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Kids, Money, and Capitalism

November 17, 2016 By Y3K

Kids can learn about money, hard work and capitalism. Some parents don’t believe in giving their kids an allowance. Instead they give their kids a commission. If the children work doing chores, they get paid. If they don’t work, they don’t get anything. Children learn very quickly how capitalism works throughout the United States. They realize if they want something, they will have to work hard to earn it.

The pay range could be around $1 to $5 per chore. Some increase the amount as the child grows and the work becomes more difficult. If you decide to go this route, make sure the commission amount is appropriate for your family and budget.

Filed Under: Articles Tagged With: advice, America, controversy, money, parenting, positive reinforcement, United States, unspoil

Teach Giving Back

May 21, 2013 By Y3K

Demonstrate that giving back is the most important thing one can do. You can teach this with money. If you hand a kid a quarter to drop into the local street corner animal shelter container, they are just delivering YOUR money so nothing is learned. Sometimes kids need to know how it feels to help others with the sacrifice of donating their own money. This also works with donating some holiday and birthday presents and Halloween candy to the sick or poor.

Filed Under: Articles Tagged With: adults, advice, birthday parties, children, controversy, inspiration, kids, learning, parenting, unspoil, young children

How To Unspoil A Child

May 4, 2013 By Y3K

To unspoil a child, they need to learn how to earn the items they want to have. Children need to feel a connect between work and money. One way to teach them this is to pay commissions and not allowances. Therefore they will earn money towards items they want for doing chores and tasks. They will learn that if they work, they will get paid. If they do not work, then they will not get paid. That is the rule for parents in the real world, so it might as well be for kids too.

Filed Under: Articles Tagged With: achievement, adults, advice, behavior, controversy, elementary school, executive function, grades, high school, kids, middle school, parenting, responsibility, schoolwork, students, support systems, teenagers, time management, unspoil, young children

Money Management & Kids: Start Early

February 5, 2013 By Y3K

Teach your kids early on to save their money for future purchases. If they learn the discipline of how to set aside money for their toys today, then they will know how to save up for a car or a house when they are older.

Filed Under: Articles Tagged With: advice, children, discipline, elementary school, high school, kids, middle school, money, parenting, responsibility, teenagers, unspoil, young children

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