Allowance chore chart: Teach kids to manage chores and allowance

Are you a teen looking to earn extra cash or save for something special? Maybe you’re tired of asking your parents for money.

An allowance chore chart might be the perfect solution. It helps you track chores, earnings, and develop financial skills along the way.

This guide explains how to create an effective allowance chart, how much you could earn, and how tools like Modak, one of the best chore and allowance apps for teens, can help you manage your money better.

What is an allowance chore chart (and why do you need one)

An allowance chore chart is a tool that tracks the chores you complete and how much you earn for them. Think of it as your personal finance starter kit.

It teaches essential skills like budgeting, saving, and understanding the value of money, all while helping you earn through effort.

💡 Tip: You can also download Modak’s free printable allowance chore chart to stay organized and motivated.

Benefits of using an allowance and chores chart

• Organization and accountability: Helps you stay organized and know exactly what needs to be done.
• Financial literacy: Teaches you the basics of earning, saving, and managing money.
• Incentivizes hard work: Provides a direct reward for your efforts, encouraging a strong work ethic.

How to create your own allowance chore chart with prices

Creating your own chart is easy and fun. Here’s how:

1. List out chores: Include daily and weekly tasks, like making your bed or mowing the lawn.
2. Assign values: Decide how much each chore is worth. Example: $2 for taking out the trash, $5 for vacuuming.
3. Set a schedule: Determine how often chores repeat, daily, weekly, or monthly.
4. Track your progress: Use a printable allowance tracker or a digital chart through Modak.

Whether you use an app or a fridge chart, tracking chores visually keeps motivation high

Understanding allowances: What’s fair?

When setting up an allowance for kids and tees, balance fairness with age and effort.

• Younger kids: $1–$5 per week for simple chores.
• Older teens: $40–$80 monthly, depending on responsibility.
• Chore difficulty: More challenging tasks should earn higher pay.

💬 Example: A reasonable monthly allowance for a 16-year-old might range between $40–$80, based on family budget and expectations.

Should chores and allowance be tied together?

Some families link allowance and chores, while others separate them. Here are the pros and cons:

• Responsibility over reward: Some chores are just part of contributing to the household.
• Motivation to work: Financial rewards can encourage teens to complete their tasks.
• Financial responsibility: Helps teens understand the link between effort and earnings.

Apps to track chores and allowance for teens

Here are some top apps to make allowance management easier:

• Modak: A chore and allowance app for teens offering tracking, MBX rewards, and a Visa® debit card with transparent terms¹.
• iAllowance: A simple digital tracker for weekly earnings.
• Homey: Connects chores to real money and bank transfers.
• ChoreMonster: Adds gamified challenges to make chores fun.

Making extra money beyond allowance with Modak

Modak goes beyond just tracking chores, it helps teens earn more.

• Earn MBX points: Complete daily tasks or use "Walk to Earn" to get up to 70 MBX a week²
• Convert to dollars: MBX points can be turned into cash and spent with the Modak Visa® Debit Card¹.
• Payment link feature: Teens can get paid via direct deposit or a shareable payment link, perfect for side gigs.

This turns your allowance system into a real money management experience.

Chore and allowance chart templates and printables

If you prefer a physical system, printable chore charts still work great.

How to use them effectively:

• Place the chart somewhere visible.
• Update it weekly.
• Add bonuses for extra effort.
• Customize it by age and ability.

💡 Combine printables with digital tools like Modak to track progress and motivate consistency.

FAQs

1. What is a reasonable allowance for a 13-year-old?‍

Typically $10 to $20 per week, depending on tasks and difficulty.

2. What is the going rate for chores?

• Simple Chores: $1–$2
• Moderate Chores: $3–$5
• Challenging Chores: $10 or more

3. Why link allowance and chores?‍

It motivates teens to work, promotes responsibility, and simulates real-life job reward systems.

Start your financial journey with Modak

A well-structured allowance chore chart helps teens learn money management while building strong financial habits.

Whether you use a printable chart or a smart app like Modak, managing your chores and earnings is the first step toward independence.

Download Modak today and start building your future, one chore and one dollar at a time.

‍

1. Deposit account and the Modak Visa® debit card issued by Legend Bank, N.A., FDIC-Insured. Funds deposited into a Deposit Account may be eligible for up to $250,000 of FDIC insurance.The FDIC’s deposit insurance coverage only protects against the failure of an FDIC-insured depository institution.
2. 100 MBX = $1(as of June 2024). This is an approximation and not a guaranteed result. For more information on MBX, visit: Click here for more information on MBX
3. Walking 5,000 steps a day gives users 10MBX (as of June 2024). This is subject to change at Modak’s discretion
4. Fees for expedited or premium services may apply. Find out more in our Cardholder agreement.