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Making Money

Apr 18, 2022 Family & Finances

Raising money smart kids begins with teaching how money is earned. Start small by letting them know the different ways they could be paid.

A young girl sitting on a couch, watching a cartoon on a laptop.

April is Youth Financial Literacy Month and to celebrate we’re sharing resources and activities you can use to help guide the children in your life. Below is a video to watch together, article to read, questions to discuss, and links to a related comic and activity sheet.

Earning Money

People earn an income when they’re hired by an employer to work at a job. Income is earned as a wage, a salary, or a sales commission.

Let’s look at an example of each:

Questions To Discuss

  1. List three different ways an employer can pay you for working at a job.
  2. What’s the difference between a wage and a salary?
  3. A ________________ is income based on part of a sale amount.
  4. What would Andrew have to do to earn more money at his job? What would Toby have to do?
  5. Bonus Question: A wage, a salary, and a sales commission are all ways to earn income at a job. What’s another way to earn income?

Continue The Conversation

Activity Sheet

Comic Strip

Two young girls playing on a playground.
Life Guidance for:

Raising Money-Smart Kids

Talking to kids about money is not only acceptable but also encouraged. Use our tips to help your child understand and practice age-appropriate money management skills.

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