Educating Children To Become Financially Aware

Educating Children To Become Financially Aware

Saving Money/Budgeting
“It is important to know the value of a dollar.” I remember my parents telling me this (more than once) from a young age. Early on I had no idea what these words meant, but now, as I embark on the tumultuous journey to financial security, the time they took to teach me the fundamentals of managing money are invaluable. In a rapidly changing world, educating children to become financially aware has never been more important. Early development of sound financial skills means they will be more prepared for the financial challenges of adulthood. In fact, researchers from the University of Cambridge reveal money habits are formed by the age of seven. So, what can you do now that will help your children establish good money habits for life? Tip…
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Acorns – Saving Without Even Knowing It

Acorns – Saving Without Even Knowing It

Saving Money/Budgeting
It is always hard to save and invest at the same time, especially when you have no strategy or help on how to. So where do you start? Do you invest all your savings into one fund or wait until you save a bit more to invest in a few companies? It is a hard decision to make at the best of times, let alone when you are young and still learning of the financial world. There is now a new app called Acorns to help you with both saving and investing. Acorns is a new automated investment service which allows you to invest your spare change into exchange traded funds (ETFs), a little like an electronic coin jar. It is a simple to use app that links your debit…
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Beating The Holiday Spending Hangover

Beating The Holiday Spending Hangover

Saving Money/Budgeting
Budgeting can be a difficult task at the best of times – with the extra and unexpected expenditures of food and most significantly alcohol. Now that the festive season is upon us, even more spending is required and food and alcohol aren’t extra and unexpected – they are the norm and essentials to get through the family gatherings. Most Christmas shopping does not go as planned and you seem to have spent double than what you wanted, not to mention the little extra present for yourself for the hard work of walking around with hundreds of other happy Christmas shoppers. So let's say, your normal budget throughout the year has been working well; there is the off-budget purchase every now and again but nothing too drastic. What happens now that…
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