Kids love having money to buy the things that they want. More importantly, it is great for them to learn how to earn their own money. It builds confidence and teaches them skills that will benefit them for life. It is up to parents to instill that good old-fashioned value of self-reliance and motivate their kids to be money smart. Finding ways for kids to make money when they are too young to have a regular job can seem like a challenge. Young entrepreneurs all over are putting their creative minds to work and the range of ideas is incredible. Here are 5 smart money making ideas for kids.
Have a carwash. Kids have been making money with this idea for years. Adults love to drive a clean car but do not necessarily enjoy the cleaning part. You can make a sign and wash cars in your driveway. All you will need is a water supply, hose, bucket, car soap, cloths, and window cleaner. Start a schedule like every Saturday morning or Sunday evening. Have fun! Remember to ask your parents before holding your carwash or attempting any other money making ideas.
Cat
Sell cat toys. Cats love fun toys to play with and you can come up with your own cat toy inventions. What do you have around the house that you could use for a cat toy? Put your imagination to work. Place your inventions in a basket, decide on how much you want them to sell for, and head out door to door to sell them.
Fudge making. For the aspiring chef- if you like to make things in the kitchen you can get an easy fudge recipe and make some. Wrap your creations in plastic wrap or baggies and put them in a basket. You can go door to door to sell them. Before you know it you will have money in your pocket. For ages 8 and older, record how much it costs for the ingredients and take away from the profit you made.
Dog washing. If you like animals you can offer a pet washing service. You may wish to invest in dog shampoo, a brush, and a bucket. You will need to decide which types of dogs are best suited to your size. You do not want customers have you wash a St. Bernard that is 4 times your size! Remember to always do a good job and never hit anyone's dog.
Make and sell gift boxes. Packaging and gift boxes are a great way to use your creative talents. You will need to sit down with a pen, paper, and ruler to design your gift boxes. Think about what type of gifts they could be used to house. Once you have the template created, you can make lots of the same and decorate them out of different materials such as cardstock, paper, and fabric. Ask some people how much they would pay for your design and set your price.
5 Ways to Teach Your Kids How to Make Their Own Money
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