The best way to teach kids about strong finances is to give them their own money to handle. Here are just a few ways they can earn that money.
Get money kids by offering them earning opportunities
Parents should get money kids by giving them opportunities to earn right at home. Then, when the kid becomes teenagers, let them earn from elsewhere.
When thinking of the ways your children can earn money, know that there are countless opportunities for your kids in and around your home. In fact, parents can turn almost every activity of the kids into any opportunity for them to earn money. This way, kids will know the value of money that it is earned by doing some job. Parents can use the tools such as awarding the kids for doing a good job, or discourage the kid from being lazy or doing a work improperly by reducing their allowance.
For instance, parents can get money kids by asking their children to hold a garage sale once in a year. These sales include selling of unused toys, clothes etc. Neighbors, friends and relatives can buy these things from your kids. Another popular business for kids is to start selling lemonade. How about the kids offering services as lawn mower? Kids can mow yards at home and earn money from parents in the summer. They can rake leaves in the fall. They can also earn by shoveling snow in the winter. Teenagers can offer these services to the neighbors also.
Neighborhood car wash can also get money kids for their expenses and savings. Parents can also encourage kids to design toys, jewelry, gift baskets, candy baskets etc and sell these items to the neighbors and in nearby markets. Kids can also help neighbors and offer their help to the elderly to earn some money.
One of the popular businesses for children is to do babysitting for babies. Amongst other such businesses, sell your used video games to local stores, sell your clothes to a nearby shop, help neighbor’s water plants and tide up home or check their mail.
If your child is interested in writing, encourage him or her to write online reviews to get money kids. These reviews are about toys and other such products. Children can also write children books reviews. This modern way of earning is very constructive and forms a habit for writing well.
Advice for making money
1. Kids should start looking an activity as opportunity for earning money
2. Save money to start a business
3. Do not forget that money makes money.