Teaching Your Kids The Value Of A Dollar
Bella Breakdown Raising kids can be tough but one of the toughest things you need to teach your kids about is money. Children are very impressionable at a young age which is why they need to be educated on being financially conscious. Author of the book ‘Make Your Kid A Money Genius,’ Beth Kobliner, gives parents some tips on teaching your kids the value of a dollar. Kobliner says that the number one thing to focus on is waiting and patience with spending money. The key idea is that we wait for things that we really want which leads...
Staying Out Of Vacation Debt
Bella Breakdown Sometimes, you know you just need a vacation, but you often look in your wallet and know that you just can’t afford it right now. You might be really tempted to make a very common vacation mistake: putting your vacation on your credit card. I hate to break it to you, but like everything else, if you don’t have your own money for a vacation, you probably won’t have money to pay off your credit card. So how do we make sure to stay out of vacation debt? 1. Save! Even if it takes a while, create...
Tips For Teaching Kids Financial Literacy
Bella Breakdown It’s important to start teaching children about money and its value at a young age. Bank of Montreal’s Omar Abouzaher says some parents wait too long to teach their kids financial literacy, and that parents can start early by explaining what it means to save, and then build on that foundation. Waiting until the child is older, and then cramming as much information into their brains as possible, is not the route to go. That way, they can learn the simpler ideas about saving and money when they are young and can begin to implement more complicated...
Affordable R&R: Relaxing Staycation Ideas That Won’t Break the Bank
Budget-Friendly Summer Staycation Inspiration There are many reasons we choose not to go on vacations. Of course, we enjoy the relaxation and pampering. However, the financial stress, the thought of traveling with children, and the hassle of traveling in general are often deterrents for people. However, there are many ways that are more affordable and have fewer hassles that allow you to still have a great time! Visit friends or family. Taking out the cost of a hotel, as well as some meals is a huge money saver. If your relatives have kids the same age as your own,...
Dollars and “Sense”: How to Raise Financially Savvy Kids
How To Teach Children Good Financial Habits! Parents work really hard, and do a great job of teaching children important life skills, which eventually prepare them to be productive and capable citizens of the world. We teach them proper manners for different situations and how to drive a car, along with an endless list of other necessary abilities. However, one thing that many kids are lacking in is the skill of how to manage their money. Whether it’s because you feel that children aren’t ready to learn how or that you don’t feel you would be a good teacher (maybe you have...
