4 Ways to Teach Children the Responsibility of Money

As our children get older we are focused so much about protecting them for the safety, but what about their financial safety as well?  One day they will start to make their own money, own homes, get married, and hopefully live financially responsible without making bad financial decisions like missing payments, going to debt, or excessive spending, so it is up to us to teach kids about money as early as possible so they can not only take financial responsibilities seriously, but to make the right decisions.

Live Within Your Means

The simple reason that we go into debt is that we are spending much more than what is coming in, so it is important to teach the importance of living within our means of what we can afford.  Each family’s situation is different, but we want to stress the importance of appreciating what you have, and also giving to those less fortunate as well.  Teaching the fundamentals of a budget could be a great way to ensure that you spend what you can afford by allocating certain funds and not going over budget and pulling from other areas or backing with a credit card.

Stay Organized

Organization is key when it comes to handling the household finances, keeping track of not only which bills are due when and how much, but making sure you can continue to afford.  Eliminating unnecessary purchases is a great way to free up extra money each month, and a way to ensure is to making a shopping list prior to leaving the house, and sticking to that list while at the store.  It will make your trip more organized by looking for what is on your list, as well as not having your budget thrown off by extra purchases (and even forgetting items you went to get in the first place).

Find the Best Deal

If we were to price match when I was a kid, it would entail driving across town to store to store to look at the best deal, so by the time you factor in your time and gas prices, was it even worth it.  With online shopping at our finger tips, you can price compare from site to site and have the best deal out there within minutes, whereas before it could have taken all day driving around.  Only problem with online shopping is there is so much, and it never clothes, so willpower needs to be key.

It’s Ok to Seek Help

We as adults may think we have all the answers, but we still don’t, so no matter what age you are at, it’s always good to consult a family or friend that you trust to divulge some financial tips, as well as a professional as well.  If you are having money troubles, spending beyond your means, and falling into debt, waiting will only make it worse, so it’s good to keep someone in the loop that you can even bounce ideas off, or to make sure you’re following the correct path.

Signs You Might Be a Little Too Cheap

There’s a difference between being frugal and being cheap.  Even being frugal has its quirks where it could be easy to be made fun of when it comes to spending money, or lack of, as well as re-using items that you probably should throw away, but being cheap is just a whole other level.  I’ve been around cheap people in my life and I told myself I would never be that way, so look out for signs that you might be a little too cheap.

Suffering Without Air Conditioning

August is really the hottest part of the summer, so …

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The Ins & Outs of Online Trading Courses

When you are stuck in a dead-end cubicle job, you are looking for any viable way out. Enrolling in online trading courses is key to becoming a profitable day trader, which can give you the financial freedom to say goodbye to the office job that you never loved.

With Warrior Trading you can enroll in day trading courses that put you onto an accelerated path that can bring you to a viable level of profitability, without taking up too much of your time. The key is being able to absorb and understand the Warrior strategies of momentums day trading, swing …

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Ways to Stop Stressing Over Money

Whether you have money or not, it can be the cause of much stress in your life.  Often people try and figure out when it means that you are officially an adult, and I’d say by the time you handle your own finances, because it is no simple task.  While it’s not good to have stress in your life, you get enough with work and family that you do not need one more thing to add to the list, so try your best to avoid, although it may not be easy.

Be Prepared in Case of an Emergency

You …

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It’s Never Too Late to Improve Your Personal Finance

Whether you are new to keeping track of your finances since you have gotten a job out of college, manage the family funds, or are working your way towards retirement, it is never too late to improve your personal finance.  Many of us do not keep a budget, which can be scary for the fact that we could not be imposing spending limits on ourselves and probably minimizing how much we are saving, never a good thing when it comes to saving for the all-important retirement years.

Get Spending Under Control

Really, the primary way to free up extra cash, …

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4 Items to Avoid at the Dollar Store

Don’t get me wrong, the dollar store can be great for many items, with prices significantly lower than other full-priced stores like Target.  You can get reduced prices on gift bags, greeting cards, and holiday decorations.  Hey, it’s even a good place to fill gift baskets for office Christmas presents.  What stores like Target have going for them though, is the quality, and there’s no comparison when you go into a dollar store.  There any plenty of items that are perfectly fine to buy at the dollar store to save money, but there are certain items to avoid

Food (for

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4 Ways a Career in Accountancy Could Send You into Early Retirement

Not all accountants make an enormous success of their careers and some end up struggling to pay their financial way during the latter stages of life. However, there are accountants who are very wealthy thanks to their career choices and there’s no reason why you can’t follow them. Have a look at some of the below ways a career in accountancy could send you into an early retirement.

1.      Demand for Accountants Is High

While not all qualified accountants get the early retirement option, there are many opportunities available in accountancy and many of them offer excellent salaries. For example, …

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4 Ways to Save at the Grocery Store

Before you grab your shopping cart and start going aimlessly up and down each aisle, it is good to go in with a plan.  The grocery store can be an overwhelming place.  There are seemingly endless places to go and get lost within the fresh, frozen, and beer aisles, wondering what you even came in for in the first place.  That is why you always hear of people running in for a couple items like milk and eggs and coming out with a whole cart full of groceries that will probably hurt your bank account, not to mention your …

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How-to Earn a Few Bucks (while Unemployed)

Relying on unemployment benefits while you’re on the hunt for a new job may not cut it.

It’s probably crossed your mind to pick up some side-gigs or part-time work. You’ve already checked your unemployment eligibility and started receiving the support. Good on you. Yet, bills still need to be paid and you’re itching to do something other than wallow in self-pity around the house.

Before you go about doing that:

·  Working a job that has you filing a 1099 may affect your benefits

·  You must report any income you earn during the time you’re earning benefits

·  …

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Smart Actions to Maximize Retirement Income

No matter if you are a recent college grad and are looking to begin your career, or if you have been in the working world for a decade, retirement may be the last thing on your mind as you are more focused on making money and starting a family, but the fact is it actually is not that far away, and the longer you wait to build up your retirement account, the less you will have to live off of when you need it most.

Maximize 401(k) Contributions

If you are not contributing at all, well then stop now and …

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