Doing chores is one of the best ways for kids to start earning money (and helping you out)! Here are some great age-appropriate chores to try.
Hey, guys! Welcome to your one-step resource for helping your kids learn good money habits. Watch this video for more details:
Kids can (and should) start learning the value of hard work from an early age! In this section, you’ll find content that will help you teach your kids about how to earn money.
Let’s be real: Your kids will want to buy something at some point. As the parent, help them define their goals by guiding them on which purchases they’re allowed to make and showing them how to earn money so they can buy what they want with cash.
Kids need to know that money comes from work (not debt). Explain that when people have jobs and do their work, they get paid—and when they don’t do their work, they don’t get paid. Commission-based chores are a great way to help them learn this.
You decide which chores to pay your kids for and which ones are expected of them as a family member. And you make the rules on how much each chore is worth based on your budget, your child’s age, etc. You can also help your kids find other ways of earning money that go beyond chores.
There’s a big difference between getting an allowance and earning a commission. Let’s talk about why I think one is better than the other.
Making money is exciting for kids—but it’s super important that they know how to use that money wisely. In this section, you’ll find content that will help you teach your kids all about what to do with the cash they’ve earned.
Tell them about the power of generosity and that there are plenty of ways to give money (at least 10% of what they earn), whether it’s to a church, charity or individual. You can help them brainstorm creative ways to give their time and talents too.
Explain that saving can be hard, but it helps us be patient, and it’s worth it when we finally reach our goals. As they earn money, help them organize it into giving, saving and spending envelopes or jars.
Celebrate their hard work with them and help them make a simple plan (aka a budget) for exactly how they’re going to spend their money based on the goals they’ve already set.
A no-spend summer (or even a no-spend month) can be a great way for kids to learn the power of saving firsthand. Here’s what happened when we tried this with the Cruze kids!
Here are plenty of tips and ideas for what your kids can do with their earnings, organized by age group (because these money skills matter at any age)!
Coloring Pages From My New Book
Help your kids get off their screens and get creative! Print off these coloring pages of their favorite characters from my new book, I’m Glad for What I Have.
Give, Save, Spend Labels
Here’s a simple—and cute—way for your kids to keep track of their money so they can start using their earnings to bless others, build wealth, and spend with intentionality.
Daily Chore Chart
This fun, easy-to-use chart will help your kids keep track of the chores they’ve done—and still need to do—while keeping their goal in sight.
If your kids try a no-spend-month challenge, they can color in this calendar to track their progress and how much money they save throughout the month.
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My New Kids Book is Here!
You guys . . .I wrote a kids book that will help you start meaningful conversations with your little ones about contentment (a topic that goes hand in hand with money). It’s available now, and I couldn’t be more excited to share it with you and your family!