I raided the shelves of my family "general store" to make it through the week.
Here's how our family balances money, chores, and reward:
We don't pay our kids an allowance. Working together is part of being a family--not a job. However, we do offer incentives for special projects or extra duties.
But how frustrating is it to see your kid fork over 5 hard-earned dollars for a junky little toy?
That's when I came up with the idea for a family general store. As the shopkeeper, I stock the inventory when I see good items, secondhand. This lets me pass along low prices without passing up excellent games and toys.
When kids accumulate money or reach an important goal, they can choose to shop at home instead of Target.
My lack of consistency has been the only flaw. Otherwise, the shop-at-home tradition has been a great time and money-saver for all of us.