Summer break is a good opportunity to teach your kids about money and cash flow. One good way to do this is to encourage them to make money on their own. There are a lot of money-making opportunities depending on which age group your child belongs to. This is definitely a great way for your kids to have fun, earn money and continue learning while school is out.
Chores
You can start offering your kids allowance in exchange for doing chores like clean the house, wash the dishes, weed gardens, mow the lawn and more. There are plenty of tasks to choose from.
Pet-sitting
If your kid has a soft spot for our furry friends, offering a pet sitting service is a money-making opportunity that they will surely enjoy. If you have neighbors who will go on extended trips, they will surely appreciate you taking care of their beloved pets.
Carwash
Together with other kids, or probably the whole family, your kids can host a group car wash in the neighborhood. Make sure that you or other adults will supervise.
Family Business
If you own a family business and if your child is old enough to help out, you can offer them to do simple tasks at a given rate. Maybe they can help clean the shop, file papers or pass out flyers. This is a perfect opportunity to introduce them to the family business that they might eventually run when they grow older.
Reselling
Summer is the time to clean and declutter. Assist your kids to sort out items that they don’t use or need anymore. Probably some old clothes that don’t fit them anymore, textbooks from the previous school year or toys and video games that they don’t play with anymore. You can supervise them in selling these items online or at a garage sale.
Selling Bottled Water
Ok, lemonade stands are popular during the summer time but if you live in an area that gets really hot during the summer, your kids can sell bottled water in the neighborhood is a great idea. Buy cases of bottled water and help your kids sell these in the neighborhood or sporting events. Just make sure that you are within right to do this and under your supervision to keep them safe.
