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Tuesday 1 November 2011

How to Make Money Fast for Kids to Complement their Allowances

By Joshua Williams


Lots of kids do not actually understand the value of money, nor do they understand what responsible saving or spending is. This is usually because they do not earn any money and usually just use their parents money. To help teach your children about the true value of money, you should provide them with ways to make money and this article has some handy tips on ways for kids to make money that you can use.

Some parents choose to pay their children an allowance if they do all of their assigned chores regularly. However, if you go down this road, be sure not to reward your children when the do not do their chores. You can also offer them additional cash for completing larger projects, like helping you paint the house or washing your car.

If you live in a community where everybody knows each other and you all feel that you can trust one another, you can have your kids do some odd jobs for these people. For instance, some kids will go around the neighborhood mowing lawns or helping people with cleaning.

It is quite common for kids to take up a paper route. A paper route is a solid job that provides your child with an income, provided they complete their route on time each week. Encourage your child to take up the route and to manage their schedule wisely.

It is possible for kids to make money by starting their own little businesses. This might be a fun exercise and could potentially earn them some real money. Let them think about what they might want to create and sell, and then go door to door with them to help them peddle their products.

There are tons of ways for kids to make money. Be sure to encourage them and provide them with tons of support as they take their first steps into the working world. Also, teach them some valuable lessons along the way about saving and spending wisely.




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