Hey Teens, Get A Job! Tips For Landing Summer Side Hustles For Kids

NEW YORK (CBSNewYork) - With the school year winding down, parents are trying to figure out how to keep their kids busy this summer.

One way to do that: Get a job!

Financial adviser author Chris Carosa joined CBS2's Cindy Hsu to tell us why side hustles aren't just for adults.

Some simple starting points include:

  • Explore interests and develop hobbies
  • Develop hobby into a business
  • Solve a personal problem
  • Test the audience's potential interest
  • Test the market

Common summer jobs for kids includes:

  • Babysitting
  • Lawn mowing
  • House sitting
  • Pet sitting/walking
  • Landscape maintenance

Uncommon ideas for young entrepreneurs also include:

  • Organize the messy garage/shed
  • Empty nest cleaning
  • Sell used treasures on ebay
  • Monetize a YouTube channel
  • Act as someone's social media manager

Tax benefits for kids can include:

  • Won't have to pay Uncle Sam
  • May not have to pay payroll taxes
  • Roth version of a child ira

For more ideas, check out Carosa's book "Cradle to Retirement: The Child IRA," and see his website, ChildIRA.com.

Read more
f

We and our partners use cookies to understand how you use our site, improve your experience and serve you personalized content and advertising. Read about how we use cookies in our cookie policy and how you can control them by clicking Manage Settings. By continuing to use this site, you accept these cookies.