These Parents Ditched Traditional Chore Money and Started Charging Their Kids For Snacks To Teach Them About Currency

Every single parenting method is different and I think we all just try to do what is best for our children.

Well, these parents decided that they would ditch the traditional chore chart and chore money and opt for something unique and different.

It is so different than many parents have expressed concern and even seem to be upset over it.

Parents D.L. Peavy and Erica Peavy posted their non-traditional chore chart on Facebook saying:

“I stoped giving my kids actual money it’s important that they learn the value of currency It works…”

They clean their rooms the they get paid every area of the house is worth money. Erica PeavyD.L. Peavy made everything $500 bucks?We don’t give our kids junk food regularly so they working extra hard

So, the idea is that the kids complete the household chores and are paid in Monopoly Money instead of cash.

The kids can then use the Monopoly money to pay for snacks that are worth a certain amount.

These parents say they are helping teach their kids the value of currency.

Some parents find this idea genius while others are saying it’s wrong or they are just giving their kids junk food.

I’ve seen other parents do this sort of a chore chart/reward system too. This dad even has amounts listed for tv and game time.

As a parent, I like this idea but I also like giving my kids actual money.

In our house we teach our kids to save and spend. We also teach them to use their money to give to others. So, Monopoly money alone wouldn’t work for us.

What do you think? Is this a great idea?

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4 Comments

  1. I love this idea but I’m a behavioral teacher who has a motivational system in my classroom.

    To incorporate real money you could say each $500 is worth $5 in real money and they are able to trade it out as they want!

    To take the at home motivational system a step further even, one could have a list of activities their kids could “purchase” with their Monopoly money. Such as, going to the movies is $2,000 or something….. more realistically $10,000 if their Monopoly money. ? This way kids can see the value of going out and doing fun things.

    One could even have penalties for such extreme behaviors such as stealing or lying where kids need to pay back a set about of money in before they’re able to purchase snacks or activities again.

  2. Kristen Yard says:

    Hi, Mariah! Great ideas! Thanks for sharing!

  3. I always said our kiddos should have a weekly allowance because they are part of the family and each member should have a part. They also had chores (daily, weekly, and seasonally) because each member of the family should do something that benefits us all. They could earn extra allowance by negotiating other tasks. And they were “fined” if they broke the rules – just like you pay a fine if you speed and are stopped by the police. AND, most importantly to us, they were taught that some was to tithe, some to save for short term spending you need to save up for like a toy, some to save for long term like college, and some to spend right now. It worked for us.

  4. Kristen Yard says:

    I love this!

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