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Working It Out - teach Your Kids How Money Is Earned for the Family

Authored By: Genisys Credit Union on 1/9/2019

One of the most fundamental financial lessons your kids are going to have to learn is about how you work for your money. Do your kids understand that every time you pull money out of your wallet or swipe a card to pay for a purchase, that money is directly linked to the time you put in at your job? Do they realize all of your money is earned through hard work?

Here are some talking points, conversation starters, and real examples for kids of any age level, to help them understand this concept.

This is also a great time to get your child in the habit of saving. It will  benefit them in the future if they know to automatically save a portion of what they earn when it’s time for them to work for their own money.

 

 



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