There has been an interesting discussion among parents about getting children to participate in housework. There’s even a more heated argument on whether children should be paid for their chores. According to the Strategic Financial Planning Team in the HSBC Bank, you have to “Expose your children to money: giving your children some financial independence early on, whether through an allowance or by asking them to earn their spending money, can help them learn its value and how to take responsibility. Whether they save or spend, talking about their choices is a good starting point.”
Personally, I choose to allow my children to make their own rota for chores and I also pay them at the end of the week. This is so they will learn good work ethics, be responsible as they grow up and learn from the start that their choices and attitude to life can make them wealthy or poor.