18 Best Ways to Make Money as a Kid in Small Age

Financial education alone will not help your child in gaining financial independence. They must learn to practically implement this knowledge in their real life to gain a financial edge over others. This is only possible when they start learning how to earn money in childhood.

However, you need not worry about how your kids can earn money. As discussed below, there is a long list of things they can do to enhance their skills.

1. Organising People's Stuff

2. Watering Plants

3. Selling T-shirts

4. Yard Work

Another easier way to start earning money as a kid is to make some flyers at their top yard works or services and distribute them around the neighbourhood.

You can list out things like fertilising grass, picking weeds, etc. Thus, in this way, you can help your neighbours with the required yard work.

5. Washing Cars

6. Babysitting

Providing babysitting services is an unusually interesting thing to do while your child is attending college. But it is a great way to earn money as they can attain flexibility and make huge money out of it.

They can also look around for their friends and family members who find it difficult to manage their errands while watching their kids. Approach them and ask for a rate that they will pay to other babysitters.

7. Pet Walking

8. Helping Seniors in Doing Some Chores

9. Selling Used Items

There might be some unused books, toys or other stuff in your home that you might not care to preserve anymore. So, your child could sell them in a garage sale and make some money out of it. 

Additionally, one of the brilliant ways of earning money as a kid is by selling jewellery and crafts online on different online platforms like Etsy. Children who are fond of art & craft and making jewellery, for them it would be an exciting job to do.

As parents, you must push your child to understand that ‘education that matters earns money’. If they are into commerce, educating them through real-life case studies and encouraging them to sell used items can help them understand crucial concepts like profit, etc.

You must be wondering how children can earn money? However, in this era of digitalisation, children are also becoming increasingly digitally savvy. If your child is an online expert, then he could utilise his skills to earn money.

Why wait till your child starts going to college? Your kids can start earning even at a younger age, like 10 or 12 years. The following points highlight some of the gigs for kid creators to earn online. Here are some remarkable ways to earn money from childhood via online platforms:

10. Selling Photographs Online

11. Live Streaming

12. Making YouTube Videos

13. Selling Digital Goods

14. Testing Apps

15. Blogging

16. Doing Online Surveys

Some children love doing online surveys; even they can earn through this as well. Some of the popular online survey sites include MyPoints, Swagbucks, etc. By doing online surveys on these sites, your child could also make money.

Through these online ways, children can earn money and increase their savings for the future.

17. Tutoring

18. Vlogging

As mentioned earlier, YouTube is a great platform to create content. Vlogging is an amazing product of this app. Many kids become famous through vlogging. Since kids manage to get time after school, they can make vlogs while they play, wander around their kitchen, or make cute videos. 

Next up, they can post these small and funny stuff on TikTok, YouTube, Instagram, etc. Many influencers might approach your kid and pay extra. With this online hack, your child need not surf for long hours to get options for ‘how to make money as a kid’.

1. Grab a Part-time Job

In foreign countries, working part-time at ice cream shops, fast food cafes, car shops, bakeries, cake shops, etc., is very common. Teenagers must realise the importance of working at an earlier age to cover their expenses. 

These shops offer your child part-time jobs that do not hamper their college life. They can opt for flexible work timings. Earning money in this way has many perks, such as getting free food, building customer handling skills, and learning how a business works at the back end.

2. Create Content

Nowadays, content creation is the most trending work among youngsters. People create videos, short stories, click photographs, etc. and post them on various platforms to garner views. These views earn them money and build a media rapport. 

This work becomes more helpful if your child wants to become a social media influencer in the future or enrols in a career in media. They can present all their creativity while studying at college and build a positive and strong portfolio. 

3. Earn Through Graphic Designing

A college student can even earn sitting on their couch while studying for their college exams. Freelancers and graphic designers require template designing, product designing services, etc. 

While the demand for these services is high, your son or daughter can sharpen their skills in this field and provide your services on various platforms. Employers and designers will consider their portfolio, and what is next? They will start earning money effortlessly without disturbing their college studies. This is how to earn money at a young age.

4. Internships

In most colleges, students need to enrol in an internship programme in their second year of university or college. As a result, students generally rush to various companies, often missing out on valuable employers.

Instead, a teenager can start working and earning money as an intern from the very beginning of their college year. Your child might find better employers who pay more and provide them with greater experience that they would not get otherwise.

Gaining prior working experience at a company or LLP is also beneficial while studying concepts like entrepreneurship and management in college. Apart from these works, your child can earn money in many ways. These include farm work, selling DIY stuff, food service, teaching music or dance lessons, lawn care, lifeguarding, etc.

You can build financial concepts in your child from a very young age. At this time, they are extremely inquisitive and quite desirous of learning everything. Also, during this period, they learn to follow their parents and even start mirroring their behaviour.

So, at this time, you can consider introducing them to the concept of money and different abstract ways of how to earn money in childhood. Here is an excellent way through which you can start teaching them.

• You can take them to the grocery store and have a glance at the price tags.
• Introduce them to the various ways in which they can pay for groceries, be it through cash, credit cards or online platforms.

These basic lessons could help them build a financial foundation much easier and simpler way.

A significant responsibility of a parent is to make their child understand the importance of money. This will help them make wise money decisions throughout their life. Also, it will help them in dealing with financial difficulties at any phase of their life.

Some other benefits include the following:

1. Help Them in Budgeting

Whatever your income is, budgeting is essential for everyone for proper management of day-to-day expenses. If your child learns early about the importance of money, they will do proper planning of their budget.

Also, they will learn to keep a record of their spending and income for a better evaluation of their budget.

2. Make Wise Monetary Decisions

If your child learns about money and its usefulness at an early age, they will start making small money-related decisions from then only. By the time they will grow up, they will gain enough experience in money-related matters. 

Thus, they will become more capable of making wise decisions if they can learn how to earn money in small age.

3. Know the Importance of Saving Money

Saving money is quite critical, but it's important as well. So, if your child knows the value of money, they will learn to make small savings from their allowances and earnings from the very beginning.

They will also find out different tactics to save money and maintain a piggy bank. This saving habit which is inculcated in them at such an early age, will help them throughout their life.

4. Understand What's Worth Invest and What Not

Making proper decisions related to investing requires sound knowledge and understanding of the importance of money. They will gradually learn where to invest their money and where to not by realising the value of money. 

Also, proper investment decisions are required for those who want to know how to make money in childhood.

5. Gain Financial Independence

One of the most significant benefits of learning about money so early is that your child will be able to achieve financial independence. This will lead them to a better life than yours. 

Also, they will not have to strive hard to make money in the later stage of their life. In the meantime, they also don't have to sacrifice anything to fulfil their desires.

6. Avoid Irrelevant Expenses

If your child understands the value of money, they are bound to avoid any unnecessary or irrelevant expenses. Whether it's reusing old notebooks where there are still some leftover pages or reusing old books, they will think twice before spending any penny. 

In this way, they could also save a lot of money.

Every parent wants the best future for their child so that their children can reach their full potential. One of the best ways of doing so is by saving for their child's future.

If you have not still mapped out any specific savings plan for your child yet, then here are some brilliant ways in which you could invest for your child's future:

1. Open an Investment Account for Your Child

By opening an investment account for your child, you will be able to teach your child about the different investment options- probably about the stock market. At a very young age, they can have a look at the market and gain an overview of when to invest and when not to. 

They will also get to learn about various commission-free investing options.

2. Open a Roth IRA

Another popular saving strategy for kids is to open a Roth IRA. It can be opened as a custodial account as well and allows your kids to deposit their money in this account. 

So, if the account is opened as custodial, both you and your child can decide in future where to invest and how much to save. One can also use this saved amount for one's child's higher studies abroad.

3. Teach Them to Invest in a UTMA Account

You can also teach your kids to keep all their allowances and reward amounts in their UTMA account. This will prevent your child from spending on unnecessary things and also save their amount for future use.

Also, these accounts allow the kids to choose the type of mutual fund in which they want to invest.

4. Keep Money in a High-Yield Savings Account

One of the major reasons why kids should keep their money in a high-yield savings account is that these accounts definitely provide higher APYs than any normal savings account.

Thus, saving money for your kid's future has become equally important as knowing how to earn money in childhood.

Nowadays, every parent should be responsible for making their kids financially independent. Therefore, they should introduce them to different monetary concepts and help them find different ways to earn money in childhood. 

Parents should also encourage their children to build skills that can help their child in earning a good amount of money.