
This can be a problem because they have to complete the tasks themselves without any reward from their parents.
- Some children do not have a higher goal
When the parents are strict, the children fulfill all the obligations, but when they grow up and move away, the parents are no longer in the picture.
This means they have to do everything themselves, be good at work and have time to clean the house every day.
