How to teach personal finance to kids

first_img 224SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Tyler Atwell Web: www.cuinsight.com Details Back when my siblings and I were younger we were often jealous of our friends who got an allowance. Our parents raised us on the mindset that they had the money and we were dead broke. Our allowance was the roof over our head and the food on our table. I could ask for five dollars to bike to the store with my friends, but that didn’t mean I was going to get it. I now have a good understanding of money, as do some kids who grew up with an allowance.  Both schools of thought can be effective in teaching kids about financing, as long as a respect for money grows along the way. No matter which approach you choose, here are some tips for better teaching your kids about money.Pay your kids their allowanceIf you decide to give your kids an allowance, it is important that you make sure they earn it. Discuss why they are getting money, and what is expected of them. Help your children develop a healthy respect for earning. Some experts believe that giving allowance for the completion of chores is one of the best ways to teach children about earning money.Give your kids a chance to earnIn my house doing chores was part of your contribution to the family, but we still had an opportunity to earn. Having a list of “jobs” apart from normal chores was our way of making some extra money. Even if you give your kids a “free” allowance, writing out a list of extra work with a visible payout will increase their respect for money. On more than one occasion, my friends would invite me to lunch while I was low on cash and I would beg my mother if I could wash her car to put a few bucks in my wallet.Encourage budgetingThere are many ways to approach budgeting with your kids, like discussing how to make the allowance last more than a day or even using an app to help them map out their money. Budgeting can be taught at any age, and your kids may surprise you. Next time your young child asks for something at the store, tell them you will give them ten dollars to spend on whatever they want, but not a cent over. If they are anything like I was, they will go into Will Hunting mode, run the numbers and come back with nine dollars and ninety-nine cents if not a flat ten dollar in loot.Help them open a bank accountOnce your child reaches an age in which you feel comfortable letting them keep their own money, take them to open a bank account. During this process, answer any questions they have. Show them how to use the services that come with an account to help track spending, make payments, and earn interest. One of the largest complaints from college aged students is that personal finance was not taught in high school, with many still not knowing how to write a check.Encourage your teens to get a jobTurning sixteen is a big deal for teenagers in a lot of states, because that means they can get their driver’s license. The day I turned sixteen I upgraded my permit to a license and drove around applying at any place with a help wanted sign. Getting work experience at an early age has countless benefits, not the least of which is the financial lessons that will be learned. Many of you like myself know that working for minimum to low wages can provide a new take on earning and spending. A new pair of shoes no longer has a dollar value, it now costs ten and a half hours of work.Don’t bail them outOnce your kids are earning a good bit of money, chances are they are going to do a good bit of spending as well. Not all of the spending is bound to be savvy shopping and if they find themselves in a hole, do not dig them out. Even if you don’t normally employ the tough love approach in parenting you have to think about their financial future. When you don’t bail them out you are teaching them a much needed lesson about living within their means. I learned what was beyond my means from a six-hundred-dollar cell phone bill. Apparently the phrase “free nights and weekends,” didn’t register with me.last_img read more

Tampa Bay Buccaneers arrive in Charlotte after seven-hour plane delay | NFL News

first_imgTampa Bay departed for Charlotte just before 9.30pm ET, according to NFL Network, which was first to report the team’s travel issues. The team finally landed at 11.27pm.Tampa Bay (6-3) play the Carolina Panthers (3-6) on Sunday.What went wrong for Brady and the Bucs?Sky Sports’ NFL writer Cameron Hogwood…The NFL can be a fickle business, and the Tampa Bay Buccaneers are the latest reminder of just that.Everything was looking dandy entering November. Bruce Arians’ team were being eulogised as a playoff-bound juggernaut led by a Tom Brady sticking it to Father Time, and with a suffocating Todd Bowles defence taking names at the line scrimmage.Two weeks later, and the Bucs are licking the wounds of a 38-3 demolition at the hands of the New Orleans Saints, having just about escaped East Rutherford with a 25-23 win over the New York Giants earlier in the week.The performance against the Saints was as ugly as it was ever going to get, and one Arians will be hoping proves a mere anomaly.Read the full feature here… – Advertisement – The Tampa Bay Buccaneers arrived in Charlotte more than seven hours late after mechanical issues with their plane delayed their arrival ahead of Sunday’s match against the Carolina Panthers, according to reports.The flight was scheduled to depart Tampa International Airport at 2.25pm ET and land in Charlotte at 3.55pm ET, according to ESPN.The delay forced the team to hold team meetings and eat a meal inside the airport. The Buccaneers followed social distancing protocols by congregating in areas with restricted access to the general public or outdoors. – Advertisement – – Advertisement – – Advertisement –center_img Live NFL November 15, 2020, 5:00pmLive on The Tampa Bay Buccaneers come up against the Carolina Panthers on Sunday – live on Sky Sports NFL at 6pm – as they look to recover from a crushing defeat to the New Orleans Saints; The team were forced to hold team meetings at Tampa International Airport as they waited to take off Last Updated: 15/11/20 8:42am Tom Brady and his Tampa team-mates were left to wait at the airport
Tom Brady and his Tampa team-mates were left to wait at the airport

Cardinals coach Kliff Kingsbury addresses Patrick Peterson’s future with team

first_imgAbout Patrick Peterson, Kliff Kingsbury noted that this mini-camp is voluntary, and said that the star CB has been in communication with him, and has made clear to the head coach that he wants to be a Cardinal and Kingsbury expects him to be one in ‘19.— Omar Ruiz (@OmarDRuiz) April 23, 2019Peterson reportedly asked the Cardinals for a trade in October, but he later said he felt like he was “next in line” to be the cornerstone of Arizona’s franchise, like wideout Larry Fitzgerald.Peterson 28, has been a Pro Bowl player in all eight of his years in the NFL since Arizona selected him as the No. 5 overall pick in the 2011 draft. The Cardinals posted the NFL’s worst record (3-13) in 2018-19 but he still helped anchor a defense that was fourth best against the pass. Peterson recorded 54 tackles and two interceptions on the year. Related News Kliff Kingsbury is clearing the air of speculation that Patrick Peterson could be leaving Arizona.Peterson, the Cardinals’ star defensive back, missed the team’s minicamp on Tuesday, and rumors that he might be traded soon emerged. But Kingsbury emphasized the workout was voluntary to reporters, saying his communications with Peterson indicated he wants to play for Arizona in 2019-20. Josh Rosen trade rumors: Are Dolphins interested in dealing for the Cardinals quarterback? “We’re still working through things. It is a process. I wouldn’t say the hay is in the barn,” Kingsbury told NFL Network.Regardless, Arizona has a few things to figure out before the 2019-20 season.center_img Josh Rosen trade rumors: Cardinals’ asking price may be too high for Giants Arizona has the first pick in the 2019 NFL Draft, and its selection could turn the team around. It could shore up its defense by selecting top pass rushing prospect Nick Bosa from Ohio State, but it is rumored to favor Oklahoma quarterback Kyler Murray.However, the Cardinals don’t appear to know who they will select.last_img read more