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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:

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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.

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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.

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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.

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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

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Published on July 4, 2018

Top 10 Recommendations on Money Management Apps

Top 10 Recommendations on Money Management Apps

Don’t want to overspend your budget, swipe your credit card too many times, and feel like a financial mess? Instead of beating yourself up for the bad financial decisions you’ve ever made, create a new plan!

The solution is simple, save more and spend less. But, we all know it’s easier said than done.

One problem is finding quality apps that save you time and money, and aren’t just hype.

Luckily, there’re many great money management apps available at your fingertips. Here are 10 reliable money management apps that can help you save money, and crush debt.

1. Personal Capital

    When was the last time you’ve tracked your net worth? Probably months ago or maybe never. Personal Capital allows you to easily track your net worth and plan for retirement.

    Here are some of its main features:

    • Sync many investment accounts, and expenses (mortgage, credit cards, etc.) in one place
    • Discover hidden fees and how much they’re affecting your retirement plan
    • Wealth management for investors requiring a long-term strategy

    With Personal you’re free to track your expenses and net worth.

    Available for: iOS and Android

    2. Mint

      If your smartphone could only install a few apps, Mint would be one of them. Why? Because Mint tracks all your balances and bills in one place.

      Here are some of its main features:

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      • Effortlessly track all your bills and balances in one dashboard
      • Categorized expenses to understand where you spend your money
      • Uncover hidden fees, and determine your investment style with sophisticated retirement tools.

      Feel at ease with managing your money by a reputable company that isn’t going anywhere.

      Available for: iOS and Android

      3. YNAB

        Everyone needs a budget, there’s no way around it. YNAB (You Need A Budget) is an easy to use app that will change the way you think about money. Their motto is to “give every dollar a job”, and you’ll quickly discover why.

        Here are some of its main features:

        • Easily sync all bank accounts in one place
        • Visually see your debt paying progress with eye-catching charts and notifications
        • Customized categories setting saving goals

        The best part about YNAB is the community that comes along with it. You can hop on the YNAB forum to receive support, listen to the YNAB Podcast or stay tuned for their weekly videos.

        Available for: iOS and Android

        4. Wealthfront

          Albert Einstein once said “compound interest is the eight wonder in the world”, and for a very good reason. The problem is, most people are scared or unwilling to learn the basics of investing. This is why Wealthfront is the perfect solution for the hands-off investors.

          Here are some of its main features:

          • Variety of investment account options including IRA, Roth IRA, and more
          • Your portfolio composed of 7 different asset classes
          • Automatically rebalanced portfolio
          • Daily tax loss harvesting

          Wealthfront is perfect for people requiring investment guidance, or prefer a hands-off solution.

          Available for: iOS and Android

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          5. Clarity Money

            If you’re staying on top of your budget but want to take your finances to the next level, Clarity Money can help you. Clarity Money helps you stay under budget and build a personalized savings plan.

            Here are some of its main features:

            • Easily cancel subscriptions with one click
            • Synchronize bank accounts fast
            • Transfer money effortlessly between different accounts

            Clarity Money isn’t an app that does it all. But, it does make transferring money and canceling subscriptions fast and efficient.

            Available for: iOS and Android

            6. Acorns

              What if there was a way to quickly gain confidence in investing your money, without too much risk? There is, and Acorns is your solution. With Acorns’s technology, you’re able to make investments as small as $5.

              Here are some of its main features:

              • Automatic contribution option
              • Customized portfolio tailored to your needs
              • Low management fees ranging from $1-$2 per month

              Stop wasting dollars on expensive coffee. Instead, invest them towards a brighter financial future.

              Available for: iOS and Android

              7. Albert

                Do you budget by only subtracting your expenses from your income? If so, how would you discover any overpayments or extra money you could save? This is where Albert shines, and it does it all free.

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                Here are some of its main features:

                • Receive notifications for overpayments, hidden fees, and low balances
                • An Automatic budget that’s built around your spending and income
                • Easily track debt and set new financial goals

                While Albert does offer a paid option, most of its core features are FREE. So, what better option to save?

                Available for: iOS

                8. Prism

                  Have you recently forgot to pay a bill because life got in the way? Prism automatically tracks your bills and syncs your bank accounts in one place.

                  Here are some of its main features:

                  • View all your account balances in one glance
                  • Bill due dates are automatically pulled and tracked
                  • Receive early reminders for upcoming bills

                  If your budget is on “fleek” but can’t seem to stay on top of your bills, Prism is your go-to app.

                  Available for: iOS, Android, Windows, Amazon

                  9. Mvelopes

                    Remember hearing about people using envelopes to budget their money? Well, Mvelopes is the new envelope system for this generation. Easily create monthly budgets and track your saving goals.

                    Here are some of its main features:

                    • Connect unlimited bank accounts
                    • Real-time budgeting with auto transaction syncing
                    • Low monthly $4 fee or $40 annual

                    Mvelopes can help you crush debt, save more, and help you stop overspending. With its low monthly fee, it’s worth a try.

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                    Available for: iOS and Android

                    10. Wallaby

                      Most people don’t have time to track their credit card’s changing rewards and interest rates. Because of this, you need help reaping the most of your credit card’s rewards. Wallaby is the app that will help you do just that.

                      Here are some of its main features:

                      • Automatic recommendations for the best credit card to use for each transaction
                      • A friendly user interface, displaying credit cards with their corresponding images
                      • Free to use

                      If you’re using the same credit card to make your purchases, you may be leaving money on the table. Give Wallaby a try if you’re ready to maximize your credit card’s rewards.

                      Available for: iOS and Android

                      Take control of your finances and experience financial freedom

                      Picture yourself staying on budget and saving more money than you’d ever imagined.

                      It took hard work and dedication but you’d finally learned how to manage your money. You have to start taking control of your spending and saving habits.

                      You now have a list of reliable apps that can help you build better money habits, what are you waiting for?

                      Featured photo credit: Pexels via pexels.com

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