Financial Habits Your Children Must Learn

Financial Habits Your Children Must Learn

How many times have you heard the words; ‘I want this ‘ followed by a persistent tugging that will refuse to be ignored as you try to navigate supermarket aisles.

If you have ever had to suffer through one of these episodes, perhaps it is time to rethink how you have led your kids to perceive money.

We present super practical tips on financial habits your children must learn.

Get it yourself

Instead of lying that you don’t have money to buy certain toys and other amusements,  use the opportunity to teach your child a very vital financial lesson.

If it is really that important to your child,  ask him or her to save up lunch money over a few weeks and head to the store to buy it.

This is a very important lesson in financial discipline which is one of the financial habits your children must learn. You may find out that after the weeks of saving,  there has been a weighing of priorities and a decision not to splurge.

Even if your kid still decides to make the purchase, you have taught a valuable lesson about saving

Budget meeting

Trying to shield your children when the financial situation at home is rocky is very understandable. However it also means that you miss out on an opportunity to discuss financial habits your children must learn.

When  there are financial challenges, don’t keep quiet around your children, invite them to the discussion and tell them the state of things.

This way,  they can understand when you can’t buy a new set of toys or have to settle for a less expensive brand of snacks.

Practical

All these talk about financial habits your children must learn won’t get you anywhere until you decide to walk the talk.

Look for learning opportunities in your everyday activities to teach your children the place of money.

Take them on bank trips when you go to deposit money, open saving accounts for them and get a savings box at home where family members can make daily savings.

Getting a head start on these amazing tips is very key to building children that understand financial habits and principles.

SOURCE: https://allroundparent.com/2017/12/28/financial-habits-your-children-must-learn/

When To Teach Your Child About Sex

When To Teach Your Child About Sex

Sex education is one topic that several parents shy away from. Most especially here in Africa, it is regarded as a taboo to talk about sex to your child at a very tender age. So the big question arises, when should a parent talk about sex to his/her child?

The issue of sex is something that is of utmost importance, most especially in the society where we reside now. It has been the order of the day as several sex predators zoom the street and schools of your wards. Unknowingly for you, that family member or worker may the sex predator that the family does not know about. Is there a way out towards that regard?

From the tender age of talking to your child, little efforts can be taken to explain what sex is and where are private to your child. When reading those bedtime stories, have pet talks with your children on where can be private to them. This time little understanding of the major body parts can be explained to them.