Month: July 2012

Importance of a solid learning foundation for children

There are many things besides the basic necessities that parents have to provide their kids. It is very essential for them to provide safety, education, discipline, and unconditional love to their children. Once your children build up a strong learning foundation they will peruse a successful and happy life in the future. It is the duty of the parents to set rules for their children, and teach them morals and values and let them know all the knowledge that they need for their daily life. It is entirely the job of parents to guide their children and provide them a positive direction that they can follow. Kids must have a steady routine to follow daily; you must keep in mind that your kids are not grown and they can not make any decision on their own, so being a parent you have to make sure that the kids abide by your rules. Sometimes kids seem to be disobedient and in most of the cases this happens because they do not know what’s better for them. You have to familiarize your children with what’s right and what is wrong. It is simply impossible to make your children learn at once, it is a gradual process that may take years. Parents have to teach their child principles of spending a good life as they grow. Try to teach your kids right...

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Kids Learn to Manage Money

Throughout the Financial Literacy Month of April that is coming to a close, I was preoccupied with thinking of ways to teach my young children to be financially responsible. I do not want them to end up like many people in this economy who lose their jobs and find that they have no savings nor investments. According to one survey, 6 out of 10 workers have less than $25,000 in emergency saving and investments, excluding their home and benefits plan. Many of them have more credit card debt than emergency savings. Also, only 14% of Americans are confident that they have enough money to live comfortably in retirement. These statistics show that many Americans do not manage their finances – a skill that can be developed from childhood. With the economic reality our kids are facing in the future, it is not enough to just teach them to be smart, excel in academics, sports, music and make lots of money. It is also important for us to guide our children on how to be financially responsible, save, learn the benefits of budgeting, and avoid debt. Below are some tips on how to encourage your child how to management money wisely and develop beneficial habits such as saving, budgeting, and spending responsibly from money he receives: • A pre-school child can begin learning how to save when he receives gift...

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