Education

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).

How to Help Your Kid Prepare for Becoming a Lawyer

New York City is the city that never sleeps. And a city as busy as New York is a bustling mega center for lawyers. A respected and lucrative profession, law is a brilliant field for any to pursue. So if your child is looking to move into the field of law in New York, here are a few ways you can help them best prepare for what will be a difficult, yet rewards career path.

Personal Tutor

This is the most effective thing you as a parent cant provide for your child studying law. A personal tutor will allow them to go that step further with their studies. It is proven that one on one face time with an education professional improves results. They will be able to take things at their own pace, tackle topics that they are struggling with and get a unique insight into the world of law from a pro. With so many options, and everyone clambering to get the best tutoring in New York, don’t delay on this one and invest in it ASAP.

Routine

Children need structure. It aids their development and keeps them focused. And law is all about structure. So making sure your household is running on an organised, productive and nurturing routine is vital. Perhaps you limit the time they can spend on entertainment devices until a certain amount of studying is done. Try and have dinner at the same time every day. If they have chores to do, make sure they do them consistently and usually at the same time. This will install a deep sense of routine and order within them that will benefit their studies and eventual practice of law greatly.