Running a neighborhood lemonade stand is a favorite money-earning method for young children with an enterprising spirit. Lemonade stands are easy to set up. Most are put up near the child's home. Parents can also help secure a busier location outside of a supermarket or mall. Lemonade is sold by the cup to thirsty customers, usually on hot days.Know More
Kids that love pets can offer pet-sitting services to family, friends and neighbors. This type of job requires the child to demonstrate responsibility for the general care and feeding of a pet. For safety reasons, it is a good idea to have all the sitting done at the child's home with teen or adult supervision close by to handle any emergencies. Dog walking is a related service. Children that are comfortable walking small- to medium-sized dogs on a leash could offer to walk neighborhood dogs for a fee.
Many homeowners hate doing yard work and are more than happy to hire a local child to assist in mowing the lawn, clipping bushes, raking leaves or shoveling snow. Kids can also look for opportunities to assist homeowners with small, easy tasks such as picking up trash or helping to paint a room.Learn more about Household Budgets
Starting a bank account or a change can are ways to start saving for a home. Starting a home-buying fund does not have to be complicated; small amounts can add up quickly.Full Answer >
Some strategies to help prevent spending include paying for things in cash, keeping track of spending habits, waiting 20 minutes before buying anything and filling the need to spend with other activities. Frequent overspending can lead to both financial and emotional problems.Full Answer >
The Consumer Federation of America recommends saving money by avoiding impulse buys; limiting unnecessary conveniences, such as entertainment memberships; and researching lower rates on essential purchases, including auto insurance, prescriptions, utilities and phone services. Tracking monthly spending habits helps consumers develop a cost-saving budget and identify repetitive purchases that quickly drain bank accounts.Full Answer >
According to CNN Money, as of 2013, the average amount of money parents spend raising a single child is $241,080. This average is based on 18 years of parenting and does not include the cost of college, which varies widely.Full Answer >