Advertising
Advertising

5 Ways A Child Can Make Money Online

5 Ways A Child Can Make Money Online

These days, it’s nearly impossible to meet a kid or a teenager who isn’t passionate about the Internet. From the countless cat videos, to fierce fandoms, to every game genre you can imagine, the Internet is filled with amazing things. This is why kids barely leave home to go out with friends–they’re already talking to each other online, from the comfort of their own beds, with a bag of potato chips within reach.

If you’re a parent or a guardian, and have witnessed the aforementioned description of a kid in your home, welcome to the digital age. You may badger your kids to take a break from their gadgets, but before you renounce the Internet completely, hear this:

Advertising

Let the kids use their Internet time earning money.

Not only would they get to stay glued to their social networking dashboards, they will also get to be productive, and possibly save up for that pair of sneakers they’ve been eyeing.

Advertising

Looking for ideas to pitch to your kid’s small-time gig? Here are five ways kids earn money online:

1. Sell Stuff Online

They’ve outgrown the toys and the clothes they hounded you for. Now, all this stuff is piled up on the darkest shelf of their closet, or the saddest corner in the attic. Help your kids sort through all the stuff they no longer use, and put them for sell online. You can help take photos for posting on either online auction sites or social media.

Advertising

2. Play Games

Before you grab the game controllers out of your child’s hands, why not suggest that they put their gaming skills to good use by earning their own money? A lot of programmers are looking for people to test the games, and will pay for it. Aside from the professionals, kids are often the best reviewers of games since they make up a huge chunk of the creators’ target market. Over time, when your kid becomes adept at playing, they can even join competitions where they can win cash prizes and earn bragging rights.

3. Do Online Research

I’m not suggesting that you let your kids offer their research skills to their classmates in exchange for money. A better idea, for instance, is to offer research assistance to college students or academic professionals. The tasks may be as simple as looking up pertinent information or verifying data online, but can be more complicated depending on the skills of the child.

Advertising

4. Write and Blog

If your kid can seriously write stuff that is fun to read and engaging, encourage them to start a blog and make money from it. Some of the things they can write about are reviews of restaurants, video games, movies, and books. They can also create videos of themselves holding tutorials on fun ideas, such as how to pronounce Versailles properly, or what kind of makeup is appropriate for certain events. Remind your blogger kids that they can have ads put up on their sites or invite certain brands, especially the startup ones, to send goods their way in exchange for a review.

5. Design and Take Photos

Writing and researching aren’t the only disciplines that thrive in the Internet money-making scene; there’s also art and design. There are many artists who create illustrations or take photos and sell them online. If your kid is adroit at these fields, urge them to start an art blog and sell their artwork. They can also sell their work to different organizations that use photographs for advertising purposes.

As a parent, you need to remember that the presence of opportunities like these doesn’t mean you should strong-arm your kids into working. It’s important that they are willing to at least give it a shot and that they are aware that you support them. If it pushes through, guide them to the nitty-gritty of business, such as making deals, securing payment, and even delivery. Lastly, make sure that their little enterprise doesn’t get in the way of being kids. Let them have fun while earning money.

Featured photo credit: Lars Plougmann via flickr.com

More by this author

10 Ways To Create A Popular YouTube Channel Lars Plougmann, Flickr 5 Ways A Child Can Make Money Online 10 Best Mobile Hotspots You Need To Know Break Bad and Curb Your Addiction to Smartphones 20 Incredibly Delicious Low-Carb Recipes That Will Make You Healthier

Trending in Money

1 How Being Smart With Your Money Leads to Financial Success 2 17 Practical Money Skills that Will Set You Up for Early Retirement 3 25 Things to Sell to Make Extra Money Easily 4 How to Pay off Debt Fast Using the Stack Method (A Step-By-Step Guide) 5 30 Fun Things To Do With Your Friends Without Spending Much

Read Next

Advertising
Advertising

Published on September 17, 2018

How Being Smart With Your Money Leads to Financial Success

How Being Smart With Your Money Leads to Financial Success

Achieving financial success is not something that just happens. Maybe if you win the lottery or something, but for the average person like you or me, it comes from a series of small steps you take over a long period of time.

With each step, you form a new smart money habit. And with each smart money habit, you build towards financial independence.

So what sort of habits can you form to get on that path? Let’s take a look at smart money habits you can start today to get you closer to a financially independent future.

1. Avoid being “penny wise but pound foolish”

It’s tempting to try saving a couple cents here and there when buying small items. However, that’s not where the real money is saved. You’re putting in extra effort for something that doesn’t move the needle.

You get the most bang when you’re able to cut down on your bigger bills. For example, finding a lower interest rate for your mortgage could save you $50+ per month. And cutting your transportation bill by purchasing a cheaper car or taking public transportation can provide large gains as well.

So, look at your recurring expenses such as housing, transportation, and insurance, and see where there’s wiggle room. It’s a much better use of your time than trying to pinch pennies here and there on smaller purchases.

2. When you want something big, wait

Impulsivity can get you in trouble in most aspects of life. Finances are no different.

It’s human nature to see something and want it right then and there. It starts as a kid in the checkout line at the grocery store, and it continues on through adulthood.

We get an idea in our head of something we want, and it’s hard not to go out and get it right then.

A good example is wanting a new car. Perhaps you’ve had your car for several years. It’s crossed the 100k mile mark. Maybe maintenance is due, and you’re annoyed that you need to replace the timing belt or purchase new tires.

Advertising

So, you get the itch.

You start digging around online, and you realize you could trade in your current car for something newer and more exciting… all for a few hundred bucks a month. Then you get obsessed.

Here’s where you have to take a step back.

Your newfound obsession is clouding your judgement. Rather than giving into the impulse, wait it out.

Set a timeframe for yourself. Maybe you come back to the decision three months down the road. See if the obsession lasts.

It might, but often, a funny thing happens. Often, you forget about it. And often, you find that the new car wasn’t a need at all.

The impulse faded. And you just saved yourself a ton of money.

3. Live smaller than you can afford

You finally get that big raise. And you want to celebrate – and why not?

You’ve been looking forward to this forever. And after all, it was all due to your hard work.

That’s fine, splurge a little. However, make it a one-time deal and be done.

Advertising

Don’t get caught in the trap that just because you’re now making more money, you should spend more.

Too often, people get more money and feel like they that gives them the means to buy a bigger house, a bigger car… you know the drill. Resist.

The fact is that living smaller than what you can afford is one of the fastest ways to build savings.

But if you constantly upgrade as you begin to make more, then you’ll never get ahead. You’ll just build up more debt along the way and have just as little wiggle room as before.

4. Practice smart grocery shopping

Food… it’s one of the biggest portions of any budget. And if you’re not careful, it can be one of the biggest drains on your wallet.

But luckily, there are a few things you can do to ensure that you stay smart with your money when buying groceries.

Create a grocery budget

Set a strict weekly grocery budget. When you know how much you can spend on groceries, you can then plan your weekly menu around it.

Once you know what all you need, you can go shopping and keep a running tally as you shop to ensure you’re on track.

I tend to do this in my head, rounding for each item. However, writing it down as you go would probably work best for most people.

Make a list… and never deviate

Never go to the grocery store without a list. If you go to the store with a ballpark idea in mind, you don’t have a true ide of what you need.

Advertising

You’re not well-researched. You don’t know what the sales are. As a result, you’re going to make decisions on the fly.

These impulse decisions will lead to overspending, which will derail your grocery budget.

Eat before going grocery shopping

It’s also important to eat prior to going to the grocery store. Hunger is a powerful force.

If you’re shopping on an empty stomach, everything is going to look good. In particular, you may find a lot of ready-made, processed snacks will look enticing.

After all, you’re hungry now and that food is easily available. So subconsciously, you may lean towards those items.

Unfortunately, not only are those items typically less healthy, but they’re likely more expensive. You pay for convenience.

However, when you eat prior to shopping, then you’ll shop with a clear mind. Your hunger won’t cloud your judgement, influencing you to make poor decisions like a cartoon devil resting on your shoulder whispering in your ear.

This makes it much easier to stick to your grocery plan.

5. Cancel your gym membership

Now that you’re all set on your food, it’s time to get smart about managing your budget in terms of physical fitness. And let’s begin by avoiding the gym. The gym bill, that is.

The average gym membership costs around $60 per month. That’s $720 a year.

Advertising

Yet, two out of three gym memberships go unused. That means two-thirds of people who have a gym membership are literally giving away almost a thousand bucks a year. It’s crazy!

I recommend seeking an alternative. One good alternative is to look into fitness streaming services.

Streaming services allow you to stream hundreds of workouts like Insanity and p90x, right in your own home for around $10-20 a month. That’s $40-50 less a month than the average gym membership.

Of course, then there’s the free option. The internet is full of free workouts that you can do on your own with minimal or no equipment.

For example, there’s the Couch to 5K program, that I personally used a decade ago to ease myself from couch potato to running my first 5K race. If I could do it, anyone could.

Then there are free resources like reddit that have limitless information on workouts. The Fitness subreddit has done all the research for you, populating workout tips and detailed workout routines for anyone to use in their wiki.

There are several routines that require no equipment. And you can join in on the subreddit to become part of the community, making it easier for those seeking comraderie and encouragement in their fitness goals. All for free.

It’s baby steps… And baby steps can start now!

I’ve never met anyone that can’t stand to be a bit smarter with their money. And on the flip side, anyone can get smarter with their money. But remember, it doesn’t happen all at once.

Begin by fighting your impulses. Prepare for the week and be smart at the store. And cut monthly expenses like gym memberships that are overpriced and you probably aren’t getting your money’s worth out of anyway.

The devil is in the details. And the details can change your lifestyle and prep you for a financially independent future.

Featured photo credit: Unsplash via unsplash.com

Read Next