Chorepay helps teach kids financial responsibility (Nordstrom Gift Card Giveaway)

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So here’s something you probably don’t know about me.  When I met my husband, I had credit card debt.  Lots and lots of it.  You know when credit card companies go to college campuses and give a tshirt or a frisbee for signing up for the card?  I think I signed up for all of them.  Sadly, I can’t even say I had a ton of fun incurring my debt.  It paid for things like tuition, books, gas, food, clothing…not even one spring break trip.  It took me YEARS to get out of that mess. Years.  I was already working on it when I met my husband, but it took I think 3 years after meeting him to pay it off in full.  It isn’t that my parents didn’t teach us the value of a dollar- they did- or they tried anyway.  I just had no concept at all of what I was doing, and hey, that card has polka dots! How cute would that be in my wallet next to my confetti credit card?  (In retrospect, the confetti should have been from cutting the cards up, but I digress).  I will note that we DO live debt free (except for our mortgage) and we pay off our credit carD each month.  I would like to pass on my more recent financial habits than my previous ones to my children.  I have no doubt in my mind that my wonderfully patient husband agrees wholeheartedly.

Thanks to sites like Chorepay, parents like me who would like to teach their children about the value of a dollar have tools to help us.  Sure, my kids may learn things the hard way like I did…but maybe given the right tools and ways to practice from a young age, the kids will be informed, educated and understand that even if they have the money for something, doesn’t mean that they need to buy it- or maybe they’ll realize if they save a little bit longer, they’ll get an nicer/better quality item.  Choreplay lets you decide with percentages what children’s earnings can go to- spending, saving and donating.

Chorepay is fun for kids- they can create their own avatar, and they can create a wishlist for what they want (which is great for holiday time for gifts…but also gives them goals to save for).  They can create their wishlist from the “mall” and see what an item will cost them and  how much they have to save in order to pay for it.  This alone can go a very long way in teaching kids the value of a dollar- they may save for something for 6 months and realize once they have all that money saved, that hey! I’m not sure I want to spend all that money on this one thing, what if I find something else I’d like more?  The life lessons and skills learned in saving for a goal are so important.  They give our kids the tools they need to be able to function in the “real world.

One thing that I really like about Chorepay is how much you can customize it to your own needs- yours, your childrens’ and your family needs.  You don’t even have to do monetary rewards– my children are younger, so offering them $1 for doing xyz isn’t always going to mean a lot.  Taking them for an ice cream cone, or to the movies on a date with mom or dad, alone?  That’s some serious incentive around here.  The customization features of this program make it a great fit for kids who need and thrive on routines and schedules.  Parents even have the ability to comment on chores completed.  Positive reinforcement can go a really long way with kids!

Chorepay is working toward making Chorepay.com  a community and not just a checklist for chores. They want it to be interactive, so that users can be able to  ask questions and give/receive  feedback to/from other parents, and not just the folks from Chorepay.

I’m finding that with the technology and gadgets in our daily lives, apps and programs like Choreplay are becoming front runners in organization of family matters.   I know that I will turn to tools like Choreplay more and more as my kids get older and their wants and needs become more complex and more expensive.  I find Choreplay to be a great match for how we value and reward chores in our family.

What ways do you teach your children about finances?

One reader will win a $50 Nordstrom Gift Card from Choreplay!

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About the author: I’m a 30-something mom to three, brand ambassador. content creator, social media maven, blogger extraordinaire, earth lover, butcher, baker, candlestick maker (or something along those lines) – love word games, crafting, cake decorating or shooting pictures.

197 comments… add one

  • i learned they can create a wish list to help them realize what they want later down the road, they make better choices

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  • I learned that you can create a chores without monetary rewards and that you can add children

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  • I like that it suggests reasonable rates for chores

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  • i learned that this teaches them the value of money today and how to safe and not be selfish and how to manage their money….the safe way

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  • I learned that you can use anything as a reward and it’s customizable to fit the needs of the family directly! :)

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  • It is a safe way for kids to earn money by doing tasks and chores

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  • they can create a wishlist and save for things they want

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  • teaches money management
    Thanks for the contest! Janna JOhnson jannajanna@hotmail.com janna@feedyourpig on GFC

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  • Like the getting and giving of advice from other parents
    pedidentalasst at yahoo dot com

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  • they take the ‘chore’ out of assigning chores.
    Thanks for the contest.

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  • kids learn that work(jobs) equal money

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  • I love that donating money is an option!

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  • they are able to save money for future.

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  • they can earn money doing chores

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  • entered safeskin

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  • they can earn money doing chores

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  • They provide a rainy day savings and/or college fund option.

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  • I have been looking for a way to give my girls visual incentives to earn and save their money. Thanks for sharing!

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  • it teaches kid about earning by working

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  • I learned that Chorepay is all about growing an active community where users can share ideas for chores, love that idea! I always seek other mommies for advice, and this free tool will be an awesome venue to get easy answers! There’s many opinions out there and this is the perfect app to find the solution that’s geared best for my children.

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  • i love how it let you figure out a rate for chores

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  • List is interactive

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  • i entered dealery

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  • I love that ChorePay helps us figure out reasonable rates for the chores!

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  • I learned that with a free ChorePay account, you and your family create profiles, set up chores, and assign them a cash value. Once a child has completed the chore, money moves from your profile to theirs.

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  • We’re working hard to provide contemporary alternatives to traditional chore charts

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  • I learned that kids can save, spend or donate…pretty cool!

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  • I learned that there is a wishlist option.
    Thanks for the chance.
    mogrill12@gmail.com

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  • I learned that chorepay is customizeable for you, your children & your family’s needs

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  • I learned that this is an excellent idea for teaching my daughter healthy money habits and we are signing up today!!

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  • I learned that kids can create their own avatar and wishlist.

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  • I learned it uses a star rewards system

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  • I love that it teaches them about donating instead of spending on themselves.

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  • Love that it not only teaches our kids how to save money and be responsible but also teaches them an important life lesson when they are able to donate their money as well! love it!

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  • I learned that it’s a great way to teach children how to save money that they earn

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  • i like that it has a wishlist and that the kids are able to work towards their goal

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  • I love that kids can have their own account and work towards saving for something – and knowing what it will cost by going to the online “mall” to figure it out! All kids need to learn about the value of money, and this seems like a great tool to help them learn!

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  • I learned it’s a great place to start teaching kids about finances and earning money.

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  • the value of earning money by doing work

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  • I learned that it’s a community.

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  • I’ve been thinking about signing up for ChorePay for awhile. Your blog post reassured me I should.

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  • I learned Kids earn money by successfully completing agreed tasks and chores.

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  • I learned kids can create their own Avitar on Chorepay.

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  • I like that it helps teach kids good financial habbits, and they can create wishlists.

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  • I learned it helps with teaching the kids :)

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  • Chorepay is a great way to show children that hard work pays.

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  • I like that Chore Pay has ideas on age appropriate chores and how much allowance you should give plus many other great ideas

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  • they earn money by doing chores & tasks.

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  • This is a great way to teach my kids to save money. My daughter likes to spend every penny she makes. Not that she spends it all on silly things, some stuff she buys for her brothers is cute and useful, but she has trouble saving her money. I’m registering at Chorepay to teach her to save.

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  • I learned that this is an option of how to help teach kids about working & saving.

    Reply

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