5 Tips to Teach Your Kids the Value of Work

If you are a parent, you’re bound to hear your kids demand money from you at some point in their life. As a parent, you must decide well ahead of time how you’ll respond to these demands and manage being a mobile ATM. It is your responsibility to teach your kids the importance of work and money. They must also be given opportunities to put into practice what they have been taught.


It is extremely important that you teach your kids by doing. The best time to inculcate a solid work ethic both at home and professionally is when they are still very young. Children ought to be encouraged to do their own share of house chores. Let them help out around the house! A strong work ethic is contagious and if you succeed in instilling this notion early enough, the work part is settled already by the time money is brought into the equation.


For your children to comprehend the value of professional work, first they have to see you work at home. Seeing you do some work will enable them to begin to appreciate that working is part of life and that it’s fun doing it. When you demonstrate that work is enjoyable and has intrinsic value, they will focus less on the money.


Most often, children fail to understand why their parents must go out daily. However, as they grow older they start understanding that mum and dad have to work in order to earn money for clothes and food and other needs of the household. If you’ve instilled a strong work ethic in your kids, the message only becomes more solid when you throw in an allowance. When you pay your kids an allowance, it can set in motion genuine discussions with them about the costs of things in life.


When you’re trying to educate your kids on the actual value of money, resist the temptation of using money as a form of encouragement to get them to do their work. For example, promising them ice cream if they all finish their chores before 6 p.m. You are teaching them the end result is all that matters rather than the process. When you do this, you enhance the money equation and diminish the work ethic. On the other hand, when you use money to reward strong work ethic and quality work, it helps to inculcate the appropriate work lessons in them.


In the previous steps, we discussed the importance of working hard and the value of money. It is only logical that we encourage part-time work in this last step. There are a few reasonable jobs that encourage strong work ethic and also earn them some money. Even though this may likely stress you out, a part-time job also teaches time management. It will be challenging the first time around as they begin to gain knowledge of real hard work; nevertheless, this job will go a long way in enhancing their self-worth and self-esteem.

When you teach your children the value of work, it reduces their reliance on you as a money machine and also encourages and increases their respect for hard work— a lifelong lesson.

Written by 3rd Independent party

2017-40570  10/17

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