Month: April 2020

When Should Your Teen Get His First Scooter

When deciding to purchase your son his first scooter, there are a number of things you should take into consideration as not all teens are the same. 

Does he show signs of responsibility? Owning your own transport is a huge undertaking, so before you invest a large sum of money into purchasing a scooter, you should consider how he treats his other belongings as that will likely reflect how he will treat the scooter.  Along with your teens’ responsibilities you should really consider whether or not he has incoming finance. Owning a scooter can be very expensive and when it comes to inevitable repairs in the future, you don’t want to be the one footing the bill. When it comes to initially buying the scooter you don’t want to spend lots of money, so it would be worth looking at sites where you can buy adult electric scooters in the UK for under £50. 

Though taking care of the actual scooter is something your teen should be focused on, he should be really aware of all the safety measures he should take in order to use the vehicle without worrying about having an accident. Every mode of transport comes with its own risks and you shouldn’t allow your teen to get on a scooter without being aware of the risks. You should also become aware of these risks too so that you can really gauge whether or not you’re ready for your teen to be on the roads. 

What is really important to consider is that there really is no set age for your teen to get a scooter. As long as you feel they are ready and they have all of the appropriate scooter knowledge to secure their safety, along with your trust, then they will be absolutely fine taking their vehicle on the roads.  

Fantastic Ways to Teach your Kids About Money

As sad as it may be, it’s true that nothing is really free. Considering everything seems more expensive than it’s ever been, there’s never been a better time to prepare your kids for the financial world. It doesn’t need to be overly complicated and it can even be made fun for your kids, but there are plenty of benefits in teaching your kids the value of money, even from a younger age. They’ll learn valuable skills like counting but they’ll also be able to appreciate you better when they understand that money can lead to limitations and everything isn’t handed to you just because you want it. It’s an important lesson and one you can get started on today. To help you along, here are some fantastic ways to teach your kids about money.

 

Allowances

Most kids are given an allowance on a weekly or monthly basis depending on their age. The amount tends to depend parent to parent, but it’s important to keep an eye on how much you’re giving your child and how much they have left just before their next due payment. It will help you get a gauge on how they manage their money, but if they’re kids, it probably won’t be done very well. But, that’s where you come in.

Savings

To really show your kids the benefits of managing their money, it may be worth teaching them about saving. To help you out, there are plenty of resources online to help you teach your kids about managing their finances. With things like the Revolut Junior account designed specifically to help get your kids started in being in charge of their own savings. You should also teach them the importance of having some ‘rainy day’ savings that they shouldn’t touch unless there’s an emergency. There are plenty of advantages to saving and by telling your child if they save they can have that game they’ve been wanting, it’ll shift a gear in their brain and make everything a whole lot easier.

Chores

The first suggestion has been a staple of parenting since its invention. Chores are an integral part of most people’s childhoods. It teaches our kids valuable skills they’ll need later in life and gives us a hand around the house. If your child struggles with their chores, it may be worth trying to present them to your child as more of a job, by including a small financial incentive, it will make your child’s work seem more valued and it also means they aren’t just getting money for doing nothing, which can lead to some more negative attitudes.

Open a Mini Shop

With their hard-earned cash, you might take it one step further and open a small shop with the snacks in the house, pricing each item and letting your child have a particular budget for each day. Doing this means you’ll be able to teach your kids the value of money and how to budget their purchases. You’ll also be able to earn your pennies back along the way (considering how expensive it is to run a shop, it’ll be well earned).