Money is earned: Nowadays,most children get pocket money or allowance from their parents. However, they need to be taught thatmoney does not come for free. One has to work hard to earn money. To begin with, seek out your kid's help and assign them a few household chores such as switching off the lights and fans when leaving the room, watering the plants, or making their beds. Once the task is completed, reward them with allowances. On one hand, this practice will nudge them to pick up good habits and on the other, they will learn that money is earned after the completion of a task. Therefore, allowance becomes an important part of how children learn about earning, budgeting, and managing money. Hence, earning is learning.