Children Quote by Dave Ramsey
“When we talk about kids earning commission for chores, we always have at least one parent who argues that children should do chores because they are part of the family. I agree, but if you don't involve money in a few chores, you lose the teachable moments in the work, spend, save, and give principles.”
About This Quote
Source Book: The Total Money Makeover, 2003
He argues that paying children with money for chores can teach financial lessons, but without money the teachable moments about work and giving are lost.
In simple terms: Money for chores teaches financial basics; without it, lessons are missed.
Key Takeaway
Use money to teach financial responsibility.
Themes
finance
parenting
education
money
values
Mood
thoughtful
practical
Type
educational
advisory
When to use this quote
- family budgeting
- allowance discussions
- financial education workshops
Key Concepts
financial literacy
incentives
family dynamics
Questions to Reflect On
- How can parents teach money values without monetary rewards?
- What balance of money and responsibility works best?
A Different Perspective
Money may shift focus from intrinsic motivation to extrinsic rewards.
