What to Do Over the Summer to Raise Money for Kids?
During the summer months, kids need activities to keep them occupied. If you can help them plan activities that make them money, they will learn about entrepreneurship as well as getting their first taste of financial freedom. Even young children can make money over the summer if you can help them find a job that matches their skills. Besides manning the traditional lemonade stand, children can make money in a variety of ways if they exercise their creativity.
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Lemonade Stands
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Adults can help kids make the lemonade and set up their stand. If the kids want to sell lemonade in a public place such as a park or a bus station, an adult should supervise them. Gaebler.com, a website about financial matters, suggests that kids charge no more than 50 cents per cup of lemonade to start with, and lower or raise the price depending on customer traffic and response.
Mothers' Helpers
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Kids who are too young to babysit may enjoy being mothers' helpers. Mothers' helpers watch younger kids while an adult is at home. They may change diapers, help feed babies and play with younger children. This job gives younger children experience with babysitting so that when they get older they can work as full-fledged babysitters; they also get to experience being paid for their skills. Most mothers' helpers charge only between 50 cents to a dollar to start, according to Kids' Money.
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Dog Walkers
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Older kids might offer to walk dogs. Dog walkers must be responsible enough to show up on time and walk dogs every day. They must also have the strength to hold onto the leash and control the dog if it tries to run into traffic or chase the neighbor's cat. Dog walkers can make $5 to $15 per walk, depending on the length of the walk, according to Gaebler.com
Yard Sales
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Kids often outgrow clothes and toys over the summer. To motivate them to clean out their closets, let them hold a yard sale and sell all the things they no longer want or need. Adults can help them organize old toys or clothes, set them up on tables and price items. They should also supervise the sale throughout the day. Kids' profits are limited only by customer traffic and how many items they have for sale. At the end of the day, have your kids help pack unsold items to give away to charity so that they learn about generosity as well as making money.
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