Kids cost money. That’s just a fact! However, that doesn’t mean you have to give your kids a little cash every time they ask.
Instead, you should instill the value of hard work and show your children they have control over the money they have in their pockets by making them earn it.
No matter how old your child, there are some great ways for your kids to earn a little extra money around the house. Here are a few, some of which you may not have thought of.
Get Good Grades
At work, your pay is determined by your performance. If you do well, you can expect a raise the next time your review comes around. If you don’t do well, you may be asked to head for the door.
Kids show their performance by the grades they receive in school, so why not monetize those grades? You can pay a certain amount for A’s, a certain amount for B’s, and so on. You can even provide your children with a bonus for improving their grades!
The best thing about this method is that it’s perfect for all ages. You can even pay a child who is away at college by using a money transfer service, like Remitly!
Become the Resident Tech Expert
Who do you turn to every time you can’t figure out an app on your phone, or your computer is going haywire? As digital natives, your children grew up around technology, which means they often have answers when you don’t! Monetize those answers by paying them to become the household tech experts.
Every time they fix a device, recommend an app that you actually download, or help you learn how to use a program, provide them with payment for their services.
Take Care of the Pets and the Plants
Taking care of the pets is one thing children of all ages can do. Very young children can be asked to play with the dog every day, while older children can be responsible for scooping the cat box and feeding the gerbil. The great thing about these chores is that they are chores children actually want to do because they love their pets.
Don’t forget about the plants! Children can easily be paid to water both indoor and outdoor plants.
Traditional chores are always a great way for kids to earn money. Especially since it allows them to make money whenever they need it! A few ideas include:
- Mowing the lawn
- Picking up toys in the living room
- Doing the dishes
- Bringing in the mail
- Taking out the trash
- Setting the table for dinner
- Washing and folding the laundry
When you ask your child to complete chores in order to earn money, not only will you be teaching them important life lessons, you’ll also get plenty of help around the house. With these tips, you can help your children earn their own money today!