How do I teach my kids the value of money now that they're earning some?

I would suggest approaching money from its limits rather than its power. After all, it is only metal and paper. But, like a paintbrush in the hands of an artist, it can create things of great value. For a creative person, money might be a tool to create new opportunities. For a compassionate person, money could be a means of bringing happiness to others. How we use our money is a statement of what we think is important—our values. When children are old enough to earn and save money, they are ready to begin the journey of discovering their own values.

As a parent, you can help them begin this adventure by expanding their choices at those times when they are consumed by the idea of consuming. For example, point out to your child, "Yes, you could buy those expensive jeans, or you could use some of your money to buy your friend a birthday gift." You might also help them create budgets that reflect long-term and short-term goals and integrate their current values. But most importantly, let your children know that money is only a tool—it is they who have the power to make a difference in their world.