If you are a parent who doesn't know where to begin when discussing proper money management with your children these videos are great to incorporate during family time. Watch the videos, let your children repeat what they learn and implement the practices each day.
While figuring an allowance it's prudent to contemplate which chores can be attached to receiving money. Yes, you want to make sure that your child knows that in order to receive you must be willing to give. Too often parents are creating entitlement within their children without knowing.
September is the month for you to ask as many questions as possible as well as inquire about your child's 529 College Savings Plan. While you're getting your financial house in order take the time to invest in your child's education. A little bit can go a long way.
It doesn't matter the combination when it comes to taking care of business and making ends meet. There are many parents who share joint custody, but the children primarily lives with either one or the other. For most, the primary custody belongs to the mother.
Children emulate the behavior and actions of their parents. They learn their facial expressions, mannerisms, style and financial behavior. If you want your child to grow up with a certain responsibility then you need to begin with yourself.
Financial behavior begins earlier than we know. It either worsens or improves as we become adults. Even then, sometimes there's no hope for the economic turmoil that is unavoidable. It's time to become aware of your actions, finances and potential growth.
Recently, I was watching a family show. The intro was endearing until it got to the plot. The plot consisted of two [teenage] girls opening a checking account. The bank provided both of them with a debit card. The girls had no regard to financial responsibility. You guessed it…shopping trips to every store they liked!… [Read more…]
You’ve been preparing for this moment for years. The cap and gown are purchased. The open house is scheduled and the road trip to college is dreadfully planned. Your child is officially an adult. But wait…what about credit responsibilities? College students should learn the fundamentals of establishing credit before entering campus. Like most parents, you… [Read more…]
It’s no secret that children learn financial habits from their parents. When you complain about not having money so does your children. In order to break the cycle, it’s time to teach children proper financial responsibility. One of the best way you can teach your children about money is to: 1. Assign chores. 2.… [Read more…]
Reported by Bahiyah Shabazz, MBA Each day families try to think of ways to save money and spend quality time with one another. Moms and dads are so concerned with making ends meet that they aren’t regarding the feelings of their children. Love doesn’t cost a thing and neither should your time. As the detail-oriented,… [Read more…]
Reported by Bahiyah Shabazz, MBA Vegetable gardens is the old “new”. Families are thinking of ways to streamline their household grocery list and take control of their diet. It’s simple, economic and easy to maintain. Gardeners have the luxury of planting their favorite vegetables and herbs. It also involves the children to assist in knowing… [Read more…]
Reported by Bahiyah Shabazz, MBA Many school districts in multiple counties are contemplating shortening the school week. For some, this has become a reality. The economy is to blame along with the downward enrollment. The economic crisis is transitioning from the workplace, home and now schools. The one environment where students felt consistency is becoming… [Read more…]
April 26, 2012
2