When your children reach ages six, seven, and eight, they start to want toys that you never thought to buy them. Up until that point, they probably took what you got and played with whatever it was, but that is going to change. They have very specific likes, and they may know more about what is out there than you do. You don't want to run out and buy them all this stuff without them having some sense of having to earn things. Otherwise, they are going to be lost as adults. Instead, look for easy ways to earn extra money that they can do at home or with people that you trust.
The ways to earn extra money for children are many. What you have to do is take their maturity and age into consideration. All children this age can have a few chores at home that they do, just for the betterment of the family. They should not get paid for these chores, just like Mom and Dad do not get paid to do the dishes or mow the lawn. It is just stuff that needs to be done. However, they can earn extra cash by taking on a few more age appropriate chores as extras on top of what they already do for the family. Don't make them too hard, and don't pay too much.
Children around eight years old can help load and unload laundry, fold some laundry items, clear the table and fill the dishwasher, and they can also pick up their own room. Depending on how mature they are, they can do some sweeping and dusting too. Look for ways to earn extra money for them above the few chores they already do well. You can see if they can handle vacuuming some rooms in the house, doing some light mopping, and walking the dogs, if you have any. They could also be responsible for feeding other pets twice a day.
Children older than eight or ten can do even more chores. Make sure the amount of chores they do for free is not overwhelming for them. Add things as ways to earn extra money on top of the usual, just as with younger children. They can do more complex things, again, depending on maturity. They can mop all floors, sweep, vacuum, empty and fill the dishwasher and/or do dishes. They can also help with lawn chores like raking and picking up trash. Perhaps you can also pay them for things like washing the car once in a while, or helping you clean up and sort out things in the garage, attic, or extra storage room.
Paying children can be tricky. If you try to give them ten cents for mopping the kitchen, they are going to lose interest. However, if you pay them ten dollars to do it, they are going to think all effort get extraordinary returns. That is not always the case in life. Perhaps you can pay them a dollar each time they do it upon your request. Finding ways to earn extra money helps them learn to pay for their own things, but also shows them that work is rewarded, and experience may bring more money. Pay them accordingly and they will learn a lot and get a few new much-wanted items in return.
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