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The Chore Rewards Adventure: Turning Chores into Fun & Learning, for Kids 7-12
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Welcome!
Welcome to the exciting world of finance! It's never too early to help your kid(s) develop skills to build a better future.
Imagine turning everyday chores into opportunities for learning and earning rewards. With our Chore Rewards Adventure guide, you can do just that!
In this adventure, we're not just doing chores; we're setting off on a mission to discover the value of work, the joy of earning, and the thrill of reaching goals!
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I encourage you, dear parents, to take a few minutes daily or weekly to offer your kid(s) this education. They will thank you when they become adults.
Remember, this is more than just a list of chores. It's a way to spend quality time with your kids, teach them valuable life skills, and have a whole lot of fun doing it.
Are you ready to embark on an exciting journey where chores turn into rewards (or money), and learning about money becomes a fun family game?
Welcome to our Chore Rewards Adventure, a special short guide created just for you!
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For the detailed activity that includes financial literacy terms in a fun and engaging way with a short interactive story, please click here!
Activity Overview
​This hands-on activity not only teaches them how to manage money; it's also about becoming responsible, organized, and understanding the importance of contributing to the family.
​​​​​​​​​​​​​​​Step 1: Choose the model that will best suit you!
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Earning money for something special, like a new toy or a day out, can be exciting. Here are three models to choose from:​​
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Contribution Model: Chores don't have a set monetary value. They're part of contributing to the family, which means less work for parents and more quality time together.
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Earnings Model: Each chore has a value, either monetary (real money or SOdollars that you can print) or point-based.
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Hybrid Model: (My favorite) A mix of both. Some chores are about contributing, while others can earn a little money. This mirrors real life: teaching the joy of helping out, managing money, and understanding responsibilities within the family.
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Why the Hybrid Model is my favorite:​
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Joy of giving: Kids learn the joy of giving their time to make their parents happy.
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Real-Life Lessons: Teaches that adults work to pay bills and have a little left for fun.
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Responsibility: Shows that they are part of the household and must keep things nice.
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Obligations: Teaches that some tasks must be done without monetary reward, similar to paying bills.
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​Step 2: Setting Up
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1. Choose Chores Together: Sit down with your child to review the Chore Catalog. Decide which chores they can take on and discuss the importance of each task. Feel free to add any additional chores as needed! Now, decide whether you will give actual money for completed chores, use the SOdollars (fake dollars created just for you) or use a point system. For simplicity, each monetary value can be directly converted into points that can be used for rewards (e.g., making the bed is worth $0.50, which would be equivalent to 0.5 points).
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Choose Rewards Together: Review the Reward Catalog to identify exciting rewards
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Negotiation Time: Discuss which chores your child can commit to, the value of each chore, and the frequency. Create a chore agreement to ensure mutual understanding.
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Step 3: Execution.
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Chore Mission Challenge: Fill in the Chore Mission Challenge to track daily and monthly tasks. This helps kids see what must be done and analyze their earnings. In the downloadable content, you have three options to keep track of the chores (1. Per day of the week, 2. Per chore compact version or, 3. Per chore long version)
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Use the Jar: Use the jar as a visual aid to track progress towards their reward goals.
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Introduce interest and consequence concepts: Teach the concept of interest (e.g., saving reward points for a month earns an extra 10% on the money accumulated) and consequences (e.g., not completing chores results in a penalty of $5 or 5 points per week).
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Step 4: Monthly Review
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Update chore chart and reward progress: Review new chores and values each month. Help kids negotiate better rates or learn to accept lower rates.
​Want to get started? Use this written guide for free.
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For the detailed activity that includes financial literacy terms in a fun and engaging way with a short interactive story, please click here!
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You can purchase the downloadable content (SOllars, catalogs, negotiation guide, Chore Mission Challenge, and Saving Jars) for just $5! ​
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Click here to get downloadable content: