Home baking can be a joyful experience to adults as well as children.
Children seem to thrive on knowledge and in my mind we don't give them enough.
Teaching your child to bake is a responsibility that should not be taken lightly, we need to teach the safety factors as wall as how to do a good job.
Start out teaching your child just how dangerous a stove and oven can be, let them watch you do your baking for a while and then let them start measuring the ingredients with you checking that they are doing it correctly, after a while give them an easy recipe to do on their own with your guidance of course, let them build the confidence that they need to do a great job, let the child place the product that they prepared into the oven with you removing it the first few times so that the child can see that a oven is not a toy and that they can be badly burned if not careful.
Let your children get all the on the job training with you at hand before letting them on their own, give them all the baking tips that you have come across, after your child has learned the basics of baking they will probably start on their own and have the satisfaction of knowing that they made it and it taste great and that they are no longer dependent on the grocer for a tasty treat or pay the outrageous prices for a simple birthday cake that now they can do on their own, and you as a parent will have a great feeling that you passed something on by teaching your child how to bake at home.