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John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Teaching the Value of a Dollar: Average Allowances for Household Chores

September 27, 2016 2:09 am


One of the more effective methods of teaching financial responsibility to children is offering an allowance in exchange for household chores. Providing a reasonable amount, however, is key to ensure the child has a realistic understanding of “the value of a dollar.”

The going rates for the most common chores, according to the COUNTRY Financial Security Index, are:

Making the Bed - $1.18
Setting the Table - $1.31
Taking Out the Trash - $1.90
Doing the Dishes - $2.03
Cleaning the Bedroom - $2.07
Cleaning Surfaces - $2.20
Cleaning Floors/Vacuuming - $2.55
Taking Care of a Pet - $2.66
Cleaning a Common Area - $2.72
Doing Laundry - $2.82
Cleaning the Garage - $5.20
Mowing the Lawn - $6.28

When is the best time to start offering these allowances? Survey respondents say as early as age 5, and ideally when the child reaches age 8.

Source: COUNTRY Financial
 

Published with permission from RISMedia.


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Flying Is Not Fun—but These Fail-Safe Tips Can Help

September 26, 2016 2:09 am


Flying is not fun.

That’s the consensus from a recent Consumer Reports survey assessing air travelers’ attitudes toward flying—in fact, zero of the airlines evaluated in the survey came close to receiving affirmative feedback across the board.

“It’s hard to imagine that there was a time when flying was fun, even glamorous, but today’s flyers face a labyrinth of fees and lackluster services,” said Mandy Walker, Consumer Reports’ Money Content Development senior editor, in a statement on the survey.

Survey feedback on coach/economy for American, Delta and United—the largest airlines in the U.S.—came in poor for factors such as cabin cleanliness, in-flight entertainment and refreshments.

Booking sites were not well-received among survey respondents, either. CheapOair.com, which touts inexpensive airfares, had the highest average fares and not one lowest fare when compared to the five other sites investigated by Consumer Reports.

“We recommend doing multiple searches over multiple days to increase your chances of finding the lowest fare—you will notice that persistence pays off in the quest for the best price on travel booking sites,” Walker said.

There’s a silver lining in the clouds: survey respondents gave Alaska Airlines, JetBlue, Southwest and Virgin America decent marks for coach/economy, citing ease of check-in and staff service.

Fliers should take these findings into account on their next excursion, according to Consumer Reports. Make the cabin a bit more comfortable with a blanket or sweater and noise-cancelling headphones, and keep a disinfectant on hand to reduce exposure to germs. Consider travel insurance, too, to protect your expense and possessions.

For more from the survey, visit ConsumerReports.org.

Source: Consumer Reports
 

Published with permission from RISMedia.


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