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My parents once tried a rate-chart system as well. However, completing everything on the chart (full of stuff I really had no desire to do) would max out around
by octorian 8y ago
My parents once tried a rate-chart system as well. However, completing everything on the chart (full of stuff I really had no desire to do) would max out around $5/week. Realistic earnings from this system were far less. I soon gave up, and simply focused on other non-chore-based ways to make money that were far more profitable for my time.
I think part of the problem with many chore/allowance systems is that its based on the parents' concept of money when they were kids, not adequately adjusted for inflation. So once the kids have some other way of earning money, the parents' system becomes a waste of time.
- labster 8y agoIt can't be realistic earnings though, that's what parents make. It's the share of the share of their earnings spent on luxuries that they are willing to give to their children. 90%+ of kids' money goes to luxuries, after all.