Family Finance

Chores offer a chance to learn, grow, and even have fun together as a family. Too many chores however can cause pressure or get in the way of homework or playtime. Finding the right balance is key.

Starting an allowance is a great way to teach your child about money. Start with setting goals, then continue with making rules, choosing tools like piggy banks and apps, and guiding them on saving and spending. It's not just about giving money; it's about helping your child learn to manage it wisely.

Chore and allowance apps are the new to manage household tasks and teach financial literacy at the same time. BusyKid - GoHenry - Greenlight - FamZoo - S'moresUp.

Matching daily chores by age ensures kids are engaged and capable of completing their tasks. Children can start doing simple tasks around the house between two and three years old.

Putting toys away daily, watering plants, and picking up yard litter are just a few examples of great chores for 5 year olds. Learn the Dos and Don'ts of chores for younger kids.

Mixing paid and unpaid chores can teach kids about helping the family and managing money - all in one go. A basic guideline is $0.50- $1 for simple tasks for younger children, scaling up to $5 or more for complex tasks for older children.

How much should the Tooth Fairy give? What are some creative ways to present this token of growth? In the US, the Tooth Fairy is leaving an average $5 per tooth. We often see parents doubling the amount they give for the first and last tooth.

On average, parents tend to slip about five dollars under the pillow on behalf of the tooth fairy. The amount can vary widely. It's a simple exchange that has turned into a tradition. Make each visit from the tooth fairy a magical and unforgettable experience.