Paying their way: By the tween years, kids
should start to be responsible for some of their own expenses. It's
one thing to earn money and another to live under the constraints
of that finite resource. Consider making them pay for some of their
own expenses, such as school supplies or birthday gifts for
Nurture budding tycoons: You can spot the
entrepreneurial kids by this age. For kids who show an interest in
business, consider an online stock or small business simulator game
offered by many websites, including Investopedia.
Cultivate the value of giving: This is a great
time to teach kids the importance of using money for community
good. Business skills can be sharpened and philanthropic traits
nurtured by encouraging kids to help causes they care about. Animal
shelters are popular.