Does it seem like your kids are always asking for money to purchase the latest toys, games or other items their little hearts desire? While it may seem easier to just shell out the cash, this won’t teach them anything about managing their finances when they get older.
One of the best lessons you can teach your children is that they will have to earn the money they need to buy the things they want – and the good news is that technology has made it easier than ever for kids to earn a few extra dollars to spend.
Here are some kid-friendly income generating ideas you can present to your children the next time they ask you for a cash handout:
Start a Yard Service Business
Performing yard work is probably one of the oldest methods around that allows kids to earn their own money and it’s now possible for them to advertise their services online instead of trudging from door to door in your suburb to let neighbors know about their service offerings, such as raking leaves, mowing lawns, watering plants and doing general yard cleanups.
With life becoming busier than ever for most adults, this doesn’t leave much time in their schedules for taking Fido out on a daily walk. Offering this service will not only allow your kids to earn some spending money; they will be getting a good amount of exercise and spending time with animals while out walking – a favorite activity for many children.
Teach Others how to Use Technology
Many older persons struggle to master using various gadgets and today’s kids are more tech-savvy than anyone else. If your child has a little patience and enjoys showing others how to use apps, set up their phone or computer or even navigate the internet, they could make a decent amount of money teaching older folk how to perform these tasks.
Organize other People’s Stuff
If your older child has a knack for keeping their own stuff well organized, they could put these skills to use for others and earn money doing so. A number of individuals simply don’t know where to start when it comes to getting their living spaces organized in a practical way, so they are normally more than willing to pay someone else to do it for them.
Older children are more than capable of running errands such as dropping off or collecting items at the post office, delivering and picking up dry cleaning and doing grocery shopping and delivering the goods afterwards. You may need to be willing to assist at times, such as when a particularly large grocery order needs to be dropped off at a neighbor though.
Although the above-mentioned ideas will involve a fair amount of physical labor, they will also teach your child a valuable lesson in that hard work pays off. If they’re willing to put in the labor, they will quickly realize that it gives them some of the buying power that they so desire – especially as they become older.