Wednesday, January 25, 2012

Income Chart

A salary will be paid for work done in the home. The weekly work will be evaluated and if not done, you will pay us back for any job not completed, or not completed to the standard it should be.
10% tithing
20% long term savings (not to be withdrawn until mom and dad okay it, which will be no sooner than 21!)

From the time you can do chores until you are 8 you will get paid a monthly salary equal to your age. This will be paid on the 7th of each month.
*You are not required to pay for any gifts for friends, but are more than welcome to add to the amount that mom and dad are willing to pay.

From the age 8 until 12 you will get paid a monthly salary equal to twice your age. This will be paid half on the 7th and half on the 22nd of each month.
*You are required to pay half for any Birthday gift, extra clothing items and full replacement for anything that you choose to ruin.

From the age 12 until 16 you will continue to receive a monthly salary equal to twice your age. At this age you can take “loans” from you parents, with interest.
*You are required to pay for any gifts, extra clothes and replace anything that you may ruin, during your reckless teenage years.

At age 16 you are old enough to get a job unless you are involved in high school activities that make it difficult to have a part-time job. We will continue to give you a salary until 3 months after you graduate High School, at that point you should have a job.

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