Teaching Money Lessons

As evidenced by recent financial research, many people do not understand that it is essential to teach their children money lessons. This is unfortunate for our youth because the inability to properly handle ones money can lead to a host of difficulties in the future. Money problems plague people from all backgrounds and all education levels. Debt and and insufficient retirement funds are two traps many people are in. Fortunately there is something we can do. Teaching kid’s money lessons from a very young age will help them avoid the financial traps that will plague many of their peers. To […]

Effective Management Practices For Your Business to Become Successful

To become a successful entrepreneur, it is important that you have a good business management practices. However, it still remains a fact that there are a lot of companies that do not become successful with their business ventures. Now, the reason for their failure can be attributed by a lot of things. With pun intended, it is very easy for your business to fail but what is tricky is how you can make your business successful. To do this, you need to use an effective management practices so that your business will be able to survive. For your business to […]

How to Make Money Without a Job, Really

You are able to learn how to make money without a job because it is possible, really. This learning skill has a lot to do with your ability to manage time properly. If you know how to wisely implement good time   management  into your daily habits, you will then automatically see the proof that it is possible for you to be in the know of how to make  money  without a job. I have read an extremely interesting article written by Brian Tracy about some time wasters you should immediately eliminate from your life. You see, if you know how […]

How to Encourage Your Kids to Save Money

Encouraging kids to save money is an important thing parents should consider in their parenting plan. Although, it is not easy to make your kids learn all the money saving techniques, you can at least teach them few basic things that can make them disciplined money savers. The earlier you start, the better off they will be in saving and managing their finances. Money management from young age is very important Unfortunately, money management is not taught in schools and colleges. As a parent, it is your responsibility to teach your kids about how to manage money, how to save […]

Teaching Your Teens About Money Management

Teens have a language of their own, and it often doesn’t correspond to ours. For instance, they don’t seem to know that “need” and “want” are not synonyms. They actually believe that if they want it, they need it. This is especially true if it’s a cool gadget and someone else they know has one. If you’ve been teaching them about money from the time they were old enough to have preferences, then you probably won’t have much trouble over money during the teen years, because they’ve learned that life means making choices. In fact, your ultra-responsible kids may be […]

Money Management For Kids

One of the most important things to teach children before they move out on their own is how to manage money. The surest way to fail financially, no matter how successful a person is in their career, is to manage money poorly. This is definitely not a lesson for someone to learn on their own. From the time children are young, they should be given the opportunity to learn about how to manage their finances. They need to understand that credit cards are not a free flow of money. They need to understand that checks are useless without funds in […]

Money Skills For Kids

The education system today may be fantastic at teaching our children reading, math and writing  skills , but when it comes to teaching them about real world issues like  money , it gets a failing grade. Where did you learn about money? Did you have rich parents that taught you everything? Did you read about it? Or did you learn by trial and error in the real world? As a parent, the best gift you can give your child is knowledge about these basic  money   management  strategies Pay yourself first Managing money and building a secure financial future is not all about […]

Caregiving and Money Management

Taking care of money matters can be frustrating, overwhelming, and even scary for senior citizens. Many people, including my grandmother, frequently go to the customer service department at their bank for help balancing their checkbooks. This is a good solution, but there are other easier ways to avoid problems. If you have an in home caregiver that is able to help with finances, the senior citizen can avoid the scariness that emerges from missing money and at the same time, avoid an extra trip out to the bank. Great  money   management   skills  are necessary for this task. Most seniors are […]

The Difference Between Bankroll and Money Management

I am sure you would have heard comments like, ‘if you don’t have good  money   management   skills  then you simply won’t win’; or how about ‘ money   management  is much more important than the selection strategy used’; or even ‘you won’t win if you don’t have good  money   management   skills ‘. There will always be a group of punters who is always bleating about the virtues of  money   management . These punters believe that this mystical term ‘ money   management ‘ is a saviour, which will turn their otherwise unprofitable approach magically into a highly profitable one, simply by changing the way they stake. I […]

Money Management By Creating A Budget

Money management is much easier to control and understand if you create a well thought out and realistic budget. How do you know what a realistic budget looks like? First of all, you need to recognize that while it is important to cut your spending of frivolous items and daily trips to the vending machines you should still create a section in your budget for fun. This will prevent you from feeling deprived while managing your money, but once that money is gone for the month your spending will have to cease as well. When creating a budget to manage […]