Wednesday, July 08, 2015If you are thinking how can kids make money, you should read this article. Teaching children to earn their own money can develop self-confidence and a strong work ethic that will last a life-time. There are ways that even young children can earn some pocket change.
One way that little children can earn some change is through a lemon-aid stand. They can do almost everything from making signs to squeezing the lemons with a little help from you. Try to let them do as much as possible on their own and then help them if they need an extra hand.
Older children can do yard work. If they are old enough, encourage them to develop a lawn mowing business. They can branch out and offer other services such as picking weeds, watering lawns and anything else they can come up with. Washing cars is another option that is sure to bring in some extra cash.
If they are of age, they can start a paper route. Paper routes require discipline and hard work. If a paper route is managed the right way, it can bring in a substantial amount of cash flow for your youngster. This is especially great for the kid that is a goal setter and has a big purchase in mind.
If you have a child that has an entrepreneurial spirit, encourage them and add to their ideas and plans. Offering an allowance with a savings plan that you are willing to match is another great idea. Doubling their savings attempts will not only encourage them, but also show them how quickly their efforts can pay off.
If you use your imagination and creativity, you will find ways for children to make money. Always encourage youngsters that want to experience a little independence and earn their own way. Hard work can teach discipline and the value of the dollar, which can go a long way as they grow older and have to manage money on their own.
Derrick Janson is an expert in Teaching Kids About Money. He has taught about how can kids make money topics, allowances, budgeting and saving money for kids.