Earn It, Learn It: Teach Your Child the Value of Money, Work, & Time Well Spent

When parents are striving to teach their children about the value of money and work, it can seem like a challenging task. Fortunately, Alisa Weinstein spells out methods of earning money, learning from the experience and teaching children about money in her book Earn It, Learn It: Teach Your Child the Value of Money, Work, and Time Well Spent.

The Earn It, Learn It book is designed to teach parents and children new ways of working out allowance so that children are able to learn valuable skills that are useful in future careers. It also helps parents teach their children about the value of money and spending their time well while they are earning money.

Earn It, Learn It outlines numerous career paths that children might have an interest in pursuing and tasks they can perform that are vital skills for the future skill. This system of learning and earning money through the tasks performed as part of a child’s allowance helps parents show that money does not grow on trees and that to have money for that piece of candy, children need to earn it through the tasks performed.

The book also details the allowance system so that parents and children work together and understand the rules behind what tasks are paid and which are not. For example, children are still expected to make their bed and clean their rooms, but they are not necessarily given allowance for the tasks that tidy up their own space.

With the main topic earning money and learning the value of hard work to make money, parents can use this book to teach children the value of time and the challenge of working for money rather than being given the money for wanted items.

Pros: The Earn It, Learn It book has a few pros that make it worth considering when dealing with young children that do not yet understand the value of money. The first advantage is that it teaches valuable life skills that children can use in the future. Regardless of the ultimate career a child pursues as an adult, learning to work hard at tasks relating to a career from a young age makes future goals more attainable. Another factor that is great about the book is the lesson about money. Children learn the importance of working to obtain funding for the items they want.

Cons: Though the book has great features, it also has some disadvantages to consider. One disadvantage is the time constraints of the tasks. While many tasks are designed for simplicity and children, some children might take longer to complete the task and it can interfere with other schedules. This is particularly true of children who have extra curricular activities. Another disadvantage is the lack of success stories. The innovative allowance program would be easier to implement with success stories showing that it can work.