money Archives - Homey App for Families
Tricks to Learn Better Saving Habits as a Family
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.
4 Skills You Should Be Teaching Your Children
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.
Big Spending: How to Begin Your Family’s Budgeting Journey
As daunting as the task may seem, building a family budget is important. Don’t complicate the task by trying to build a complicated spreadsheet, unless of course, you are an expert at this. Instead, old-fashioned paper and pencil can easily map the layout for your family budget. Below are five useful tips to help begin your family’s budgeting journey.
Tips for Teaching Kids Responsible Spending
A big part of teaching your kids to be financially responsible is to practice what you preach. Kids learn by the example that you set. If you are not committed to spending responsibly and using good saving and money habits yourself, your children are unlikely to learn this skill. Here are some ways to help your kids learn the value of money in real-life ways.
Help Your Kids Avoid Hasty Money Decisions
You have it all figured out, the kids are earning their own money and saving it. You seem to have figured out how to guide your children towards determining what a need and a want is. The kids seem to comprehend basic financial tips, they have a bank account and are earning money on a regular basis. Then it happens, something arrives on the market and your kid is ready to spend all of that hard earned cash on something without thinking it through. There are ways you can help kids avoid hasty money decisions, but you may need to read these tips to assist in guiding you so that you and your kids survive this scenario.
Better Ways to Teach Kids How to Save for Christmas Gifts
Children have the unique ability to re-ignite their parent’s excitement for Christmas all over again, as they dream of Santa’s visit and jump at the thought of presents under the tree. However, with so much “want” kids experience this time of year, the concept of value and working for what you have can be lost on little ones. By having them save to buy their own gifts for friends and family, you can help re-instill those values at this special time of year. Some tips for teaching them ways to save on gifts are given below.