Letting your kids earn extra money is a great way to start teaching them financial skills. Many parents have found out the hard way that schools do not teach much in the area of money matters. When it comes to kids, this is a life skill that is necessary and will easily help mold them into being financially responsible adults. One of these important skills is learning how to earn money, and also how to find opportunities to do so.
Teaching kids how to be financially intelligent doesn’t require a whole lot of effort. There are many simple ways kids can earn extra money and today we will showcase some ideas to help guide you forward in allowing your kids to earn extra cash to spend or save.
Make and Sell Jewelry
Depending upon the age of your kids they can start to make jewelry and sell it on websites like Etsy. Sure you will have to be certain most of the payment is setup in your name as a legal adult, but you can allow the kids to be the ones who make product, sell it, and are responsible for packing and shipment. Etsy has opened the doors for many to become entrepreneurs, why not have your kids use their crafty skills to earn extra money?
Landscaping for Neighbours
If you live in a friendly, suburban neighbourhood your kids can start to do lawn mowing, leaf raking and shovelling for the neighbours. Discuss proper rate structure so that your kids don’t give out low figures and teach them how to set rates based on how long the job will take. This is an easy way to teach your kids social skills while they earn extra money.
Host a Car Wash
Usually hosting a car wash is reserved for charities, but you can work with your kids to have them host a car wash where a percent of their earnings goes back to community charity. Not only is this a simple way for kids to earn extra money but giving a percent back to charity is instilling an important lesson of giving back others. A car wash will have some costs involved, which you can work out with the kids on who will be responsible for upfront costs.
Babysitting or Pet Sitting
Babysitting or pet sitting is the perfect job for kids who love children or pets. Work with your kids to create fliers to put around the neighborhood, ask your local school if they have a job board where your kid can place a flier. Get the word out that your kid is available to pet sit and babysit should the need arise. This is the perfect way for kids to earn extra money during the summer season.
Depending upon the age of your kids the list of simple ways for kids to earn extra money can go on and on. Think about big chores around the home that you want more help with. Consider paying the kids for completing the larger tasks. Homey – Chores and Rewards is a great app you can use to manage these jobs, along with their regular responsibilities. It also allows you to pay the money directly to kids’ bank accounts, so they get experience in how they will get payed when adults. Use your creative mind and start working towards allowing your kids to earn extra cash so that they can become financially responsible adults.