The difference between earned and gifted income is an important but often confusing lesson for a child, especially because a majority of a child's income is typically gifted. Demonstrating the importance of earned income teaches your child that as an adult he or she will need to work for an income. Help your child understand this important lesson and gain a healthy work ethic through the following activity.
Have your child write down all the ways he or she obtains money. Then:
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