Making money as a preteen is tough. Not nearly old enough to work at an establishment, and too young to rely on allowance. Many preteens, and parents are pondering, “How can an 11 year old make money?”
Knowing how to earn money as a kid might seem tricky, but not impossible. And tracking that money earning potential is also easy with digital technology, like an allowance app for kids.
Let’s take a closer look at how to earn money as a kid, answering the question of how can an 11 year old make money.
Many 11 year olds that want to earn money as a kid start with an allowance. This can have serious profitability when it comes to setting chores for a dollar amount. Allowance is actually more than just a set amount of money per week. It can go beyond this.
For example, tasks outside the normal daily allowance chores can be set each week. This allows your 11 year old to make more money, and begin saving that money for the future.
Of course kids want to earn money as a kid for toys and the latest and greatest video game. But tethering allowance with a savings plan can help your 11 year old develop good financial habits. Check out the Treasure financial app to make the experience digital.
Kids live in a pretty advanced tech era. Your 11 year old probably has a mobile device like an iPad or iPhone. According to a Panda Security study, 40 percent of those surveyed said kids should get a smartphone between the ages of 11 and 13.
This suggestion is, however, not reality. Most kids have a smartphone and are digitally savvy way before they are 11 years old. The good news is that 11 year olds that want to earn money can use their digital skills.
How can an 11 year old make money? Serving up tech support to those who may not be so technologically inclined. Like seniors for example.
An 11 year old can help older adults set up email accounts, download applications for health and wellness, photoshopping images and creating digital photo albums, and more.
Staying within the technology lines, how to earn money as a kid can be easy with an online store. And it has value for parents, since kids can get rid of unwanted stuff cluttering the house and garage.
How can an 11 year old make money doing this? First, you and your kiddo need to set up an eBay sellers account. Next, have your 11 year old help you round up all that unwanted stuff. With a good inventory ready to be sold online, you kid can start taking images of the items, creating sales descriptions, and uploading items to eBay.
There is a lot of money to be had doing this, especially if you have a garage or closet full of stuff that your family does not need anymore. Pro tip: Create mystery boxes with a grab bag of stuff. These mystery boxes are trending online these days.
Knowing how to earn money as a kid does not always need to be tech in nature. Those 11 year old preteens can also make money in more traditional ways to. This can be a good way to earn money as a kid, instilling the work ethic needed to be more successful down the road.
What old fashioned ways can 11 year olds earn money? Here are a few 11 year old money making ideas:
There are a number of ways your 11 year old can earn money. From putting those tech savvy skills to use to rolling up those tiny sleeves and earning a buck the old fashioned way.
How your kiddos use that money is the second part of the equation. Parents should try to set up strong money saving habits as early as possible, since these habits can set the tone for teenage and adult years to come. How is your 11 year old making money?