5 Money Making Ideas for Kids

It is never too early to develop the entrepreneurial spirit in your kids and to teach them about good money management and saving habits. One of the best ways to develop a spirit of entrepreneurship and an interest in and aptitude for money management is to encourage your kids to get involved in money making ideas. Whether they come up with the ideas themselves or you gently suggest an idea you think would be a good fit for them, money making ideas that pay off can be tremendously empowering to kids and raise their confidence socially, at school and in the workplace in the future. Learn about five great money making ideas for kids and put the money making bug into your kids this year.

Part-Time Home Handy Person

Every kid likes to learn, and learning together with Mom and Dad can be even more fun. If your kid shows an aptitude for or interest in things like organization, home maintenance, gardening and lawn care, or kitchen tasks, why not put them to work for you? You can have fun setting up a part-time job contract, teaching them about hourly wages, and setting up a basic savings account together. You can also have "performance reviews" and use this to teach them about planning, time management, goal setting and more.

IT Guru

Most kids today understand technology better than their parents and their friends' parents combined. A great money making idea for kids today is to work as a computer or IT helper, "consulting" for friends' parents to troubleshoot computer, iPad, or smart phone issues, setting up video game consoles and DVD players, and other technology issues.

Home Watcher

If you have friends in the neighborhood that like to take vacations or frequently travel on business, why not help your child set up a daytime "home watcher" part-time job where they can be in charge of collecting mail, feeding pets, watering plants and lawns, cutting lawns, and doing other routine maintenance tasks that need doing when the home owners are away. You could help your child design brochures or business cards and market services to the local neighborhood.

Lawn Service

Even in today's high-tech modern society, the old-fashioned summer lawn care business is still one of the favorite money making ideas for kids today. A spring or summer lawn will always need care, including mowing, edging, weed pulling in the flowerbeds, planting and fertilizing. Your kid can make up simple flyers and distribute them through the neighborhood to get new business.

Scouting

If your kid is involved in the Girl Scouts or Boy Scouts, they can get involved in part-time money making enterprises like selling Girl Scout cookies to raise money. While they will not earn the money to keep for themselves, these types of civic organizations can teach valuable community care and social responsibility, organization and time management skills, marketing and sales skills, and above all, confidence to be able to do a good job at a task they care about.