Allowance has been a topic of debate for years. Some parents feel that by giving a child money for their work, they will learn to value things. However, the concept of working hard isn’t always about the reward. It’s imperative to make sure you’re teaching your child the valuable lesson of working hard.
If you are a parent who feels obligated to pay your child for doing his/her chores, you might want to reconsider your actions. Your child has to learn that not everything we do comes with a reward and that our motivation for doing things should originate from a deeper place.
The first thing every parent seems to do is blame themselves for behavioural issues that arise with their kids. While every parent has one mission and one mission only, to raise their kids to be well rounded, good mannered, intelligent adults, there’s still a piece that parents overlook. No matter how much you work to teach your kids, they still have that little element of personal choice. Kids can be taught to be more responsible but it will take them a few mishaps to learn how to truly be accountable for their actions. Today we want to discuss a few strategies to help your kids become more responsible, this alleviates the parents feeling as if they failed and helps guide the kids forward to being responsible, well-rounded adults.
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.
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.
One subject that can impact your kids’ life well into adulthood is financial education. Most school systems don’t teach any financial skills, but parents should.
You can start by teaching your kids banking words so that they grow up to have a well-developed education in finance and understanding of what is going on with their money. You can practice them with your kids by having a relaxed conversation with your kids when they accompany you to the bank.
Here are some basic banking words that are often used in everyday life, so your kids should soon get a chance to hear them or even use them.
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.
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.
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.
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.
A natural, or green, lifestyle is becoming more popular among parents and non-parents alike.
This is becoming more evident with the rise of natural cleaning products that you can either buy or DIY easily with products you probably already have at home. You can find many recipes for different cleaning products – from homemade dish soap, floor cleaner, bathroom cleaner, window cleaner to laundry detergent.
If you’re interested in maintaining a clean home safe for your family members and you’re still on the fence, here are a few reasons you should use non-chemical based cleaning products in your home.