Learn pragmatic ways to earn money and build sound financial skills. For many teens, getting after-school or weekend work is a rite of passage as it may introduce them to new situations and demands. Teens have various options for making money, from traditional part-time work to internet gigs. Find out about the best adolescent jobs of today.
Main Points
Traditional jobs for teens included lifeguarding, vehicle washing, and babysitting.
Some ways to make money online are taking surveys, monetizing social media, or freelancing.
By working for their funds, teenagers can gain critical life skills, including budgeting and settling expenses.
The Benefits of Earning Money in Teens
There are several benefits to learning how to create money when still a teenager. First, kids who have money and are less dependent on their parents can gain. Working allows your adolescent to learn about money at a young age, according to Faisa Stafford of The Balance in an email. "Teaching kids about money should start when they are grownups.
According to Stafford, the key to maintaining a healthy financial view and assisting children in developing self-reliance as adults is teaching them about financial obligations when they are still young. As they build their employment abilities, teenagers may learn the value of money and how to handle it, and their prior job experience may offer them a leg up in their adult employment.
3 Ways Teens Should Earn Money
Teens have several options for starting their businesses. Here, we've broken down the top methods to generate money as a teen into five categories: regular employment, side jobs, internet businesses, passive income ideas, and side hustles.
Traditional Teenage Employment Options
For decades, standard methods for kids to get money include:
- occupations that are just part-time
- jobs after school
- Temp jobs
- Sunday jobs
Teenagers may typically find part-time work at fast food establishments, car washes, retail stores, grocery stores, and theaters. Some firms could demand that teenagers under 16 have a current work permit.
Note
Teenagers could also obtain weekend or seasonal employment at summer camps, golf courses, and amusement parks. The U.S. Bureau of Labor Statistics reports that in 2010, the median weekly income for those working part-time jobs was $317 for those 16 or older.
Teenage Online Side Businesses
Teenagers may discover opportunities in this trend as more firms hire for remote work. According to Stafford, online side jobs and side hustles are fantastic possibilities for teenagers looking to make money since they don't involve travel and offer a flexible schedule.
Opportunities for teenagers at home include:
Paying people to complete questionnaires
starting a podcast or blog
Using a TikTok or YouTube account to monetize social media
Work from home on Fiverr
Keeping up with social media profiles
clothes or other goods on their side
playing games or watching videos on a platform like Swagbucks
These online side jobs all have different earning possibilities, and how much money you may make depend on how much effort yous put into them.
Note
Even if your profits come from a side hustle, remember that you will still need to pay income tax. Teens with income should discuss tax management with an adult.
Teenage Offline Side Businesses
Another option for teens to generate money is through offline side businesses. These opportunities include, among others:
jogging canines
Babysitting
vehicle cleaning
organizing homes
working as a lifeguard or referee for kid's sports
grocery delivery with Instacart
Utilizing DoorDash to deliver meals
providing music instruction
Note
The amount of money teenagers might make through offline side jobs will vary depending on the position. For instance, according to ZipRecruiter, as of May 2022, the average hourly wage for adolescent tutoring positions was $20. Due to the flexibility of offline side jobs, teenagers may earn money while also attending class, hanging out with friends, and attending to their domestic duties.
5 Best Passive Income Ideas for Teenagers
The outstanding technical abilities of many youngsters may be exploited to generate passive income.
1. Food Delivery Apps
Food delivery service Apps like UberEats hire teenagers over 18 to make deliveries. You don’t necessarily need a car; if you own a bicycle, you can make deliveries in your area while you do your day. Start earning extra pocket money from UberEats from tips and keep a bit on the side to save for later.
2. Digital Products
You can make digital products like courses or ebooks if you have a skill that will be helpful to someone. Build up a library of products and find a site to promote them. Make sure to sell your work on hosting platforms that offer affiliate programs to promote your product. Again, once the initial work is done, it will start paying off.
3. Online Surveys
Many websites pay money for online surveys. One of the most popular survey sites is Survey Junkie. It’s free to join, and you could earn $5 per survey. Doing one survey each working day of the week could make you up to $100 a month. The site also pays by using other rewards, like gift cards.
4. Youtube
The key to success as a YouTuber is the quality of the content you share and the number of followers you have. This can take a long time initially but start by uploading videos on any topic that you and others find interesting. This is an excellent passive income idea because you can make videos about any skill or interest.
Once you have a following, people who sell products that align with your content will pay you to promote them. This could result in sponsored posts and free gear. The trick is to keep coming up with fresh content ideas and to keep your channel interesting. This can even lead you to become a business owner if your track is large enough.
5. Dividend Stocks
We discussed before how to save money today for future passive income. Your share market is a wonderful way to earn passive cash, but you will need to make an initial commitment to purchase shares.
With the size of the stock market, you need to do your homework before investing in reputable businesses that will enable you to receive high dividends. If you want to get started right away with this one, you'll need the assistance of your parents or legal guardians to create a custody account.
