Is it time to start preparing for going back to school already? Shopping for new pencils, backpacks and notebooks is always an exciting time for both parents and children alike. Because children have an interest in the things that they are purchasing for school, this is also a great time to discuss how to budget a back to school allowance.
More Back to School Topics:
We recently updated the minimum age to work for kids. When there is a conflict between federal and state laws, the more restrictive law will apply.
Included in the updates are the minimum age to work rules for the following states:
With summer in full swing, older kids are busy with their summer jobs. However, if you are still looking for ways to earn money this summer, babysitting is a job that you can start at any time during the year. For tips on babysitting see:
Are you ready to explore giving your kids household chores, but aren't sure just where to start? In Chores for Kids we explore all the hot topics on chores including:
- The Value of Giving Kids Chores
- How to Implement Household Chores
- Whether or Not to Reward Chores with an Allowance
- Chore Ideas for Kids
In addition the kindergarten money games we covered earlier this month, there are also many online money games for other ages available.
Here are some of the online money games we checked out recently:
With a kindergartner in the house, I'm always on the lookout for fun money games he can play.
In addition to board games and pretend play, there are also many online games available. Here are some of the Kindergarten Money Games we checked out recently:
Jobs for kids give your children more than just spending money. In addition to the paycheck they will earn, jobs for kids also teach your children about money management. As we all know, kids will be more careful with their own money than someone else's money (especially their parent's money).
If you are trying to help your child find additional job ideas, here are more ideas to get you started:
Are you working on your taxes this weekend? I just finished filing tax returns for our kids. Here are some helpful tax topics when you are dealing with minors:
Our kids start spring break today; our oldest has big plans to earn some money during the next ten days! If your kids are feeling the same way, here are some ideas for spring break jobs for kids to get your kids started.
Many of the spring break job ideas could also turn into great summer jobs too. Ideas for kids to earn money over spring break include:
In addition, if your child doesn't have a job, but is earning interest and dividends from investments you made, she also might need to file a tax return. Find out the requirements in Do Minors Have to Pay Taxes?