What's Hot

    Ecommerce Content Marketing: How to Use Content to Drive Traffic and Sales

    March 23, 2023

    How to Create an SEO Roadmap That Drives Revenue in 2023?

    March 23, 2023

    Why do people buy mini PCs?

    March 23, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    ZainView
    Subscribe
    • Home
    • Business
      1. Real Estate
      2. View All

      Can I Subdivide or Develop my Property?

      February 27, 2023

      8 Trending Luxury Backsplash Designs and Ideas

      January 4, 2023

      5 Mistakes to Avoid When Selling your Home

      November 30, 2022

      Mexico Beach front is a dream for investors!

      November 19, 2022

      Company Leaders Face Scope 3 Reporting Challenges

      March 22, 2023

      7 Features of the Best Point of Sale Systems

      March 13, 2023

      7 Best SEO Services for Business: Boost Your Rankings Now!

      March 11, 2023

      WhatsApp API

      March 10, 2023
    • Arts
      1. Family
      2. Fashion
      3. Home Decor
      4. Style
      5. Makeup
      6. Wedding
      7. View All

      Top 11 Wedding Hairstyles for Brides & Bridesmaids: 2023 Edition

      January 25, 2023

      How to make your marriage divorce-proof

      November 12, 2022

      What To Consider When Looking for Senior Housing

      November 5, 2022

      How can you support your child’s academic development?

      October 5, 2022

      Lightweight Parka Jacket

      March 22, 2023

      7 Reasons to Give Men’s Jewelry as a Gift

      March 13, 2023

      Gold Rings for Women: Shine and Sparkle

      February 17, 2023

      HOW TO WEAR WHITE SNEAKERS: A GUIDE FOR MEN

      January 30, 2023

      A Guide to Finding the Right Buyer’s Agent for You

      March 22, 2023

      The Advantages of Low-Light Indoor Plants: Bringing Greenery to Any Room

      March 8, 2023

      Ways in Which Ducts Play Their Part

      March 3, 2023

      How to Feel Inspired to Improve Your House

      February 7, 2023

      How to style linen clothing for a chic and comfortable look

      December 29, 2022

      HD lace wigs VS transparent lace wigs What’s the Difference

      December 28, 2022

      Why HD Lace Wigs are a Good Choice for People?

      December 15, 2022

      Best shoes for winter in 2022

      November 9, 2022

      Best Ways To Get Rid Of Paint Smell

      November 30, 2022

      6 Essentials for Aging Skin that Brighten Your Complexion

      November 15, 2022

      How to Create the Perfect Makeup Room

      March 15, 2022

      Amazing Health Benefits of Pine Pollen Powder

      January 18, 2022

      Top tips for planning the perfect wedding

      January 24, 2023

      How to Find Best Married Dating Sites for a perfect relation?

      September 30, 2022

      Everything You Need to Know About Selecting the Ideal Wedding dj Song

      September 10, 2022

      Wedding Themes Perfect for a Destination Wedding in Italy

      July 18, 2022

      A Guide to Finding the Right Buyer’s Agent for You

      March 22, 2023

      Lightweight Parka Jacket

      March 22, 2023

      7 Reasons to Give Men’s Jewelry as a Gift

      March 13, 2023

      The Advantages of Low-Light Indoor Plants: Bringing Greenery to Any Room

      March 8, 2023
    • Entertainment
      1. Music
      2. Fun
      3. Celeb
      4. View All

      11 Basic Chords That Guitar Players Should Know

      December 12, 2022

      Gift Ideas for Music Lovers

      August 18, 2022

      5 Unique Skills Successful Producers Have

      July 22, 2022

      Take Adult Violin Lessons Today To Excel Your Music Career!

      December 27, 2021

      Why Do People LikeFun Personality Quizzes

      March 16, 2022

      Storing cash into UFABET account

      January 12, 2022

      What is the Function of a rechargeable Lighter ?

      October 2, 2021

      Have fun while remaining healthy in this pandemic – Coronavirus jokes

      October 2, 2021

      Packed with Nutrients that help Skin repair

      September 26, 2021

      Know the Enemy: what causes wrinkles?

      September 26, 2021

      Maintaining Your skin

      September 26, 2021

      Beauty Has social lmplications

      September 26, 2021

      The Shocking Gabby Petiti Body Cam Footage

      March 18, 2023

      10 Heartwarming Gift Ideas to Make Your Dad’s Birthday Extra Special

      March 15, 2023

      How to Set Up a Home Music Studio

      March 13, 2023

      Planning to hire in 2023? We can help! | Robbert Murray

      March 10, 2023
    • Lifestyle
      1. Relations
      2. Fitness
      3. Food
      Featured
      Lifestyle

      The History of Seiko Watches

      By Trevor James.cMarch 17, 2023
      Recent

      The History of Seiko Watches

      March 17, 2023

      Women’s Spring Fashion Trends That Work for Every Body Type 

      March 16, 2023

      6 Vintage Inspired Cocktail Rings for Women

      March 14, 2023
    • Pets World
      1. Pets
      2. Grooming
      3. View All

      Understanding Mirtazapine Transdermal: A Breakthrough Treatment for Cats with Depression

      March 6, 2023

      Puppy Diet: What to Feed Your Puppy and What to Avoid

      February 28, 2023

      What Are the Best Types of Dog Breeds?

      February 14, 2023

      Help Your Pooch Feel Amazing: 5 Astounding Benefits of CBD Chews for Dogs With Anxiety

      February 12, 2023

      Bloom and Groom: 5 Flowers to Have in Your Garden

      October 2, 2021

      How to Make Your Hairstyle Last Longer with Easy Application of Hair Setting Spray

      September 26, 2021

      The Best Skincare Trends of 2021

      September 26, 2021

      Frequently Asked Questions About Lash Extensions

      September 26, 2021

      Understanding Mirtazapine Transdermal: A Breakthrough Treatment for Cats with Depression

      March 6, 2023

      Puppy Diet: What to Feed Your Puppy and What to Avoid

      February 28, 2023

      What Are the Best Types of Dog Breeds?

      February 14, 2023

      Help Your Pooch Feel Amazing: 5 Astounding Benefits of CBD Chews for Dogs With Anxiety

      February 12, 2023
    • Tech

      Why do people buy mini PCs?

      March 23, 2023

      Kirill Yurovskiy: what equipment you need for blogging

      March 9, 2023

      Is XLPE Cable Armoured?

      March 5, 2023

      Unique Phonak Roger Pen and Phonak Roger FM System usage

      March 1, 2023

      All You Need To Know About 3D Printers Australia

      February 22, 2023
    • World
      1. News
      2. Hotels
      3. Interior
      4. Picks
      5. Travel
      Featured
      World

      How to Find a Wawa Near Me

      By iron_manMay 5, 2022
      Recent

      How to Find a Wawa Near Me

      May 5, 2022

      Top  Office Rental Market In The Asia Pacific 2021

      January 15, 2022

      Best Online Learning Techniques For College Students

      November 16, 2021
    ZainView
    Home»Lifestyle»How to inculcate good money habits in your child?

    How to inculcate good money habits in your child?

    Trevor James.cBy Trevor James.cJune 27, 2022No Comments5 Mins Read
    Share
    Facebook Twitter Reddit Pinterest Email

    All this while, when you thought books or gadgets were the best things to gift your child, here’s an idea which may not have crossed your mind yet. Nothing can be as precious as financial literacy. 

    We have grown up hearing that the best things in life are free. Laughter, hugs, smiles, sleep, family time and good memories. While these cherished moments don’t cost a penny and are invaluable, living in the real world requires something more. We need money the moment we step out of our homes. 

    The good news is that kids today understand this very well, which leaves parents with lesser work compared to the parents a generation ago. Thanks to internet and endless access to information, teens are passionate about earning, saving and leading a quality life. As a parent, all we need to do is introduce them to the best app for finances and guide their path towards gaining financial wisdom. Kids are highly receptive to what they see around them therefore, you these smart strategies that technology has made possible, would help them be money smart. 

    Six Ways to teach kids about Investing & Saving.

    • Begin with basics

    Starting with terms like stocks, bonds and investments would be a bit difficult for the kids to grasp when they are just starting. On the outset, getting them familiar with household expenses like groceries, electricity and rent etc. would be a good starting point. Showing them the fixed and variable household expenses and seeking their opinion whether there is any scope of bringing the monthly cost down would get them involved. 

    • Give them exposure to debts

    Parents should not shy away from disclosing their debts to the kids, if any. Teenagers most likely, are already aware of credit cards for teens that everyone’s been talking about. Debt therefore is not a strange term for them. As a parent, educating them about the pros and cons of credit cards would help them prepare for the time when they also have one of their own. Helping the teenagers understand the importance of using credit card responsibly will help them avoid many financial pitfalls related to credit cards. A credit card debt can be dangerous and regrettable, hence, taking them through the benefits of having one, when used effectively is important. Parents might want to introduce them to the children’s card by muvin, which is designed appropriately for young adults.

    • Talk about the power of saving.

    Most teens and young adults have a desire to look for quick-get-rich opportunities, thanks to the internet influencers. As a parent, we have a dominant role to play here and teach our children that saving money is the only way to build assets. Taking some baby steps with small sums of money when starting out is a great way to inculcate the saving habit. Just like we introduced piggy banks to them when they were younger, encouraging them to start with a savings account would be the natural second step. We can make the process fun by throwing a challenge at them to reach a goal of having a certain amount with a deadline and rewarding them when achieved with something small. That’s definitely a way to motivate them and foster a saving habit.

    • Explain the power of investing

    Why is investing so powerful? When children are on their way to becoming adults, it’s the perfect time to have a ‘real talk’ and explain to them the power of investing. There is a high possibility their reaction may not be friendly at first which is understandable. There are so many ‘exciting’ ways of spending money these days that a conversation on investing can be unexciting. Simply asking them questions like how it would feel to watch their money double would get them talking. Parents can teach the kids the power of effectively investing and growing money alongside introducing the different investment options. And yes showing them our investment portfolio as well, when the time is right. 

    • Educate them on stocks

    Teaching children the workings of the stock market is not a cakewalk. There will be tons of questions coupled with fair amount of hesitancy. A clever way of upskilling them would be leveraging computer games and making the process enjoyable. Opportunely, today there are many websites available with the stock market games which will help the child have a real-life experience. Online stock market games are a sure shot way of getting the child take interest and help enhance their abilities.

    • Open a savings account.

    Eventually, we have to begin from here. Opening a savings account and then getting to practice real investments must happen at some point. Choosing a plan depending on the child’s goal and aspirations of getting somewhere in life would help in identifying the appropriate investment plan for them. 

    One Last Thought:

    It’s never too early to start. If you are waiting for the right time, it is NOW. The earlier your child gets financial literacy, the better it is. Being financially smart is the only way to having a secure future and living a stress-free life. 

    Muvin understands the concerns of a protective parent. With the help of family-friendly controls, you can watch your child’s actions in real-time and assist them with your expertise. The junior bank account online is everything your child needs right now.

    Share. Facebook Twitter Pinterest LinkedIn Reddit Email
    Previous ArticleHow to choose your real estate agency to sell a property?
    Next Article Going on a Vacation? The Best Outfits to Spice Up Your Vacation
    Trevor James.c

    Related Posts

    The History of Seiko Watches

    March 17, 2023

    Women’s Spring Fashion Trends That Work for Every Body Type 

    March 16, 2023

    6 Vintage Inspired Cocktail Rings for Women

    March 14, 2023

    5 Ways To Support Healthy Digestion

    March 11, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Best For You

    4Movierulz (Movierulz4) Watch Latest Online Movies Free Download Website 2022

    September 26, 2022

    Streameast live and Steameast com one of the best sports streaming sites US

    February 27, 2022

    9xmovies win green Camp Best Movies Download Website In 2022

    September 26, 2021
    Top Posts

    Cat6A 10 Gigabit Cabling System and 10GBASE-T

    March 11, 2022

    Beat the heat and stay comfy with the best hairstyling options

    August 3, 2022

    How to activate DisneyPlus 8-digit code

    August 27, 2022
    Categories
    • All
    • Animal
    • App
    • Arts & Culture
    • Auto
    • Beauty
    • Blog
    • Business
    • Celeb
    • Celebrity
    • Decor
    • Education
    • Electric motorbike
    • Entertainment
    • Family
    • Fashion
    • Finance
    • Fitness
    • Food
    • Fun
    • Gadget
    • Gambiling
    • Games
    • General
    • Grooming
    • Health
    • Health
    • Home
    • Home Decor
    • Hotels
    • Insurance
    • Interior
    • Law
    • Lifestyle
    • Makeup
    • Management
    • Marketing
    • Movies
    • Music
    • News
    • Pets
    • Pets World
    • Picks
    • Real Estate
    • Real Estate
    • Relations
    • Seo
    • Social media
    • sports
    • Statistics
    • Style
    • Tech
    • Technology
    • Tips and guide
    • Trade
    • Travel
    • Web Design
    • Website
    • Wedding
    • World
    Our Picks

    A Guide to Finding the Right Buyer’s Agent for You

    March 22, 2023

    Lightweight Parka Jacket

    March 22, 2023

    Company Leaders Face Scope 3 Reporting Challenges

    March 22, 2023

    Zainview.com is Get The Latest Online News At One Place like Arts & Culture, Fashion, Lifestyle, Pets World, Technology, Travel and Fitness and health news here.

    Connect with us:

    Email: [email protected]

    Facebook Twitter Instagram Pinterest YouTube
    Top Insights

    Ecommerce Content Marketing: How to Use Content to Drive Traffic and Sales

    March 23, 2023

    Why do people buy mini PCs?

    March 23, 2023

    A Guide to Finding the Right Buyer’s Agent for You

    March 22, 2023
    Links:スーパーコピー 優良サイト 口コミ,スーパーコピー時計N級品,ロレックス スーパーコピー販売
    © Copyright 2021, All Rights Reserved
    • Home
    • Privacy Policy
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.