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The best way for children to learn about money is to do something.
When the kids have money in their pockets to buy things they want to do in fun activities with their friends, they end up learning more about budgeting, needs and desires, and more.
As a parent, it can be frustrating that the only source of money is an allowance or homework.
It helps children learn how to make money in ways other than ours.
Here are a few ways to help children make their own pocket money:
Bake sale or lemonade stand
It’s a common option for kids looking to make money, but a lemonade stall teaches kids basic lessons about entrepreneurship. Encourage the kids to make cookies, finger food, or drinks that can be sold on the street corner. The kids will learn how to use the work to make a product that can be sold, and they will get a little pocket money when the neighbors stop buying a treat.
Learn more about your children’s lessons with a lemonade stand.
Shared neighborhood services can include babysitting, house cleaning, lawn mowing, or car washing services. Help your child improve their services by learning good techniques to do the job right. Also help them put together flyers and price lists so that they have simple marketing materials, If you talk to people in the area.
Have a flea market
Many children have too many toys, especially since they always receive gifts on their birthday and on vacation. Plan a family flea market and let each child choose the items they want to sell. Let them keep the money earned by selling their own items. A flea market is beneficial for making money, and you can clear out the house at the same time.
Sell vacation items
Find cheap items that can be sold door to door for the holidays. Here are a few examples:
- Go to the mountains and find mistletoe branches and sell them during the Christmas season.
- Make Valentine’s Day treats like chocolate truffles and heart-shaped cookies that can be sold as Valentine’s gifts.
- Sell hard-boiled eggs and egg dye kits for families to enjoy the activity of Easter eggs without all the preparation.
- Take orders a week before Thanksgiving and offer a cake delivery service on the morning of Thanksgiving.
Collect recycled items
Find a local recycling company and ask, how much they pay per pound. Let the child collect recyclable goods such as newspapers, beverage cans or glass bottles and take them to the recycling plant.
Sell handicrafts and home decor
Teach the kids how to make handicrafts, such as homemade jewelry or decorative signs for the home, plan a family activity to make these items, and sell them at a local craft fair or website such as Etsy. com. You might consider commissioning the child to purchase the craft supplies so that they understand the value that goes into producing a product for sale.
This is a really great program for children who are inherently artistic and who teach them early on that they can make money with their talents.
This can help your child avoid the starving artist story!
Offer animal care services
Many families travel in the summer, and they need pet care while they’re away. Offer animal care services to neighbors who the child convey the responsibility it takes to feed and care for the animals. You could even pin them on the irrigation system for a bonus or a little extra money!
There are many ways for children to make extra money that doesn’t come out of their pockets.
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