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The Money Messenger -- Fall Chores & Allowances
September 02, 2010
Welcome to Issue #034 of The Money Messenger!
The Money Messenger brings you the latest on your kids and money.
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While the unofficial end of summer for most of the U.S. is marked by Labor Day Weekend (which is just around the corner as this goes to press), many kids have already started back to school. It certainly feels like summer is over to them (and to their parents).
While you and your teen may be working on some of the ideas from August's newsletter on teen money management, it can also be a great time to review and update chores, allowances and how they impact the family budget. Using the newsletters together can have even more impact than just using the idea one at a time. It's like a power booster on teaching kids about money!
A reader's question on tracking chore programs for 3 kids
Helpful links and resources
What's new and what's next?
My kids are in the group that goes back to school in mid-August. We are already into week #3 but it doesn't seem like we have a schedule groove just yet. That applies to chores and allowances, too.
The days are still long enough - and plenty warm - to spend time outside. Knowing that colder days are coming makes it a little harder to force chores to get done. And not just for the kids! I'm having plenty of trouble with that myself.
Whether your kids are in school or still savoring those last days of summer, you are probably starting to think about how to transition to a new schedule too. This is especially true when it comes to chores, allowances and the impact on the family budget. This month's articles can give you some ideas on how to manage it all.
Fall Chore Programs for Kids and Teens
Even though it still feels like summer here in the Midwest, I know fall is just around the corner. Changing leaves, cooler air...and fall chores. Whether you decide to update chores along with allowances (in the next article!), fall can bring some changes to chores for kids and teen chores too.
Why update them in the fall? The beginning of the school year is like New Year's to kids. They are a year older (at least in school age) and things are changing. Take advantage of that new mature attitude while it lasts!
Try these key steps to update the chores and get everyone on the same path before it's covered with those fall leaves.
If you need even more help on setting up a teen chore program, be sure to check out this Teen Chore Program which includes an ebook and ecourse to help you design a program that works for you.
Allowance Updates for the New School Year
For many kids, the beginning of the school year matters in the same way January 1st does for adults. It's a time of new beginnings. That can make it a great time to review and revise allowance programs for kids and for teens, too. But where to start?
Reviewing allowance programs at the beginning of the school year can be a great way to keep the money education going, and changes fit well with other changes your kids are going through at the same time. If you can start (and complete!) the allowance review before some unexpected expense pops up, it will be better for everyone.
Here's where I answer your questions. Mary needs help with keeping track (and staying on top) of chores for her 3 kids. It seems like the paperwork of it all is almost a part-time job. Are there simple ways to keep track of it all?
Chore tracking can be the downfall of even the most dedicated parent. It can be tedious and thankless not to mention terribly un-fun. Still, there are ways to manage it and even have the kids help you do it. Here are a couple of suggestions.
These are just 4 ideas on making the chore tracking load a little lighter for Mary. If you have any other ideas for her, send them to me here and I'll share them with all the readers.
While money-and-kids.com strives to provide all the information you need to help educate your kids, teens and family on money matters, there are other great resources to help you. This newer section of the newsletter highlights those that I've found that provide solid, understandable and usable information.
Chores and allowances can be hard to manage. Having some help from the internet world can make things much easier to manage. These sites aim to do just that.
Be sure to check out the latest blog posts at the site. With a new post nearly every day, there are lots of quick bits of information that might be just what you need.
If you are not a subscriber receiving the blog updates to your email each day, you can subscribe to the money-and-kids.com blog RSS feed here. Go now!
October brings more than just Halloween! It is home to National Financial Planning Week and Kids' Goal Setting Week. What a great time to focus on teaching kids about money goals and how that is part of a bigger financial plan! Those are the very topics we will cover in next month's issue. Make sure you and your friends have a subscription so you don't miss an issue!
If you have questions you'd like to see addressed for that issue, just use the Contact Form or email me at email@example.com.
Talk to you soon!
If you have any comments or suggestions for future newsletters, please let me know. I want to be sure that this newsletter meets your needs. Feel free to provide your comments using this contact form.
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