Check with the banks in your area for the requirements to open an account. You may have to have an initial deposit, usually between $25. 00 and $100. 00, to open one. Some institutions may require that you be 18 years old to open an account or that you have a parent or guardian with you. You may also need some form of ID to open your account. If you don’t have an official ID card, they may accept a school ID or yearbook photo as well as other documents that your parents can help you with. [3] X Research source
Over the next 30 days, think about the item. Really think through why you want it, if it’s worth the price, and if you can do without. This waiting period will also give you time to do some research to see if you can find better deals. If after 30 days you decide that you still really want the item, consider purchasing it. If you decide to buy it, the delayed gratification will make getting it seem so much better!
For instance, if you earn $25. 00 for something, put about $8. 33 into savings. This way, you can give yourself some spending money while still building up your savings. For larger amounts that you earn, or if you have something specific you are saving for, increase the amount you put into savings to about half. If you really have nothing to spend money on, and would just be wasting it anyway, try putting three-quarters of it into savings and spending the other one-quarter.
For instance, you could ask for $2. 00 each time you wash the dishes and $5. 00 for picking weeds. If you decide on a set amount, a good rule of thumb is for parents to pay $1. 00 per year of age every week. For instance, a 15-year-old would get $15. 00 a week. [10] X Research source Any money paid to you by your parents can vary greatly depending on your family’s circumstances. Do not demand or expect a certain amount of money, and understand that paying you an allowance may not even be an option. Instead, work together to figure out what is doable. If you aren’t able to get an allowance from your parents, you can try checking with other family members and neighbors. Ask if they have any chores they need help with and would be willing to pay you for.
Start out by doing these service jobs for your parents, neighbors, and other friends and family members. Ask them to pass your name on to their friends and family to help you get even more opportunities. If you really get into a gig you like, consider making business cards to hand out. This is a flexible money-earning option. You’ll be in charge of what you do and when you do it.
Consider working as a barista at a nearby coffee shop, in retail at a department store, or hostessing at a restaurant. If you want a more low-key job that still has consistent pay, look into delivering newspapers. You’ll need to check your local laws for the minimum age requirement to work and whether or not a permit is required. If your family owns their own business, or you know someone who does, this can be a great place to start.
