The most recent Country Financial Security Index studied how American parents teach their kids about finances with chores and an allowance. It revealed that close to 70% of parents believe an allowance should be given once a child has completed a chore.

Here are 11 chores, and how much the average parent pays their kid for doing them.

1.  Mowing the lawn, $6.28 each time.

Does that seem low to you?  My yard is kind of a pain to mow so I'd be OK paying 10 bucks for this chore to be completed.

2.  Cleaning the garage, $5.20.

Again this seems low. We have a three stall garage, cleaning it can take some time. I'd pay 10 bucks for this chore too.

3.  Doing laundry, $2.82.

4.  Cleaning a common area like the living room, $2.72.

5.  Being responsible for a pet.  Meaning feeding or walking them, $2.66.

6.  Sweeping, mopping, or vacuuming, $2.55.

7.  Dusting or wiping down counter-tops, $2.20.

8.  Cleaning their bedroom, $2.07.  Plus an extra $1.18 if they make their bed.

9.  Doing the dishes, $2.03.

10.  Taking out the trash, $1.90.

11.  Setting the table, $1.31. 

I have no problem with the price for chores 3-11. These should all be part of their weekly expectations and their weekly allowance should cover all of these. What do you think? Too much? Not enough?

 

 

 

More From 106.9 KROC-FM