How can 12 year olds make money? Earning money as a 12-year-old is absolutely achievable by leveraging various creative and practical avenues, and money-central.com is here to guide you through it. From online opportunities to local gigs, there are many ways for young individuals to start building their financial skills. Discover actionable strategies, explore age-appropriate side hustles, and learn the basics of money management like saving strategies and financial literacy on our website.
1. What are the Best Online Opportunities for 12-Year-Olds to Make Money?
The best online opportunities for 12-year-olds to make money include content creation on platforms like YouTube and TikTok, participating in online surveys, and learning basic coding or design skills to offer simple services. These avenues are increasingly popular as they provide flexibility and cater to the digital native generation. According to research from New York University’s Stern School of Business, in July 2023, online platforms provide accessible opportunities for young individuals to generate income, fostering entrepreneurial skills from a young age.
- Content Creation: YouTube and TikTok are great platforms. Many 12-year-olds find success creating videos on topics they enjoy, such as gaming, tutorials, or reviews. Building a following can lead to earning through ads, sponsorships, and merchandise sales.
- Online Surveys: Participating in online surveys is a straightforward way to earn small amounts of money. While the pay per survey might be modest, the cumulative earnings can be worthwhile over time.
- Learning Coding/Design: Acquiring basic coding or graphic design skills opens doors to offering simple services. Many small businesses and individuals need help with tasks like creating basic websites, logos, or social media graphics.
2. What Traditional Jobs Can a 12-Year-Old Do to Earn Money?
Traditional jobs a 12-year-old can do to earn money include babysitting, lawn mowing, pet sitting, and running errands for neighbors or family members. These roles offer direct, hands-on experience and foster responsibility. Babysitting is popular among young teens, requiring them to care for younger children while their parents are away. Lawn mowing and gardening services are also in demand, particularly during the spring and summer months. Pet sitting is another viable option, catering to pet owners who need someone to look after their animals while they are traveling or at work. Running errands for neighbors or family members can also be a reliable income source.
Babysitting
Babysitting involves caring for younger children, which includes feeding, playing, and ensuring their safety. According to the U.S. Bureau of Labor Statistics, the median hourly wage for babysitters in 2022 was $13.63.
Lawn Mowing
Lawn mowing and gardening involve maintaining lawns and gardens for neighbors or family members. Tasks include mowing grass, weeding, and planting flowers. The average cost for lawn mowing services ranges from $30 to $80 per visit.
Pet Sitting
Pet sitting involves caring for pets while their owners are away. Tasks include feeding, walking, and playing with the animals. Pet sitters can earn an average of $25 to $50 per day, depending on the location and the type of pet.
Running Errands
Running errands for neighbors or family members can be a reliable income source. This includes tasks like grocery shopping, picking up dry cleaning, or delivering packages. The pay can vary, but it’s often a flat fee per errand or an hourly rate.
3. How Can a 12-Year-Old Start a Small Business?
A 12-year-old can start a small business by identifying a need in their community and offering a relevant service or product, such as making and selling crafts, tutoring younger students, or providing tech support. Starting a small business teaches valuable entrepreneurial skills like problem-solving, financial management, and customer service.
- Making and Selling Crafts: Creating handmade items such as jewelry, cards, or small decor pieces can be a fun and profitable venture. These items can be sold at local markets, fairs, or online platforms like Etsy.
- Tutoring Younger Students: If a 12-year-old excels in a particular subject, they can offer tutoring services to younger students. This not only helps others academically but also reinforces their own knowledge.
- Providing Tech Support: Many people, especially older adults, struggle with technology. Offering tech support services can be a valuable service, helping people with tasks like setting up devices, troubleshooting issues, or teaching basic computer skills.
4. What are Some Creative Ways for a 12-Year-Old to Earn Money?
Creative ways for a 12-year-old to earn money include selling artwork or crafts, writing stories or poems for local publications, and offering photography services for family events. These methods tap into their unique talents and interests. For instance, a 12-year-old with artistic skills can create and sell paintings, drawings, or handmade crafts at local markets or online. A budding writer can submit stories or poems to local publications or online platforms that accept submissions from young authors. A photography enthusiast can offer to take photos at family gatherings, birthday parties, or community events.
- Selling Artwork or Crafts: Artistic talents can be monetized by creating and selling paintings, drawings, or handmade crafts at local markets, fairs, or online.
- Writing Stories or Poems: Young writers can submit their stories or poems to local publications or online platforms that accept submissions from young authors.
- Offering Photography Services: Photography enthusiasts can offer their services for family gatherings, birthday parties, or community events, capturing memorable moments for clients.
5. How Can 12-Year-Olds Make Money During the Summer?
During the summer, 12-year-olds can make money by offering services like lawn care, pet care, running a lemonade stand, or helping with summer camps. These seasonal opportunities provide income while school is out. Lawn care services, such as mowing lawns, weeding gardens, and watering plants, are in high demand during the summer months. Pet care services, like pet sitting, dog walking, and feeding animals, cater to pet owners who are traveling or working during the summer. A lemonade stand is a classic summer venture, offering a refreshing drink to passersby. Helping with summer camps, either as a junior counselor or assistant, can provide valuable experience and income.
Lawn Care
Offering lawn care services like mowing lawns, weeding gardens, and watering plants is a practical way to earn money during the summer. According to HomeAdvisor, the average cost for lawn mowing services ranges from $30 to $80 per visit.
Pet Care
Providing pet care services, such as pet sitting, dog walking, and feeding animals, caters to pet owners who are traveling or working during the summer. Pet sitters can earn an average of $25 to $50 per day, depending on the location and the type of pet.
Lemonade Stand
Setting up a lemonade stand is a classic summer venture, offering a refreshing drink to passersby. With minimal investment, a lemonade stand can generate a decent profit on a hot day.
Summer Camp Assistant
Assisting with summer camps, either as a junior counselor or assistant, can provide valuable experience and income. Responsibilities may include helping with activities, supervising children, and ensuring their safety.
6. What are the Best Ways for a 12-Year-Old to Save Money?
The best ways for a 12-year-old to save money include setting a budget, opening a savings account, and setting financial goals. These practices instill financial responsibility early on. Setting a budget helps track income and expenses, ensuring that spending aligns with financial goals. Opening a savings account provides a safe place to store money and earn interest. Setting financial goals, such as saving for a specific item or future education, provides motivation and direction.
Setting a Budget
Creating a budget helps track income and expenses, ensuring that spending aligns with financial goals. A simple budget can be created using a notebook or a budgeting app.
Opening a Savings Account
Opening a savings account provides a safe place to store money and earn interest. Many banks offer savings accounts specifically designed for young savers.
Setting Financial Goals
Setting financial goals, such as saving for a specific item or future education, provides motivation and direction. These goals should be specific, measurable, achievable, relevant, and time-bound (SMART).
7. How Can a 12-Year-Old Learn About Investing?
A 12-year-old can learn about investing by reading age-appropriate books on finance, using online simulation games, and talking to parents or guardians about their investment strategies. These resources provide a foundation for understanding investment principles. Reading books on finance tailored for young readers can introduce basic concepts like stocks, bonds, and mutual funds. Online simulation games, such as stock market simulators, allow users to practice investing without risking real money. Discussing investment strategies with parents or guardians provides real-world insights and guidance.
Reading Finance Books
Reading age-appropriate books on finance can introduce basic concepts like stocks, bonds, and mutual funds. Books like “The Everything Kids’ Money Book” by Brette McWhorter Sember provide accessible explanations and practical advice.
Using Simulation Games
Online simulation games, such as stock market simulators, allow users to practice investing without risking real money. These games provide a hands-on learning experience and help develop an understanding of market dynamics.
Talking to Parents or Guardians
Discussing investment strategies with parents or guardians provides real-world insights and guidance. Learning from their experiences and understanding their investment decisions can be invaluable.
8. What are Some Age-Appropriate Apps for Managing Money?
Age-appropriate apps for managing money include Greenlight, FamZoo, and RoosterMoney, which offer tools for tracking expenses, setting savings goals, and learning financial concepts. These apps provide a safe and educational environment for young users. Greenlight allows parents to oversee their children’s spending and saving habits, while FamZoo offers virtual allowances and chore management tools. RoosterMoney provides a visual way for children to track their earnings and savings goals.
Greenlight
Greenlight allows parents to oversee their children’s spending and saving habits. It includes a debit card for kids and tools for setting spending limits and tracking transactions.
FamZoo
FamZoo offers virtual allowances and chore management tools, allowing parents to pay their children for completing tasks. It also includes features for setting savings goals and tracking progress.
RoosterMoney
RoosterMoney provides a visual way for children to track their earnings and savings goals. It includes a virtual money tracker and tools for learning about budgeting and saving.
9. How Can 12-Year-Olds Handle Their Earnings Responsibly?
12-year-olds can handle their earnings responsibly by creating a budget, allocating a portion for savings, and setting financial goals. These practices foster financial literacy and responsible spending habits. Creating a budget helps track income and expenses, ensuring that spending aligns with financial goals. Allocating a portion for savings helps build a financial safety net and prepares for future expenses. Setting financial goals, such as saving for a specific item or future education, provides motivation and direction.
Creating a Budget
Creating a budget helps track income and expenses, ensuring that spending aligns with financial goals. A simple budget can be created using a notebook or a budgeting app.
Allocating for Savings
Allocating a portion of earnings for savings helps build a financial safety net and prepares for future expenses. Aim to save at least 10-20% of each paycheck.
Setting Financial Goals
Setting financial goals, such as saving for a specific item or future education, provides motivation and direction. These goals should be specific, measurable, achievable, relevant, and time-bound (SMART).
10. What Safety Precautions Should a 12-Year-Old Take When Earning Money?
Safety precautions a 12-year-old should take when earning money include never sharing personal information online, always having parental supervision for in-person jobs, and being cautious when meeting new clients. Protecting personal information is crucial to prevent identity theft and online scams. Having parental supervision ensures a safe working environment and provides guidance and support. Being cautious when meeting new clients helps avoid potentially dangerous situations.
Protecting Personal Information
Never share personal information online, such as address, phone number, or school details. Be cautious about online scams and phishing attempts.
Parental Supervision
Always have parental supervision for in-person jobs, especially when meeting new clients or working in unfamiliar environments.
Meeting New Clients
Be cautious when meeting new clients and always arrange meetings in public places or with parental supervision. Trust your instincts and avoid situations that feel uncomfortable.
11. What Are Some Unusual or Niche Ways for 12-Year-Olds to Make Money?
Unusual or niche ways for 12-year-olds to make money include creating and selling digital art, offering gaming tutorials, or becoming a social media manager for small businesses. These unique avenues cater to specific interests and skill sets. Creating and selling digital art, such as logos, illustrations, or animations, can be a profitable venture for artistic individuals. Offering gaming tutorials on platforms like YouTube or Twitch caters to a growing audience of gamers seeking guidance and tips. Becoming a social media manager for small businesses involves managing their social media accounts, creating content, and engaging with followers.
Creating and Selling Digital Art
Artistic individuals can create and sell digital art, such as logos, illustrations, or animations, to clients online. Platforms like Etsy and Fiverr provide marketplaces for selling digital creations.
Offering Gaming Tutorials
Gaming enthusiasts can offer tutorials on platforms like YouTube or Twitch, providing guidance and tips to other gamers. Building a following can lead to earning through ads, sponsorships, and merchandise sales.
Social Media Management
Becoming a social media manager for small businesses involves managing their social media accounts, creating content, and engaging with followers. This requires strong communication skills and a good understanding of social media platforms.
12. How Can 12-Year-Olds Use Their Skills to Make Money?
12-year-olds can use their skills to make money by offering tutoring, creating crafts, or providing tech support, leveraging their talents for income. Tutoring in subjects where they excel can provide valuable academic support to others, while creating and selling crafts allows them to monetize their artistic abilities. Providing tech support can help individuals struggling with technology, offering practical solutions to their problems.
Tutoring
If a 12-year-old excels in a particular subject, they can offer tutoring services to younger students, helping them with homework, test preparation, and overall academic performance.
Crafting
Creating handmade items such as jewelry, cards, or small decor pieces can be a fun and profitable venture. These items can be sold at local markets, fairs, or online platforms like Etsy.
Tech Support
Many people, especially older adults, struggle with technology. Offering tech support services can be a valuable service, helping people with tasks like setting up devices, troubleshooting issues, or teaching basic computer skills.
13. What Resources Are Available for 12-Year-Olds to Learn About Money?
Resources available for 12-year-olds to learn about money include books, websites, and educational programs, providing comprehensive financial education. Books like “The Everything Kids’ Money Book” by Brette McWhorter Sember offer accessible explanations and practical advice. Websites like money-central.com provide articles, tools, and resources for managing money. Educational programs offered by schools and community organizations provide structured learning experiences and expert guidance.
Books
Books like “The Everything Kids’ Money Book” by Brette McWhorter Sember offer accessible explanations and practical advice for young readers. These books cover topics such as budgeting, saving, and investing.
Websites
Websites like money-central.com provide articles, tools, and resources for managing money. These websites offer a wealth of information and can help young people develop financial literacy.
Educational Programs
Educational programs offered by schools and community organizations provide structured learning experiences and expert guidance. These programs cover a range of topics, from basic budgeting to advanced investment strategies.
14. How Can 12-Year-Olds Balance Earning Money with School and Activities?
12-year-olds can balance earning money with school and activities by setting priorities, managing time effectively, and communicating with parents or guardians. Effective time management is crucial for balancing work, school, and extracurricular activities. Setting priorities ensures that the most important tasks are completed first, while open communication with parents or guardians provides support and guidance.
Time Management
Effective time management is crucial for balancing work, school, and extracurricular activities. Use tools like calendars, planners, and to-do lists to stay organized and on track.
Setting Priorities
Setting priorities ensures that the most important tasks are completed first. Focus on schoolwork and essential activities before committing to work or other responsibilities.
Communication
Open communication with parents or guardians provides support and guidance. Discuss your work schedule and responsibilities with them to ensure that you are not overwhelmed.
15. What are the Legal Considerations for 12-Year-Olds Earning Money?
Legal considerations for 12-year-olds earning money include child labor laws, which vary by state, and understanding the need for parental consent. Child labor laws regulate the types of jobs that young people can perform and the hours they can work. Parental consent is typically required for minors to engage in employment or business activities.
Child Labor Laws
Child labor laws regulate the types of jobs that young people can perform and the hours they can work. These laws vary by state, so it’s important to be aware of the specific regulations in your area.
Parental Consent
Parental consent is typically required for minors to engage in employment or business activities. This ensures that parents are aware of and approve of their child’s work arrangements.
16. What are the Tax Implications for 12-Year-Olds Earning Money?
Tax implications for 12-year-olds earning money include understanding income tax thresholds and potential filing requirements, which depend on the amount earned. If a 12-year-old earns above a certain threshold, they may be required to file a tax return. Understanding these requirements and complying with tax laws is essential.
Income Tax Thresholds
If a 12-year-old earns above a certain threshold, they may be required to file a tax return. These thresholds vary each year, so it’s important to stay informed about the current regulations.
Filing Requirements
Understanding the filing requirements and complying with tax laws is essential. Seek guidance from parents or guardians or consult a tax professional for assistance.
17. How Can 12-Year-Olds Avoid Scams When Making Money Online?
12-year-olds can avoid scams when making money online by being wary of offers that seem too good to be true, never sharing personal information, and seeking parental guidance. Offers that promise high earnings with little effort are often scams. Protecting personal information is crucial to prevent identity theft and online fraud. Seeking parental guidance provides a layer of protection and ensures that online activities are safe and legitimate.
Suspicious Offers
Be wary of offers that seem too good to be true. If an opportunity promises high earnings with little effort, it’s likely a scam.
Personal Information
Never share personal information online, such as address, phone number, or bank details. Be cautious about online scams and phishing attempts.
Parental Guidance
Seek parental guidance and supervision when exploring online money-making opportunities. Parents can help identify potential scams and ensure that online activities are safe and legitimate.
18. What are the Benefits of Earning Money at a Young Age?
The benefits of earning money at a young age include developing financial literacy, learning responsibility, and gaining valuable work experience. Financial literacy is enhanced by managing earnings, budgeting, and saving. Responsibility is fostered by fulfilling work obligations and managing finances. Valuable work experience provides skills and insights that can benefit future career endeavors.
Financial Literacy
Earning money at a young age enhances financial literacy by providing opportunities to manage earnings, budget, and save. This helps develop a strong foundation for future financial success.
Responsibility
Working and earning money fosters responsibility by requiring individuals to fulfill work obligations, manage their finances, and make informed financial decisions.
Work Experience
Gaining valuable work experience at a young age provides skills and insights that can benefit future career endeavors. This includes learning about customer service, teamwork, and problem-solving.
19. How Can a 12-Year-Old Start a YouTube Channel to Make Money?
A 12-year-old can start a YouTube channel to make money by creating engaging content, promoting their channel, and monetizing their videos through ads or sponsorships. Creating engaging content that appeals to a specific audience is essential for attracting viewers and subscribers. Promoting the channel through social media and other platforms helps expand reach and visibility. Monetizing videos through ads or sponsorships provides a direct revenue stream.
Creating Content
Creating engaging content that appeals to a specific audience is essential for attracting viewers and subscribers. Focus on topics that you are passionate about and that resonate with your target audience.
Promoting the Channel
Promoting the channel through social media and other platforms helps expand reach and visibility. Share your videos on Facebook, Twitter, Instagram, and other social media channels.
Monetizing Videos
Monetizing videos through ads or sponsorships provides a direct revenue stream. Join the YouTube Partner Program to enable ads on your videos.
20. What are the Best Apps for Tracking Income and Expenses for 12-Year-Olds?
The best apps for tracking income and expenses for 12-year-olds include Greenlight, FamZoo, and RoosterMoney, offering user-friendly interfaces and educational features. These apps provide tools for budgeting, setting savings goals, and monitoring spending habits. Greenlight allows parents to oversee their children’s spending and saving, while FamZoo offers virtual allowances and chore management. RoosterMoney provides a visual way for children to track their earnings and savings goals.
Greenlight
Greenlight allows parents to oversee their children’s spending and saving habits. It includes a debit card for kids and tools for setting spending limits and tracking transactions.
FamZoo
FamZoo offers virtual allowances and chore management tools, allowing parents to pay their children for completing tasks. It also includes features for setting savings goals and tracking progress.
RoosterMoney
RoosterMoney provides a visual way for children to track their earnings and savings goals. It includes a virtual money tracker and tools for learning about budgeting and saving.
21. How Can a 12-Year-Old Earn Money Through Gaming?
A 12-year-old can earn money through gaming by streaming on platforms like Twitch, creating gaming content on YouTube, or participating in eSports tournaments. Streaming on platforms like Twitch allows viewers to watch and interact with the gamer in real-time, generating revenue through subscriptions, donations, and sponsorships. Creating gaming content on YouTube, such as tutorials, reviews, or gameplay videos, attracts viewers and subscribers, leading to earnings through ads and sponsorships. Participating in eSports tournaments provides opportunities to win prize money and gain recognition in the gaming community.
Streaming on Twitch
Streaming on platforms like Twitch allows viewers to watch and interact with the gamer in real-time. Streamers can generate revenue through subscriptions, donations, and sponsorships.
Creating YouTube Content
Creating gaming content on YouTube, such as tutorials, reviews, or gameplay videos, attracts viewers and subscribers. This can lead to earnings through ads and sponsorships.
eSports Tournaments
Participating in eSports tournaments provides opportunities to win prize money and gain recognition in the gaming community. This requires dedication, skill, and practice.
22. What are Some Safe Online Survey Sites for 12-Year-Olds to Earn Money?
Safe online survey sites for 12-year-olds to earn money include Swagbucks, Survey Junkie, and Toluna, which offer legitimate opportunities with parental consent. These platforms provide a secure environment for participating in surveys and earning rewards. Swagbucks offers various ways to earn, including surveys, watching videos, and shopping online. Survey Junkie focuses primarily on surveys, offering a straightforward way to earn cash or gift cards. Toluna provides opportunities to participate in surveys, product testing, and online communities.
Swagbucks
Swagbucks offers various ways to earn, including surveys, watching videos, and shopping online. Users earn points called “Swagbucks” that can be redeemed for cash or gift cards.
Survey Junkie
Survey Junkie focuses primarily on surveys, offering a straightforward way to earn cash or gift cards. Users earn points for each completed survey, which can be redeemed for PayPal cash or gift cards.
Toluna
Toluna provides opportunities to participate in surveys, product testing, and online communities. Users earn points for each activity, which can be redeemed for cash, gift cards, or prizes.
23. How Can a 12-Year-Old Sell Arts and Crafts Online?
A 12-year-old can sell arts and crafts online by using platforms like Etsy, creating a social media shop, or participating in online marketplaces, leveraging these channels to reach a wider audience. Etsy is a popular platform for selling handmade and vintage items, providing a marketplace for artistic creations. Creating a social media shop on platforms like Instagram or Facebook allows direct sales to followers. Participating in online marketplaces, such as Amazon Handmade or eBay, provides access to a large customer base.
Etsy
Etsy is a popular platform for selling handmade and vintage items, providing a marketplace for artistic creations. Setting up an Etsy shop is relatively easy, and the platform offers various tools for managing listings and sales.
Social Media Shop
Creating a social media shop on platforms like Instagram or Facebook allows direct sales to followers. This requires building a strong social media presence and engaging with potential customers.
Online Marketplaces
Participating in online marketplaces, such as Amazon Handmade or eBay, provides access to a large customer base. These platforms offer various tools for managing listings, sales, and customer service.
24. What Are Some Good Books to Teach 12-Year-Olds About Money Management?
Good books to teach 12-year-olds about money management include “The Everything Kids’ Money Book” by Brette McWhorter Sember, “Finance 101 for Kids” by Walter Andal, and “How to Turn $100 into $1,000,000” by James McKenna and Jeannine Glista. These books offer age-appropriate explanations and practical advice on financial topics. “The Everything Kids’ Money Book” covers budgeting, saving, and investing in a fun and accessible way. “Finance 101 for Kids” provides a basic introduction to financial concepts, such as credit, debt, and investing. “How to Turn $100 into $1,000,000” offers strategies for building wealth and achieving financial independence.
“The Everything Kids’ Money Book” by Brette McWhorter Sember
This book covers budgeting, saving, and investing in a fun and accessible way. It includes quizzes, games, and activities to reinforce learning.
“Finance 101 for Kids” by Walter Andal
This book provides a basic introduction to financial concepts, such as credit, debt, and investing. It uses simple language and real-world examples to explain complex topics.
“How to Turn $100 into $1,000,000” by James McKenna and Jeannine Glista
This book offers strategies for building wealth and achieving financial independence. It includes tips on saving, investing, and starting a business.
25. How Can a 12-Year-Old Develop Entrepreneurial Skills While Making Money?
A 12-year-old can develop entrepreneurial skills while making money by starting a small business, managing finances, and learning customer service, honing these essential skills. Starting a small business provides hands-on experience in creating a product or service, marketing it, and managing operations. Managing finances involves budgeting, tracking income and expenses, and making informed financial decisions. Learning customer service skills, such as communication, problem-solving, and building relationships, is crucial for attracting and retaining customers.
Starting a Small Business
Starting a small business provides hands-on experience in creating a product or service, marketing it, and managing operations. This helps develop entrepreneurial skills such as creativity, problem-solving, and leadership.
Managing Finances
Managing finances involves budgeting, tracking income and expenses, and making informed financial decisions. This helps develop financial literacy and responsible money management habits.
Customer Service
Learning customer service skills, such as communication, problem-solving, and building relationships, is crucial for attracting and retaining customers. This helps develop interpersonal skills and a customer-centric mindset.
Earning money as a 12-year-old is not only feasible but also a valuable learning experience. By exploring these opportunities, setting financial goals, and managing their earnings responsibly, young individuals can develop essential life skills and set themselves up for future financial success. For more comprehensive advice, tools, and resources, visit money-central.com, where you can find expert guidance and personalized strategies to help you thrive in the world of personal finance and investment opportunities. Remember to check out our articles on saving tips and investment strategies!
FAQ: How 12 Year Olds Can Make Money
Can a 12-year-old legally have a job?
Yes, but it depends on child labor laws that vary by state, often requiring parental consent and limiting the types of jobs and hours worked.
What are some safe online jobs for 12-year-olds?
Safe online jobs include participating in surveys, creating content on platforms like YouTube with parental supervision, and selling crafts on Etsy.
How can a 12-year-old start saving money effectively?
Start saving money effectively by setting a budget, opening a savings account, and establishing clear financial goals, like saving for a specific item.
What are the best apps for a 12-year-old to track their expenses?
The best apps include Greenlight, FamZoo, and RoosterMoney, which offer tools for budgeting, setting savings goals, and monitoring spending habits.
How can a 12-year-old avoid scams when making money online?
Avoid scams by being wary of offers that seem too good to be true, never sharing personal information, and seeking parental guidance.
Can a 12-year-old invest money in the stock market?
Investing in the stock market typically requires a custodial account managed by a parent or guardian, ensuring responsible and informed investment decisions.
What are some creative ways for a 12-year-old to earn money?
Creative ways include selling artwork or crafts, writing stories or poems for local publications, offering photography services, or creating digital art.
How can a 12-year-old balance earning money with school and activities?
Balance earning money by setting priorities, managing time effectively, communicating with parents, and ensuring schoolwork remains the top priority.
What skills can a 12-year-old develop by earning money?
Skills developed include financial literacy, responsibility, time management, customer service, and entrepreneurial thinking.
Where can a 12-year-old find resources to learn more about money management?
Resources include books like “The Everything Kids’ Money Book,” websites like money-central.com, and educational programs offered by schools and community organizations.
