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 that kids can earn money when doing chores, which they can then spend at the mall @ ChorePay.com

    lisando@hotmail.com

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  • It can be customized by age group.

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  • You (and your kids) can budget for different categories

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  • I love that its customizable and that kids and parents can tool it to their own needs.

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  • I like how money isn’t the only option for rewards

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  • I learned that you can customize to fit your needs. Instead of rewarding kids with money for all their chores you can also select ways to pay them in other methods such as an ice cream treat.

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  • I like that it can be customized for different ages!

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  • I love the fact that it can be customized.
    rsgrandinetti@yahoo(DOT)com

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  • I learned that there are different customizations for different ages! that’s awesome!

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  • I learned that this tool helps children learn how important charitable donations are.

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  • I learned they can donate a percentage of money to charity

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  • I learned parents can decide what percentages are saved or spent. Thanks for the giveaway.

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  • I learned that Chorepay will make dividing household chores and managing incentives easier.

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  • I learned that you can customize it for various age groups.

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

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  • i learned it can be customized by age groups

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  • Chorepay teaches kids financial responsibility.

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  • I like that it has an option for giving!

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  • I love that it customizes according to your child’s needs and wish list

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  • I learned that there are dinosaurs in their footer ;)

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  • That they get to chose how much to spend save or donate. This is really cool!

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  • It can be customized to age groups

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  • I learned that children can purchase items in the mall with their ChoreBucks. The parent must fund the ChoreBucks with the parent wallet

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  • I like how customizable it is.

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  • This is an amazing program. I love the option to have the money donated to charity! Terrific!

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  • I learned that circus peanuts are supposed to taste like banana, but they don’t think they do (And neither do I)

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  • I learned that it gives you a choice to donate money too.

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  • they’re trying to provide contemporary alternatives to traditional chore charts

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  • I love the different options for saving. Saving is sometimes a diffult thing to understand and do, even for adults.

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  • I learned that the stars that children earn can go towards rewards!

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  • Q: What flavor are circus peanuts?

    A: They’re supposed to taste like banana, but I don’t think they do.
    Ilearned they have a sense of humor.

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  • I learned that you can budget for different categories.

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  • I learned kids can donate money to charity

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  • I think it’s brilliant that it can help kids learn how to use their money, and even encourage them to donate a percentage toward a charity of their choice!
    Thanks!
    h4schaffer at gmail dot com

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  • I learned that you can customize it for your kids needs and age.

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  • it is customizable

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  • I learned they can donate a percentage of money to charity – very neat -

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  • We just started giving our kids chores and an allowance. I love that they can make a “wishlist” and learn the value of a dollar. It can be hard for the younger kids to understand, but they will love that they can see what they need to save for what they want, and I love that it will show them some long-term savings as well as charitable gifting!

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  • I like that they can see their progress instantly – much more frequently than a quarterly bank statement.

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  • I like that you can customize it to your situation.

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  • I learned that kids can donate their money to charity

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  • With chorepay a child can see their progress towards a reward with the stars they have earned.

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  • I learned that kids can earn stars, that count toward their reward.

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  • I learned that you can also create chores without a monetary reward. Children get stars for doing these chores and accumulated stars can go towards a reward of the parent’s choice, like a pizza party.

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  • Chorepay sounds pretty cool! Thanks for hosting this giveaway!

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  • Who knew there was a site like this… I do chores for money at home, but tracking it online is always good too.

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  • I learned that it is customizable to your unique situation

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  • i learned that kids can earn points/stars instead of money so they still learn about value and saving

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  • I learned that it doesn’t have to be cash payout that the kids can earn stars and after so many stars they can get the reward like going out to a favorite place or something they like to do-great family time and great to get them to do chores and learn responsibilities-great site!

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

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