Part of growing up is the willingness to take on more responsibility. For your teen, building trust is key to becoming more independent. As your teen advances into adulthood, they’ll begin to notice ways they can build trust by finding opportunities to contribute to their home, school and neighborhood.
Securing your toddler’s financial future can be one of the most important things you do for your child. It ensures that they have the financial means to support themselves later in life either because you saved on their behalf or because you taught them some important money skills. If you’d like to do more for your toddler’s future finances, here are some steps you can take.
Household chores are a great responsibility for you and for your children since chores can help to maintain the cleanliness and structure of your house. You probably request that your children do basic chores that they should be able to handle. However, a time may arise when your children refuse to do their chores. Here are some reasons why your children might be avoiding chores and some things that you can do about them.
Savings rates in the United States are abysmally low, and many Americans are just a few paychecks away from homelessness. While parents can promote saving money to their kids, oftentimes a positive banking experience early in life is the best way to promote smart money management.
One of the greatest life skills that you can learn and pass down to your children is how to effectively manage finances. Even if you do not plan on pursuing a career in math or a financial related field, this invaluable skill set will prove beneficial in many diverse ways. Here are four reasons why financial management is one of the most important skills that you can have for raising your family.
If you’re the parent of a high school junior or senior, preparing your child for higher education is likely on your mind. However, the financial burden is what gives many people pause. College can cost tens, if not hundreds, of thousands of dollars. While student loans might seem like a good option for those families who can’t pay out of pocket for their child’s dream school, they can be extremely hard to pay back.
If you’re an investor, you probably remember that specific time in your life when something—or someone—sparked your interest in making investments. You probably remember that first time and just how fascinating it was. As an adult, you likely realize that in many ways it’s still a remarkable endeavor, and you most likely want to pass on that interest to your own children. How do you go about doing it? How soon is too soon to teach your kids about investing? Here are some tips for you to consider.
One of the greatest joys of parenting is watching your baby grow up and become more independent. Though they’ll still need help in certain areas, things can be made far easier by them obtaining new skills. As a parent, you can show your appreciation through rewards. Consider rewarding your toddler for learning these three skills.
As a family, you may want to spend money from time to time on things that bring your family joy. Setting a specific budget that allows for expenditures on family happiness is very important.
If you have set up your household budget in a way that doesn’t allow for a little extra spending here and there, well then you should revisit your budget.
Today we are sharing 4 tips for spending money on family happiness. These ideas aren’t what you may have expected.