Money, Money, Money

Giving your child a good education in money is one of the key preparatory steps to success. 

Start small. Give your children money to as part of their contribution to the team of task contributors in your home. You can also give them pocket money that has no jobs attached to it as well if you like.

Encourage your child to use the money after it has accrued a little rather than blowing it every time on lollipops.

Even if you can afford it, don’t buy them everything they want. Give toys and DVDs and games as rewards for hard work, or get them to work towards them by earning extra money with you.

If you are self employed or a wage earner yourself and you find your child wants to do a lot of activities or have a lot of things, explain the time it take to earn that particular thing. Give them the option of more hours away from them for you to earn the money, or more time with them. Children find it an interesting decision and they will often make a different choice each time.

The earlier you can teach your child to make money away from a salary or wage earning method the better. Talk to your children about passive income and provide them was ways to learn about how they can earn it. While many children are not officially allowed to register for online money making plans such as registering for click bank, or online selling, they can do it through you.

Also consider other methods of earning for your child. If they are creative, they may want to design Jewellery or something similar.