Kids Earn Money

Let your kids earn money! Your kids will have a hard time understanding how money works if they don’t earn it.

When kids can earn money they get a better concept of how the world works.

I am not a big supporter of allowance, at least without strings attached. Kids need to learn that money does not grow on trees, or in dad’s wallet. And certain chores are expected simply because you are a member of the family.

However if you decide on a certain chore list that will help kids to earn money fine. Help them understand that money doesn’t come without work, much of today's debt problem comes from this simple concept.

Help your child brainstorm some ideas to earn money. Let them be involved in the process and you will be surprised what they come up with. Mowing lawns, walking dogs, knitting, selling baked goods, etc.

Kids can earn money by babysitting their younger siblings. My 6 year old does this, while I am still home but busy. This allows me time to work on this website. I can still hear everything, but am in a separate room. If she wants to earn the money than she has to play with them & take care of them.

This has many benefits. But the main is that my kids earn money and don’t expect handouts.

My husband grew up near his extended family and they had a farm. It was a great opportunity for him to work with his grandfather (see his example) as well as earn his own money.

Set the example yourself. Kids earn money more efficiently if they are taught by you. For example you can bring in extra income with a family business instead of wasting time watching TV.

Teach your kids to maximize what they bring in. Then they will have their own money and budget to work with as you teach your kids how to save & use money wisely.

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"A man in debt is so far a slave,"
Ralph Waldo Emerson.

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