Greenlight’s Guide to Chores

Julie Lythcott-Haimes, author of How to Raise an Adult, gave a TED Talk in 2015 about setting the right priorities for your kids. She quoted the Harvard Grant Study (only the longest longitudinal study ever conducted) which concluded “professional success in life comes from having done chores as a kid.” 

We think chores are important too, which is why we launched a set of chores features in the Greenlight app in February of this year. Since then, we’ve actually had Greenlight families tell us that their kids have asked for MORE chores after instituting a routine.

“I have noticed that my kids volunteer to do more chores without asking since I have signed them up about a month ago. They enjoy tracking their spending, and more often think before they spend unlike with cash.”

When is the right time to start chores?

All families are different, and all kids are different. A chores routine can start as early as “getting clothes to the laundry basket” in preschool years. 

Back-to-school season is a great time to talk about getting back into routines, and asking your kids for input on what tasks need to be done. Another great time is birthdays, recognizing that with age comes new responsibilities.

Which chores do I choose?

Of all Greenlight families, the five most popular chores are:

Greenlight's top 5 most popular chores: 1. Clean your bedroom. 2)

Clean your bedroom is the most popular chore for all ages. Read is popular for younger kids, under the age of 10. Take out the trash heats up for children over 12 years of age. And wash the dishes is most popular around 15-17. 

Some other personal favorites from the editor: pick up after yourself, scoop the dog poop and be nice to your brother. “No cussing” has also been a fan favorite around the Greenlight office. A special shout out to the parents writing their chores in ALL CAPS. But we digress…

On average, Greenlight families institute 4.41 chores per child, and recurring chores are by far more popular than one-time. 

Here’s a helpful guide from the moms of Sunshine and Hurricanes with kid-friendly chores from preschool through 10 years of age.

Do I pay my kids for chores?

A recent T. Rowe Price survey on parents, kids and money saw that 51% of parents give their kids allowance, but the kids have to earn it. 

Ron Lieber, author of Greenlight staff favorite The Opposite of Spoiled, advises not to give allowances in exchange for chores. He says, “Allowances ought to stand on its own, not as a wage but as a teaching tool.” 

Chores teach accountability and responsibility. Allowances tangibly teach the practices of budgeting and saving. (More on allowances over the coming weeks.)

There are experts and Greenlight families, on both sides of the fence of this debate. We encourage each family to make decisions based on what will work best for them.

  • You may institute a chore schedule that includes standard tasks (like cleaning up bedrooms, doing laundry or walking the dog), and incentivizes more high-value tasks with monetary rewards on a less-frequent basis. 
  • You might consider an allowance to be regular payment for jobs well done. If the clothes are piled up on the desk instead of on the floor, little Sophia’s room still isn’t “clean” to mom’s golden standard.
  • You can tie chore completion to allowances. If the trash isn’t taken out, floor isn’t vacuumed and the dog poop isn’t scooped, you won’t get your allowance this week.

Whatever your chore routine, Greenlight can help you stick to it

With features like flexible scheduling and linking chore completion to allowance, Greenlight has helped thousands of families implement a routine.


Set chores that repeat weekly, or multiple times a week.

Greenlight chores scheduler

Or set one-time chores for bigger tasks like spring cleaning, babysitting or mowing the lawn.

Setting up a one-time chore.

Kids review and check off their chores as complete.

Child checks off chores when complete.

Review the chore schedule and manage scheduled payouts.

Parent reviews all chores in one view within the Greenlight app.

Don’t have Greenlight yet?

Get started by signing your family up today.

Allowance: When? How much? What for?

To give or not to give allowance, that is the question (and sometimes a controversial question at that). As piggy banks become obsolete and the need for physical cash dwindles in today’s fast-paced society, one thing hasn’t changed: the call of a child saying, “Hey Mom, I need money.” Whether parenting a 7-year-old or a 16-year-old, chances are pretty high that the A word (yes, allowance) is going to come up.

According to a T. Rowe Price survey, 51% of parents give their kids allowance. While the decision about whether or not to give allowances, the frequency of giving allowance and the amount of money that a child should receive for allowance can be highly personal to each family. 54% of parents who give allowance firmly believe it should be earned. 

Greenlight mom Maggy Parker shared, “I have always viewed allowance as a right of passage for my children. When the kids are old enough to take on regular responsibilities around the house, they are old enough to earn an allowance for their contribution.”

With age comes wisdom (and more allowance money) 

One of the most frequently asked questions about allowance focuses on what age is the best to start handing over money. While there are no official rules when it comes to allowance and each family is different, age 8 is the reported national average.  

Here’s a breakdown of what Greenlight kids average each week (ages 8-18): 

“I set my child’s weekly allowance after researching what the national average for allowance was and then cushioned it by a few dollars to ensure I was giving my son a little extra for his needs now that he’s driving,” said Greenlight mom Eliza Newell. 

Cha-ching, cha-chores! 

According to the most recent survey from the American Institute of Certified Public Accountants, four in five parents who give allowance expect their kids to work for money. and their kids average about five hours a week of household chores. 

With the majority of parents expect their kids to earn allowance, chores often factor in as a stairway to an allowance pay out — however, this can look different for different families. 

Some families expect a completed chore list for an allowance pay out. If the lawn isn’t raked, the Lego’s aren’t put away, the bathroom trash isn’t taken out and the reading log for the week isn’t filled out, no allowance gets paid. 

Other families assign specific dollar amounts to chores, so if the child only completes five of their eight chores for the week – they don’t get the total allowance amount, just what each task equaled. 

Greenlight dad Allen Anderson shared that he gives his daughter a baseline allowance every week, but he gives her the opportunity to earn more on a weekly basis by doing more chores. 

Allowance leads to smart habits

Greenlight kids who receive allowance save 26% more and donate 37% more money than those who don’t. This suggests that allowance, paired with parental guidance, leads to healthy financial habits.

Payouts made easy

When it comes to paying out allowance, it shouldn’t be complicated. Since remembering to get cash back at the grocery store or finding an ATM is a hassle, Greenlight has made it easier on parents by offering an auto-funding option.

Parents can set weekly or monthly allowance payments tied to chores within the Greenlight app, so funds can be easily distributed. 

To encourage good habits, parents can also allocate those allowances to their kids’ Spend, Save and Give accounts. 

Try Greenlight now

Sign up your family for Greenlight today! 

Greenlight Raises $54 Million to Empower Parents to Raise Financially-Smart Kids

Today, we announced $54 million in Series B funding. We’re thrilled to double down on our roadmap and reach even more families on our mission to empower parents to raise a generation of financially-smart kids. Full press release below.

Greenlight Raises $54 Million to Empower Parents to Raise Financially-Smart Kids

ATLANTA, September 16, 2019 – Greenlight Financial Technology, Inc. (“Greenlight®”), the fintech company on a mission to empower parents to raise a generation of financially-smart kids, announced today it has raised $54 million in Series B funding led by Drive Capital with participation from JPMorgan Chase and Wells Fargo. Existing investors TTV Capital, Live Oak Bank and Relay Ventures also participated. The investment will fuel continued growth and accelerate the company’s development roadmap.

“Greenlight has built an incredible platform that makes it convenient and safe for parents and kids to manage their money. We’re proud to support their growth and help them on their mission,” said Chris Olsen, Partner at Drive Capital who has joined the Greenlight Board. “What attracted us to Greenlight is the scarcity of tech platforms empowering consumers to be more financially successful.”

Greenlight offers a debit card for kids that parents manage through the Greenlight app using flexible parental controls. The company has experienced rapid growth since launching its product in 2017, helping more than half-a-million parents and kids manage daily family finances. 

The Greenlight product allows parents to choose the exact stores where their children can spend, manage chores and allowances, set parent-paid interest rates on savings and more. Kids monitor balances, create saving goals and learn to make real world trade-off decisions.

“At Wells Fargo, financial literacy and helping our clients succeed is a part of our core values,” said C. Thomas Richardson, head of Strategic Partnership Investing at Wells Fargo. “Greenlight offers parents an opportunity to build that core competency of financial literacy in their child’s formative years, through its innovative, interactive and fully digitized product offering. We are impressed by Greenlight’s rapid growth, and we are excited to help fuel the next phase of its development.”

The Series B funding will accelerate Greenlight’s mission-driven roadmap to weave more educational layers into the app experience along with investing, to get kids familiar with the tools to build long-term wealth.

“We’re thrilled to partner with our Series B investors to bring Greenlight to millions of new families and help parents prepare their children for healthy financial futures,” said Tim Sheehan, CEO and Co-Founder of Greenlight. “In the near future, I hope that this generation of kids grow up to spend wisely, learn the importance of saving and feel confident investing to build wealth over the long-term.”

For more information on Greenlight, please visit greenlightcard.com, or follow Greenlight on Facebook and Instagram.

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About Greenlight:

Founded in 2014, Greenlight Financial Technology is an Atlanta-based fintech company that’s committed to empowering parents to raise financially-smart kids. Its groundbreaking family finance product, Greenlight®, is a debit card for kids that parents manage by app using flexible parental controls. Patent-pending technology enables parents to choose the exact stores where their children can spend, manage chores, set parent-paid interest rates on savings and more. Kids monitor balances, create saving goals and learn to make real world trade-off decisions.

The Greenlight Card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by MasterCard International. For more information, please visit: greenlightcard.com.