5 Simple Ways to Help Your Kids See the Value of Money

Money makes the world go around, but a lot of people don’t know how to use it effectively. It’s easy to fall into a pattern of living from paycheck to paycheck, particularly if you haven’t had a full education on saving before. Fortunately, you can ensure that your children are prepared for anything by giving them an introduction to the true value of saving. Savings aren’t something that we learn about in school, which is why many of us go into life wondering how we’re supposed to make the most out of our cash. Here are 5 simple ways to give your kids the education you wish you’d had.

1.     Lead by Example

Children are like sponges, they learn by responding to the lessons that are all around them. One of the best ways to teach your children about the values of saving money is to show them that you know how to save too. Set out your own jar of cash that you can regularly put funds into in front of your kids.

Remember to tell your children what you’re saving for too. For instance, if you’re saving for a vacation at the end of the year, when you finally get to go on holiday, your kids will be able to see that your hard work paid off. You can even speak to your children about the savings that you’re putting aside for their future – for instance, when you’re saving for college.

2. Give them a Piggy Bank or Bank Account

Even the best of us have trouble saving when the only method of organising our money that we have involves storing cash under the bed. If your kids are too young to sign up for a bank account, try giving them a piggy bank where they can save their spare cash. You can even give them different boxes that they can use to separate their cash into money that they can spend, money to save, and money to donate.

When your youngsters are old enough to open a bank account, make sure that you encourage them to do so as much as possible. Tell your kids to commit to saving a certain amount in the bank each month, so that they get into a habit of splitting their money.

*guest post*

3.     Try an App

You’d be surprised just how much technology is available today to help children and adults alike learn more about saving. Just as you can download an app on your phone to track your bills and payments, you can also give your child an app that they can use to plan their spending, create financial goals and track their progress with their money.

An app on a smartphone or tablet can make saving money feel like more of a game to your youngsters, and you can even give them rewards when they reach certain goals. For instance, if your child meets all of his saving goals for a month, then you can help him out by giving him an extra cash bonus to put towards the item that he’s being saving up to buy.

When your youngsters are old enough to open a bank account, make sure that you encourage them to do so as much as possible. Tell your kids to commit to saving a certain amount in the bank each month, so that they get into a habit of splitting their money.

4.     Help Them to Come up with Goals

Speaking of goals, we all achieve things much faster if we have an end target to aim for. Rather than just telling your kids that they need to save money because it will be good for their future, help them to come up with realistic long and short-term goals, then come up with timelines to help them reach those targets.

For instance, if your youngster wants to save up £30 for a new game, then you can show them that saving £5 a week would mean they had to wait 6 weeks for the game. On the other hand, if they saved £10 a week, they would only have to wait for 3 weeks. This way, your children can see how buying things now affects their ability to reach their financial goals.

5.     Talk to your Kids

Finally, one of the most important things you can do to teach your children about the value of money, is leave the lines of communication open. Make sure that your youngsters always feel comfortable coming to you and asking any questions that they might have.

While you might not want to reveal all of your financial concerns to your children, you can also get some of the older ones involved in discussions about money. For instance, if you need to change your budget to afford something new, then ask your teenagers to give you their ideas for how you can cut costs.

Laura x

*Guest Post*

Continue Reading

Instanatural Advanced Repair Scar Gel*

A few months ago I received a fab bottle of vitamin C serum to try from Instanatural and you can see my previous review here. About a month ago I got asked if I would like to try out another of the products in their skin care range; this time the Instanatural Advanced Repair Scar Gel.

I received the bottle directly from Amazon and found it to be really light as the packaging is plastic, whereas the serum came in a glass bottle so was quite heavy when it arrived in the post. I firstly swatched the product on the back of my hand to do a patch test and make sure it didn’t react with my skin etc. (I have learnt my lesson from last time I had a reaction!)

040

The gel cream is a funny brown caramel colour and looks a bit gritty when you stare at the blob on your hand. It also has a rather funny smell to it which admittedly you do get used to when you have been using the gel for a couple of weeks. The only way I can describe the smell is that of green tea meets burnt caramel; a strange concoction but like I say, you do get used to it.

041

I have been using the gel for a few weeks and have noticed a difference on my skin. I mainly have been using it on my face and had quite a few marks from previous blemishes and breakouts. The pigmentation and marks have faded quite a bit which I have been really impressed with and I have actually felt more confident wearing minimal makeup for the first time in ages.

I am going to continue using this product as I have had a small breakout on my forehead this week and do not want it to leave any marks etc. I will featuring another one of Instanatural’s fabulous products in the next few weeks so keep your eyes peeled.

I would definitely recommend the Instanatural Advanced Repair Scar Gel to anyone looking to visibly reduce marks or scars especially if bio-oil or another product similar hasn’t worked for you.

Thanks

Laura x

Continue Reading