Browsing CategoryChildren

Teaching Your Child to Budget Money at an Early Age

The Importance of Teaching Your Child About Budgets Although every parent enjoys spoiling their child from time to time, it is very critical to their future to teach them how to live off a budget and shop cheap. Even if your family does not require a budget, it does not mean that your children will never struggle as an adult. You do not necessarily have to keep your child shopping on a fixed income, but it is ideal to show them the very few differences between brand named items and item on the shelf below. By helping them learn to…

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How to Boost Your Kids’ Money Smarts this Summer

Wondering what to do with all that quality time with your kids over the summer? Why not use this year’s summer break to boost their financial IQ? According to a Barkley report, Gen Z has an overall spending power of $100 billion. Marketers might be rejoicing, but parents are likely not. Without financial smarts to know how to manage their finances, your kids will be prey to ad campaigns aimed at taking money out of their pockets. Debt, bankruptcy, and money woes could follow. Fortunately, there are now resources for helping individuals climb out of situations like filing for bankruptcy…

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5 Tips to Throwing the Ultimate Child’s Birthday Party

There’s nothing more special than a child’s birthday party. Or, at least, in theory. In practice even the most well-coordinated birthday plans can go up in smoke under the wrong circumstances. And no parent wants to deal with the fallout of an underwhelming birthday party –– let alone the disappointment of a young child. With that in mind, we’re here to provide five tips to ensure that your kid’s next birthday party is a smash hit: Eschew the Surprise Surprise parties might sound good on paper, but they come fraught with logistical problems. Not only is it difficult to keep…

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Want to Plan Your Summer on a Budget…with Kids? Here’s How to Do It

It’s June, and unless your school district goes year-round, summer vacation is upon us. Whether you’re a parent who looks forward to a break from school activities and the hustle and bustle of a set schedule or you’re one who cringes at the prospect of being your children’s “activity director” for three months, we all know that our kids can’t sit around and play on their iPads for 90 days straight. It’s a fact that comes with a lot of emotions, ranging from fear of how you’re going to fill your days to anxiety about how you’re going to pay…

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Parents: 3 Essential Pieces of Financial Advice to Teach Your Kids Early and Often

Parents pass down a variety of things to their kids; some of them by nature, and others by nurture. However, when it comes to financial health and wellness, all parents — regardless of whether they have a family net worth valued in the millions or thousands — should make it a top priority to ensure that their kids understand, embrace, and adopt the following three essential pieces of advice: 1. Saving is Spending — On Yourself Some kids think that saving is pointless (I believe the proper technical phrase is “like, so lame and unfair”) because it seems like a…

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How the Miracle of Compound Interest Helps You and Your Family

If you ask people what are some of the greatest discoveries in history, I am sure they will leave one which helps your family off the list.  This is a discovery that allows your money to go to work for you.  While this sounds like a great thing, the fact that so many people are barely making ends meet nowadays means that they have completely forgotten about compound interest. That’s right, compound interest, that miracle of mathematics which helps your money to grow when it is invested wisely.   What makes it so powerful is that you don’t need to be…

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Four Things Any Student Needs to Have a Great Term

With a new term starting, there are a few ways that parents can encourage students of any age to do their best. There are some things that will benefit any student and lead them to do well as they get into the habits of studying, writing papers, and preparing for tests. Here are four Student essentials any child needs to have the best term they’ve ever had. A good night’s sleep every night of the week Children’s brains are still developing, and in order to allow that development, they need to get more sleep each night than adults do. While parents…

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Insurance Isn’t Just About Health: Keep Your Family Covered Inside the Auto, Too

Everybody operating a motor vehicle needs car insurance, but not everybody wants to get it. That’s understandable. With so many companies offering vehicle insurance, the prospect of shopping for the right provider can be daunting, never mind actually purchasing a plan. But aside from the legal requirements, there are many arguments in favor of getting auto insurance. Protect What Matters Even the cheapest vehicle represents a major investment by the buyer, which should lead them to consider all options for car insurance coverage. They’re not just purchasing a way to get from Point A to Point B; they’re getting something that…

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Teaching Your Kids Solid Money Habits

Source While you’re working on building and maintaining your own financial house, make sure you don’t forget to help your children lay the framework for a stable financial future. Financial habits are much easier to maintain when you start early and understand why they’re good habits in the first place, which is preferable to a period of trial and error. Here are a few tips to help your kids help themselves to a bright financial future. Model Proper Financial Behavior Before you can start teaching your children good spending and saving habits, you’ve got to make sure you know and…

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Listen Up: 4 Ways to Give Your Students a Say in the Classroom

When you picture your ideal classroom, does it involve vibrant discussions, debates and collaboration? Or does it look like a cut-and-dry lecture with you standing at the head of the room talking as your students take notes with their heads down? Probably the former, because you want proof that your students are engaged and feel their fair share of ownership in the classroom. The real magic happens when students feel like their voice is a valid part of their classroom community. Suddenly they understand that they have a choice in everything from how they tackle their academics to the classroom…

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