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(www.abndigital.com) As the world becomes more “earth conscious”, the movement has started to affect every aspect of our lives. From what we wear to what we …
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Responsible Spending Habits-Start In Childhood
Responsible spending habits should start in childhood. If we were all taught how to manage money as children then that good teaching should remain with us as we grow into adulthood.
As a parent we are responsible to our children to make sure they grow up to be productive members of society. One way to do that is to make sure they can manage their own money.
One way to do this is to assign chores to your children and if they complete the tasks you give them satisfactorily, in the time frame you have set then they earn an allowance.
Giving children an allowance for a job well done can be very beneficial for your children, in a number of ways.
For starters, it gives them a sense of accomplishment that they did do a good job and introduces them to the concept financial independence.
Just giving them an allowance does not mean your job as a parent is done, however. Now they must learn about responsible spending and the art of saving money for the things they want.
They may get some instruction on this in their school but the best way to ensure they learn this valuable skill is to teach them at home. Include them, if you want to, to the weekly or monthly bill paying. Let them see what you do to keep the roof over their heads and food on the table.
It might be a good idea to take them to the bank and open up a savings account and teach them how to save a little off of the top of each week’s “pay”. If they are young enough when this is started tell them they will be able to save enough for whatever they want in the future.
It is never too early to start planning their financial future, or even their retirement, at a young age. The sooner the better as a matter of fact.
Learning to set goals in life is as important as learning to manage money. If there are goals set and they reach those goals they will see that anything is possible if they put their mind to it. Even if it is just the latest, greatest toy that comes down the pike.
Parents who do pay their children an allowance can even offer to match whatever funds they manage to save to make major purchases as they get older, like for their first car.
They are no hard and fast rules when it comes to giving children an allowance. You can set an amount to be paid for each individual chore completes or just give a lump sum stipend at the end of the week like you get from your employer.
The amount settled on can often depend on the age of the child. For example the older child may receive slightly more than their younger sibling. Of course, the older child may also have more responsibility as well.
Learning about saving and responsible spending is a something that we should all learn as children so we can take it with us into adulthood.
America And Responsible Spending-Financial Crisis Of Epic Proportions
The United States is headed for a financial crisis of epic proportions. If the words America and responsible spending doesn’t send you into fits of laughter or bouts of despair, I just don’t know what would.
The United States currently owes more than sixteen trillion dollars. That is the number 16 followed by twelve zeroes. Twelve!
I just do not think you can say the words ‘America and responsible spending’ in the same sentence without including the phrase, “yeah, right!”
So what does the average American learn form all of this from our own government? Not much good, let me tell you.
Now, the average American does not owe that much to his creditors compared to the national debt but whoever decided to tell Americans that the American dream was to be in debt up to their behinds was completely misinformed.
What happens to John Q. Public when he gets behind on his bills and can’t find a way to pay them? Someone comes and takes something away from him. His car gets repossessed or his house goes into foreclosure.
Maybe, if he still has some income coming in and hasn’t lost his job yet he can work hard at getting his outstanding debt in order by learning to do it himself or calling a credit counseling service to teach him how to manage his money better.
If none of this works or the debt is just too big then there is also the last resort of Chapter 7 bankruptcy.
The best thing about a credit counseling service is the fact that they will get all of the collection phone calls stopped and will try to negotiate a settlement with the lenders and other creditors.
This can relieve some of the stress of the whole situation so you can have the opportunity to just stop and think about it all clearly for a change. You may even be able to come up with a solution of your own if that happened.
The bad thing about a credit counseling service is the fact that their services do not come free. You have to pay them for helping you out of a bad situation. This may be a difficult thing to do when there is not enough money to go around to begin with.
Anyone can get themselves out of debt if they really put their minds to it. The first thing to do is to free up as much money as you can. I don’t care if it is only five or ten dollars a month.
Pick a bill and send them that extra cash with your regular payment. Then when that bill gets paid off use all of that money to pay off the next one on the list and so on and so on until you are debt free.
America and responsible spending may be out of reach for the government and the country a sa whole but if you set your mind and budget to it, it isn’t for you. Fix your American dream by becoming debt free.
America And Responsible Spending-Financial Crisis Of Epic Proportions
The United States is headed for a financial crisis of epic proportions. If the words America and responsible spending doesn’t send you into fits of laughter or bouts of despair, I just don’t know what would.
The United States currently owes more than sixteen trillion dollars. That is the number 16 followed by twelve zeroes. Twelve!
I just do not think you can say the words ‘America and responsible spending’ in the same sentence without including the phrase, “yeah, right!”
So what does the average American learn form all of this from our own government? Not much good, let me tell you.
Now, the average American does not owe that much to his creditors compared to the national debt but whoever decided to tell Americans that the American dream was to be in debt up to their behinds was completely misinformed.
What happens to John Q. Public when he gets behind on his bills and can’t find a way to pay them? Someone comes and takes something away from him. His car gets repossessed or his house goes into foreclosure.
Maybe, if he still has some income coming in and hasn’t lost his job yet he can work hard at getting his outstanding debt in order by learning to do it himself or calling a credit counseling service to teach him how to manage his money better.
If none of this works or the debt is just too big then there is also the last resort of Chapter 7 bankruptcy.
The best thing about a credit counseling service is the fact that they will get all of the collection phone calls stopped and will try to negotiate a settlement with the lenders and other creditors.
This can relieve some of the stress of the whole situation so you can have the opportunity to just stop and think about it all clearly for a change. You may even be able to come up with a solution of your own if that happened.
The bad thing about a credit counseling service is the fact that their services do not come free. You have to pay them for helping you out of a bad situation. This may be a difficult thing to do when there is not enough money to go around to begin with.
Anyone can get themselves out of debt if they really put their minds to it. The first thing to do is to free up as much money as you can. I don’t care if it is only five or ten dollars a month.
Pick a bill and send them that extra cash with your regular payment. Then when that bill gets paid off use all of that money to pay off the next one on the list and so on and so on until you are debt free.
America and responsible spending may be out of reach for the government and the country a sa whole but if you set your mind and budget to it, it isn’t for you. Fix your American dream by becoming debt free.
Responsible Spending Habits-Start In Childhood
Responsible spending habits should start in childhood. If we were all taught how to manage money as children then that good teaching should remain with us as we grow into adulthood.
As a parent we are responsible to our children to make sure they grow up to be productive members of society. One way to do that is to make sure they can manage their own money.
One way to do this is to assign chores to your children and if they complete the tasks you give them satisfactorily, in the time frame you have set then they earn an allowance.
Giving children an allowance for a job well done can be very beneficial for your children, in a number of ways.
For starters, it gives them a sense of accomplishment that they did do a good job and introduces them to the concept financial independence.
Just giving them an allowance does not mean your job as a parent is done, however. Now they must learn about responsible spending and the art of saving money for the things they want.
They may get some instruction on this in their school but the best way to ensure they learn this valuable skill is to teach them at home. Include them, if you want to, to the weekly or monthly bill paying. Let them see what you do to keep the roof over their heads and food on the table.
It might be a good idea to take them to the bank and open up a savings account and teach them how to save a little off of the top of each week’s “pay”. If they are young enough when this is started tell them they will be able to save enough for whatever they want in the future.
It is never too early to start planning their financial future, or even their retirement, at a young age. The sooner the better as a matter of fact.
Learning to set goals in life is as important as learning to manage money. If there are goals set and they reach those goals they will see that anything is possible if they put their mind to it. Even if it is just the latest, greatest toy that comes down the pike.
Parents who do pay their children an allowance can even offer to match whatever funds they manage to save to make major purchases as they get older, like for their first car.
They are no hard and fast rules when it comes to giving children an allowance. You can set an amount to be paid for each individual chore completes or just give a lump sum stipend at the end of the week like you get from your employer.
The amount settled on can often depend on the age of the child. For example the older child may receive slightly more than their younger sibling. Of course, the older child may also have more responsibility as well.
Learning about saving and responsible spending is a something that we should all learn as children so we can take it with us into adulthood.