Archive for the ‘money’ Category

Discipline a Teen

All parents who are raising teenagers in today’s hectic world know that disciplining them can be tricky. You have to weigh the punishment with the crime and make sure you are constantly enforcing the rules. But many parents lack the skills to effectively discipline their teen. Learn how to discipline your teen and be assured that they know exactly why they are being disciplined.

1. Talk to your teen about what he did. You first must discuss with your teen what they did and why they are in trouble for doing it. Do not yell; this will only make them tune you out. Instead, casually and calmly explain to them why they are in trouble.

2. Let your teen know why his action or behavior was unacceptable and why you are going to punish him. Your teen is likely testing boundaries and anxious for direction. Let him know what he did was wrong and that he is going be punished for the unacceptable action or behavior.

3. Decide on an appropriate punishment and make sure that the punishment fits the crime. Whether it is grounding or revoking privileges, make sure the punishment is something he will remember and will associate with his behavior.

4. Stand firm and enforce the punishment. Your teen will try to do anything and everything to get out of his punishment once it has been handed down to him. You must stand firm and enforce the punishment so the lesson is learned.

Saving Money When It Comes To Your Children

Children are perhaps the most expensive toys anyone can have. Kids are high maintenance even before they are born. You breathe a sigh of relief once they’re past the infant formula and diapers phase. Then you find out that you breathed a sigh of relief too soon. Pre-school starts and another round of expenses begins. How on earth can you start saving money when it comes to your children?

While children are arguably high maintenance, they are without a doubt one of the greatest, if not the greatest, source of joy any person on this planet can have. Children bring a certain magic into the lives of their parents, transforming them, making them want to be better persons. Once you have a child, you have seen the future.

Any parent will want what is best for his or her child. This is but natural for parents to feel. So plan ahead.

Start an early savings plan for your child. Open an account specifically for your little one. This doesn’t have to be a whole lot of money; you just need to get started. Every little bit you put in will add up over time. This is especially true if you put your child’s money in a high yielding savings account.

Add to your child’s savings account using an auto debit arrangement. That way, you won’t ever forget to deposit his seed money at any time.

When your child grows older, encourage him to save money on his own. This will teach your child the value of thrift, a very valuable lesson to learn given today’s fascination with consumerism.

Parents often fail to teach their children how to be financially wise. Save a lot of money and heartache by teaching them the basics of budgeting early on. When they grow older, you won’t have to bail them out of financial trouble.

Teach your children about jobs. In their case, school is their job. A job they must do well. You can save a significant amount of money if your child does not repeat a grade due to a lack of effort. You can also save on tuition and other costs if your child earns an academic or sports scholarship. The lesson here is teaching children to be responsible.

Involve your children in the savings scheme. This doesn’t just mean that they add to their savings account. Have them actively think of ways of cutting back on things that are not really necessary. Make saving money a game. Children love games and will participate better if you make saving money fun. The lessons you are trying to impart will be absorbed by children faster this way. Since each game has to have a winner, let the children have a good chance of winning. Make the prize something they will really look forward to and watch your self be amazed by the results.

Children learn best by example. If you would like your children to save, they should see you saving too. Show them by example how you save resources by turning off appliances and lights that are not in use, reusing materials and generally conserving resources.

Keep the kids healthy. Invest in vitamins, regular check ups, vaccines, healthy food and the like. Most kids are growing up obese because parents don’t know how to keep them from consuming junk food. Obesity will lead to health problems. Step away from that trend and start on healthy living right now. If you start the trend in the family, the kids will follow.

Saving money when it comes to your children requires careful thought and planning. Take the time and reap the benefits.