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How to price a chore

4 min read · money, rate

The formula

  1. Pick a reward your child is aiming for and its price in your coins.
  2. Estimate after how long you're ready to buy this reward — for example, in a month.
  3. Count how many times in that period your child should do the chores — for example, 20 tidy-ups.
  4. Divide the reward price by the number of completions: 2,000 ÷ 20 = 100 coins per tidy-up.

Adjust the rate

After two weeks, take a look: is your child saving too fast (lower the rewards or raise prices) or too slowly (the opposite)? Change the rate gradually and explain why.

Don't inflate the amounts

Big numbers lose their value. Better 10 coins that mean something than 10,000 that are worth nothing.

How to price a chore · KiddoPay