Earn It, Learn It: Teach Your Child the Value of Money, Work, and Time Well Spent (Earn My Keep Allowance Program) by Alisa T Weinstein is a book with lots of practical knowledge for kids.
In this book Alisa advocates that your child choose a career and get paid for it like a salaried worker instead of simply giving him an allowance.
Your child is to do the following
1. Select his own career from the list of careers or spell out his own preferred career.
2. Pick the tasks from the selected career and carry them out.
3. Be paid for their effort in executing the tasks.
The task for the chosen career can be pecked at your child’s ability level. Monkey boy chose the career as an accountant as one of the careers which he would like to try.
I’ll be letting him try the suggested activity of using the abacus to calculate the cost of a field trip. He would have to list what he had to pay for and the cost for each item before using the abacus to add up the cost to find the total cost of the trip.
I will also let him do some simple budgeting with the household grocery account for the next few months.
I find the tips given in Alisa’s book excellent and it does seem more reasonable for the child to learn how to earn his keep. I find that it is an excellent way for a child to learn about different professions and try them out at this stage. By working they will not take money for granted and be more prudent in their expenditure. It is a great way for kids to learn.
You can purchase a copy of this book for @$10 from Amazon
Disclaimer: I received a copy of the book for review purposes. All opinions are 100% my own.
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