While you may be inclined to let your kids "just be kids" instead of giving them tasks at home, having your children complete household chores can actually go far towards helping them develop valuable skills. According to psychiatrist Helen Egger, chores can build important life skills such as taking responsibility, seeing things through, time management, organization and the ability to complete tasks independently. What's more, one Harvard study found that adults who did chores as kids fared better later in life.