For a school project titled “the Value of Money” our son (11 yr old) set out to learn about how to earn and save his own money.
He had to learn how to buy products from a supplier (us, his parents!) and sell them at a local market stall recently.
He had to pay out for all his own expenses and then what was left was his profit. We encouraged him to save some for a big ticket purchase down the track and he could keep the rest.
A very valuable lesson and since then we have found we have a little entrepreneur in the making. He has committed to the monthly market stall to grow his bank account. Go Jackson!!