subject: Teach Your Kids Make Money Effectively [print this page] Teach Your Kids Make Money Effectively
Perhaps your children ask you to teach them how to earn income at their age. They might feel that the allowance they get is not enough for their needs. They might also want to buy something costly. Some kids want to raise fund for charity or other causes. Kids make money for a lot of reasons and you can help teaching them how to do it responsibly.
You can find many things that your kids can do to earn money. The most popular jobs for kids are opening a lemonade stand, selling cookies or brownies, tutoring, walking neighbors' dogs, washing cars or doing other household chores at your own house. You must decide which jobs are best for your kids according to their age. Some of these jobs are also regulated by the local government.
There are some things to consider to know which job is the most effective way to make money for your kids. It is best to do things your kids enjoy and can perform well. If they like to bake, they can sell cookies. If they like to study and have high grade, they will earn a lot of money as tutors.
Parents need to assess the neighborhood and decide if it is safe enough for the kids to do the job around the neighborhood. The safer alternative of working outside is doing chores in your own house. You might also observe them when they are selling lemonade and cookies.
Parents are responsible for their kids, including when they are working. You have to determine how much supervision they need based on their age and maturity level. Eight or nine years old need to be supervised all the time. Preteen kids might be working by themselves for short period of time.
Kids make money so they can spend it however they like. However, aside from learning how to make money, they need to know how to spend it effectively. You have to stress to them the importance of saving. You may also teach them to invest some of them money they earn when they are old enough.
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