subject: How Can Kids Make Money On Top Of Their Allowance? [print this page] How Can Kids Make Money On Top Of Their Allowance?
Any parent should focus on teaching their children the importance of saving and making money from an early age. Kids can earn money when they are young in a variety of different ways, and teaching your kids to be entrepreneurial and consider the value of earning the money that they have will certainly stand them in good stead in the future. So how can kids make money as a supplement to their allowance?
Well, it is first important to note that the allowance that you give to your kids should come at a price. Simply giving them money each week or month without them actually having to work for it is a pretty poor lessen to distribute. Instead, they need to understand how important it is to work for the money that they have, and therefore you should always assign them specific chores in exchange for their allowance.
On top of this you can also offer them additional work in order to earn additional money. If they have specific goals that they need to meet then you can offer them extra work around the house or in the garden for a specific fee. Working towards a specific goal and doing extra work to earn extra money to get there is a great lesson to learn as early as possible.
You should also teach them the importance of finding work in the local area. Adults in the local area will always be looking for different tasks to be done, and due to the fact that kids really don't charge much, they will usually be very happy to pay out a few coins here or there. As such, consider such things as washing cars in order to make some additional cash.
There are many other ideas for kids making money. In the summer months you may also turn your attention to the garden and as such landscaping, raking leaves, and other related tasks and chores can also be done. Money making ideas for kids are not so difficult to think of if you sit down and look around you.
If you teach your kids these lessons early then they are very likely to grow up valuing money, avoiding debt, and working hard to achieve financial success.
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