Youth Day Pocket Money Market at the V&A

Join us on Youth Day 16 June for a bumper Pocket Money Market at the Watershed (Mezzanine area) at the V&A Waterfront from 11:30am to 2pm. At 2pm we will have a short talk from the Two Oceans Aquarium as the PMM goes plastic free and then awards for Entrepreneur of the Day as well as 7 category winners and the lucky draws.

Here is the provisional trader line-up and the ads are up on Facebook too: https://www.facebook.com/pg/PocketMoneyMarketSA/photos/?tab=album&album_id=1887361234813014 (Likes count towards the award so please like your favorite and share away.) Heaps of fab Father’s Day gifts!

Stall Name Goods for sale
Cook & Craft Peanut Brittle, Eco fire lighters, Magic Carpet Cleaner, Urchin Jellyfish, Dip if you Dare activity, Fresh sprouts, catnip cat toys.
Sticky Bubblegum Headbands, hand made cards, bookmarks, self made funky room decor like cushions, bookends and snowglobes, self made handbags, home made lip balm
Made It Pretty by Peyton Washi tape notebooks, pencils, notepads, gift tags
Handcrafted Greeting Cards (birthday / baby / teacher / Christmas / thank you)
Tic Tac Toe (natural stones in a cotton bag)
Roll-a-dice and WIN
Love Stones
Sweetastic Creations by Kyra Mixed meringues, mini biscuits, sweet shots, jelly. Hair ties and braclets for kids.
The Soap Cellar natural soaps, shampoo, handwash, dog shampoo, giant bubbles mix, lip balms and a raffle for a Shaun the Sheep soap!
Beauty , arts & crafts Sticker pictures, Ceramic potted succulents and terrariums.
Khaya’s Emporium Twiggit candle holders (R 15-50), Stone Lights- tee-lights (R 15), Macrame lanterns and plant holders (R 30 – 60), Message in a peg (R 15), Handmade picture frames (R 15- 30)
PoPsockets We sell pop sockets, a phone accessory that enables you to easily hold your phone and mount it on the ground. Available in various colours and styles.
Helena’s Yummy Treats  Biscuits and caramel squares, choc blocks.
YouButterflyMeVintage Vintage clothing
Hello Jewelry made with beads
Emily’s Sweet & Savoury Cheese grillers.
Creamed spinach pop tarts. Butternut & feta pop tarts.
Cinnamon & sugar ring donuts. Coconut ring dounuts.
Decorate your own cupcake.
Aneeqah’s Party Packs Party Packs
My Take by Hannah Cards, Necklaces and Sun Catchers.  Campbell – Chili Paste
Made By Teens Upcycle item: Vanilla Scented Shell Candles
Upcycled Cereal Boxes into Masks for Fun
Combo: Homemade JuJu sauce
King’s Fooseball arcade  Games
Oni’s Healthy Kids Corner  Healthy luchbox snacks & healthy habits charts
SA Cool Trading Kids  Fresh produce, Good dog Biscuits, Book exchange & Crafts
Robert’s Plants  Succulents
Gabriel’s Mucky Stuffs  Worm tea, seedlings, free range eggs,  Sunflower eggs/cups, Wick Planters
Cambell’s Chilli’s  Chili paste
Face Art Face Art paint
Sweet Tooth Brothers Waffle rolls, jam and cream tarts, peanut ring bisquits, apple crumbles, jam bisquits, glazed bisquits. Honey cake, Chocolate cake (22 cm). A raffle with Chocolate Happy Father’s Day cake (27 cm).
Angel’s Delight Muffins, Cupcakes, Lamingtons
Sherbet drawstring bags, moonbags and socks

For the first time the kids have made video ads too – check them in action here: https://www.facebook.com/pg/PocketMoneyMarketSA/videos/

Awards are as follows:
1) Entrepreneur(s) of the Day
2) Best advert (Likes on Facebook will count towards this)
3) Best display (Stall presentation)
4) Accounting Excellence
5) Product innovation
6) “Greenest” Stall (Environmental awareness)
7) Excellence in sales skills
8) Busker of the Day
Others may be awarded at judges discretion.

We have an awesome line up of young buskers too and are super lucky to have musician Zenn Viljoen joining as coordinator and MC.

 

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Just a few ads to give you an idea, but please visit the Facebook page for the full line up.

Young Entrepreneurs Pocket Money Market is an NPO aimed at helping children develop the skills to become self employed. Free workshops, startup assistance and ongoing support are provided. At the moment we are about one third “outreach” and the earnings are often an essential part of the household income. We run unfunded and need volunteers and sponsorship like air.

For more information please contact 0833840590 or mail linda@livelightly.co.za. For bookings and nation wide availability scroll down to the next post.

 

pmm

The following market will be on 24 June at Longbeach Mall and there are free workshops covering 5 modules in the holidays. Book via www.pocketmoneymarket.com.
We strive to light a spark & nurture a spirit of entrepreneurship in order to grow a sustainable economy. We are very environmentally conscious with no single use plastic permitted and awards for sustainable products. While there are a few entrepreneurship courses out there, this is very practical empowering the kids to overcome real obstacles and earn real cash. We also take kids from as little as 5 and there all workshops and training are free. Traders are encouraged to pay a small stall rent to teach the concept of overheads (Max R50) but only when they have become profitable and can afford it.
We run at one third “outreach” and these kids receive start up assistance and ongoing support, transport and general help. All kids get free workshops and individual business training. Because growing a sustainable place based economy feels like the best thing to be doing round about now.
Volunteers and sponsorship always welcome. On Friday we have 16 outreach lids and I would love to give them each R30 “lunch money” to spend. If anyone feels like contributing to this it would be awesome.

V&A ALL ADS

Each trader will sign a plastic free pledge as we ban single use plastics at the PMM #Everyoneiswelcome to #bethechange as we have a group pledge at 2pm with Two Ocans Aquarium.

Plastic Free Pledge traders.jpg

Many MANY thanks to the V&A Waterfront for hosting us!

See you at the market!

Lin

Market report back and future plans

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Sooo, I must apologise, I am about 3 reports behind. I’d love to do them with the amount of detail as I used to, but Murphy’s Law, whenever I plan a market some paid work turns up and that has to take priority! So rather than get even further behind, here is a short report of the 5th September Pocket Money Market at Bay Primary and another call for Young Reporters, Young Photographers and Young Film Makers to take up the challenge! I have had coverage on radio and TV so it’s a great platform just sitting there…waiting for you.

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Many thanks to all, especially those who travelled so far. We had people who came from far and wide which was amazing. Great kids, clever products and a fun day. It was the first time I have joined another event so a learning curve but on the whole all good I think. As it was a food fair fundraiser, the Pocket Money Market could not sell food…quite a limiting factor. Lots of green fingered folks out there however and there were plants galore!

We had a tight schedule for prize giving so the costings sheets were somewhat rushed and I am having some difficulty working them out, but love the calculations and little notes some kids have left me.Too cute, really! I would like to start a bit more detail on this and hope the parents will take this part further at home too. I am also going to get a LOT stricter on how much help parents are allowed to give at market day…at this stage it reflects in the awards so parents who do too much…take note please;) You may be “Young at heart” Entrepreneurs, but its all about the kids. Thanks so much to Bay Primary School for having us and to everyone who supported, but most of all to every young entrepreneur – you are all amazing! Please scroll down and see the rest of the report with the pics in the captions below:

Kidz Biz: Kian, Ruhan & Grace - Wow, real pros. 6 pages of stock sheets, I think about R300 net profit at the end...some delightful calculations;)
Kidz Biz: Kian, Ruhan & Grace – Wow, real pros. 6 pages of stock sheets, I think about R300 net profit at the end…some delightful calculations;)
Red Hill Cool Kids: Khanyo, Jeremiah & Edrige...Our first outreach stall. They made R180, reinvested R30 and took R50 pocket money each...small beginnings of big futures.
Red Hill Cool Kids: Khanyo, Jeremiah & Edrige…Our first outreach stall. They made R180, reinvested R30 and took R50 pocket-money each…small beginnings of big futures.
Kid's Stuff: Michael, Stephen and Lisa...Awesome profit of just under R600. Well Done. And big thanks to mum who really worked hard too!
Kid’s Stuff: Michael, Stephen and Lisa…Awesome profit of just under R600. Well Done. And big thanks to mum who really worked hard too!
Winner of the best display...First boy to win this ever. Well done Robert!
Winner of the best display…First boy to win this ever. Well done Robert!
Half an hour before the market opened and everyone was finished setting up already...First time ever. I do always try and warn everyone that kds can't really do more than 2 hours, I'd advise actually setting up later to be honest.
Half an hour before the market opened and everyone was finished setting up already…First time ever. I do always try to warn everyone that kids can’t really do more than 2 hours, I’d advise actually setting up later to be honest.
Rawk...there is a prize for you still! Product innovation with these
Rawk…there is a prize for you still! Product innovation with these “beautiful message in a bottle” Jars
Shifaa won a salesmanship award...totally knows her plants and gift of the gab! Well done!
Shifaa won a salesmanship award…totally knows her plants and gift of the gab! Well done!
Isabella and Ruby
Isabella and Ruby “All Sorts” Marketing Winners.

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Michale and Stephen: The Gangly Gnomes. I love these clever Ideas made from things that cost nothing!
Michael and Stephen: The Gangly Gnomes. I love these clever Ideas made from things that cost nothing!
Katie of Crazy fun cartoons...a very cool concept, well done!
Katie of Crazy fun cartoons…a very cool concept, well done!

I’d love more photos if anyone have, please mail me at linda@livelightly.co.za.  And please join the mailing list to recieve market notifications here: https://docs.google.com/forms/d/1r7HUidHTxEyypAN_C04l5ZNLtWjPAn_HPcZ9y8cwEbg/edit?usp=drive_web

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If anyone is keen for a market in your area please get in touch.

Our format includes basic age appropriate costings and profit calculations, a premarket advert requirement which can also be their market sign. Awards are based on creativity and salesmanship among other things…judging is not so much about earnings. A nominal “rental fee” of R20 introduces the concept of overheads. Children from age 3 to 16 are welcome. Each child gets a certificate of participation so there are no losers.

As always I am constantly looking for sponsors, partners and feedback. I am passionate about this project and even more so about the new outreach part of it.

Next date is Sat 24  October with a big outreach craft session in the morning and a market in the afternoon…LOADS OF VOLUNTEERS needed of all ages.  Donations of cash or anything we can use to make things with and ideas all welcome, I plan to stock 10 outreach stalls for 40 children. I hope to make it a fun day and all the kids can get together too. Busking and performance art spaces will be on offer and as always any fundraisers are welcome for free.

Please check out the pics on Facebook https://www.facebook.com/media/set/?set=a.1652328258316314.1073741837.1591673784381762&type=3 and give the page a like and share. For those of you on Twitter check out https://twitter.com/LiveLightlyKids too.

In closing, I run this with pretty much zero resources, sometimes on borrowed bucks and my sister Nikki is my team. It’s a real dream to take it up several levels and I have grand plans. My joint aims are to empower a generation of independent earners with more choices while bringing real income to needy households via the outreach arm. I really believe much of the crime committed against children happens because their parents spend such long hours working and commuting leaving children unsupervised, and if we could generate home based income this would make a meaningful difference. Apart from the obvious lack of jobs which makes self employment a necessity. I do, however have to earn a living so this gets odd scraps of time (Yes its 1am as I type this) and its far from perfect. But at least its happening…my two refrains are “Use what you have” and “Nothing ever happened sitting on the couch.” Seeing what a big deal the first earnings they took home was to the Red Hill Cool Kids has already made it a win for me. But I do need help…do-ers not talkers though. So if that’s you, give me a shout on 0833840590. You can check out the links to my qualifications and back story in the “About” section of this blog and let me know if you want to see the “masterplan”. Bank details are optimistically there somewhere too.

Thanks a mil for all the support so far!

We are off to Reforest to plant trees later this month so taking a little break, but always plotting and planning the next move. Check our Arbor day TV show here     Part 1:youtu.be/Tz4X8bSxjBg?a Part 2 http://youtu.be/a6Vu61gil8c?a

Oh one last thing…I am crowdfunding with Greenpop to get to Rocking the Daisies, please donate a tree if you can at R120  http://www.givengain.com/activist/144447/projects/11178/ One of my fave bands is out from Aus – The Cat Empire…am determined to get there.

Sjoe…if you read this far, well done! Thanks.

L x

pmm 5 Sept Bay

Linda Wilson

0833840590

Web: pocketmoneymarket.com

Twitter: @LiveLightlyKids

Facebook: PocketMoneyMarketSA

Radio: http://www.capetalk.co.za/articles/4416/know-about-a-project-that-encourages-enterpreneurship-at-a-young-age

1# How the Pocket Money Market began

I think we all have times where we just can’t figure out where all our cash went. I am sure parents find this especially challenging. It is simply amazing how quickly an ice cream here or a bouncy ball there all just add up.

When my daughter turned six, I opened her a bank account. It is linked to mine, with very low fees and I’ll go into those details a bit later. She gets a monthly allowance and all her birthday and Christmas money paid into the bank. She has a card and can swipe and pay or draw at the ATM. Most cashiers are really sweet and patient while she keys in her pin and writes her “signature” on the slip.

She feels empowered and responsible. I save a ton of cash as she has to pay for all her own treats that fall outside of what I have agreed to pay which I will also get to in a later post. It is absolutely amazing how many things she now does not really want, if it’s coming off her account. The sweets consumption has halved. Purchases are carefully considered and quality has become a major consideration. We view her transaction history online regularly and she has a good understanding of her spending patterns, interest earned on savings and costs of transactions.

There has also been an evolutionary process. After some saving, her 8th birthday and Christmas, it seemed like the money would never run out. I was aware of some spending that I considered reckless or wasteful and tried to warn her that buying all your buddies ice creams was a bit over the top, but it fell on deaf ears. The independence went to her head a bit and as the amounts were not serious I thought I would just let it run it’s course. And so the day came where the account ran to nearly empty and allowance day was still two whole weeks away. Total devastation! There is no teacher like reality.

So the next phase in our financial education began. I refused to give her an advance on her allowance, but agreed to help her to earn some cash. Not by doing chores though, as these are a standard requirement. She had to come up with a plan to make something to sell or provide a service that had value. She is pretty crafty and quickly had a number of items lined up. One thing lead to another and I landed up holding our first “Pocket Money Market” for young entrepreneurs in our garden. It was an amazing success with children from 3 years old to 16 years old and I will post the detailed report separately.

And so the Young Entrepreneurs Pocket Money Market came into being. I have researched this concept and found nothing for younger children, only really for teenagers. Well, we have clearly seen massive interest and meaningful advantages in nurturing entrepreneurial skills from really little, especially in a country facing the challenges that South Africa has.

It is now my intention to expand and roll this out first in the Cape and with a little luck, nation-wide. In to next few weeks I will share information on:

  • How much pocket money for every age is appropriate and what they should be required to fund from this.
  • Various banking package options and how to maximise the benefits
  • Related benefits and spin offs like lowering junk food consumption, developing mathematical and accounting skills, purchasing decision making processes.
  • Age appropriate business training info packs and tips including market research, product development and accounting – all in a fun, kid friendly format.
  • Actual events and Pocket Money Markets in different areas that you can attend and the children can earn real money, win awards and be introduced to marketing, upselling and competition.

I invite all interested parents, children, business people and possible mentors to participate in a variety of ways. If there are any companies or institutions that would like to offer any sponsorship that would also be fantastic.

Please follow this link to the brand new Facebook page for the report and photos of our first Pocket money Market: https://www.facebook.com/media/set/?set=a.665072270269926.1073741859.528753983901756&type=1.

You are welcome to mail me at magic@livelightly.co.za

Cheers

Linda

Young entrepreneurs at just 3 and 5 years old!
Young entrepreneurs at just 3 and 5 years old!
Careful counting of change and explaining that a float is not profit!
Careful counting of change and explaining that a float is not profit!
Award time, tough decisions!
Award time, tough decisions!
One of the proud winners
One of the proud winners