Jan
23Money and Kids: Teaching Kids to Earn Money
Tagged Under : Earn Money, Kids Earn, Kids Earn Money, Money
Before kids can spend money, they have to have some in their pocket. How do your kids earn money?
The avenues that children have to earn money are very limited, and every parent has a slightly different philosophy about how their children should earn money. Here are the pros and cons of some common ways cash finds it’s way into the little pockets of our kids:
Grandma
Birthdays, Christmas, Granmda sneaking money to the kids when you’re not looking. Sometimes kids just get gifts. Obviously this doesn’t teach them about earning money, but it’s a good opportunity to teach kids about generosity and gratitude. (Please teach your kids to write thank-you notes. It’s worth it.)
Allowance
Lots of parents give their kids an allowance – a certain amount of money each week to spend. An allowance implies that they receive the money no matter what – they haven’t necessarily “earned” it. Often kids are required to do chores and contribute to the household, but the two things may not seem related – especially to very young children.
One positive thing about giving kids an allowance is that they know how much money they’re going to have and when they’re going to have it. I think that can teach so
