Earning

For several years now, the term “growth mindset” has been cropping up. It’s very likely your kids have heard about it from teachers who want to inspire confidence in students. What is a growth mindset and how can we instill it in our kids?

Every family has their own approach to doing chores (or not doing them!), but the benefits of your kids doing chores can extend far beyond a more organized household. Doing chores can help kids learn responsibility, self-esteem, time-management skills and more.

The teenage years are about independence, challenging the status quo, finding and developing passions and gaining a sense of self. How then, as the parent of a teen, is one supposed to ensure they are teaching their teen about money to prepare them for being out on their own?

Allowance is often kids' first experience with earning money. Depending on each family's approach, allowance can help instill a life-long "yearning for earning" in kids and help them learn responsibility and money management.