Old and new money lessons for kids | Money & Life

Old and new money lessons for kids One of the most important things you can teach your kids is how to manage their money as this will help them better face the challenges of adulthood. In our world of ever advancing technology, children often don’t see physical money being exchanged. In fact, some Scandinavian countries are even doing away with physical cash altogether. These days, money can be moved with the swipe of plastic card …

Deferring gratification

When it comes to teaching kids about healthy money habits, there are few lessons more important than being able to defer gratification. By helping kids learn to put off what they want right now and save instead, they’ll be better equipped with the skills to be financially secure adults. Deferring gratification While it is possible to help kids have a money-saving mindset by teaching them to delay gratification, it’s a lesson that can take time …

Are you a money pushover?

Are you a money pushover? Being loyal, generous and spontaneous are all positive human traits. But if you’re spending more than you need to because you can’t say no, then it could be time to own up to being a money pushover. Get tips on how to stop compromising on your finances and start standing up for yourself. If you’re shy about coming forward to collect money you’re owed and always the one picking up …

Teach Kids the Value of Saving and Budgeting Money

Teach Kids the Value of Saving and Budgeting Money Do you want your children to make the same mistakes with money as you did? Naturally, you want your children to learn from the mistakes that you made when you were young. If you learned the value of saving your hard-earned money the hard way, you should teach your children about the value of saving and budgeting money. Instill good habits in them now, before they …