How to make lots of money as a kid

How to make good money as a kid - Allowance for doing household chores is a good start to teaching children about money, and setting up a bank account so they can save 20% to 40% of their income will help teach them financial skills, said daniel penrod, a senior industry analyst at the california credit union league, which represents more than 400 credit unions with 10 million members. "because children don't have daily expenses, such as rent and groceries, earning money can easily seem like discretionary income to be spent on candy and other things instead of saved for a rainy day or a long-term goal such as college, he said. Doing this requires a parent who has a vending service job, but it points out the chance to learn to be your own boss at a young age and to learn from a parent how to make money. From starting a business with friends to sell homemade items, to tutoring or selling puppies, there are many more ways for kids to make money than the traditional methods of mowing the lawn and doing chores.

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