Paying your son for doing chores is a personal choice that depends on your values and beliefs. If you are uncomfortable paying your son, you might consider using a sticker chart or giving him a “token” for when he completes a chore. Your son can later trade in his “tokens” for an item of his choice or an “experience” gift such as swimming or soccer lessons or a trip to the zoo. If you decide to pay your son for doing chores, you might choose to encourage him to divide the money up into save, spend, donate and invest categories. Using a divided piggy bank, like the Money Savvy Pig, makes teaching children good money habits (like goal setting and saving) easy.
