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Top 14 Ways to Teach Kids About Money

At some point your child may feel that an allowance isn't enough money for their spending habits. There are lots of great jobs for kids that can help them learn about responsibility while earning their own money.

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Madison's Kids and Money Blog

Babysitting Jobs for Kids

Friday August 15, 2008

Do you have a teen or pre-teen who wants to earn money? If she enjoys kids, a babysitting job might be the perfect answer. In addition, babysitting jobs can teach kids about money management in the form of negotiation, advertising, income variability, and trade-offs.

Explore the pros and and cons of babysitting to see if it's the right job for your child. Find out more in babysitting jobs for kids.

Fun Money Lessons From the Olympics

Friday August 8, 2008

With the 2008 Summer Olympics in full swing for the next few weeks, there are some fun money lessons for kids.

For younger kids: Introduce the concept of different currencies in different countries. Explain that travels to foreign countries will require the use of a different kind of money. If you have any foreign coins, let your children compare the size, color, and pictures to the coins in their piggy bank.

For older kids: Introduce exchange rates during the Olympics. As you watch different competitors, determine the amount of currency your child will get in the athlete's country for one dollar.

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