Kids are enterprising people. When they need more money, they will actually ask what they can do. Teach your children the value of a dollar earned with these five tips for them to make money.
1. Find work around the house. Apart from normal chores, additional jobs can be chosen based on age and what needs to be done to care for the home. Inventing some job just because a child wants to earn money is really no different from pulling cash straight from your wallet and putting it into the child’s eager hands. Payment should be reasonable. For example, paying children forty or fifty dollars to clean out closets is not realistic, while ten normally would be.
2. Start offering a needed service in the neighborhood. Kids can start up lawn care services as soon as they are old enough to handle the responsibility. Parents, however, will have to help their children in making all the necessary arrangements. Putting services and fees on fliers and then delivering them around the neighborhood is a good first step. No doubt there is some potential clientele in the area, especially busy individuals and older folks. Keep an eye on the kids, but allow them to do the work, offering to help only if they really need it.
3. Create crafts to sell on eBay. Your child may be the type that enjoys making crafts. If they have the knack, there is a market to sell their wares. EBay offers a no-pressure situation where kids can see business in action. Follow the policies for setting up an account. If they are too young, you may have to own the account. Take pictures of the items and assist your child in writing a description of them for a viewing audience. Selling on eBay introduces kids to the art of owning and maintaining a business.
4. Have them help monitor younger siblings. Even young kids can help parents in this way. A three-year-old can be watched by a seven-year-old brother or sister. Distinct from babysitting, kids can monitor their little siblings while parents complete some chores around the house, like cooking dinner or doing the laundry.
Don’t confuse them with lots of rules. Just make sure they understand the important things. The younger child has to be followed and watched at all times, toys shouldn’t be in their mouths, and they have to be protected from dangerous things in the home, like the stove.
5. Hold a yard sale. If a child wants some extra cash, they can get rid of toys and clothing that they don’t play with or can no longer wear. Enter the yard sale. Yard sales are an excellent way for kids to make a few bucks and clean their rooms at the same time. Instead of throwing away these items or storing them in the attic, let others derive the same benefit that your child received from them.
As kids learn about the value of money, they will progressively ask to do more work. These tips are a great place to start, but adding more ideas will help you help your youngsters grow to be financially responsible adults.
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
0 Responses to “5 Ways Kids Can Earn Money”