Digital tools can help kids build safe money habits
(BPT) - The earlier kids start learning basic financial skills, the better their financial health in the long run, according to research.
When it comes to teaching kids about money, caregivers are asking for help. In fact, 32% of parents are uncomfortable speaking about finances with their own children and 46% are looking for additional resources to help encourage good financial habits, according to a Chase survey of parents across the U.S., with children aged 8–14.
Traditionally, kids learn about money from shopping with adults and having related conversations. While discussions are an important part of learning about finances, online shopping has changed how kids experience spending.
"Families are juggling so many more responsibilities today than ever before, so it's understandably more complicated to find opportunities to teach financial wellness to children or to find hands-on purchasing moments to talk about the value of money," said Anastasia Morgan-Gans, an executive focused on family financial health at Chase.
Fortunately, new tools are helping meet the changing needs of parents and their children. For example, the free Chase First Banking account is designed to help families develop healthy financial habits by putting parents in control and giving kids and teens the freedom to learn how to earn, spend and save money.
Through the Chase Mobile app, parents can assign chores and provide allowance, set amounts and locations of where kids can spend money using a debit card, and help children reach savings goals. Kids interact with the app on their end, too, checking off assigned chores when completed and seeing when their allowance is paid. They can also see how much they can spend and where, as well as their savings goals.
This type of digital tool makes financial literacy discussions easier and brings family money management into the digital age, engaging kids in meaningful ways. In addition to adopting useful tools, it's important to have ongoing conversations about finances. Morgan-Gans suggests starting with some rules for a family ‘contract’ when it comes to having access to an account:
"These tools can help guide parents, so they have the confidence to teach kids about bank accounts and spending — it’s like an account with training wheels," says Morgan-Gans.
Savvy parents are always looking for tricks to save time and money while becoming better caregivers. This article presents six simple hacks will make you feel like a superstar parent while giving your little one the best. Read the full Medium article here.
Savvy parents are always looking for tricks to save time and money while becoming better caregivers. Here are six simple hacks will make you feel like a superstar parent while giving your little one the best. Read the full Medium article here.
Savvy parents are always looking for tricks to save time and money while becoming better caregivers. These six simple hacks will make you feel like a superstar parent while giving your little one the best.
(BPT) - Whether it's your first child or you've been around the baby block a few times before, having an infant in your life is an unforgettable experience. While there are countless joys you'll cherish forever, there are also a few challenges you'll likely face along the way.
Savvy parents are always looking for tricks to save time and money while becoming better caregivers. These six simple hacks will make you feel like a superstar parent while giving your little one the best:
1) Fast and tidy diaper changes
Wiggling legs can make fast messes, especially when it comes time to change the diaper. To make diaper changing quick and easy, try placing a clean diaper on the changing table before laying your baby down on the table. Remove the diaper tabs, clean your baby up, pull away the dirty diaper and instantly you have a clean diaper ready to go. You'll save time and consolidate messes in the process.
2) Clean stroller travel
Saving your back and making travel smooth and easy, a stroller can take you and your baby anywhere from the park to the mall and beyond. However, with those adventures comes all the nasty dirt, grime or worse that gets on the wheels. Before putting your stroller in your car for transport, place shower caps on the wheels. Your car will stay nice and clean no matter how messy those stroller wheels are.
3) Save money on essentials
Babies need many things and the costs add up fast. Shopping sales and using coupons is a good start, but you can save even more money without sacrificing quality by looking for store brand items like diapers, wipes and infant formula. Store brand infant formula is the ultimate parenting hack, offering the same complete nutrition as the big-name brands but saving families up to $900 a year, based on prices from an October 2019 retail price survey of assorted stores.*
*Retail prices from October 2019 retail price survey of assorted stores. Actual prices and savings may vary.
4) Streamline bath time
A warm baby is a happy baby, and what parent doesn't want to see their little one cozy and cooing? While you're bathing baby, have someone place a towel in the dryer for five minutes. Remember to never leave your child alone in the bathtub, so you'll need a partner or older sibling to do this. Once the dryer is done, have them bring you the towel so you can wrap baby in warmth right out of the water. You'll never see tears from a post-bath chill again.
5) No more noisy toys
Kids are noisy. Kids' toys that make noise can add to the commotion. Those loud bells and songs can test even the most patient parent. When children are done using noisy toys, cover the toy’s speaker with tape to avoid any excess noise. This also works if a toy is particularly loud and could use a bit of muffling, even on the low setting. A small piece of tape lessens the noise so baby can still enjoy without Mom and Dad getting a headache.
6) Stay informed
Knowing what's best for baby is a combination of using your instincts and staying informed. Having quick resources for getting useful information about important topics like health, nutrition and savings can give your parenting game an edge. For even more tips on all things feeding baby, check out the latest MommyMD Guide to Feeding Your Baby Right and visit storebrandformula.com as a resource to help make the wild ride of parenting a little bit easier.
If you're buying a car for your teen, safety is probably your highest priority. After all, teenagers aren't exactly known for their driving prowess. However, other considerations, such as your budget and the vehicle's reliability, are important too. Before you turn over a set of car keys to your family's newest driver, take the following considerations into account.
It's Probably Going to Break
Like it or not, the car you buy for your teen is probably going to break. If you're like many parents and buy your teen a low-cost car with a lot of miles on it, it'll simply be more likely to break down due to age. Furthermore, teenagers are usually harder on cars than more experienced drivers. They tend to brake harder, accelerate more quickly and disregard necessary maintenance tasks. Teaching your teen how to maintain their car will help extend the vehicle's life, but you should expect breakdowns and plan accordingly. There are some cars that are safer for teens, but you should still encourage safe driving.
Consider the Upfront Expenses
Knowing the upfront expenses of buying a car for your teenager will help you budget and prepare financially. First, decide whether to pay for the car upfront or to take out a loan. Then, consider having your teen pay for part of the cost of the vehicle. Not only will this take a little financial strain off you, but it'll build a sense of responsibility in your child. Finally, don't forget to budget for car insurance. Adding a teen driver to your insurance is likely to increase your premiums considerably.
Find the Right Car
The car you want for your teen is probably different than the one you want for yourself. To encourage safe driving, look for cars that don't emphasize horsepower, and keep in mind that larger cars are typically safer than compacts. Newer cars generally come with more safety features than older models, but they also come with heftier price tags.
Handing over the car keys to a new driver is a big deal regardless of how prepared you feel or how responsible your teenager is. Adequately preparing yourself and your child for this milestone will give your entire family peace of mind. Know that the car you choose is likely to break down, establish a budget, and take your time finding the right vehicle for your new driver.
Making the decision to divorce is difficult. Alongside the emotional components of the decision is also the complexities of navigating the legal system in regard to divorce. There are many different types of divorce to consider and choosing the right one is crucial to making sure the journey towards divorce is as easy as possible. Here are 3 Types of divorce and what they can mean for the family.
Default divorce occurs when one spouse files for divorce but the other spouse never responds to being served. Every state has its own laws and time limitations for how long a spouse has to respond to the divorce request. After that period of time has elapsed, the spouse petitioning for divorce can file a motion of default which will allow the court to accept the divorce without the participation of the other spouse. While default divorce is a simple way to end a marriage when a spouse is unresponsive to court proceedings, it does carry some risks, primarily for the unresponsive spouse. If the court grants divorce by default, the unresponsive spouse gives up their right to contest any orders brought forth by the court. This can include any orders for dependent custody, custodial privilege and child support. This can lead to the petitioning parent being granted full custody of minor children or being awarded child support.
An uncontested divorce involves forgoing a courtroom trial and instead focuses on both spouses working together towards an agreement in terms regarding the divorce. For couples who have come to divorce as a mutual decision and can amicably divide property, determine custody and child support arrangements, an uncontested divorce is the most affordable method of ending a marriage and is often much quicker than others as well. It also allows for fair terms in regard to child custody, visitation, and support.
Collaborative divorce involves both spouses utilizing lawyers to work collaboratively in their best interests towards terms that both spouses can agree to. In a collaborative divorce, both spouses must be open to sharing all information regarding assets and finances and agree to come to terms that are fair to both parties. If both spouses cannot come to an agreement in terms, they must abandon the collaborative divorce filing, hire new lawyers and take their divorce case to trial. Collaborative divorce can be beneficial for the family as it will allow for a fair and balanced agreement regarding property allocation, minor child custody, and child support.
Divorce is never easy. However, armed with the correct information it can be a bit less painful. Aiming for the most amicable solution where both spouses are considerate of fairness and the well-being of any minor children will aid in the best resolution for all parties involved.
Was this article helpful? Read this one next: 4 Life Changes That Affect Your Taxes and How to Tackle Them
Heading back to school is exciting for both kids and parents, but with all the thrill and anticipation, there can be quite a bit of stress, too. As a parent, you can approach the impending school year with a positive attitude and these tricks can help minimize stress and give your kids extra confidence when heading into the classroom.
5 Ways to Squash Back-to-School Stress
(Family Features) Heading back to school is exciting for both kids and parents, but with all the thrill and anticipation, there can be quite a bit of stress, too. As a parent, you can approach the impending school year with a positive attitude and these tricks can help minimize stress and give your kids extra confidence when heading into the classroom.
Lifestyle expert and mother of two Jeannette Kaplun recommends these tips:
Start adjusting bedtimes before school starts. It's common for bedtime rules to be broken in the summer. However, an abrupt transition to early mornings can lead to stress and irritability. The National Sleep Foundation recommends implementing earlier bedtimes two weeks before school starts and setting the alarm a bit earlier each morning for a smooth transition to the first day of school.
Curb the summer slide. Screen time isn't just for passing time; leverage technology to keep the reading skills your kids learned in the classroom sharp all summer long. A device like the Fire Kids Edition tablet from Amazon is built from the ground up for kids with a two-year worry-free guarantee, a kid-proof case and a one-year subscription to Amazon FreeTime Unlimited, giving kids access to 15,000 kid-friendly books, videos, educational apps and games. Parental controls like Learn First encourage learning before playtime and allow you to set screen time limits to help get kids back into a routine for the school year. Additionally, STEM toys and games can keep math and science top of mind during the summer months and help kids excel during the school year.
Dress for success. There's a reason grownups tend to dress up for special events - when you look good, you feel good. Give your kids that same boost by helping them choose a special outfit for the first day of school that he or she feels comfortable and confident wearing. Shopping for clothes is an opportunity for your child to express individuality, so have fun with it. For added stress relief, lay out the complete ensemble the night before and have your child try it on to head off any concerns. If the routine works, try making it part of your nightly routine for stress-free mornings throughout the school year.
Simplify the shopping experience. Every back-to-school season comes with classroom supply lists and new wardrobe needs. A one-stop shop retailer like Amazon lets you complete your shopping on your own schedule, and its back-to-school store offers deals and a wide selection, making it easy to find everything from must-have items like binders, backpacks and shoes to fun gear such as glitter glue, donut erasers and emoji stickers that allow kids to express their personalities.
"Back-to-school shopping doesn't have to cause anxiety," Kaplun said. "By shopping online at Amazon from your phone, tablet or computer, you can buy everything you need without having to find a parking spot, tracking down a sales associate to help you find your child's size or standing in line to pay, saving you precious time. Plus, Prime members receive unlimited, free two-day shipping on more than 100 million items all-year long."
Share the excitement. It's perfectly normal for parents and kids to feel anxious about the new school year. Instead of revealing your own apprehension, share your favorite memories from your time in your child's upcoming grade. Ask your kids what they're most excited for and what they're a little nervous about and come up with solutions together.
Get a jump start on your stress-free transition back to school with more tips and resources at amazon.com/backtoschool.
Photo courtesy of Getty ImagesSOURCE:
College is a significant investment and millions of families each year face the question of how to pay for it. One way students can position themselves for success is by seeking out various forms of financial assistance. These tips can help you identify and apply for scholarships that match your interests and credentials.
Finding Money for College
6 tips for winning scholarships
(Family Features) College is a significant investment and millions of families each year face the question of how to pay for it. One way students can position themselves for success is by seeking out various forms of financial assistance.
Earning scholarships can be one way to offset the financial burden, but winning a scholarship can sometimes be as competitive as gaining admission to the college of your choice. While most scholarships don’t entirely cover college tuition, they can be useful tools to help cover educational expenses such as room and board, tuition and books.
Some scholarships can be earned by meeting or exceeding certain standards, such as academic performance, while other scholarships are based on financial need or personal interests of the applicant. There’s also a wealth of opportunities that support students in specific areas, whether it be from companies, professional organizations or foundations. For example, the America’s Farmers Grow Ag Leaders program offers industry-specific scholarships each year for those looking to study agriculture-related fields.
While your academic performance, character and extracurricular resume all play a part, knowing where to look for scholarships can make all the difference when it comes time to pay for your education. These tips can help you identify and apply for scholarships that match your interests and credentials.
Complete the FAFSA
Talk to Your Counselor
Apply for Scholarships in Your Field of Interest
Don’t Overlook Smaller Award Amounts
Look for Essay Applications
Use a Scholarship Search Engine
Increasing Your Scholarship Odds
While there is no way to guarantee a scholarship to help offset the costs of higher education, there are things you can do to increase your odds of getting noticed by admissions departments and those who award scholarships. Before sending in your application, consider these tips:
Photos courtesy of Getty ImagesSOURCE:
Interested in Publishing on The Parenting IDEA?
Send your query to the Publisher today!