As your children continue to age, it is vital to start familiarizing them with critical financial concepts that will impact their future lives. One area that you should consider educating them in are mortgages and how they can help someone to buy a home. There are several tips that someone can follow that can help them to teach their kids more about mortgages, and set them up for financial security for the rest of their lives.
When it comes to entertaining kids when the weather is so bad it keeps them stuck indoors, you don’t have a better friend and ally than the internet. The web is an endless resource for activities and ideas that can entertain kids while stimulating their minds. You can even find ways to wear out hyper children with the help of the internet. We’ve gathered some of our favorite ways to keep kids entertained all in one place so you have plenty of great ideas for the next rainy day.
From flies to mosquitoes, wasps, mice and more, there seems to be no end to the list of critters and pests trying to take up residence in your home. Some may be drawn into the house because of a food source, and others may be trying to seek shelter from unpleasant temperatures, rain or something else.
Saving money is the first step to true financial freedom. You cannot live life financially free if you need to borrow money often or are creating more debt than you can pay off. The problem so many families have, is finding a way to save that works for them. There are so many different methods, and it sometimes takes learning the tips and tricks of the trade, trying, and failing a few times before you find a way to save as a family. If you’re in this together, you are more likely to succeed.
There are so many things that children need to know as they grow up. It can seem overwhelming as their parent, especially when it comes to teaching them to be safe and responsible. Here are a few areas that you should be focusing on.
There is much talk about how to define a chore that perhaps you pay money for a child to do, versus an actual responsibility which is more about teaching necessary life skills. When you’re trying to figure out what jobs will be assigned and what duties will be everyday responsibilities, it’s important to think about the difference between the two. Today I’m showcasing the differences between jobs and responsibilities, the way they work in our family. Maybe it helps you assign jobs and responsibilities to your children.
Developing a confidence in financial skills within your children is not be completed overnight. This concept of teaching kids to be good with money, so that they learn to be financially savvy is a work in progress through all of their childhood. With that being said, there are many ways we can work with kids to help enhance their money skills. To have some fun with kids while educating them on money matters, you can try a board game night. There many board games on the market that enhance money skills, here are just a few ideas for family board game night that will help enhance your kid’s money skills.
You may have grown up in a household where kids were not a part of the everyday budget planning. Back in the day parents were more private about financial matters, but I’ve found that involving kids at an age-appropriate level with household budget plans helps them become financially savvy adults. While I’m not telling you to divulge all your household finances, perhaps there’s a middle ground where you can include kids in the household budget plans. Today we’re sharing some tips on how you can include the kids in this process so that they have stronger comprehension skills when it comes to money management.
Good money management is the foundation of any successful family. You should always make withdrawals using money you already have, instead of money you haven’t earned yet. Most of us know the basics but putting good financial habits into practice is often a different story. Review several tips to help you overcome a family-wide financial emergency.
The role of a parent is to teach their kids valuable skills such as manners, social etiquette and smaller tasks like tying their shoelaces or brushing their teeth. A parent’s job is never ending but oh so rewarding. But, one of the areas that many parents neglect to focus on is teaching their kid the importance of a credit score. Your kid may think a credit score is just another number that doesn’t matter or they have no idea what a credit score is. This all depends upon how involved with the finances your kids have been. Today I want to give you some tips on how to teach kids the importance of a credit score.