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<blockquote data-quote="Andy" data-source="post: 351216" data-attributes="member: 5096"><p>I think we did the 5/10/25 but then my son was younger. You need to do what will work with him and the amounts will be fine as long as you find that appropriate balance of "cost" for the rewards. Staying in tuned to how this will be a positive activity for him is important. (I noticed that I refered to your son as 12 years old - I am sorry! - He is 13 isn't he? much more into bigger numbers than an 11 year old).</p><p> </p><p>Keep in mind that there is no telling how long this will work. I think for us it was about three months before he started getting bored with it. In those three months I got a LOT of house work done (especially the bathroom and washing floors) as he looked for ways to earn chips. I had a long long list of options for household chores that he got to choose to do. I think a few days he did nearly everything on the list.</p><p> </p><p>The limiting of easy child hours is a great idea - he can purchase as many as he wants but can only redeem so many each day. Another way to teach budgeting. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /> Does he want to purchase them ahead of time or take the chance he won't have enough credits when he needs them.</p><p> </p><p>Set a specific time for "pay time" and "purchasing time". You do not want him asking all day to purchase something - it has to be within "banker's hours". I would suggest at the end of each day go over what he earned that day. He can either trade them back in for the "reward" or you can reopen the bank at breakfast time when he has thought about what he wants. You can also set various times throughout the day for days you are all home.</p><p> </p><p>You can actually pay him as he earns or just keep a running total to pay him at the end of the day. I found it easier for me to pay at the end of the day - it takes time to dig out the chips and calculate, ect.</p><p> </p><p>He can RESPECTFULLY ask for exceptions to whatever is set up. He must be polite and expain clearly why he wants to do this outside of the set hours.</p><p> </p><p>I think it would be fine to have some items be ways to earn cash. Especially the yard work. It is important to a 13 year old to start handling some of their money. You may want to make one stipulation that this can only be earned when other responsibilities have been meet. Or you can state something like, "Once you have earned ____________ credits, then you can work on something that will pay you cash." Otherwise he may only be interested in the cash duties.</p></blockquote><p></p>
[QUOTE="Andy, post: 351216, member: 5096"] I think we did the 5/10/25 but then my son was younger. You need to do what will work with him and the amounts will be fine as long as you find that appropriate balance of "cost" for the rewards. Staying in tuned to how this will be a positive activity for him is important. (I noticed that I refered to your son as 12 years old - I am sorry! - He is 13 isn't he? much more into bigger numbers than an 11 year old). Keep in mind that there is no telling how long this will work. I think for us it was about three months before he started getting bored with it. In those three months I got a LOT of house work done (especially the bathroom and washing floors) as he looked for ways to earn chips. I had a long long list of options for household chores that he got to choose to do. I think a few days he did nearly everything on the list. The limiting of easy child hours is a great idea - he can purchase as many as he wants but can only redeem so many each day. Another way to teach budgeting. :) Does he want to purchase them ahead of time or take the chance he won't have enough credits when he needs them. Set a specific time for "pay time" and "purchasing time". You do not want him asking all day to purchase something - it has to be within "banker's hours". I would suggest at the end of each day go over what he earned that day. He can either trade them back in for the "reward" or you can reopen the bank at breakfast time when he has thought about what he wants. You can also set various times throughout the day for days you are all home. You can actually pay him as he earns or just keep a running total to pay him at the end of the day. I found it easier for me to pay at the end of the day - it takes time to dig out the chips and calculate, ect. He can RESPECTFULLY ask for exceptions to whatever is set up. He must be polite and expain clearly why he wants to do this outside of the set hours. I think it would be fine to have some items be ways to earn cash. Especially the yard work. It is important to a 13 year old to start handling some of their money. You may want to make one stipulation that this can only be earned when other responsibilities have been meet. Or you can state something like, "Once you have earned ____________ credits, then you can work on something that will pay you cash." Otherwise he may only be interested in the cash duties. [/QUOTE]
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