summer jobs http://www.wisebread.com/taxonomy/term/10429/all en-US Great Summer Jobs for Kids and Adults http://www.wisebread.com/great-summer-jobs-for-kids-and-adults <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/great-summer-jobs-for-kids-and-adults" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/4486953295_bb2d8997ac_z.jpg" alt="kids washing car" title="kids washing car" class="imagecache imagecache-250w" width="250" height="166" /></a> </div> </div> </div> <p>The lazy days of summer may not be here yet, but for many kids and adults, now is the time to start thinking about a summer job. There are summer jobs for children of all ages, and some new opportunities for earning income as an adult become available during the summer months, too. Here are some ideas to get you started. (See also: <a href="http://www.wisebread.com/25-ways-to-make-money-today">25 Ways to Make Money&nbsp;Today</a>)</p> <h2>Jobs for Kids Under 12</h2> <p>Once children realize that having money means they can buy fun things, they want to earn some money of their own. Until the child is old enough to get working papers, they&rsquo;re not allowed to get a job. To encourage their entrepreneurial spirit and desire to earn some money, here are some ideas for helping young children earn some summer cash:</p> <ul> <li>Lemonade stand</li> <li>Bake sale</li> <li>Car wash (in your driveway)</li> <li>Yard sale</li> <li>Summer chores around your home</li> <li>Yard work (perhaps there are some elderly neighbors who could use a hand raking their yard or clearing away brush?)</li> </ul> <h2>Jobs for Tweens 12&ndash;16</h2> <p>As children reach their young teen years, they&rsquo;re often more determined to make some spending money of their own. This is the age when the kids begin asserting more independence and spending more time out with friends, and thus, the desire to have money in their pockets increases. Unfortunately, they&rsquo;re still too young to get on payroll at most places, but they have a few more opportunities for earning money than the younger children. Here are some ideas:</p> <ul> <li>Lawn care</li> <li>Babysitting, mother's helper, or junior camp counselor</li> <li>Pet sitting or dog walking</li> <li>Selling their outgrown toys and video games on eBay or Craigslist</li> <li><a href="http://www.retireat21.com/blog/top-20-young-internet-entrepreneurs-under-21">Online businesses</a></li> </ul> <h2>Jobs for Teenagers With Working Papers</h2> <p>Once a teenager is old enough to get working papers, he or she can start applying for &ldquo;real jobs.&rdquo; There are limitations on the type of work they are allowed to do, but some common summer jobs for this age group include:</p> <ul> <li>Fast food employee</li> <li>Restaurant waitstaff</li> <li>Paper delivery person</li> <li>Camp counselor</li> <li>Lifeguard</li> <li>House cleaner</li> <li>Amusement park staff/ride operator</li> <li>Telemarketer</li> <li>Administrative assistant</li> </ul> <p>Once your teenager is old enough to get on the payroll of a company, you should stress the importance of saving a percentage of their income if you haven&rsquo;t already. You can even <a href="http://www.wisebread.com/help-your-teenager-earn-their-first-million">help your teenager earn their first million dollars</a>, since they have adequate time to use the power of compounding interest.</p> <h2>Jobs for Adults</h2> <p>As an adult looking to earn extra money during the summer months, you have a wide range of options, from temporary employment at local tourist destinations to part-time evening or weekend jobs centered around your existing career. You can even start a summer business to grow your income. Here are a few ideas to get your creative juices flowing:</p> <ul> <li>Lawn and garden service (See also: <a href="http://www.wisebread.com/the-6-best-lawn-mowers">The 6 Best Lawn Mowers</a>)</li> <li>Tourist destinations: hotels, day camps, resorts, and campgrounds</li> <li>Bartending</li> <li>Babysitting (many parents are in a jam during the summer months when school is out)</li> <li>Freelance and <a href="http://www.wisebread.com/3-sources-for-freelance-work-at-home-jobs">work-at-home</a> jobs</li> <li>Farmhand</li> <li>Organizing assistance (help others get their garages, basements, closets, etc organized)</li> </ul> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/debbie-dragon">Debbie Dragon</a> of <a href="http://www.wisebread.com/great-summer-jobs-for-kids-and-adults">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-side-jobs-for-stay-at-home-moms-and-dads">12 Side Jobs for Stay-at-Home Moms and Dads</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/making-money-from-clinical-trials-worth-the-risk">Making Money From Clinical Trials: Worth the Risk?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/five-jobs-for-children">Five &quot;Jobs&quot; for Children</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-10-worst-ways-to-make-extra-money">The 10 Worst Ways to Make Extra Money</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-kids-and-adults-can-earn-extra-income-by-doing-voice-overs">How Kids and Adults Can Earn Extra Income by Doing Voice-Overs</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income kids and money part-time job summer jobs Mon, 09 Apr 2012 10:24:08 +0000 Debbie Dragon 916313 at http://www.wisebread.com Help Your Teenager Earn Their First Million http://www.wisebread.com/help-your-teenager-earn-their-first-million <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/help-your-teenager-earn-their-first-million" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/summerjob.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>As adults, how many times have you wished you had invested money as a teenager or young(er) adult? We're all aware of the power of compounding interest, and the idea that starting your savings earlier means having more money when you are ready to retire, but by the time we discover this financial truth &ndash; we've already missed a whole lot of years of saving! Why not help your kids earn their first million?</p> <p>Teenagers aren't thinking about retirement. They're thinking about getting their first cars, road trips with their friends and falling in love. If you can help your child realize the formula for retirement fund success relies on starting it early and not withdrawing the money until retirement, your child won't be among the adults who look back and wish they had started their retirement savings earlier. Investing money for retirement as a teenager doesn't have to be overly complicated. You don't have to spend hours studying the performance of various stocks and bonds or anything &ndash; just open a <a href="http://www.depositaccounts.com/ira/">Roth IRA</a> with a low-cost equity portfolio and leave the money until your 16 year old turns 67 and can remove the money tax-free.</p> <p>Here's how today's&nbsp;teenager can (start) earning their first million by the time they retire:</p> <p><strong>Get a summer job at the age of 15 or 16</strong>: Can a 16 year old earn $2,000 over the summer months? Of course they can (and I did too, 13 years ago when minimum wage was even less than it is now). If your<a href="http://www.wisebread.com/hey-kids-its-time-your-butt-got-a-job"> teenager gets a job</a> at about $9 an hour, they would have to work around 223 hours to make a little over $2,000. This is before taxes are taken out though, so to be on the safe side, you could assume they need to work around 350 hours in order to clear the $2,000 after Uncle Sam gets his cut. A typical summer vacation is around 3 months in length, so your child would be looking at working at least 117 hours per month, or about 29 hours a week. This leaves plenty of time for socializing and &ldquo;hanging out&rdquo;, too.</p> <p><strong>Earn $2000 per summer all through high school</strong>: (and maybe your first summer as a college student or new high school graduate,&nbsp;too) If your 16 year old earns $2,000 during each of the four summer vacations of their high school career, they're looking at $8,000 that can be placed in a Roth IRA to earn tax-free for as long as the money remains in the account. (If you withdraw the money after you are 59 and a half years old, it can be withdrawn tax-free as well!) With $2000 invested into a Roth IRA over the teenagers four summer vacations, your sixteen year old could start the ball rolling to earn their first million for retirement. If you invested the $8,000 earned over the four summers into a Roth IRA; investing in common stocks with the average compound rate of 10.7%, your account would grow to be over $9,300 at the end of the fourth year. By the time your sweet sixteen year old has graduated from high school and started the next phase of his or her life, even without any additional contributions those summers of working will have earned:</p> <ul> <li>Over $25,000 at the age of 30</li> <li>Over $71,000 at the age of 40</li> <li>Just shy of $198,000 at the age of 50</li> <li>Over $540,000 at the age of 60</li> <li>Over $1,100,000 at the age of 67</li> </ul> <p>Helping your teenager understand the value of compounding interest and saving early will turn them into retired millionaires with just a few summers of working. (Not to mention whatever they do to contribute to their retirement accounts through their adult working years). As we get older and have more financial responsibilities, most of us find it impossible to save $2,000 in 3 months time. The opportunity is perfect for a teenager to establish their retirement accounts, as long as they keep their hands out of this piggy bank until they retire.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/debbie-dragon">Debbie Dragon</a> of <a href="http://www.wisebread.com/help-your-teenager-earn-their-first-million">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/when-should-you-say-no-to-those-who-want-to-borrow-money-from-you">When Should You Say No to Those Who Want to Borrow Money from You?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-10-kinds-of-people-who-get-rich-and-how-they-do-it">The 10 Kinds of People Who Get Rich (and How They Do It)</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/tips-for-finding-legitimate-work-at-home-opportunities">Tips for Finding Legitimate Work at Home Opportunities</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/welcome-to-the-real-world-my-best-advice-for-new-graduates">Welcome to the Real World - My Best Advice for New Graduates</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-simple-guide-to-series-i-savings-bonds-i-bonds">A Simple Guide to Series I Savings Bonds (I-Bonds)</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Career and Income General Tips Investment become a millionaire investing for teenagers summer jobs teens and money Fri, 13 Feb 2009 13:10:15 +0000 Debbie Dragon 2836 at http://www.wisebread.com