3. Create Ways To Earn, Save, Spend And Share
Whether or not you believe kids should be paid for their chores, it’s important to give your child the opportunity to work hard and earn money. It’s wise to help kids divide the money they earn into 3 categories: save, spend, and share. By setting aside money to save, they will learn responsibility and patience. By spending, they will experience the rewards of hard work. And by sharing, they can feel the joys of helping others.