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32 Ways for Kids to Earn Money in 2023

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Free Your Money: Strategies for Keeping Your Money In The Best Place Possible - ReadWrite


It’s time to talk about how your kids can make money. Why? There is no denying that life with kids can be expensive. Besides wanting the latest (and hottest) items on the market, kids also outgrow things quickly.

Furthermore, it teaches your child the value of a dollar when they make their money. Furthermore, making money as a kid will positively influence your child’s money habits for the rest of his or her life. For example, delaying gratification and saving money. This may explain why 83% of parents who have kids between 8-14 wish they had learned more about money as children.

What can you do to help your child make money? Well, here are 32 ideas that you explore with them this year and beyond.

How to Make Money as a Kid in Person

1. Taking care of household chores.

Probably the easiest way children can earn money is by doing chores around the house. You can start by having your child list chores he or she can do to earn money with you. If you want to charge for certain chores, for example, removing the trash or vacuuming the living room, you can set a price for each.

Additionally, to regularly scheduled chores, your child can also earn bonus money, for example, by cleaning the garage or mowing the lawn for an extra $10.00. By doing this, kids will be motivated to do chores they might not normally enjoy, like cleaning the bathroom or washing their cars.

What’s more, kids learn responsibility and the value of hard work when they do chores around the house. In addition to developing important life skills like time management and organization, they will also learn how to manage their time.

2. Help your neighbors with yard work.

Yard work never stops — no matter what season it is. You have to pull weeds, pick up after your pets, plant gardens, rake leaves, etc. Needless to say, there’s a lot of backbreaking work involved with yards. As a result, many people are willing to pay someone else to do the work for them. So, urge your kids to ask your neighbors if they need assistance.

What if you live in a colder climate? During the winter, your kids can earn some money by shoveling snowy driveways and sidewalks.

3. Clean and wash cars.

Car washing and cleaning are great jobs for kids. It is obviously not a good idea to have them work next to a busy street. However, letting them go door to door to your neighbors or asking your friends and family can help them find customers.

To spark your child’s entrepreneurial spirit, suggest that they expand their business to include other vehicles like RVs and campers.

It might not be necessary for your child to do a thorough wash in every case. But they might organize the interior, vacuum, wash, wipe down surfaces, and dispose of trash. Kids can clean RVs and campers for RVers who travel a lot or use their campers seasonally, like in the summer.

It is likely that they’ll need help with supplies and figuring out what to charge per vehicle.

4. Babysit for local families.

Preteens and teenagers can make money by babysitting. Most likely, there are families in your community looking for reliable babysitters on occasion. Coming from a large family, my siblings and I were able to babysit our cousins quite frequently.

Taking a child care and safety course is not required. But this could help your child make themselves more marketable.

In the U.S., babysitters earn an average hourly rate of $18.50, according to Sittercity data. Hourly rates, however, can vary considerably from place to place, from the cost of living to minimum wage laws in your state.

5. Pet sit or walk dogs.

Do you have a child who loves animals? There are tons of benefits to dog walking and pet sitting. For example, they could make money, get free cuddles, and spend time in fresh air and sunshine without having to commit to long-term pet ownership.

Depending on the age of your child, supervision may be needed. Don’t know where to begin? Outside of neighbors, friends, and family, the easiest way to earn money is to use Rover.

6.  Organizing and holding a garage/yard sale.

Kids can earn extra cash while decluttering their bedrooms. The first step in the process is to help your child determine what is worth selling by going through their belongings. From there, they can begin pricing items and planning the sale.

If you have a large yard, your child can hold the sale at your house. With your assistance, they can also rent a space at a flea market or join a community garage sale if they do not have a space. Additionally, you can help them promote the sale on social media and distribute flyers around the neighborhood.

As a bonus, kids can learn important marketing and customer service skills by running a garage sale. Besides learning how to handle money, they’ll also learn how to make changes, like having a rain date for sale.

7. Give a senior a helping hand.

There are some older people who don’t have much support from family and friends and could use some assistance. Offering to do small chores around the house or running errands for elderly people in your community is an easy way for your child to be of assistance. Your elderly neighbors will appreciate the gesture, and it may lessen their loneliness.

I used to do this for my grandparents. When I was younger, I would mow their lawn. Later on, I would take them to doctor’s appointments or the grocery store. For me, it wasn’t about the money. Rather, it was a chance to spend time with them.

8. Set up a lemonade or a hot chocolate stand.

A great way for kids to earn money during the warmer months is by selling a refreshing glass of lemonade. In the cooler months, they can sell hot chocolate. Let your child set up a table and chairs in your front yard to get started. In order to attract customers, posters or streamers can be displayed on the stand.

The prices of your child’s lemonade or hot chocolate should be listed on a sign. In addition to free refills, they can also offer customers cupcakes. To attract customers, your child can post flyers on social media or distribute them in the neighborhood, just like a garage sale.

A sign explaining why your child wants to earn money might also help with setting up the stand. It could be that they are saving money for a trip or a special value, like new soccer cleats. When people believe that a product will help a child achieve a certain objective, they will purchase it from them.

9. Sell baked goods.

Who doesn’t love homemade brownies, cupcakes, or cookies? By hosting a bake sale, you can accomplish three things:

  • Yummy baked goods
  • Money
  • Making memories with your children

You can also find fun recipes online if you do not have any family recipes to share with your children.

10. Take care of out-of-town neighbors’ plants and collect their mail.

Even if they don’t have pets, your kid can help out-of-town members of the community. While neighbors are away, they can collect mail and newspapers, water plants, and take care of trash cans on garbage day.

Aside from making some cash, this is a great way to teach your child responsibility.

11. Be a tutor.

Why doesn’t your child tutor others if they’re skilled in one or more? Besides helping others, they can make some decent money.

To get started, have them ask their classmates or family members if they need assistance. If they want to post leaflets in schools, libraries, and coffee shops, make sure the leaflets are approved first.

Math, in particular, can be profitable. According to Care, tutoring prices are $15-$50 per hour for high school students.

12. Recycle bottles and cans.

Does your state have a bottle deposit law? If so, your child can earn money by recycling bottles and cans. Besides collecting bottles and cans from your home, they can also collect them from local businesses and neighbors. To get paid, they can take the collected items to a recycling center after they have a sufficient amount.

While recycling doesn’t bring in much money, it is an excellent way to teach children about environmentalism. Using sites like InkRecycling.com and TonerBuyer.com, they can also make money collecting empty printer cartridges from local businesses, friends, and relatives.

13. Perform at events or teach music lessons.

Is your child talented in music? Why not encourage them to share their talent with others?

In addition to teaching other students after school or on weekends, they can perform with community groups at local events.

14. Work at the family business.

Your kids can earn money while also learning about running a business if you own a business. A child can assist in a family business by answering phones, filing paperwork, or stocking shelves.

You can assign your child work based on their age and the type of business you own. You may be able to allow your child to take on managerial duties, such as handling customer complaints or training new employees, if they are old enough.

Children can learn about the different aspects of running a company by working in the family business, like bookkeeping or customer service. Also, they’ll learn how to manage time, be responsible, and work with others.

15. Work part-time.

Depending on their age, teenagers can work part-time jobs around their school schedules. Encourage them to look for shifts during the weekend or evening. And especially during their summer break.

YMCAs, movie theaters, libraries, frozen yogurt shops, and other retail and service industry jobs are perfect places for adolescents to start earning a steady income.

16. Use Nextdoor to find local gigs.

Social networking groups can be useful for finding work in your area if your child is allowed. As an example, through Nextdoor, teens 13 years and older can offer services such as babysitting, dog walking, and lawn mowing.

How to Make Money Online as a Kid

17. Resell furniture and clothes.

Your children can resell their old clothes and furniture as they outgrow them. Apps like Mercari, Poshmark, and ThredUP let you list gently used clothes, or you can sell them at local consignment shops.

When selling larger items, like furniture, you can use Facebook Marketplace to vet buyers and set up a public meeting place with your teen. To be on the safe side, make sure that you supervise any online sales your child makes

18. Play online games.

Those who enjoy playing games and are seeking a way to earn money can earn quite a bit through gaming. Nowadays, there are many websites where gamers can earn money. Besides identifying the game’s flaws, these get-paid-to-play apps and websites need an authentic review from a true gamer.

Among the best game-testing platforms, Playtestcloud has made a name for itself as a place for teens to earn money. There are several big names in the gaming industry associated with this company, including Ubisoft and Zeptolab. Almost any game can now be reviewed, from flash games to realistic 3D games. As a reward, they’ll send a nice payout into a linked account.

In addition, kids can make money through competitive gaming, such as Esports. In addition, people can generate income from playing video games by uploading videos to YouTube showing them playing different genres of games.

As a final option, they could also teach other gamers to become better gamers using Skype.

19. Take surveys.

Kids with plenty of free time can take online surveys since they don’t need to have any skills or experience. Teenagers as young as 13 are welcome on some sites, including Swagbucks and MyPoints. The way they work is that users earn cash or gift cards by answering questions and sharing their opinions.

This work comes with a number of drawbacks, such as mind-numbing monotony, a low salary, and the need to provide demographic data or other personal information. Before moving forward, kids and parents should keep these things in mind.

20. Create illustrations.

Your child could make some money creating illustrations if they possess this skill. Invest in a decent illustration tablet and intuitive software, such as Clip Studio Paint Pro, and they’ll be all set. Having them set up a portfolio on Deviantart would be a perfect starting point.

21. Start a blog.

Your child may be able to start a blog with ads or sponsored posts if they are a natural writer. The benefits of blogging for kids include sharing their interests and perspectives with others. Additionally, it is an opportunity to teach them how to use SEO, social media marketing, and other digital marketing tools.

The following things should be kept in mind if you want your child to start a blog.

  • The first step is to choose a niche or topic that’s close to their heart. As a result, writing content will be much easier and more enjoyable for them.
  • To maintain a successful blog, they need to understand how much time is required.
  • For them to generate significant traffic and income, they must be patient.

Consider a catchy name for your child’s blog and help him or her design a professional-looking site. Additionally, you can help them brainstorm post ideas and connect them with brands and businesses interested in sponsoring their posts.

Blogging can be a source of income in the following ways:

  • Ads. Using AdSense, content creators can generate income every time a user clicks on their ads.
  • Sponsored Posts. Writing reviews for companies or promoting their products can earn money.
  • Affiliate Marketing. If someone buys a product through an affiliate link, a commission is received.

22. Monetize their social media accounts.

Like blogging, to make money on social media, you must be dedicated and patient. At the same time, kids have earned money and recognition from creating content on popular platforms like YouTube and Facebook, reviewing toys, and giving tutorials. Children 13 and older are allowed to use TikTok, YouTube, and Instagram.

How does your child get paid? Instagram, for example, allows 13-year-olds and older to make money from ads, sponsorships, and other paid content. However, they will be able to earn easier if you have many followers.

23. Manage social media accounts.

In today’s world, social media is indispensable. Also, as more people participate in these platforms, companies will market their products and services there.

It is only natural for a company to have a manager if they have an account. Facebook, Instagram, and Twitter are all familiar to teens, so that they can take advantage of this. Again, most social media sites have age restrictions. In most cases, you need to be 13 or 16 years old to work on a social media account.

In light of this, your teenager may be able to work part-time for local businesses as a social media manager. Their services can include creating posts, editing photos, answering messages, and managing the account.

24. Get paid to stream on Twitch.

Is your teen a video game enthusiast? Twitch has an audience for that.

Livestreams on the platform can be set up by 13-year-olds under the supervision of a parent or guardian. From there, they can earn money through sponsorships, donations, affiliate marketing, and affiliate marketing.

25. Sell handmade creations.

Has your child developed a special talent for jewelry design or other items or crafts? Using websites like Etsy, they could sell their creations online. Your child will not only be able to express himself or herself creatively but also make money.

Users on Etsy must be 18 years old to open an account, just like on eBay. As soon as your child decides what products they would like to offer, they can create listings with images and set up their Etsy shop.

The following items can be made and sold on Etsy by children:

  • Handmade Artwork
  • Jewelry
  • Homemade Soaps
  • Holiday Decorations
  • Homemade Dog Treats
  • Elastic Headbands
  • Birdhouses

If they need some inspiration, tell them about Zandra Cunningham, who created lip balm at 9 years old.

26. Sell t-shirts online.

A creative and fashion-forward child can make money by selling t-shirts online. The designs can be their own or they can use another’s with permission. The next step is to find a printing company to print the shirts once they have their design. But, when starting out, it’s probably easiest to use platforms like Teesping, Cafepress, or RedRubble.

Your designs are often available for sale on the websites of many online t-shirt companies. Additionally, you can encourage your child to sell his or her t-shirts on social media sites or their own websites. It’s a great way for children to learn about customer service, marketing, and entrepreneurship.

The child is responsible for creating their own design or finding one and asking permission to use it. In order to print the shirts, they need to find a printing company.

You might not think it’s lucrative at first. However, check out the story of this 17-year-old who started his own t-shirt business to change your mind.

27. Sell photos.

A hobby like taking photographs can be a fantastic way for your child to express himself or herself while making money. Among the best sites for them to sell their photographs are EyeEm, Foap, and Scoopshot.

28. Test apps.

It makes perfect sense for our kids to make some money testing apps since they are so engrossed in the digital world. Several places can help your child get started. But UberTesters and TesterWork are the best places to begin.

29. Create online courses.

Online learning is booming, so it’s no surprise that people are looking for courses on almost any topic. It is possible for your teen to create a course and sell it online if they are an expert in a particular field.

In order to start their course, they must choose a platform, like Udemy or Skillshare. Then they can create video, PDF, and audio content for the course. Finally, they can set a price for their course and start selling it.

30. Join Slice the Pie as a reviewer.

Would your teen be interested in writing reviews for a living? Before new products, such as songs, commercials, fashion items, or accessories, hit the market, they can offer feedback to businesses, artists, designers, and others. Who knows? These products might one day be known or seen by your child.

It is possible for teens as young as 13 to earn money by writing reviews, and the quality of your reviews influences your pay over time.

31. Publish a book.

A publishing house is no longer necessary to become an author. As such, consider publishing your child’s poetry or short stories so that they can earn money from their talent.

With easy self-publishing and e-books accessible to most devices, self-publishing has never been easier. Maybe that’s why Bella J. Dark was able to publish her book The Lost Cat at the age of 5!

32. Become a youth investor.

It’s not common for kids to invest. In some cases, however, children can invest if their parents set up an account for them. However, investing from an early age will benefit a person’s future. Acorns and Acretrader are two of the best sites to start with.

Create a family account with a few dollars a month and ask your child to help manage it. Over time, that money will grow, and they’ll have a decent nest egg when they’re an adult.

FAQs

Why should kids learn about money?

“Without a working knowledge of money, it is extraordinarily difficult to do well in life,” says Sam X Renick, co-creator of Sammy Rabbit, a children’s character and financial literacy initiative.

“Money is central to transacting life, day-in and day-out. Where we live, what we eat, the clothes we wear, the car we drive, health care, education, child-rearing, gift giving, vacations, entertainment, heat, air-conditioning, insurance—you name it, money is involved.”

How can my kids acquire money without my giving them an allowance?

Let them know that it is only through hard work that one can consistently accumulate money. However, the type of work they do is dependent on their age. It’s natural for young kids to want to help. Their jobs usually involve helping their parents or relatives, friends, or neighbors. In comparison to younger kids, older kids have more opportunities, such as working part-time or becoming social media influencers.

What is the minimum age for a child to work?

As stated by the U.S. Department of Labor, for minors (under 18) working in regulated jobs, the Fair Labor Standards Act (FLSA) establishes wage, hour, and safety requirements. Depending on the minor’s age and the job he or she is doing, the rules may vary. Generally, the FLSA sets a minimum age for employment at 14 years old and limits the number of hours minors can work.

Additionally, the FLSA generally prohibits minors from working in hazardous occupations, such as excavation, driving, and operating power-driven equipment declared hazardous by the Secretary of Labor. Several FLSA requirements apply only to certain types of jobs, such as agricultural work or the operation of motor vehicles. There are many exceptions to the general rules, for example, minors working for their parent.

Employment laws vary from state to state, including laws regarding the employment of minors. IA minor’s rights will be protected by the law, which is more protective of them if state law and FLSA overlap. For more information, please contact your state department of labor.

Do kids need to pay taxes?

Taxes may still be due by your kids, even if they are young enough to be considered your dependents. Sometimes you can include their income on your tax return; sometimes, they must file their own. A minor’s income, as well as the source, will determine whether he or she is required to file.

  • Depending on their income, minors must file a tax return if they earn more than their standard deduction ($12,950 in 2022).
  • When a minor earns less than $12,950, he or she won’t be taxed but may choose to file a return for a refund.
  • When a child earns more than $1,150 (the tax year 2022) in “unearned income,” such as dividends or interest, he or she must file a tax return.
  • Social Security and Medicare taxes will be due to minors who earn tips or make more than $400 in self-employment income (the tax year 2022).

Someday they will need to file their own tax returns, even if they don’t yet have to. If you are preparing your own taxes, consider including them. With a parent’s help, filing tax returns can be much more manageable when the time comes.

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Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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