TEACH YOUR CHILDREN TO EARN THEIR OWN MONEY.

I have told you how important it is for children to do chores, and how much they learn.

Today I am writing to tell you that sometimes children want things that they want to buy for themselves.

With their normal chores chart you can add another one that tells them how much they can earn if they do certain things.

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You must make a chart for them to go and look at to see what they can earn if they do extra work.

This is more for the bigger children in your home. If they know that they will earn a certain amount of money after they had done a chore that was not their normal chore they will really learn how to work with money.

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They can work out how many chores it will take to get the money they need and then carry on from there.

Once children learn to work for what they want they will realise that you also have to work for your money and you have to budget.

This will teach them to budget how long it will take them to get enough money for what they want to buy.

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It must not always just fall into their lap as they will never learn how to handle money. It is so important for children to realise that money does not grow on trees; it is something you and they have to work for.

You will also find that your child will enjoy the item so much more once they have bought it and realised that they worked for it.

I can assure you that they will look after this item so much better, than you just buying it. They will appreciate the fact that it took some time and they had to do extra things to get the item they wanted and that is just how life works.

I am not saying that you should never give them gifts, of course they have birthdays and other things they need for school that you will supply, but if it is something that they want for their own reason it is so much better if they learn to work for it.

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Children will also have fun when they do the extra work as they see that their little bag of money is adding up. So teach your children the value of money and they will remember it all their lives.

I hope you have a wonderful day and enjoy doing your children the favour of teaching them the value of money.

This is such a good idea - visualising their awards. 😄

Interesting post dear.

That's great interesting post@mr:bigbear sir. thank for sharing this life...

I am teaching my Son to save money but I haven't tried teaching him how to earn. This is a good post and I strongly agree with this.
I will try to apply this to my Son. He is only 6 years old and I'll think about what chores will fit his age. This will be fun and I believe this will be a great help for him to know the value of money and how hard you need to work to get it.

@bigbear .I salute you for the interesting article. Yes kids enjoy doing chores in this way. I remember our uncle used to give us one special chore when were kids. He wanted us to kill all the mosquitoes which were in his room every evening and he was paying like a peny per fresh beaten ones. We could hardly get one to twelve of them but we were very happy with that.

In addition to encouraging them to do certain tasks, they can also learn what is responsibility and how to "manage the money" they earn for it. At the end of the day, children can have that touch of ambition to be more consistent in what they want and do extra work that helps the whole family.

Interesting article. It is very important that we teach our children the true value of what sometimes costs to sweat money. Avoid indulging yourself in all things and guiding them wisely to acquire your goods with your own efforts. Blessings

Nice post friend good

Magnifico always very cute your post