There are times when parents want to teach their kids the importance of money. The best way to perform this task is to encourage your kids to earn their money. We all know as parents that children consistently want new items such as clothes, electronics, and other things. There are simple ways to make money for kids no matter their age that can teach them not only the importance of money but also how to earn it.
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Allow your kids to help around the house
There are always tasks that can be performed around the house where kids can earn some money. You can start out with simple tasks such as taking the trash out, washing dishes, and raking the yard during the summer months. During the winter months, pay your child to shovel the driveway and walkway. Stress to your kids that if they do not complete these tasks, they will not be paid. Receiving money is a great incentive for any child to complete their tasks.
Build a lemonade stand for your child to sell lemonade and homemade goods. If you do not have the time or skill to build a stand, you can use a fold-up table. Set the table up outside your home in the yard with a sign that reads "LEMONADE AND FRESH GOODIES". Instruct your child to sit there and accept the money from people who wander into the yard to make purchases. Have a box where the money can be placed and voila, you have just introduced the joy of running a business for your kid.