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A Few Simple Ways You Can Help Your Kids Make Money

Apr 17, 2008
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 for them to do around the house. Do not include their regular chores in with these new duties. Don't create a job for them just so they can make money- you might as well just hand money to them. Take a close look at what actually needs to be done around the house and choose something that is appropriate to their age.

Ask what your child needs money for. Make the job reasonable, and the amount of money earned in relation to the job, not out of proportion.

2. Help your child start a service business in your neighborhood. Once our child is old enough, they can begin something like a lawn care business with your help. You can create flyers and deliver them around the neighborhood, stating your services and fees. Elderly neighbors who have difficulty doing these things, as well as busy people make the best clients. Make sure to closely watch your child at each job, and only help when you need to.

3. Have your child create crafts or something else that you can sell on EBay. If your child enjoys making crafts, you can find a market in which to sell their creations. EBay is a great place to try selling things at no pressure, and where kids can watch the selling occur. Follow EBay's rules for setting up an account. If your child is too young, you may have to set up and own the account for them. Help your youngster take photos of the items, and help your child to write descriptions of what they are selling. Ebay introduces kids (and parents!) to the process of starting, owning and keeping a business.

4. Have a child watch their younger siblings. Children who are seven and up can help keep an eye on a younger sibling if you are nearby in the house. This is not technically a babysitting job- it is simply a monitoring one. When you are busy around the house or doing your own chores, hire your older child to keep an eye on their younger sibling while you do it. Be sure to remind them of certain things: keep them away from the stove, keep toys out of their mouths, etc. Don't give them too many instructions or your child is likely to zone out on you.

5. Consider having a yard sale. If a child wants to make some extra money, have them pick out (with your help) some toys they no longer play with and some clothes that don't fit. By selling them in a yard sale, they can make a few dollars, and clean up their rooms. Selling used items is much more beneficial than throwing them away or simply storing them and not using them. Let others benefit from them as well.

Kids are hard workers. Asking for more work is a sign that they are learning how valuable money can be to their lives. These five ways to make money are a start. Add more of your own as you think of them.
About the Author
Are you stressed out about your debt? Do you have a list of things you'd like to do if you weren't putting all your money towards your debt? Learn how to legally eliminate debt on the Debt Smackdown website. Visit http://www.debtsmackdown.com for more tips & advice.
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