Author Topic: kids earning money  (Read 360 times)

Drole

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kids earning money
« on: February 24, 2017, 05:29:38 AM »
My oldest child is 7 years old and has a desire to "earn money."

I really want my kids to understand earning money, saving and running their own businesses as they grow up.

So i'm curious what other young kids out there do (on their own or with an adult helping). Dog walking? Raking leaves and shoveling snow? Lemonade stand?


GizmoTX

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Re: kids earning money
« Reply #1 on: February 24, 2017, 07:23:32 AM »
Seven is a bit young for the businesses that you mention; they require too much monitoring on your part. We expected DS to do regular chores, such as making his bed, picking up his toys, clearing the table, plus personal hygiene. To help the monitoring & remembering, he had a sticker checklist. He could earn money by doing jobs beyond this like emptying all the trash & recycling cans in the house, sweeping the garage, or raking leaves.

Twelve is the age where more businesslike jobs could be considered. Babysitting, if trained. The Boy Scouts have an Entrepreneurship merit badge that requires starting & running a business for 6 months. DS decided to plant, harvest, & sell home grown tomatoes -- he netted $400 profit.  Another scout did walk dogs.

skp

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Re: kids earning money
« Reply #2 on: February 24, 2017, 07:32:32 AM »
We have a cat that we prefer not to board.  When we go on vacation, we usually set out a self feeder and waterer and try to find someone to do a "welfare" check on the cat.  There are no little kids in the neighborhood anymore to do it and I feel bad asking adults.  I would love to pay a 7 year old in the neighborhood check on my cat.

StarBright

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Re: kids earning money
« Reply #3 on: February 24, 2017, 07:40:51 AM »
My five year old is always asking for stuff and has recently had a hard time following directions at school so we're trying to knock two birds with one stone by doing the following:

If he is at the top of his "color chart" at school three days of the week (and never gets on the two worst colors) he will earn 1 dollar that week. It takes him 10 weeks of average to excellent behavior to earn enough for a small Lego set. He's earned a few bucks so far and we're getting fewer complaints about his attitude at school. He's a bit of a know-it-all and is always correcting the teachers or coming up with "better" activities and then he gets all of his friends off track and in trouble too so he gets to make the choice to either earn a privilege (dollar) or do what he wants to do.

When I was 7-10 my mom had lists of specific tasks that would earn me a little extra cash, ie. "odd chores." We were expected to clean our rooms always but she might pay us a few bucks to wash the baseboards, weed the chainlink fence line, scrub the dog toys etc.

I also have a friend who is letting her 2nd grader raise a few chickens for eggs and then they sell the eggs (it takes a lot of help from the mom but the daughter is very into it).