Points = Spending
June 15th, 2012 - Category: My Job Chart
Using My Job Chart, kids really start to understand how to spend money responsibly. None of that give me twenty bucks and I’m out of here kinda stuff. They quickly “get it” that a point equals a penny and a bunch of points can add up fast into dollars, dollars and more dollars. This money can be spend in responsible ways.
As kids earn points they have the ability to “spend” those points. They can spend them on things like a trip to the park with Mom or other things that they need or want. Yes, this is a great conversation starter on the difference between needs and wants. Umm, yes… there is a difference! (some kids don’t think so, these days).
For example, if Kim does her chores and accumulates 1,000 points ($10) in a week, she can spend those points by moving those points into the SPEND category within My Job Chart. When she does this she will have the ability to redeem rewards out of her SPEND area. These rewards can be monetary rewards using our integrated Amazon.com store (doll, book, toy, shoes, etc). Or it can be a non monetary reward like we mentioned before, a trip to the park.
Once that reward is redeemed by the child our system will send you as the parent an email letting you know what she has decided to spend points on. If the reward is an Amazon.com reward you can simply click on the link in the email and get directed right to your shopping cart at Amazon where you can purchase and check out. Wammo, that reward shows up on the doorstep a few days later and you as the parent have followed through on your promise. Cool!
If that reward is non-money related then it’s up to you to deliver. Get out the picnic blanket and head on over to the park and enjoy that time with your daughter!
My Job Chart users can open a MONEY debit card with ING Direct bank for no cost as well. These accounts don’t have any pesky fees or minimums and the entire account can be set up online. This is available for kids ages 8 and older. This is a powerful way to teach kids growing up in an increasingly cashless society how to spend in a responsible way. Even better, when that child makes a purchase at a store you as the parent have the ability to get a text message letting you know what is going on. Kim just spend $12.50 at the movie theatre. This puts an end to the day where you hear, “Mom/Dad, can I have twenty bucks to go the movies” and then not really know if the movie was even watched! Wow, that’s powerful stuff.
Points = Spending, responsible spending.
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