Cashing In On Summer!

Summer vacation is right around the corner, where kids have months on end free from school or any other responsibility. Fortunately, there are a few ways to have the kind of summer break that builds memories without building debt. You can use these months to teach your children valuable lessons about financial responsibility, spend quality time together as a family and save (or make!) a little money along the way. Try activities like these five for a fun, financially responsible summer!

Have a yard sale

If there’s one lesson to impart to children about saving, it’s that less is more. Encourage them to find one or two things per day that they could contribute to a yard sale, then have it at the end of the month. Show them how to do research to price items, and have them work the cash box. All of these are valuable skills that can help them with summer jobs in the future!

Start a (very) small business

One way children learn the value of hard work is to earn a wage for doing a job. Business services will vary, but demand for many services is higher in the summer. Businesses need window washers. Elderly neighbors may need help with weeding, mowing, planting or other landscaping projects. The business doesn’t need to make a lot of money to be valuable. In addition to quality time, your children can gain an appreciation for the hard work.

Fix up the house

There are tons of great, simple projects that you can tackle as a family to improve the efficiency of your home. Some of the easiest, like installing a new front door, can be done in an afternoon and improve the aesthetic appeal and insulation of your house. These are great projects to tackle as a family.

Plant a garden

Believe it or not, planting a garden is one of the most cost-effective things families can do together. For every dollar you spend in green bean seeds, you’ll get up to $75 back in fresh produce! You can pickle, dry, preserve or can the extras and sell them to friends and neighbors for an even better return! Planting a garden doesn’t just save money. It can also be a way to encourage your family to eat more vegetables. Tending and caring for a patch of vegetables can be a great way to build responsibility and have fun outdoors this summer!

Plan a stay-cation

The best parts of a vacation are the shared experiences, and there’s no need to go too far to get those. Find a local festival or cultural event, and plan a vacation in your home town! Check out local historical sites and museums, eat out at nice restaurants and come home to your own beds at night. You can even enjoy the great outdoors in your own backyard! Set up a tent and sleeping bags and start the grill! Don’t forget the s’mores!

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