How To Get A Good Idea Of The Value Of Your Time

I've been experimenting with my 2 oldest kids on how to get them to recognize the value of time and money. My father taught me with a flat rate system: Do this work, you get x amount of money. He told me the harder I worked, the faster I would get my money and could make more. The first go, I slacked off and had little to show for a days work. The next day I realized how long it was going to take and busted my butt (and back) and managed to have it done by early afternoon. That has stuck with me with any work I have done since.



I'm thinking of doing the same with my kids but instead using an item instead of a dollar amount. If you do this, you get this, and they can see what it takes to get something they want and when we go to get it I will explain how much it is and that the work they did was worth x amount of $$. My son, the oldest, especially could use this lesson as he is good at saving until the newest thing comes out and he has to have it.