250: Chores, Allowances, How To Teach Kids About Money episode artwork

EPISODE · Dec 21, 2023 · 52 MIN

250: Chores, Allowances, How To Teach Kids About Money

· host Elisha and Katie Voetberg

The Growth Initiative: Winter session dates are January 11 - February 15 LIVE calls will be Thursdays at 7am or 3pm PST. https://www.nowthatwereafamily.com/thegrowthinitiativeRegister here for the Free Growth Initiative Masterclass: https://www.nowthatwereafamily.com/growth-initiative-webinarGet it All Done Club: https://www.nowthatwereafamily.com/get-it-all-done-clubIs your life just too complicated to ever feel peaceful? Check out Katie's Free Home Management Masterclass:https://www.nowthatwereafamily.com/get-it-all-done-clubGrow as a couple and get the couple's package! You can get over $150 off if you sign up for the Growth Initiative and Get It All Done Club together.https://www.nowthatwereafamily.com/offers/S3GJdvSm/checkout-Today, we are going to chat with you about chores, allowances and what we are currently doing for our children. Some of this is going to be theoretical because we are going to talk a little bit about how money was treated in our homes growing up and what we may or may not do as our children start to get older.   Of course, we have our own experiences growing up in households that had various rules for chores. It seemed to ebb and flow, depending on the season. The age you were placed a big role on what chores were assigned to us. There were set chores that we all had and didn’t get paid for. In Katie’s family, you were able to do special chores/extra jobs and earn money for them. It was a very slow trickle of money coming in. Because of that, she would store her dollars because it would take forever to save up to buy anything. She got very used to delayed gratification.   Based off our experiences and what we want to create for our children, one thing we want to avoid for our children is complacency. We don’t want them to be entitled in any manner. We also don’t want our children feeling too independent from us too early. For example, we don’t want them to feel like they have all their own money and they can go buy what they want to buy and then have a battle with them from the time they are 11 years old of them saying “hey, I want to wear this, it’s my money.” We didn’t buy our clothes until we were older. We wore what our parents bought us.   Growing up in the families that we grew up in, we got to have a lot of unique experiences. We got to do a lot of cool stuff. One way that it was counteracted so we didn’t grow up entitled, was by us all developing a really strong worth ethic and realizing how hard it was to earn money.   This was a fun walk down memory lane, sharing with you all our money earning journey and what we are currently doing with our children. We gave a lot of context as to where we are coming from and will see how this goes as our children grow up.-  Marriage Maximizer - Build A Masterpiece Marriage  Whether you have been married for 30 years, or are just starting out on the adventure of a lifetime, this course is for you!  https://www.nowthatwereafamily.com/Marriage-MaximizerFree webinar: https://www.nowthatwereafamily.com/marriage-maximizer-learn-more-1-  Top 5 Tuesday  Join our weekly email list to keep up to date with the highlights of what is going on in our family life.https://www.nowthatwereafamily.com/top-5-tuesday-newletter-  Looking for more Now That We're A Family resources?  We got 'em!  Website:  https://www.nowthatwereafamily.comOUR FAMILY MUSIC ACADEMY: https://www.voetbergmusicacademy.comFREE CHRISTMAS PIANO MASTERCLASS: https://www.nowthatwereafamily.com/offers/XNwm6tzK/checkoutInstagram: https://www.instagram.com/nowthatwereafamily/Homeschool Course: https://www.nowthatwereafamily.com/homeschool Our Sponsors:* Check out Outdoorsy and use my code FAMILY for a great deal: https://www.outdoorsy.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

The Growth Initiative: Winter session dates are January 11 - February 15 LIVE calls will be Thursdays at 7am or 3pm PST. https://www.nowthatwereafamily.com/thegrowthinitiativeRegister here for the Free Growth Initiative Masterclass: https://www.nowthatwereafamily.com/growth-initiative-webinarGet it All Done Club: https://www.nowthatwereafamily.com/get-it-all-done-clubIs your life just too complicated to ever feel peaceful? Check out Katie's Free Home Management Masterclass:https://www.nowthatwereafamily.com/get-it-all-done-clubGrow as a couple and get the couple's package! You can get over $150 off if you sign up for the Growth Initiative and Get It All Done Club together.https://www.nowthatwereafamily.com/offers/S3GJdvSm/checkout-Today, we are going to chat with you about chores, allowances and what we are currently doing for our children. Some of this is going to be theoretical because we are going to talk a little bit about how money was treated in our homes growing up and what we may or may not do as our children start to get older.   Of course, we have our own experiences growing up in households that had various rules for chores. It seemed to ebb and flow, depending on the season. The age you were placed a big role on what chores were assigned to us. There were set chores that we all had and didn’t get paid for. In Katie’s family, you were able to do special chores/extra jobs and earn money for them. It was a very slow trickle of money coming in. Because of that, she would store her dollars because it would take forever to save up to buy anything. She got very used to delayed gratification.   Based off our experiences and what we want to create for our children, one thing we want to avoid for our children is complacency. We don’t want them to be entitled in any manner. We also don’t want our children feeling too independent from us too early. For example, we don’t want them to feel like they have all their own money and they can go buy what they want to buy and then have a battle with them from the time they are 11 years old of them saying “hey, I want to wear this, it’s my money.” We didn’t buy our clothes until we were older. We wore what our parents bought us.   Growing up in the families that we grew up in, we got to have a lot of unique experiences. We got to do a lot of cool stuff. One way that it was counteracted so we didn’t grow up entitled, was by us all developing a really strong worth ethic and realizing how hard it was to earn money.   This was a fun walk down memory lane, sharing with you all our money earning journey and what we are currently doing with our children. We gave a lot of context as to where we are coming from and will see how this goes as our children grow up.-  Marriage Maximizer - Build A Masterpiece Marriage  Whether you have been married for 30 years, or are just starting out on the adventure of a lifetime, this course is for you!  https://www.nowthatwereafamily.com/Marriage-MaximizerFree webinar: https://www.nowthatwereafamily.com/marriage-maximizer-learn-more-1-  Top 5 Tuesday  Join our weekly email list to keep up to date with the highlights of what is going on in our family life.https://www.nowthatwereafamily.com/top-5-tuesday-newletter-  Looking for more Now That We're A Family resources?  We got 'em!  Website:  https://www.nowthatwereafamily.comOUR FAMILY MUSIC ACADEMY: https://www.voetbergmusicacademy.comFREE CHRISTMAS PIANO MASTERCLASS: https://www.nowthatwereafamily.com/offers/XNwm6tzK/checkoutInstagram: https://www.instagram.com/nowthatwereafamily/Homeschool Course: https://www.nowthatwereafamily.com/homeschool Our Sponsors: * Check out Outdoorsy and use my code FAMILY for a great deal: https://www.outdoorsy.com Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

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250: Chores, Allowances, How To Teach Kids About Money

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This episode was published on December 21, 2023.

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The Growth Initiative: Winter session dates are January 11 - February 15 LIVE calls will be Thursdays at 7am or 3pm PST. https://www.nowthatwereafamily.com/thegrowthinitiativeRegister here for the Free Growth Initiative...

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