Expecting a baby soon? Worried how you’ll be able to manage in the limited finances after it’s born? Worried about your child’s higher education? Well, we have the solution to your problems. At teachmoneytochildren.com, not only do we help you sort out your financial problems but we also explain as to how to go about explaining to your child the need to save money for a rainy day!
Soon you may be incurring expenditure for diapers, baby soap, cradle, cots and the works. Within a few years you will be preparing for clothes, shoes, education, sports equipment, dates and bikes. We need to finance our children not only till the time they are in university but also until they start earning substantially. Therefore, the need for our intelligence in saving rises substantially.
Planning
Money does not grow on trees and we all require more than what we have. Therefore, it is essential we plan for our child’s education. It should be pre-planned so as to bear the cost of what our child chooses to do in the future. Planning helps in appropriate allocation of resources to the required areas.
Teaching the child
It is very essential to teach the child about managing finances. Giving the child pocket money and allowing them to make small personal expenses and then explaining the need to control expenditure and savings. And as a child grows up a bank account should also be opened so that he can learn the details of banking as well as managing his money.
Basically, two things need to be done simultaneously - the children should be taught the power of money and the things they can buy and at the same time also telling them to refrain from spending on whatever they desire. They have to be taught that a balance can lead to success and an imbalance otherwise.
Investing for the future
Certain investments should be made in the name of the child maturing with the child and ready-to-use at an age when required. Further, at an age when the child is in his late teens he should be allowed to make a responsible choice of taking financial loans for his needs whether educational or otherwise. Such efforts enable the child to realize the value for money making them more responsible and aware.
Exploring various options
While sending children to college it should be taken care that all colleges have been carefully explored and scanned and all benefits such as scholarships and needs-based grant monies should be taken advantage of.
To have a successful financial life for your children, make the right moves now and bear incredible benefits in the future.
18 Kids And Counting Episode Guide
1. Establish limits on how much TV your children watch. You should do this at a very young age but even if your child is older and has already got used to watching too much TV it is not too late to start putting limits on TV watching time.
It is recommended that children under age 18 months do not watch television at all. While this may be difficult for you if you are a couch potato yourself, you may find that cutting back on TV is good for you as well.
For children between the age of 18 months and three years of age, I recommend no more than 1/2 hour of TV per day. And for that 1/2 hour you should choose something such as Sesame Street.
For children between the ages of 3 years and 6 years old, I recommend setting the limit at 1 hour of television per day.
After age 6 you can set the limit at 2 hours. That should be good limit for your child throughout their developmental period. Once they get to their teen years you may want to become more lenient as teens may rebel against too much control.
2. Watch TV with your child instead of just leaving them to watch it by themselves. When you watch the TV with your child, they are less likely to go into a harmful "TV trance." It's good for you and your child to discuss what is on the screen. This will make the experience more interactive.
3. Never offer TV as a reward. You shouldn't associate television as something that "good children" get to watch. You should also not use taking away TV as a punishment. When you use TV as a punishment or as a reward it places too much importance on TV in the first place.
4. Set a positive example. If you watch a lot of TV then obviously it will be much harder to convince your children not to do the same. Cutting back on TV is not only a great thing for kids, it's a great thing for adults as well. When you are more plugged into life and less plugged into mindless television then you will be a better parent and a better person all around.
5. Select non commercial programming for your children to view. The most harmful part of TV for kids isn't the programs themselves, it's the commercials which teach them to desire junk (both junk food and junk toys.) Either have your children watch PBS shows only or have them watch discs that are free of commercials! Commercials truly rot the brains of children. keep your kids away from commercials as much as you can.
The negative impact of commercials is hard to calculate. I think it's possible that a large portion of today's child obesity problems stem from commercials which make children desire junk food. Obviously making sure your children eat healthy is another topic but I do think that by making sure your kids don't watch a lot of television commercials you will be able to lower their desire for bad food which will make it that much easier to get them eating the right foods.
Both Mansi Gupta & Robert D. Thomson are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Mansi Gupta has sinced written about articles on various topics from Tax, Business and Finance and Vacation. Mansi gupta writes about kids and money ..Learn more at .http://www.teachmoneytochildren.com. Mansi Gupta's top article generates over 90500 views. Bookmark Mansi Gupta to your Favourites.
Robert D. Thomson has sinced written about articles on various topics from Dog Care, Real Estate and Dental Practice. Lisa P. Quesenberry is an expert on parenting who contributes to the baby blog.She recommends that you. Robert D. Thomson's top article generates over 2240000 views. Bookmark Robert D. Thomson to your Favourites.
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