Featured Article

Kids and Money: Allowance and Spending Decisions

This article brought to you by the National PTA®, offers advice on helping your child to become a financially responsible consumer. This article provides down-to-earth tips that are easy to implement with just about any child receiving an allowance in tandem with completing household chores.

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PAYjr 101

Learn the basics about spending, saving, budgets, investments and more in our PAYjr 101 section, where you'll find articles to help kids and parents make smarter decisions about personal finances. PAYjr 101 provides several tips and pointers for smart money management, as well as overviews for topics such as loans, credit and investment options.

Read more: Important Lessons to Teach Your Children about Money >

Chore & Allowance Statistics

Most popular chores assigned

1 - Make Bed
2 - Clean Room
3 - Feed Pet

Highest Paying Chores

1 - Mowing yard, $20 (highest amount paid)
2 - Watch Sibling, $15
3 - Wash Car, $15

Lowest Paying Chores

1 - Brush Teeth, $.01
2 - Layout clothes for tomorrow, $.01
3 - Do homework, $.01

Odd Chores and Stats

Changing underwear pays $.05
Capping toothpaste pays $.02
Staying awake for sermons pays $.10
Waking up happy pays $.05