“Opportunity is missed by most people because it is dressed in overalls and looks like work.”
Is your child passing up opportunities to earn a few extra bucks around the house?
You: “I’ve put together a list of odd jobs above and beyond your unpaid chores. The amount I’ll pay you is next to each one. See? Like $4 to wash my car. Whaddya say?”
Your kid: “Nah, I’ll pass. Doesn’t seem worth it.”
Sounds like it’s time to set up a Money-You-Could-Have-Earned account. It’s a way to teach your kid that a few dollars here and there add up to significant dollars over time — especially when you factor in forgone compound interest.