While it may be tough to land a job as a kid, there are options for go-getters to make money this summer.
Here are four ways your kiddo can make โ or save – some money before the school year starts:
Start your very first โjobโ: While your kids may too young to start a real job, many are ready to lend a hand on everyday needs – babysitting, dog walking, car washing, pool cleaning, or house sitting – for others. Reach out to friends, families, or neighbors and see if your teen would be a good fit for anything they could use a hand with. Whether itโs regularly or every few weeks, it gives your child a sense of working for their money.
Make a chore chart: With the return of school, routines, and busy schedules right around the corner, the late summer months are the perfect time to begin a chore chart for the kiddos. Encourage the kids to help out around the house and establish a routine, all while getting rewarding them for helping out with an allowance or some spending money. Even better โ deposit a portion into their savings account and teach your kids about good savings habits!
Make money from your hobby: Is your child crafty or do they have a passion to create? Give them a hand at selling their products online (with your supervision, of course). This could be anything handmade like repurposing furniture or digital art like stickers and prints. Help them make some money and learn about what it takes to run a small business all in one, all while nurturing their interests and passion!
Avoid in-app purchases: Do they really need a new outfit for their video game avatar? Or do they really need to unlock new features in their mobile game? In most cases, these upgrades arenโt cheap, given the circumstance that they are digital or fictitious. Tell your child they have to use their chore money or allowance to make these in-app purchases to teach them about smart purchase decisions and frivolous spending.
No matter if youโre working just to make a special purchase or to put some money in your account, understanding the value of earning, spending, and savings at a young age is priceless. For information and resources on savings accounts, visit penncommunitybank.com.
