When do I think is the right time to make a kid start learning how to make money? Is studying the only right time kids should be involved in?
At what age should a kid start learning how to make money?
- Thread starter Johnson2468
- Start date
The age at which a child should start learning about making money depends on the childs maturity and ability to understand financial concepts. Some experts suggest starting as young as age 7 or 8 while others believe that teenage years may be a more appropriate time.
- Thread starter
- #4
What aspect of field do you think will be easier for them to start with?
They could start with simple money-making activities like errands for neighbours or selling their old toys. That way they can get the hang of earning and managing money.
Some families here started to teach kids at the age of 5 to save their lucky money received during Chinese New Year. As for earning money, the legal age to work full time is 18. Those under 18 can only work for a limited number of hours per week. 13 to 14 year old kids can only work for up to 5 hours per day and up to 25 hours a week. 15 to 16 year old kids can only work for up to 8 hours per day and up to 35 hours a week.
- Thread starter
- #9
But don't you think studying in school in the most important thing for them?
I think students should be taught how to make money at schools and colleges because it will help them alot.
I think children should learn about money from a tender age. This will help them understand it's uses and value.
- Thread starter
- #14
What do you mean by real money?
Yes a little here and there will be helpful. They just need to start small to learn
A child should concentrate on learning and playing until he or she reach adulthood. There is no need to rush it. A child should be given privilege to learn and enjoy those beautiful days of his or her life.
there is no way a child will be able to figure out how to make money for himself. You need to guide them to learn.
Yes they need guidance but they need to be interested to get the guidance it they are letting them have it us right
I think age 10 is okay.
Allowing a child to start making money at a young age can help develop important life skills such as financial literacy, responsibility, and entrepreneurship. It can also boost their confidence and self-esteem while providing them with opportunities to contribute to the household and develop their own savings and investments.
Allowing a child to start making money at a young age can help develop important life skills such as financial literacy, responsibility, and entrepreneurship. It can also boost their confidence and self-esteem while providing them with opportunities to contribute to the household and develop their own savings and investments.
