Over the past few months, we've introduced a very simple pocket money system for our girls, a way to help them begin learning about earning and saving and spending (in a basic way) and to be responsible for a handful of small chores that contribute to family life in our home.
A chart displaying daily responsibilities is pinned up in our kitchen and a completed chore earns the girls a colourful felt ball in their pocket money jars (which they keep safely guarded in their bedrooms). In the mornings, Grace and Sophie feed Asha her biscuits and put away the clean cutlery from the dishwasher. After school, I now have help unpacking groceries, watering pot plants, helping sort laundry that has come off the washing line and the table is set ready for our dinner... all are quick and easy jobs for little ones to help with. And while I often have to hunt through the pantry that bit longer in search of a particular ingredient or find my socks and underwear in the wrong drawers, it makes me smile to see the satisfaction my girls get from helping.
Come Sunday evening, felt balls are excitedly counted, each one earning ten cents. Coins are then transferred to purses (kept on a high shelf in Sophie's case away from temptation's reach) where the girls keep the money they are saving for special items they hope to buy.
Our pocket money system is super simple, but for us at this point, it is working beautifully...