How to Teach Your Kids the Value of Money

30 November 2011 - Which Way to Pay

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How to Teach Your Kids the Value of Money

It can be difficult to teach your children important life lessons in the modern world. As more and more parents are both working, and our lives get increasingly busy, there often isnít time to discipline and teach our children valuable lessons. Having a good work ethic is very important, as is knowing the value of money. There are ways to instil these life lessons into your children with just a few simple changes.

The main way to show your kids that nothing comes for free is to make them earn any pocket money you give them.  Just by getting them to do simple chores like making their beds, tidying their rooms, taking the rubbish out, walking the dog or helping with dinner, you can then reward them. You can even introduce a rewards scheme so if they complete a task without being asked first, or do a really good job, they can earn more money. They will learn that a job well done and taking the initiative doesnít go unnoticed.

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