best ideas for kids making money
Although craiglsist.org is meant to be for those who are 18 and older, there is nothing stopping children from using craigslist.org.
My advice to parents is to supervise to be sure that certain areas of craigslist.org is not visited by minors. That said there are opportunities for everyone to make money. Here are some ideas for kids making money on craigslist.org.
If your child is over the age of 13, have them take a Red Cross babysitting course. This will certify them as a babysitter and they will have the knowledge at hand to handle emergencies should one occur.
There are many avenues to advertise on craigslist.org and putting out an ad for babysitting is one way that older kids can make money.
Be careful and make sure you know the person that your child is going to sit for. Ask to meet them first, at their home. You want to be sure that the opportunity is legit and you also want to be sure that your child is safe.
If in doubt, ask them to have your child babysit in your home. There is no reason to compromise anyone’s safety just for a few bucks.
Your older child or teen can do very well for themselves in the small appliance or small engine repair fields. This is a great way for them to bring in some extra money, learn about small engines and appliances and teach them the value of self employment.
Small electronics like PDA’s. cell phones, smart phones like the Blackberry and Treo’s, iPods and other devices like it can be picked up for free or almost at no cost if they are not working.
Have your child get a few, and see if the can find a repair manual online. By taking the parts from on and putting them into another your child will learn how these devices work.
Once they are able to consistently fix these, they will have a great business going. Most of the problems with these devices are that the battery needs replacing or the screen has broken.
A simple fix with a free part and they can make a lot of cash very quickly.
Computer repair is a great hobby for teens to get into. Again non working units are easily obtained for almost no cost at all. Building running units from non working ones is always fun and it can be very profitable.
Other ideas for kids making money on craigslist.org include looking at the job postings. This is especially true in the summer when teens can work at camps and local pools and beaches.
Summer employment is a good teacher for them. They get to understand what it takes to hold a job and they will learn money as well.
Craigslist.org is not suited toward young children. If your children are under the age of 13 then let them help you with whatever business you may be involved in, but do not expect them to be able to run one by themselves.
There is too much risk involved from a personal safety perspective to allow youngsters access to craigslist.org. Keep the little ones safe and let them help you until they are old enough to understand a little more about how a business should run.
There are so many ways to make money on craigslist.org. As an adult you can help your older child start to build a part-time business that will help pay for their college education and put spending money in their pockets.
A part-time business will teach them responsibility and give them a sense of accomplishment. There is no better teacher than life experience and with your guidance their first venture into self employment can be a great experience for them.
These are just a few ideas for kids making money on craigslist.org. Take a look at them and see if any will be suitable for you child.
Help Your Kids Learn More About Managing Their Personal Economy
Remember when cash was a tangible commodity in all of our personal economies? As kids, we went to the bank, shopped with our parents and frequently watched them pay with cash.
Now with cash on the endangered species list, today’s kids see their personal economic situation much differently.
As we enjoy the convenience of charge cards, stored value cards, debit cards and ATM cards, the challenge of teaching kids about an invisible commodity like money is magnified.
If you’re searching for ways to teach your kids more about what makes up their personal economy, including the importance of saving and how to set and reach their financial goals, here are some practical tips.
Give kids an allowance – If you give your child an allowance, try tying their allowance to responsibilities like feeding pets, taking out trash or cleaning their rooms.
Of course, the level of responsibility and the amount of the allowance should be tied to the children’s ages and abilities, and your own financial means.
Help kids build up their personal economy by establishing savings goals – Work with your kids to create a list of why they should save and things they want to save for – big and small – then help them prioritize it.
Ask them to put three stars next to the things they want most, two stars next to the things they would like and one star next to those that are least important.
Have them categorize the items as most expensive to least expensive. You can help them use these ratings to choose what they want to save for by focusing on the three-star items they want most and determining how much they think they can save.
Help kids find a place to keep their savings – It’s a good idea to keep savings and spending money separate — perhaps in labeled containers. By attaching a picture of that “something special” to their savings container, kids can keep their goal visible.
They could use different colored wallets for savings and for spending money or ask if they would like to open a savings account at your bank while keeping spending money at home.
Help kids track their progress. Let’s face it, kids find saving boring (honestly, so do a lot of adults).
You can help build and maintain the excitement of reaching a personal economic goal by making a savings thermometer and coloring in the sections as money is saved. Post your child’s progress charts in visible places and celebrate their progress.
It’s important to make saving money fun and rewarding with many celebrations along the way.
Encourage kids to avoid spur-of-the-moment spending.
While most kids have good intentions for their savings goals, their plans are often derailed by impulse purchases — like that hot new toy. Here is some advice you can give your kids to keep them from getting off-course:
Leave money behind – Bring only a small amount of money on shopping trips to help avoid impulse purchases.
Don’t forget about your savings goal – Carry a picture of what you are saving for and compare it to anything you are tempted to buy.
Be a bargain hunter – Wait for the item you want to go on sale and watch for coupons.
Don’t rush into purchases – Avoid buying anything you see for at least two weeks. Add it to your “wants” list and then prioritize it against the other things you want.
Ask for help in securing money – Parents can help keep your savings in a safe place if you think you will be tempted to spend it.
Once your kids establish a saving pattern you’ll find they take great pride in striving for and reaching their financial goals.
You might even consider matching their savings after they prove they are serious about putting away an agreed upon amount.
As with anything else in life, your children will find determination and patience are rewarded, and the payoff for reaching their personal economic goals is worth the challenge of getting there.
7 Things To Teach Your Kids About Money
Did you know that many people retire broke?
It’s true. After a lifetime of hard work and having earned literally hundreds of thousands of dollars, they end up with nothing.
So where did all their hard-earned cash go? The answer is, it passed right through their fingers.
While schools are great at teaching algebra, calculus, and geometry… how many of us learned about the basics of personal finance and creating financial security for ourselves?
The truth is, the earlier you learn to handle money, the more likely you are to manage it properly and live a prosperous life.
So why not provide a little home schooling for your family and teach them the basics? Here are 7 important lessons to instill in your kids about money:
1. Save something of what you earn
Acquiring the savings habit is one of the smartest things you can ever do.
If you’re reading this now as a middle-aged parent, imagine how much you’d have in the bank today if you’d saved 10% of everything you’d ever earned.
(It’s almost scary to think about, isn’t it?)
Teach your kids to save a little of everything they earn.
2. Don’t borrow what you can’t pay back
Debt is one of the greatest social diseases of our time. The price to pay for the “have now, pay later” philosophy is that you certainly will pay later.
Debt imprisons you in a job you don’t like, creates stress and anxiety in your life, and erodes your wealth creation program.
You will never become rich while you’re in debt. Period.
Teach your kids the value of delayed gratification. “If in doubt, go without”.
3. To give is to get
Managing money doesn’t mean hoarding it and locking it away in its own purpose-built high security jail. It simply means being careful, spending wisely, and acquiring a regular savings habit.
Teach your kids that donating money to worthwhile causes is a noble thing to do, and that the money returns to you in more ways than you can imagine.
4. Money isn’t evil
“Money is the root of all evil” and “filthy lucre” are phrases you’ll hear banded around.
Money actually brings enormous good into the world. For example:
– Creating wealth helps create jobs for others
– Investing in business helps to bring solutions into people’s lives by way of innovative products and services
– Acquiring a great fortune allows you to donate more money to charity – or even start your own trust fund
Teach your kids that money is neither good nor bad – it’s what you do with it that makes the difference.
5. If you don’t spend much, you can’t lose much!
One of the oldest wealth-creation maxims is, “It takes money to make money“.
Unfortunately, it also takes money to lose money.
Teach your kids the value of caution when entering into financial affairs. And let them know that many self-made millionaires started with literally nothing.
6. Get the best price for everything you can
Your financial health is really the difference between how much you earn and how much you spend. It therefore makes sense not to pay any more money for something than you have to.
Teach your kids that bargain-hunting doesn’t make you a “miser” – just a sensible individual.
7. The fast buck is your last buck
Sooner or later everyone gets offered a “surefire” method of making a fortune, whether it’s the three-card trick, a once-in-a-lifetime investment plan, or some time-limited business opportunity only available to a select few…
Don’t fall for too-good-to-be-true scams.
Teach your kids that wealth creation is a simple and timeless process based on common sense.
If you had learned the above principles when you were 10 years old, and had applied them every day of your life, would you be financially healthier today?
Teach your kids the timeless truths of acquiring and keeping wealth.
Knowledge truly is the most precious gift you can give.
Teaching Your Children Money Management
Money & Kids
Children have vast amounts of purchasing power (billions) either directly or indirectly.
Yet, even with all this influence and direct purchasing power, children are rarely taught about money… and more importantly the managing of money.
I for one used to be as guilty as the next parent when it came to making it a point to teach my kids about money and money management skills.
Of course, the generation gap combined with the technology age in which kids now live in had a big part in my lack of focus on this subject. But no more.
If for no other reason, you should think for a moment how money is so rapidly transferred today; with just the swipe of a card. And in fact, many people (parents) today hardly ever come in contact with actual paper money anymore.
It’s so easy to load up your shopping basket with just the swipe of card… and there in lies the trouble for kids and managing their money today.
It’s just too easy and there’s no immediate pain of actually taking those hard earned dollars out of your little purse or wallet and parting company with your money at the time of the purchase.
First of all, don’t put off teaching your kids about money, the value of it, and how to manage it. It’s never too early… especially today.
When you first begin to acquaint your children with money, be prepared for mistakes and some growing pains understanding conceptually.
It is far better to allow your children to learn from mistakes involving small amounts rather than later in life when the same mistakes can prove financially disastrous.
In fact, many financial experts agree that a big mistake is for parents not to allow their children to have control over their money early on.
As with teaching children about any subject matter there general guidelines about the level of complexity that is introduced at any particular age; teaching your kids about money management is certainly no exception.
So, let’s take a look at some general teaching guidelines pertaining to money management and at what age level.
Even early on with toddlers and preschoolers you can give your child an allowance. Now keep in mind that they will probably play with it, misplace it, and maybe even lose it, but that’s perfectly fine.
At this age, it is merely introducing the concept that their little bit of money has value and should be kept safe so it will be around when they want to use it.
With the ease and power given to today’s consumer, it is difficult to get adults to understand and have the discipline to save for something they want or need to purchase.
But even at an age as early as about first grade you should begin to take on this challenge with your child. So much of today is instant gratification. And no philosophy will be tougher for you to overcome with your children and money management as this.
Delayed gratification or saving for something they want is a very difficult concept to teach kids and for kids to master, but it is one of the most important when it comes to managing their money.
Be sure to continue on with working with your children and the delayed gratification concept. In other words, teach them the principle of working and saving for something that they want to get.
You’ll find (and they will too) that as they learn this lesson, whatever it is they worked, waited, and saved for will have much greater value to them personally.
The next level you’ll want to discuss with and teach you kids are the difference between needs and wants. This is ever so important today in this media, marketing, and consumption society in which we live and our kids are hammered with daily.
You won’t have to look far for examples of needs versus wants… just turn on the television and wait for and advertisement.
Talk with your kids and discuss what it is the advertisement is going after them for and why. This is a very big money management accomplishment for kids when they begin to honestly differentiate between needs and wants.
It’s also at this point (early to mid grade school) that your kids begin establish some sort of savings plan for something they would like to have (notice I didn’t use ‘want’).
The whole process of budgeting and saving for something at this age will give your kids a great sense of accomplishment, pride, and a first start toward financial confidence.
Also, at this age with your kids introduced to saving and budgeting, it is a good time to introduce them to paying for some of the extras that they would like to have for school, sports, band, etc… and for beginning charitable contribution.
From here continue increasing your kids understanding of budgeting and managing their money by weaning them off of you providing the lion’s share of their ‘wants’ to them working, budgeting, and saving.
Simply increase their financial responsibility to themselves, keep increasing their social responsibility too by giving to charities of yours and their choice.
As your kids progress to their teen years and become more mature, the time will come that you may want to consider getting your child some form of credit card.
By this time in their life they’ll be considering college or some career path that will quite possibly require some sort of financial loan; and at the very least they will be needing even more financial freedom.
A prepaid, parent monitored credit card is an initial good solution. By now and through these many years of your tutelage, your child has become financially literate and it’s all because you started early on teaching your child solid money management skills and philosophies.
Kids today are bombarded with advertising, and keep up peer pressure; and this is why money management and financial skills are must subject matter for parents to continually cover with their kids throughout their childhood and teen years.
If your kids become financially responsible at an early age, chances are much greater they will continue throughout their lifetime.
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