“Good teaching is more a giving of right questions than a giving of right answers.”
– Josef Albers
It can be hard to encourage your teen to save if you find it hard to save yourself. Saving is a difficult habit to start but one of the most rewarding habits to have. So it’s worth the ‘trouble’ to get used to. Talk about your Success & Regrets Before we can motivate a teen, or anybody, for that matter, to do something, they have … Continue reading How to successfully encourage your teen to save
1 . Indulging in immediate gratification One way to remain broke is to constantly give in to temptation. How so? Well, whenever we give in to temptation, we lose another chance of saving those previous dollars. If we allow our children to see us fall in love with an item at first sight and buying it right away without giving second thoughts, they would expect … Continue reading 9 worst money habits parents unintentionally teach their children
While it is good, and even encouraged, that you share your money lessons with your children and involve them in the family’s financial planning, some of us might unknowingly go overboard. When this happens, the sharing no longer benefits our children but could instead ultimately harm them psychologically. When children are inappropriately exposed to adult financial problems and conflicts, they are left feeling anxious and … Continue reading How your money struggles affect your kids
Children really have no idea how much their family spend on various things both at home and out of the house. Today’s activity is for you to let your child/children estimate how much your family will be spending this weekend. You can choose either Saturday or Sunday or both. It’s really up to you. Download this activity worksheet before you head out for the weekend! … Continue reading Kids hands-on: Estimate the family's weekend expenditure {with printable}
We do not give our children allowance because we believe money should be rightfully earned. Now before you think my kids have to earn every single cent for their living, allow me to say that we do give them pocket money to school because that is a necessity. As for toys, sorry, that’s definitely not a necessity. So they will have to earn and save … Continue reading Why We Don’t Give Our Kids Allowance – The Importance of Work
My second son tried out basketball with some neighbourhood friends last week and oh boy, he was hooked when he managed to shoot 2 goals. He came home letting us know that he wanted a basketball. I was inclined to make him wait. I didn’t want to promote this instant gratification thing in our family whereby a child asks for something and he gets it … Continue reading Get Real With Money: I Want A Basketball [Show Kids How To Spend Within Their Means]
After lunch, the kids happened to want to visit a toy store today (Kiddy Palace). As we agreed to go in without buying anything (because I wasn’t going to buy them anything), my eldest said he wanted to check out if there’s anything he can buy with his piggy bank money. He has around $35 in savings. I said okay and we entered the store. … Continue reading Get Real With Money: Saving Up for X-box or Smartphone [Delayed Gratification]
Little ones will pay more attention to saving when they have cute piggy banks to look at everyday. They’ll definitely want to drop in a coin or two just so they can admire their cool DIY piggy banks. That’s when they start having the habit of saving. What more can you ask for? Here are some really beautiful DIY piggy bank ideas I found on … Continue reading DIY Piggy Banks To Make Saving FUN!
