MoneyMagpie

Sep 19

Ways for families to make extra money

We often see money making as a solo venture, or something you only do with professional colleagues but why not make money with your families?

You can use your family unit to offer something that a lone individual could not, all the while spending time together. You don’t have to see the children as a drain on your money, they can help to bring cash into the home and have fun doing it.

Here are some ways for families to make extra money and save for the future.

 

How to approach making money as a family

A united family can be a serious force for good in all areas, including wealth creation.

Think about it: if you combine your individual strengths, including those of little ones even, you could be as competitive as a small business. In fact, you could BE a small business!

There are a few ways you can approach it:

  1. As a family you have a financial goal you want to reach, perhaps it’s a nice big holiday or a new car or a Ways for families to make extra moneynew kitchen. Having this to aim at can really help. Work out how much it is going to cost, write that amount on a piece of card and stick it up in the kitchen. You could even create a chart, like Blue Peter does, to show how much you have made towards that goal. It makes it into a game for everyone and the children will get excited coming up with ideas for getting to the goal.
  2. One or more of you could have a great idea for a business – maybe you’re already doing well baking cakes and selling them at a car boot sale, or your teenage daughter is already selling her homemade make-up online and getting more orders than she can fulfil – so it is time that the whole family got together and worked out how they can all get in on the act and make it work for everyone.
  3. Perhaps the family is in debt or just isn’t able to cover it’s costs. By having a family council, looking at the figures openly and then coming up with ways that you can make money together to deal with this situation together, you could find amazing ways to get the cash in as a family. Paying off a debt, even bit by bit, can create a strong goal for everyone and give impetus to your work.

 

Also, download our FREE ebook called ‘Help! I’m not made of money! Budgeting tips for stressed parents’ here

 

Come up with a plan

The important thing is to do everything as a family including:

  • Ways for families to make extra moneyLooking at the situation clearly and openly
  • Making sure every member of the family understands basically what is needed and what they individually can contribute
  • Having a brainstorming session – or several – where everyone comes up with ideas for making money
  • Picking one or more ways to bring in the cash
  • Making a plan of action with a clear set of instructions for each member of the family (even if there are just two of you!) as to what they need to do
  • Having regular get-togethers after this so that you can all work out where you are with the plans and what you need to do next.

Everyone is different and every family is different so what works for your family won’t necessarily work for others. This doesn’t matter as the only important thing is that you find a way – or ways – to make money that works for your family situation.

Here are a few ideas you could start with when you have your first family ‘council’ to decide what you should do to make money.

 

 

Make money from your junk

Ways for families to make extra moneyMost families accumulate a lot of possessions which eventually just become junk clogging up the house. Kids in particular often outgrow toys and belongings, so it only makes sense to make a bit of money from things the family are no longer using.

If you’ve got old books, CDs, DVDS and video games that are no-longer being used then there are plenty of sites that are willing to pay to take them of your hands. Zapper, for example, allows you to enter the barcode of your book, CD, DVD or video game and you’ll see instantly how much you’ll get for it. For more information, read our article on how to make money selling old books, CDs, DVDs and video games.

You can recycle all your old gadgets as well, for example sites like Empty Cartridge will pay you for your empty ink cartridges! See how much you could get for your old mobile here.
Ways for families to make extra moneyeBay will let you sell pretty much anything as long as you are honest about what you are selling, so it’s a great way to get rid of things you don’t need. If something is beyond repair, think about selling its parts, sell any cables you no longer need and don’t be put off if you fear something is too large to ship, you can simply select ‘collection in person.’ For more information, read our full article on how to sell things on eBay.

As social media continues to evolve there are an increasing number of ways to sell on Facebook and to sell on Twitter, and there are often advantages to not taking the obvious route – such as no-one taking a cut of your profits.

There are even a variety of apps, such as Snaply, which provide a platform for you to sell items locally. Download them on your iPhone or Android for free and upload pictures of outgrown clothes or long-forgotten toys. Much like eBay, you have a chance to value the items yourself and individuals in your area will then bid on them. The uploading process takes a matter of minutes and notifications will alert you when someone has expressed interest in your items. Everyone in the family can pitch in as their unwanted goods will help create a source of additional income for the family to enjoy.

Ways for families to make extra moneyIf you like to do things the old fashioned way however, then why not sell your stuff at a car boot sale. It will be a fun day out for the family and a great opportunity to teach the youngsters how you can make money selling your old stuff – helping your kids become ‘business savvy’ at an early age is something they’ll thank you for later! Just make sure you research the location, offer reasonable prices, operate within the law and enjoy stretching those selling muscles. For more information read our full article on how to sell at car boot sales. 

 

 

Get baking

Ways for families to make extra moneyCake and cookies needn’t only be made for your kid’s school events. Holding a bake sale is a fun way to make some money on the side while enjoying some quality time with the family as you whip up the batter and icing.

To keep the whole family entertained, bake something that everyone will enjoy, such as cakes and biscuits – there’s no harm in holding one or two back as a little treat for everyone after all the hard work is done!

Keep it simple so everyone can play a part and make sure everyone is having fun, you might just inspire a lifetime love of baking in your children. If you’re in need of some sale-worthy recipes check out our food blog – perhaps a ginger cookie or chocolate beetroot cake will be just the right thing to bring in that cash!

Just be careful when buying ingredients to make sure it’s not too expensive, after all the aim is to make a profit. Shop around for cheaper prices and don’t forget to tell the kids why you’re doing it because it’s a good lesson for future life. Find the best possible spot to sell your baked goods, there are not just car boot sales but also country markets, so find out how much it will cost and whether you think those visiting are going to be interested in what your family are selling. For more information read our full article on making money selling cakes, jams and sweets.

 

 

Make things to sell

Ways for families to make extra moneyActivities are a big part of entertaining children, so why not use that family time to create something that could contribute some funds towards this year’s holiday. Whether it’s a lamp jar light, child painted wrapping paper or a delicious granola concoction, you can all help in its creation and packaging.

Once the goods are made, head down to the local market with your merchandise or use friends to spread word of your products. Alternatively, set up a website online to showcase your items and invite people to buy your products there. Don’t forget the power of sites like Facebook, Twitter and Pinterest in spreading word of your creations either.

There are also sites set up specifically for people to buy and sell handmade goods. Sites like folksy, Coriandr and Not Mass Produced.com all allow you to sell your goods via their website for a small commission. There really are no limits on your creativity, you can make home decorations, jewelry, greeting cards or whatever else you and the family can think of! Organise yourselves effectively and you might be able to get a nice little profit while working together as a family.

 

 

Serve your neighbourhood

Ways for families to make extra moneyLook around your neighbourhood and see if there is demand for something your family could deliver. If you live in an areas where everyone has a garden, perhaps your family could offer a weekend gardening service. Or why not offer to wash a few people’s cars? It’s a great way to get out in the sunshine while making money and you’re likely to win the affection of your neighbours (assuming your prices aren’t too steep that is!)
Or, if most of the neighbours have a dog, you could bring in some cash by dog walking. Walking dogs as a family could be a nice little earner as you can earn roughly around £10-£15 per dog per hour. The more of you there are, the more dogs you will be safely be able to take and therefore the more money you can earn. Dog walking isn’t just work, it’s a great way to spend time with the family, to get exercise and to enjoy the company of man’s best friend (and don’t forget, they’ll appreciate it too!) You can promote your services on Gumtree, at your local pet shop, vet surgery or even register with an agency. For more information read our article on making money as a dog walker.

If you have the means to accommodate a pet, dog sitting can be another way to bring in some cash while spending time as a family. Put up flyers in local hangouts anWays for families to make extra moneyd spread the news through word of mouth. You can make around £6-£15 per dog, so there is real money to be made. It’s also great if, for whatever reason, you can’t have a dog full time as it gives you and your kids the opportunity to look after and enjoy the company of a dog. Plus it’s much nicer for the dog to be looked after by a loving family rather than locked in a kennel or stuck at home alone. Read our full article on making money from pet sitting here. 

 

 

Put on some events and sell tickets

Ways for families to make extra moneyOne for the more extroverted family perhaps, but if you are willing to put in a bit of groundwork, putting on a show for the neighbourhood could be a  great way to make some cash on the side. Invite some local children to get involved and help build up each other’s confidence as performers.

Sell tickets to the show to your neighbours and all the kid’s parents who will show up to support their kids and see what they’ve been working on. So whether you’re working on the choreography for the new local dance crew or that of the dramatic Wicked production, you have found to a way to contribute to the household kitty while also spending memorable moments as a family… just make sure the neighbours are having as much fun as you are!

 

 

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