Money Smart: How we set up our kid to save $200-$1000/month by doing chores
How we set up our kid to save $200-$1000/month by doing chores.
I've compiled a step by step guide for you to try this out with your family! Not to mention, tons of fun and very interactive.
But there’s a hidden secret for what we do in that video. We don’t "just" reward our kid for doing chores, give them money and have it spent on “2 hours of iPad time”, you’ll be quite shocked and mad you didn’t try this out yourself.
I compiled an EXACT step by step (4 steps to be exact) on what we ACTUALLY do with all of that money you see. The financial gurus would probably give us a High 5 and a fist pump.
Just know that once they’re (our kid) 18, they’ll be loaded.
P.s. this isn’t just for parents, if you’re single with no kids, no dependents…this works for you too (just skip the chore part, hehe).
Disclaimer: In no way shape of form are we “financial gurus” or “financial experts”. This is just a system that not only has been working for us, but most importantly our kid too.