Have a kid who isn’t happy with his allowance? Have him make money instead of simply increasing it for him. Kids, these days, are making money from using simple yet profitable ideas. Making money will not only help children to increase their allowance but will also enable them to learn the value of money and the importance of working to earn something.
So, to help your child get started on that road to self-sufficiency, here are 6 fun and easy money making ideas for kids.
Photo courtesy of Curry
1. Making and Selling Cards Can Help Kids Earn Money
People need cards for many occasions. A simple craft activity can turn into a money-making business for kids who can draw and paint and, probably, write a simple message inside. Handmade cards are easy to sell, and by pricing them lower than commercially made cards, kids can hope to sell more numbers.
2. Face Painting is a Fun Kiddie Money Making Idea
Again, this is a fun money making idea for kids with an artistic bent of mind. Children can advertise and offer services for birthday parties, fairs and other places with a lot of young kids who’d like to get their hands or faces painted.
3. Holding a Toy or Clothes Sale to Earn Extra Money
Children receive a lot of presents- mainly, toys and clothes. Some of these may not be the right size or type and may not be exchangeable. Kids interested in making some money can simply hold a yard sale and sell them off. There will be plenty of children who’d want something that your kid doesn’t want or need.
4. Giving Tutoring Lessons is a Good Money Making Idea
Older kids can offer to tutor younger children in computer skills or other subjects. In fact, most kids know more about computers these days than some of the adults I know. So, children can easily make money by showing other children or even grown-ups how to open an email account, surf or search the Internet and other basic skills.
5. Cooking and Baking Can Help Kids Earn Extra
Children who enjoy being in the kitchen can be encouraged to make money by selling their goodies. Homemade cakes, cookies or egg wrap rolls can be easily made and sold to neighbors, classmates and at fairs. In school, I had a great side-business making birthday cakes for my classmates. They would get a yummy chocolate cake in school at a reasonable price and I would make a profit! Here are some tips on baking with kids.
6. Selling Personalized Stationery to Make Money
Another great money making idea for kids is to personalize stationery using simple rubber stamps or even software. Simply buy bulk amounts of good quality plain letter paper and envelopes and personalize them for customers with their names or special signs. Pack and sell in packs of 10 or more.
For most kids, making money comes easily and naturally. Parents can help by finding more money making ideas for kids or by supporting them in their ventures. The book Kids Can Make Money Too! by Vada Lee Jones has over 200 ways for kids to earn money. Let children make their own decisions and take that first step towards financial independence.
Once they’re on the road to making money, do teach kids how to manage that income and teach them basic financial lessons. Until then, share these ideas with your kids and help them increase their allowance by making their own money.
Photo courtesy:psyberartist
These are great tips for parents to help their kids become more entrepreneurial – most kids want spending money and parents should be able to point children to ways to earn their own beyond just allowances.
Great Minds, I put a similar title on my to-do list. great post!