When you mention the words ‘market value’ to your children, you can bet their eyes will start to glaze over.

But when you’re a kid, getting paid a dollar for giving your mum a massage sets you up with some pretty unrealistic ideas about the value of money.

That’s why it’s so important to teach your kids about how much their work is really worth.

Mamamia TV chatted to Caroline McKeon, Start Smart Facilitator at CommBank about how you can make this an eye-roll free experience.

How do you teach your kids about getting a fair wage?

Want more? Try these…

Yes, your spending habits rub off on your kids but here’s how to make that a good thing.

Money saving advice for your kids (that they’ll actually pay attention to).

“Women are hardwired to be conservative with money. I say bollocks.”

Disclaimer

These Money Matters videos are intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any viewer and must not be relied upon as financial product or taxation advice. You should consider seeking independent financial advice before making any decision based on this information. Commonwealth Bank of Australia ABN 48 123 123 124.