Every once in a while I will make some jewelry. A bracelet, a necklace, or some earrings. It's not too hard. Just buy some beads you like from a craft store, with some jewelry making stuff (wire, clasps, earring hooks, etc) & some basic tools, and you're set.
I have loads of jewelry I've made and like to wear. If I especially like how something has turned out, I will often make an extra one or two and give them to a friend.
They have jewelry making kits for kids, too. So you can make more sophisticated stuff as your DD makes more kid-friendly jewelry.
P.s. One warning, though: it can get a little costly between buying lots of different beads, the few tools, and the other stuff you'll need. Mostly, though, it's the beads that will do you in if you're not careful! If cost is a concern, there are kits out there that contain the basics, along with some beads and other stuff.
Edited to add:
P.p.s I just saw the post where you mention your daughter is three. I don't know if any of the kits are for kids that age, but I'm sure I've seen ones that have big beads and plastic strings to make necklaces (with Mommy's help!).