Money Still Doesn’t Grow on Trees
If you remember asking your parents for money, then you probably have heard of the concept of money not growing on trees. However, translating the true value of money to kids is not as easy as the classic statement is to repeat to another generation. There are several methods of exposing money to a child and it really depends on the age of the child. There are some kids that will pick up financial literacy concepts faster than others, but be patient as simple exposure to these concepts can place their financial education at a further head start than most. Start by finding opportunities to make money around the house or your office. I offer my kids money for reading books on my “reading lists” after they complete a written and oral report. I also offer small cleaning jobs with an opportunity to receive a larger job with more pay, if the initial assignment is completed to our pre-agreed on level of satisfaction. The objective is to tie in effort and money and provide money saving opportunities. Once the kids have earned money in their possession, the concept of money value and the relation to money producing trees are right around the corner. Stay tuned for more.
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