16 jobs for kids to put them on the path to financial literacy

A kid’s first job gives parents an opportunity to teach them important lessons about managing money. Table of Contents

It indicates an expandable section or menu, or sometimes previous / next navigation options. Learning to earn

Developing skills for life

Jobs for teens age 14 and older

Jobs for kids age 11 to 13

Jobs for kids 10 and under

Rules and regulations for youth employment

Don’t let your kids squander their earnings

Learning to earn

Developing skills for life

Jobs for teens age 14 and older

Jobs for kids age 11 to 13

Jobs for kids 10 and under

Rules and regulations for youth employment

Don’t let your kids squander their earnings

A summer or after-school job is a great way to teach kids money management skills, including saving.

Before you can manage money, you have to know how to get money.

The skills and work ethic kids develop through jobs will stay with them as they grow.

Read more stories from Personal Finance Insider . Get the latest tips you need to manage your money — delivered to you biweekly. Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy .Summer is an annual rite of passage for children and teens, many of whom are eager to say goodbye to classrooms and daily lessons for a few school-free months between grade levels. Paid jobs can be a great way to fill their time and learn valuable life skills.Punctuality, dependability, networking, communication, problem solving, money management , and financial literacy are all strengthened as children begin to earn their own money. Working with people outside the home helps them navigate relationships in different settings. They may have to deal with challenging coworkers, the demands of a schedule, and keeping customers happy.Whether working for someone else or being their own boss at the corner lemonade stand, guiding your child as they take their first steps into the workforce is a powerful opportunity for first-hand learning. Here’s how to get started. Learning to earn Buying something with their own money is a memorable accomplishment for any kid. Employment helps build a strong understanding of the value of money and what it takes to be a successful earner, a fundamental building block to financial literacy. Before you can learn to manage money, you first need to know how to get money.Once kids are earning, parents can coach them on how to spend and save so they don’t squander their hard-earned cash. It’s also a great time to help them reach milestone goals, allowing them to plan ahead for large or special purchases, and how to stretch their earnings to last between paychecks.”When we focus on financial education, we’re preparing young people for their careers and for earning income throughout their lives,” says Laura Levine, president and chief executive officer of Jump$tart Coalition , a nonprofit organization committed to youth financial literacy. “But it starts with real practice.”Earning their own money makes financial lessons relevant to real life. But Levine stresses that it requires effort. Parents need to make sure they talk with their children about apportioning their money into savings, spending, and giving, she says. Quick tip: With each paycheck, encourage your child to split their money into savings, personal spending money, and giving. Giving can be as simple as putting some money in a donation box. Developing skills for life The skills kids learn through jobs will stay with them as they grow. The more successful they are developing a solid work ethic, self confidence, and the ability to work with others, the better their chances are of getting higher-quality jobs and earning more money in the future.First jobs can also help teens discover lifelong passions, or figure out things like whether they prefer working outdoors instead of in an office or at the mall, notes Liz Frazier, author of “Beyond Piggy Banks and Lemonade Stands: How to Teach Young Kids about Finance” and executive director of financial literacy at Copper Banking .”The key is aligning their work with their interests and talents,” Frazier says. “Although it probably won’t be a dream job, if this is their first job experience, ideally it should be a positive one. Teach them the basics so they can succeed in their job: be on time, be respectful to […]

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