Generally the term "Kids" is used for the young people ranging from 6 to 17 years, younger than this is a "child" and older than the above mentioned "kids" age group are all adults. Lets focus on the "kids", many independent and non governmental organizations (NGOs) research revealed that most of young people, about 95%, are very keen to learn, as to how to make money for kids and issues surrounding money matters and improving their current as well as future financial status.
Interestingly, majority of the kids are mainly concerned in more technical aspects regarding money issues, such as, debt management, mortgage / credit & advance and planning budgeting for current savings to have an efficient control over future expenditures.
Ways for Kids to Make Money
It's an good idea for you to get into the habit of taking control of money into your own hands, this is specially important for the budget planning, and an essential step toward ways for kids to make money. The end goal should be save as much money as you can. The simple thumb rule for this is to make sure you set the targets high and important to understand that "what comes IN should be greater than what goes OUT". In other words money you manage to put in to your pocket should be more than you spend.
For kids it's imperative to distinguish between, what's originally known as - two marketing term - "need" and "want". A need ca be a basic requirement like, food you eat or the cloths you wear. A need can also be directly proportional to what you do, for example, computer is need for a student, car is also a need. on the other hand, "want" is something you would like to have, a wish if you like, that is, you need a car, but at the same time 'Audi A3 Sportback' can be your want!
Here are few easy ways for kids to make money:
- Many Kids making money though the good old baby sitting & is one of the ways that can be very productive in terms of earning some dollars fast. We would specially recommend it if you like younger kids. Developing trust and making your "vip customers" dependent on you is a good idea to have a good long lasting relationships with kids' parents which will consequently end up in relatively fat - baby sitting tips.
- Help your parents at home and volunteer with a happy face to do chores. It will earn you financial rewards without even asking for it.
- Make you little 'business stand' where you can offer lemonade if there is a season for it or sell donuts, snacks and coffee etc. One kid make money only from this and contributed half the payment of mortgage with his dad, although it was for only one quarterly settlement, he makes his parents very proud.
- Get together with few friends and offer car washing services in your neighbour hood, is another viable earning idea.
- Love pets and animals? offer dog wash, walking dogs and other animal care taking services you can provide to the people at around your neighbourhood.
- Offer lawn mowing and services like, watering plants, cutting extra grass, weeding & tiding-up, trimming, planting flowers, etc
- gather few friends and at the time of winter offer folks to have their sidewalks and driveways shoveled cleaned from snow.
- Ask somebody who likes to cook, preferably you mom to make chocolate chip cookies, hot chocolate cakes, donuts etc,and offer them for sale at nearby bakery / store.
Finally, if you're stuck & find it difficult to discover, as to how to make money for kids and new ways for kids to make money, than brainstorming can be great help. Consider these things, ask yourself question like, what can I do at home? and write down all the answers on a piece of paper, don't worry about writing sensible sentences at this stage, just put down what ever comes into your mind. May be you're good at arts & crafts, try making your jewelry to sell or raking shelves etc.
Have a joyful money making expedition!
