Youth in Business Magazine UK Edition

Page 20

10 WAYS YOUR CHILD CAN MAKE MONEY THIS WEEKEND Many parents give their children an allowance for helping around the house with chores. While this is a good start to teaching your kids about money management, it’s not the only way for them to make a little pocket change. Limiting a child’s experience with money to an at-home allowance can stifle creativity and the entrepreneurial spirit; allowing them to have a stream of “income” outside of the home helps kids learn how to make money in other ways than from their parents. We’ve come up with a list of ten ways your child can make money this weekend and how you can help them develop useful skills, a creative spirit, and fun memories.

1. Change to Making Jewellery Design and sell your own earrings, bracelets, necklaces & other fun accessories. Experiment with various mediums including beads, leather, feathers and glass.

2. Host a Garage Sale Collect items people are giving away for free on Gumtree or Craigslist and on-sell it by holding a garage sale from home. You know what they say, someone’s trash is someone else’s treasure. There are also plenty of bargains going online that you can make a few extra dollars on. 20

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