Family Archives - Page 8 of 9 - Homey App for Families
Money Goals for Kids
While kids are quick to understand short term money goals, teaching them to set mid and long term financial goals may not be that easy. If you work to follow all of the suggestions we have shared here, then perhaps the financial goal teaching side of parenthood will be easier for you and your kids.
Children need to learn how to set money goals because they will become an adult at some point and it is smart that they learn to to start planning for their financial future now.
Here are some tips on how you can help your kids create their own money goals without much stress.
How to Explain Credit Cards to Kids
There’s much discussion about teaching kids to be financially responsible but what about credit responsibility?
There comes a time in every parent’s life when they have to explain credit cards to kids. While this may seem like something you don’t really desire to explain, it’s necessary.
Credit matters more than just the plastic cards you carry in your wallet or purse. It’s time to start explaining credit cards to kids so that they know the true impact of using such a plastic item.
5 Safest States to Move to in the US
Most people want to live in a safe city where they can protect their family from harm and feel comfortable going outside. It’s important to research the crime rates of each state and city before relocating.
If you’re planning to move anytime soon, here are a few of the safest states to live in per capita in the U.S. based on statistics.
Budgeting for Kids: How to Make Allowance Last a Week
While there is much debate about paying kids an allowance, there are many benefits to implementing it. Paying kids some form of an allowance during their childhood is an easy way to teach them some budgeting skills. As most parents know, lessons instilled during childhood can go a long way into adulthood, allowing your child to grow up being able to manage money more efficiently.
If you are someone who pays their children allowance on a weekly basis and finds that kids are blowing their cash way too quickly, then read on for some tips on how to teach kids to budget their allowance so that it lasts all week long.
The Difference between Responsibilities and Jobs
When discussing the difference between responsibilities and jobs for kids, it is defined rather differently than the adult world.
You see, parents set a list of specific responsibilities for kids that are expectations regardless of anything else. Responsibilities for kids could include being a good human being, cleaning up after themselves and just doing the everyday tasks that a human being should be responsible for, such as good hygiene.
Most parents would define a job for kids as something like cleaning the toilet or mowing the lawn. A job is something that goes up and beyond your everyday responsibilities.
What Should Kids Pay For With Their Own Money
There comes a point in time when your child will start earning their own money. Whether your child is earning money from chores or a part time job, if they start making their own cash it’s time to think about what they should be responsible for purchasing with their own money.
Children grow up way too fast and teaching financial responsibility and a want versus a need becomes an important role of parents. If your child has started earning their own money and you wonder what children should pay for with their own money, then read on to learn some things your child could become responsible for purchasing.
What Your Kids Learn When You Pay Them For Chores
One of the main responsibilities of a parent is to instil good values, morals and beliefs. With that being said, parents also need to teach children certain life skills that they can utilize in adulthood.
The debate of whether you want to pay kids for doing household chores or not has been an ongoing battle with no correct answer. If you are still teetering in the decision to pay kids for chores, then read on to learn what your kids learn when you pay them for chores. You may be surprised.
Should I Keep an Emergency Fund for My Teen?
Sometimes, teens get in trouble. In many cases, that trouble is taken care of in a manner that’s quiet and relatively simple. In other cases, the trouble a teen causes will interact with the adult world. Teens can be involved in legal issues that require them to be bailed out – and that job falls to the parents.
How to Stop Sibling Rivalry with Chores
Parents of multiple children will understand the concept of sibling rivalry when it comes to chores. Perhaps your kids are arguing over their younger sister being able to do less of a chore while they are stuck shovelling the pet mess on the front yard. Other times your younger kids are upset that they can’t do the big kid chores and so on and so forth. Sibling rivalry is a given when it comes to raising more than one child and yes, it often occurs over chores. Kids don’t think they are all that fun (How is that possible?), they feel you’re definitely not being fair, and want to do precisely that “easy and super-fun” chore that you so unfairly assigned to their sibling – again!
4 Ways to Teach Kids about Smart Spending
As parents it’s our job to teach our kids about financial responsibility. This means that you shouldn’t feel guilty for not buying junior that much desired video game or little Lilly that doll she’s been begging for. Even if you are a parent who makes enough money for those extras, it’s good to handle a little restraint. Kids are forever watching their parents. Kids comprehend more than parents give them credit for. As you work to practice smart spending habits, the kids will pick up some of those habits.