6 Ways your Kids can Make Money This Summer

It’s summer, and your children are no doubt looking for ways to spend their time. They may be saving up for a new video game, tech device, or vacation – so they are likely looking for ways to make a little cash too. Before you go emptying your wallet paying them to do every little thing in your home, have them consider working around the neighborhood for money.

Below are 6 ways that kids can make a little extra dough this summer!

6 Ways Kids Can Earn Money this Summer

Babysitting

This is perfect for a responsible teen that loves kids, especially those that have little siblings. Babysitters can offer their services for moms needing to run errands or who want a date night without their spouse. The job typically pays $10-$20/hour, depending on the number of kids being watched.

Washing cars

Everyone wants to drive a nice looking car, but most people don’t have the time to do anything more than run through a cash wash. Kids can set up their own washing service in their own driveway. Before allowing this, be sure to talk about investments (car soap, sponges, water usage) and how they will pay for these things. Many children will make enough to cover the expenses and still pocket some cash when washing cars.

Selling lemonade and other treats

It’s been around for decades, but this art of making a little money still works! If you live in a neighborhood with a decent amount of traffic, encourage your kids to get creative and sell something. Lemonade is the go to, but they could also sell pastries, cookies, or other goodies to go along with the drink. Investments would need to be considered for this type of money as well.

Walking Dogs

This is a daily job that could easily be done by a couple kids. Since it’s a constant need, those offering the service of dog walking could have a nice piggy bank by the end of the summer. Most dog walkers charge $2-$3 per walk, but you could always suggest your children negotiate a rate for a week or month worth of the service.

Mowing/Caring for lawns

This is yet another service that is needed regularly throughout the summer. Mowing is a hot and sweaty job – so most would gladly pay a kid to push the mower rather than having to do it themselves. Other services that could be offered include watering plants, pulling weeds, and trimming shrubs and hedges.

Hosting a yard sale

Most kids have toys, books, clothes, and other items they no longer want and need. Let them go through their things and set up a yard sale. This would likely be a one or two time deal only, but it could bring in a substantial amount of money for their summer savings.

How do your kids make money during the summer?

Avoid the Retail Therapy of Shopping

There are some people that use shopping as a therapy. They feel good by going out to buy things. They feel that the items make them feel happy. They may do this for all sorts of reasons. However, hhere are a lot of reasons why this may not be a good idea. These apply if you do not have much money, storage space or time and regret your purchases afterwards.

Cost

The cost of shopping is probably the main reason why it is not a good idea. There are very few people who can afford to do something like this these days and this is why it can be a big problem for some people. Sadly, there are a lot of people in debt and shopping can cause problems with store cards, credit cards, overdrafts and payday loans. If you can afford to shop then this is not a problem, but by using credit when you shop, you effectively massively increase the cost of the items. If you calculate how much they cost you once you pay off the loans, then you will be shocked at how much things might cost.

Storage

One problem of buying a lot of items is finding somewhere to store them. Houses can be quite small these days and if you are spending money on buying things, then you will not be able to afford to buy a bigger house to store the things that you buy. Consider whether you want a home that is stuffed to the brim with items or whether you would rather have fewer things to organise, clean and tidy away.

Time

Shopping can take a lot of time. You may be better off spending that time doing other things. If you shop because you are bored, then consider whether there are other things you could be doing. You could be working, seeing friends and family or doing volunteer work. There are many other things that you can do which could bring a lot of satisfaction and happiness.

Regret

Some people will look back on purchases with regret. Having regret in your life is not a good thing and moving forward from regret cannot be easy. Think hard before you make any purchases and then you should have no reason to regret them. Also do not be afraid to return items that you decide you do not want when you get them home. Some people even feel the need to lie to their partner about purchases that they have made and this can lead to even further regrets.

Happy Money Saving Community

If the word happy or friendly is in the title, I am on it. If that also includes a community of savings, I am on that too. Happier.co.uk is the place to go for a super friendly money saving community and I just recently heard about it.  Saving money or even making money is something that makes me extra happy, all those who are close in my life can tell when business is at a slow point because my personality and mood is slightly off. Even though money is not the route of happiness, saving money could very well be a strong part of the happy trail in life.

Whether you are looking to be savvier or looking for that special deal, there is a friendly community out there waiting for you to check them out. Saving money is a skill not everyone is born with nor is everyone taught the best way to save money. I personally have never been taught well in the financial area of life, I simply wing it and do my best to live in a way that we all have the things we need because the things we want can come later in life or never at all. Having the things you need and saving money on the things you need is vitally important to me.

Money saving guides are a great way to help assist in guiding you to financial success. This means that you will be better at saving money versus spending money. This means that you would have a chance to have that extra fund set aside for emergencies and/or the things you want in life. Saving money is important in this day and age. It seems CEO’s have huge funds saved up from all of those years prior to the economy crashing supposedly and the lay offs beginning for the middle class. They say there is no middle class anymore, you are either poor or rich; who cares what they say. I prefer to focus on what I can do with my own money I earn for my household. I prefer to research money saving guides online and being a part of a friendly money saving community so that I can learn to save money and find the best deals possible.

Saving money is important, are you good at saving money or not so good at it? What are some of your tips you have for others seeking to find a way to be better about saving funds?

My Daughter’s Adorable Idea

I was waiting for the bus with my daughter the other morning when she informs me that she had a great idea! The idea?

I want to do yard work & I told Daddy that I want to do this at Nana’s. I will do yard work, like raking lawns for neighbors and anyone who drives by for money. All of the money I get I will send to victims of hurricanes and tornadoes.

I first said to her that this is a really sweet idea and that she is super caring, but reminded her that she is only 8 years old and she did say her Dad said this wasn’t a good idea. A girl at age 8 shouldn’t be doing such work he had told her. I have no problems with her raking lawns for money to give to bad weather victims if it is for family and close friends, but when I asked her how she was to get people interested in hiring her, she says:

I don’t know. I was thinking I could put out a sign and get people to stop. I will then schedule them in so I can have a full schedule of yard raking.

I told her that she best not be giving out her cell phone number to people and that she is only 8 years old, she is not to be standing by the road with a sign talking to strangers. I also informed her that even though we live in a rural, small town type area and where her Nana lives is even smaller that it is not safe for her to do this. Strangers can be mean, there are a lot of mean, evil people in this world and I don’t wish for her to do this.

Of course I got the eye roll and back turned to me, I got her to look back at me and explained that this is a really nice idea, but we can work on it at a different angle. If she truly is interested in helping others, she could draw pictures, I will scan them into the computer and we can sell them at $1 a piece. I will create a page for her, monitor the money coming in and in turn give her a check that she can give to victims.

She liked this idea.

I loved this idea!

So … the only question now is … how do we find out who to send money to for this, I am thinking Alabama would be a great place to start offering donations to if we can get people to buy her “art work” as she is a great artists for just 8 years old.

Would you buy “art” from an 8 year old with a mission for just $1?

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