Odd jobs mount up

Despite press reports that children spend all their time in front of TV screens or computer monitors, research has found that over a quarter of children aged 11 to 18 are earning almost £50 per month doing chores or jobs.

Babysitting and car washing were the most popular ways for young entrepreneurs to earn their money, with three in ten girls and a quarter of all boys saying that they could be paid for working.

Only three per cent of youngsters earned money by doing a paper round.

Steve Shore, head of Abbey Banking, commented: "The research shows that British kids are making the most of earning opportunities like New Year’s Eve and as a result, the 'odd job' economy is thriving.

"As well as giving kids a boost to their pocket money, this is a great way for parents to show their children the value of money and teach valuable financial lessons."

Homeowners should check that their home insurance policies cover any accidents that might result during babysitting, as well as checking the details of motor policies in case of car damage from car washing.

02/01/2008 21:28:31