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 Link study and have high grade, they will earn a lot of money as tutors.
You have to check around your neighborhood to see if it is safe for your children to work around the area. If you think the area is not safe enough, you can supervise them closely if they are selling something. The alternative is ask them to do household chores at home for some money.
You have to be responsible for them even when they are working. The level of supervision depends on how old your kids are and their level of maturity. If your kids are around eight and nine, you should not leave them unsupervised. When they are preteen, you may leave them working unsupervised for short period of time.
Kids make money because they want to buy things. However, they not only need to know how to earn money effectively, but how to use it effectively as well. You should teach them to use their money responsibly. Teach them to not to spend all the money they have earned and open a saving account instead. Depend on how old they are, you may also teach them to invest their money.
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