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School-Age Children & Earning

Talking with your child about money can go smoother if you keep the conversation age appropriate. The conversation starters and activities here can help you find the words.

Conversations about earning

  • You might decide to give your child an allowance. For your child’s development, the most important part of an allowance is talking about his plans for the money
  • Your child might want to earn extra money. Talk about what's considered “extra” in your family and how to earn it
  • Your child might receive money as a gift. Help your child decide how to use this money
  • Your child may bring up his friends and peers, so be prepared to discuss your family’s unique situation and priorities

Activities about earning

Surprise Money Gift

The activity

Pretend with your child they've just received a surprise gift of $100. Ask them what they'd do with the money. Then, talk about whether your child was going to save the money, use it for something they needed, use it for something they wanted or something else. Talk about whether they would've spent the money differently if they had worked to earn the $100 or if they had borrowed it?


Help your school-age child and preteen reach money milestones...