Slider

Important Money Lessons to Teach Your Kid

Your kids can grow up and become super money spenders and savers. You must create the right foundation. You are a responsible parent when you apply important money lessons to teach your kid. Otherwise, you might be as well set them to fail. It will take time for your kid to understand personal finance and money management. The best approach should be systematic. You need to gradually introduce the lessons from childhood and repeat them until teenage years. The child will understand the importance of money and then learn the good money habits. Here are the lessons.money saving habits

Give the kid small financial responsibilities

You need to let your kid handle small financial decisions so that they build their ability to make decisions. The kid should know a few of the consequences of making a bad decision. The financial responsibilities will grow annually. You can start by sending the child to a local mom-and-pop shop for them to get some groceries. They need to know how to pay and get their change. You can also give them money in the morning and ask for a report on their expenditure. You can encourage them to come back with the change after you finish shopping.

Teach banking

Banking is the management of money in an account. You can provide piggy banks as a start. You can also give them money to use and save. At the end of the week or month, the kid should tell you where the money went and what is available in the bank. They can use savings in the bank to plan for future expenditures such as buying an item. Instead of buying Christmas gifts for your child, you can give them some money to save from October to December and then take it out and go with them shopping for a particular gift. They will understand the essence of waiting before spending. They will use the lessons on delayed gratification to enjoy life.

Give them a job

getting a jobGive your children jobs so that they can earn their weekly or monthly allowances. Most people give their children allowances and wonder why they grow up with no idea of how to spend money well. The main reason is that you are spoon feeding the child. Meanwhile, you just need to teach them to earn money. When they know they are earning money, they will also think critically about spending it. They will not develop a feeling of entitlement. They will learn good habits about increasing their income. You should not be surprised when they go looking for a job and become financially responsible from a very young age. On the other hand, the kids who get allowances might be seeking those allowances when they are 40 years old.

Educate them about debt

Debt money can make or break homes. Learning early about the merits of debt may save your kids years of interest payments. If you are struggling with debt, then you should use that as your motivation to teach the kid more about the reason why people end up in debt, and ways of staying out, in case they find themselves deep in debt.

Healthy Living Tips Every Young Adult Should Know

proper daily exerciseOne of the most challenging things to do nowadays as a young adult is living a healthy life. This can be attributed to the fast-paced life that people live nowadays, plus the computerization of almost every aspect of the human life. You will realize that our soils are becoming more and more less-fertile, the seas and water bodies are becoming more and more contaminated and many people are spending more time in front of there computers or televisions.

There is no more useful personal interaction as more people are spending time looking at their tablets and mobile phones. This means that many people are just inactive most of the time. The food choices that we make is even more lackadaisical then they have never been. But worry not because below we highlight some of the tips that a young adult should know to ensure that they are living a healthy life.

Sleep enough

With the availability of endless entertainment available at the touch of a button, it is very easy for one not to have or achieve enough sleep. One can download movies, check e-mails, play games, chat with friends and do a couple of things. Without knowing it, it is possible for one to find himself on a computer or his/her cell phone deep into the night, eating into the time that one is supposed to be sleeping.

Most guys do not realize that sleep is one of the activities that we should undertake to stay healthy thus, not having enough of it is disastrous. Sleep is important as it allows our body metabolism to run at its optimum level. It also enables one to have a good memory, determines one’s mood the following day and during sleep growth hormones are released. This is why a young adult is advised to sleep a maximum of 8 hours to ensure that they sleep healthy.

Eating right

To stay healthy as a young adult, we are encouraged to consume a variety of fruits, veggies, complete proteins and even fats to ensure that our health is kept at its optimal always. It is advisable that we always endeavor to consume organic foods, but if it is not possible to access them, we should ensure that we eat fresh foods always.

Additionally, a young adult is encouraged to eat more often as opposed to observing the three traditional meal times. It is advisable that one consumes 4-5 small meals as this goes a long way in boosting the body metabolism and ensuring that the fat in the body is regularly burnt throughout.

Meditate

Ensure that you meditate on a regular basis. Meditation here is defined as relaxing to the extent of fully focusing on some issue. When you meditate, you can balance both your physical, mental and emotional state which is essential in enabling your body to release any stress. When you meditate you allow the feeling of calmness to flow through your body hence giving you revel in dealing with the daily stress.

Some of the other things that you should observe include: drinking the recommended amount of water, laughing, or ensuring that you are happy always, plus realizing the endorphins as required.