Once in a time of good thriving economy at that time, though people were crying about the economy at that time too, now it seems it was thriving! Anyways, coming back to the topic there was a speech given by Linda and Richard Eyre on “The Family Economy” fifteen years ago. In that speech, they promoted the idea of jobs for kids to make money of their own and assume responsibility for it.
Since then, many families have covered a variety of expenses for their cherished children, including their schooling, food, clothes, medical care, and transportation. However, funds for dining out, snacks, in-app purchases, etc.? They are the ones to bear them. Because of this, they have seldom ever asked since they were young, “Mom and Dad, can I have some money?” Rather, they ask, “Is it possible for me to make some money?”
What Tasks Can Young Children Perform To Earn Money?
They said they had applied the methods they would discuss with their own children. The children were assigned various jobs to earn money from “the job board” (above) when they were young, such as emptying the dishwasher for 50 cents, cleaning the bathroom for $3, and so forth. However, when they grew older, they discovered that working outside the home was more enjoyable and profitable.
During high school, our two eldest children worked at restaurants in addition to doing various creative jobs for kids like dog walking, babysitting, and pet watching (the youngest is currently in the odd-jobs era). The habit persisted, and both of our college-age children worked part-time jobs while attending classes full-time.
“Inspiring our children to be in charge of earning their own money now that they are (almost) adults was one of the finest strategies.” This is what they added while professing to make the kids work for money from home at an early age.
Being Financially Independent Is Liberating
“The world is filled with money, so if you want some, go and get it,” they encourage their children. The children will have a great deal of confidence because they understand what it’s like to pound the pavement with a resume and that there are always ways to get money. Other issues seem minor until you’ve worked as a hostess with hundreds of angry customers who want a reservation they can’t get while you’re rushing to clean the restroom and keeping track of scores of table seatings. They also discover the importance of their own time. Their son discovered that volunteering to upgrade the restaurant’s computer system would allow him to earn more money rather than being a busboy. Knowing when and how to upgrade is a priceless skill that they earn through practical real-world experiences. No one can teach you these things.
“Creating their own income has taught our teenagers perspective, which is perhaps even more significant.” They said and also emphasized because of it they were able to recognize the worth of money and feel more deeply appreciative of their own advantages. “And I’m delighted that they value the labor of others, particularly those who toil diligently for meager pay in order to provide for their families.” This sentence by Linda is the most characterful if you think about it.
However, what about grades?
Here’s a significant lie that needs to be dispelled: students who work don’t have time for studying. Actually, according to data from the Bureau of Labor Statistics, students who work part-time typically receive higher marks than those who don’t work at all. (Note that this only applies to students who work part-time; grades drastically decline if students work more than 20 hours per week.)
Many people think that, for the majority of teenagers, earning money would take up time that could be spent studying, working out, or playing the guitar. No, TikTok, Instagram, and Snapchat would be the focus of those extra hours! Put your teenagers in charge of earning their own pocket money in order to boost their self-esteem and independence, develop their skills, increase their level of responsibility, limit their social media usage, and teach them the value of hard work and money—and to save some of your hard-earned cash!
It Is THEIR Money If They Earn It
“We’ve taught our children to “pay yourself first”—that is, save the first 10% of their income—but we’re not allowed to gripe after that.” Yes! Accepted and agreed on this note of theirs. One of their children prioritizes his auto insurance, another is a tenacious saver, while a third enjoys spending her money on entertainment and food. It’s their money, so it’s acceptable!
It will be easier to avoid subsidizing things that are not particularly essential. For example, junk food? If they want to eat it they will have to pay for it which will limit the intake concurrently.
Shall we go on towards the more expensive near necessities like cell phones? Since screen time is not valued by almost every parent, the children must also purchase those for themselves. They therefore will purchase them used and will be astute enough to look at seller reviews and features.
What Should A Parent Want For Their Children?
Everyone wants their children to be happy! But will perspective make them happier or entitlement? Are they insecure because they must rely on others, or confident in their own abilities? Which will make the parents happier, young partners who assume some responsibility, or kids who are asking for a handout?
As financial providers, parents will have to take a backseat and let their young individuals discover their own authority and capabilities. If you want to take your own family in this way, we suggest spending some time researching what other parents have done before doing it yourself.
To find a direction about finding platforms that provide these kinds of opportunities for young children there are many. The main concern for a parent is the safety of their child when indulging in activities that are based on real-world scenarios. Fret not! There are many safe kids earning platforms, like Lemonade Stand, that provide earning opportunities while adhering to safety guidelines and fortifying the rules to make the possibilities safe.