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Archive for February, 2012

Could Using My Job Chart Improve Your Child’s Financial Literacy?

February 29th, 2012 - Category: Financial Literacy

We all want our kids to grow up and be able to make wise financial decisions. But research indicates that most young people leave home with very little practical knowledge and experience in this area. A 2010 Financial Literacy Survey of adults, conducted on behalf of the National Foundation for Credit Counseling, Inc., revealed that 34%, or nearly 77 million people, gave themselves a grade of C, D or even F in their financial literacy skills.

[National Financial Literacy Survey Reveals Silver Lining, April 13, 2010, http://www.nfcc.org/newsroom/newsreleases/files10/FLS_ReleaseFINAL2.pdf]

When kids actually earn their own spending money they are generally more careful about how it is used. However, if mom and dad always dole out funds for a child’s various activities, wants and desires, the child rarely pays attention to how it is spent. Luckily, My Job Chart provides practical experience in money management while children are still living at home where they can experience the results of their financial choices, good or bad, in a safe environment.

According to the “2009 Young Adults & Money Survey” sponsored by Charles Schwab, many in this age group admit they don’t feel adequately prepared to make good financial choices when it comes to using debt wisely (28%), saving for the future (40%) or investing their money (43%). This is a statistic that needs to change and, we, as parents, can be the change agents in our children’s lives that will prepare them to succeed in handling their finances.

Now is the time to teach them to plan ahead for a future purchase; to earn the money and save up until they have enough to buy it. While they are young they can learn how to handle their finances, how to earn, save, spend and share.

According to a survey by PASS from American Express, teens say that talking with their parents about money is not easy, as nearly half of teens (49%) reveal that having to ask their parents for money is a “hassle.” The 2010 survey also suggests that teens and young adults primarily receive money through allowances, gifts, or unscheduled jobs such as chores around the house. Over half of parents (55%) give their teens an allowance. Parents give teens an average of $66 per month, including funds for a regular allowance, clothing or food, extra spending money, and/or payment for jobs around the house.

[PASS from Charles Schwab American Express, Many Parents Say Discussing Allowance with Teens is as Stressful as Negotiating Purchase of a Car, August 16, 2010, http://about.americanexpress.com/news/pr/2010/dat.aspx]

A survey done by in 2010 about “Families & Money” suggests that the road to financial independence for today’s youth stretches out farther than ever before. It reveals that 41% of the so-called “sandwich generation” parents continuing to provide at least some financial support to their young adult children. Ouch!

We need to raise up a generation of financially literate adults who can make wise money decisions. We need young people who can plan ahead, create and follow a budget and not be a burden on their families or the government. Our kids need to know what a blessing it is to be able to live within their means and plan for their future.

No worries, though. You’re at the right place because using My Job Chart can help in all of these areas. Watch for more on financial literacy and how you can help prepare your child to handle their own finances after they leave home in future posts. We hope you are able to discuss some of these things in an age-appropriate manner with your kids as they enjoy doing their chores and reaping the rewards while tracking their success online with My Job Chart .

My Job Chart offering Free Online Chore Chart with Bonus

February 21st, 2012 - Category: Charts

“MyJobChart.com, an online chore chart was designed to teach young people the concept of responsibility, work ethic and the value of money by giving them a way to earn points for completing their chores and extra jobs.

The free site has always offered a way for young users to ‘spend’ their points on rewards they want, ‘share’ what they earn with a chosen charity, or to ‘save’ for the future.”

Kids are able to experience the tremendous rewards of earning money for themselves and then of accumulating that money and saving for the future. As they do this they will get a $20 bonus into each child’s account just for signing up.

My Job Chart is easy of use and the high-tech approach have made MyJobChart.com a hit with more than 130,000 kids in just over a year since its inception.

Jennifer Cross, of Fort Worth, Texas, says she was hooked on the free My Job Chart site from the start. Using it with her three children, she has been pleased with the site’s educational aspect.

I’m a high school teacher and a lot of kids have everything done for them. Parents are not taking the opportunity to teach their kids about work and responsibility,” she said.
She says her children have responded well to the intrinsic rewards and immediate feedback the site offers. She especially enjoys watching them learn to “save” and now that she has ING Direct savings accounts for all of her kids it’s easier than ever to accomplish that.
“Now they like to work and they come to me asking what other chores they can do,” Cross said.

How MyJobChart.com Works! from Gregg Murset on Vimeo.

Ben Porter – Former Fortune 50 Executive and Author endorses My Job Chart

February 21st, 2012 - Category: Professional Endorsements

 

“What a powerful concept!  Combine the development of real life skills with an online chore chart experience to keep kids engaged and interested in being responsible and learning work ethic.”  Ben Porter, Former Fortune 50 Executive and Author of Family 360

Family Doctor, Daryn McClure Endorses MyJobChart.com

February 16th, 2012 - Category: Professional Endorsements


“Much of what constitutes a healthy lifestyle is related to good habits learned early in life.  MyJobChart.com is a powerful way to help kids develop healthy habits that will last a lifetime!”  Daryn McClure, MD, Family Practice Physician

Include important activities like violin practice in your child’s daily chore list.  The points they earn can be applies towards a savings account, giving to charity, or buying rewards like tickets to see their favorite musician in concert.

Dr. Troy J. Bales, Ed.D Endoresed My Job Chart to help Students

February 13th, 2012 - Category: Professional Endorsements

“My Job Chart is an excellent tool to help parents teach their children self-responsibility, self-discipline, and self-motivation.  These foundational skills are key to developing strong, independent, and successful adults.”  Dr. Troy J. Bales, Ed.D.  School Principal, Paradise Valley, AZ

Organization Saves Time

February 3rd, 2012 - Category: Organization

If you’ve ever wasted time looking for something that you knew you had but could not find anywhere, you’ll most likely agree with the motto: “Organization saves time.”

Do your kids run all over the house in the morning trying to leave for school but can’t find the report they need to turn in?

Have you ever been cooking dinner only to realize you are missing a key ingredient?

These types of scenarios can occur in any household but when they happen again and again, it may be time to re-evaluate your situation and try a new plan. Sounds like it’s time to get more O-R-G-A-N-I-Z-E-D!!

Routine is the mother of organization and what better way to instill these habits in our children than for them to have regularly assigned chores for which they must be accountable?  The ease and beauty of our “My Job Chart” online chores chart teaches our kids to establish valuable life-long habits that will lead to a satisfying and organized life. It can be customized to fit the needs of your child and your family.

You can turn ANYTHING that needs to be done with any regularity into a “chore” so that My Job Chart becomes the means to creating routines that will benefit our children. We get the most interesting emails from our users. In fact, one mom in California wanted to help her daughter establish the habit of drinking more water so she added it to her chore chart. Here’s what she wrote:

Hi – I just wanted to say thank you THANK YOU for this awesome
service; it has revolutionized chores and daily tasks in our house.
I love anything I can do online, and this was a HUGE improvement
over me scribbling tasks and points and tic marks on a piece of paper.
I hope this service remains free! My 8 year old loves it. I even added
“drink water” to her morning and evening chores, as I was bugging her
constantly to drink more water but she wasn’t doing it.

THANK YOU!!!!
Steph in California

Now, adding drinking water to your child’s schedule might be something you haven’t thought of, but hey, it seems to be working for this family, why not yours? What does your child need help with as far as creating habits and routines that will lead to their being more organized and more successful? Maybe it’s all their personal care; brushing teeth, washing their hair, etc. or perhaps it’s having a checklist of all the things they need to take with them to school each day and getting points for reviewing  the list to be sure they are prepared for the day. You can add their music practice schedule to their “chores.” Whatever it is, you can make it part of their personalized online chore chart and help them become more self-reliant as they log on, do their chores, check them off and earn their rewards; not the least of which will be having more time in their lives for the things that are important to them because the things that are required of them will have become second nature. As you may have heard before, “organization saves time.”