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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.
Five Home Apps Every Family Should be Using
Being a parent and homeowner is not easy. Raising a family takes a lot of work and responsibility and keeping up with regular home maintenance and repairs can quickly take a backseat to child-rearing and daily tasks. Luckily, there are quite a few tools available to help, and they fit perfectly in your palm. Here are five apps every family should be using.
Hands-on Money Teaching Tips for Parents
Teaching your kids about money is no easy feat.
In addition, many of us parents themselves aren’t that great with money to being with. However, teaching basic skills like tracking spending, budgeting for purchases, and saving for long term goals and emergencies doesn’t have to go into much theoretical details. Learning can be practical and hands-on.
Today I’m sharing a few tips on how parents can use hands-on money teaching concepts to encourage kids to be financially savvy.
How to Explain Money to Kids in a Digital Age
Our previous advice of using see through jars to explain saving money to kids, and showing differences between each coin and bill is still valid. But the truth is, that the physical object of money has started to disappear. Digital age brings us even more use of credit cards. And it also adds to the mix smartphone apps and other methods to pay for items without handing over actual cash (or anything – not even a card). This can make teaching kids managing money a lot more difficult. You can’t only teach them about the physical paper and coin money. Kids will need to learn more about money in the digital age. Today I’m sharing a guide to help you explain digital money to kids in a digital age.
How to Teach Kids about Interest
Teaching kids about interest with bank accounts and saving money isn’t easy. This is something that may work best in visual, hands-on approach.
Today we are sharing a few tips on how you can work to teach your kids about interest. It’s important kids learn how to be responsible with money and how to invest it properly into a savings account or, as they get older, a retirement fund.
Here’s our advice to get you started in the direction of teaching kids about interest.
Don’t be a Hoarder: Tips for Keeping Clutter to a Minimum
It sometimes seems like clutter just sneaks in when you are not looking. You tidy your home in only to turn around and find that things have begun, once more, to collect and pile up. Believe it or not, there are ways to deal with this insidious creep and stop it before it begins. Here are a few simple rules to get rid of the clutter and prevent yourself from becoming a hoarder.
Why is it Sometimes Good to Pay Kids for Chores?
The discussion of whether or not to pay kids for chores is an important topic to address. While the opinion on this subject varies from home to home, there is a benefit to paying kids for chores. Those households who pay for chores use the logical reasoning thought process that adults get paid to do their job, so why not pay kids to do their job as well. The other side of the picture thinks that kids shouldn’t be paid to do chores as they should be a part of life skills they simply need to learn to survive as adults. While both sides of the discussion have valid points, today I wanted to share a few reasons why paying kids for chores is beneficial for certain things.
What Kids Learn from an Allowance
Many parents struggle with teaching their kids about money because they don’t feel confident about the financial side of life as it is. There are some households who immediately feel an allowance is the right answer. They want to ensure their kids get a weekly allowance based on a list of chores that have to be completed. Then there are other households who feel chores should be a part of the kids’ day to day life because they need to be taught responsibilities. There is no correct answer when it comes to providing your own kid an allowance or not, it’s all about what works best in your household to go along with your views on this subject.
Vents Should be on Your Winter Home Maintenance List
There’s nothing quite like coming in from playing in the snow and warming up by standing over or under one of the vents for your HVAC system. In many ways, it’s like a warm hug from your house to you. Ensuring those vents stay clean, then, is an integral part of regular winter maintenance, to provide plenty of air can come through and keep your home nice and warm.
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.