I love Dave Ramsey and believe his principles are brilliant. Especially when it comes to his Commission Based System for Kids which helps teach kids responsibility. His idea is what lead me to create this Free Printable Kids Commission Reward and Chore Chart!
The Dave Ramsey Principle
According to Dave Ramsey, the worst thing a parent can do is to become a human ATM, handing out cash whenever your little one wants to buy something. What parent likes that, anyway? But that’s kind of the idea behind a traditional allowance. You give your kids money whether or not they’ve earned it. Even the word “allowance” implies a child is entitled to a certain amount of money just for living and breathing.
While an occasional surprise or gift is fine, making an allowance a general rule doesn’t teach them anything except Mom and Dad will buy them everything they want without them having to lift a finger. That’s fine when they’re 2. It’s not so fine when they’re 32. And what they learn as kids will stick with them into adulthood.
That is where the commission system comes into play. Once your children are old enough to do basic chores, they’re old enough to earn a little money doing them. If they work, they get paid. And if they don’t work, they don’t get paid. If they can understand that money comes from work at age 4, then they’ll be ready to hit the real world running at age 24.
If you really want to get your kids started to financial success, you can get the Financial Peace Junior Kit.
About the Printables:
I named these printables “Mission to Commission” based off the Dave Ramsey Commission Based method mentioned above. I absolutely love this and currently use this system with our 3 and 7 year old boys and it works great! There is something about a child actually earning their money. They value it more and really learn the meaning of working for what you want.
The first printable is the Reward Chart which you will list the activity your child needs to do, how many points they will earn for completing that activity, and then what they can get with their points earned. Activities can be anything from completing homework, playing outside, and even completing volunteer work. Rewards can be for anything; candy, a new dollar store toy, and even money!
The second printable is a chore chart. You list the chores you child has to complete and mark off which days they are completed. You then decide what day is “pay day” and on this day your child will be paid their “commission” based on the amount of chores they completed throughout the week. A good rule of thumb is $1 for every completed chore.
I hope you enjoy these printables as much as I do!
Looking for more great printables? Check out more below!