A child views their tasks and allowances inside the Mydoh app

Earn money gain independence

Building smart financial habits starts with kids and teens being able to make decisions about their own money. And two of the ways they can get that money are through Tasks and Allowance.

With Mydoh, you decide if you want to pay your kids for chores, give them an allowance independent of household tasks, or securely send your kids money when they need it.

A child views tasks and allowances with a family member

Allowance

A weekly allowance is a great way to get kids thinking about managing their money at an early age.

With Mydoh, you can set up your child’s weekly allowance in a few taps. And Mydoh automatically pays transfers it each Saturday (AKA Pay Day).

A child completes a Mydoh task for an allowance by washing the dishes

Tasks

Pitching in and doing chores around the house is part of being a family. It also teaches kids valuable life skills like responsibility, initiative, and knowing how a dishwasher works.

Mydoh makes it easy to assign tasks for your kids, see if they’re on track, know when they’re complete, and pay them for it.

FAQs

The debate about paying an allowance for chores can be contentious. Chances are you were paid an allowance with the expectation that you help around the house. Ultimately, it’s your choice how you want to handle tying chores to an allowance. The upside to paying kids an allowance to do chores is it teaches them the value of earning money (a precursor to their adult lives). On the flipside, some caregivers believe children should contribute to household chores because they are part of the family unit and not be paid for their efforts.

An allowance is likely your child’s first experience of managing money. Learning to handle responsibility is a lifelong skill. With access to an allowance, kids can learn the difference between a want versus a need, and spend according to what they value. Kids can also practice saving a portion of their allowance, tracking their spending, or donating money to others.

Doing chores helps kids learn responsibility and life skills (like doing their own laundry). One of the best ways to motivate kids to do chores is to give them a sense of control and ownership. This could mean giving kids the option of when they tackle specific chores (like cleaning their room). Caregivers can also motivate kids to do chores by breaking down chores into manageable steps. Finally, reward positive behaviour with praise and encouragement.

When coming up with age-appropriate chores for your kids, consider their abilities and learning styles. Younger children may need to be given simpler jobs, or have tasks explained to them in steps. Parents may also want to consider their child’s maturity level before assigning more important or timely chores like feeding pets or taking out the trash. Finally, when it comes to age-appropriate chores, think about how much time it will take to complete them and whether it’s realistic for your child’s age and temperament. Start small and build up from there!

Have more questions? We have more answers.

No monthly fee, no surprises

No monthly fee means extra pocket change to help your kids earn, spend, save, and budget.

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A hand holds a smartphone showing the Mydoh app with a Visa card, account balance, and recent activity on a clean white background