Financial Skills – How to Budget & Balance Accounts

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I was surprised when I asked parents to tell me the life skills they wish their kids knew, and there was a resounding request for a few topics:

  • How to open a bank account
  • How to budget & balance accounts
  • How to write checks and pay bills
  • And how to start saving for retirement

It seems some of the things we take for granted are, as a result, missing from what we teach kids.In the last article, we focused on opening a bank account. This article is the second article in the four-part series and will look at how to teach kids to budget and balance their accounts.

Budgeting

It’s not shock that budgeting can be boring and tedious. I’ve personally never been excited to sit down and create my budgets, but it’s something that creates wealth and pays off down the road.

So how do you get kids excited about it? How can you add a little glamour to something so dull and boring? Easy – make it a game with payoffs.

Firstly, it’s important to know how to create a budget, then to adhere to the budget.

Creating a Budget

You may have your own way to create a budget, and that’s fine. In my experience, the easiest way to make a budget is as follows:

On a piece of paper, draw a line down the middle:

  1. Spending BudgetCalculate your average monthly gross income and put that at the top of the page, then multiply it by.80 (for example, if you earned $1,000, you would end up with $800)
  2. Fixed ExpensesWrite down all of your FIXED expense categories (i.e. phone bill, insurance, mortgage etc… ) and put them in one column on the left side of the page
  3. Variable ExpensesNext write in the variable expense categories (i.e. food, gas, leisure, etc… ) and put them in another column on the right side of the page
  4. Fill in all of your expenses
  5. Net Budget after Fixed Expenses – Subtract fixed expenses from your spending budget If it’s a positive number, you don’t need to change anything If it’s zero or a negative number, you should look for expenses that you can cut or lower
  6. Budget variable expenses – Using your Net Budget after fixed expenses, determine what you can spend on variable expenses without overspending each month
  7. Set a budget for each variable expense so you know what you can spend on each category in a given month

Making it FunOK, now that you have a budget outline, it’s time to get the kids excited.

I know what you’re thinking: “My kids will never be excited for this.”

They will if you give them some prizes or payoffs. Here’s how:

First, tell them what a budget is and show them the paper. Next, tell them that you’re going to do a contest (if you have more than one kid, this works even better).

Contest 1: Anticipating Spending

The first contest is to see how close they can budget their money to reach a break-even or $0 over the course of a month. In other words, the goal is to predict your spending as close to the penny as possible.

If you have more than one kid person that gets the closest to break-even without going negative wins a prize. With just one kid, tell them that they get $5 or $10 if they reach break-even, and every penny they are off, you deduct 10ȼ

Contest 2 – Saving After Spending

The second contest is to see how well they can budget their money over the next 30 days. If they can save money, tell them you will give them whatever they save. That means if they save $5, you’ll give them another $5 (just like companies matching a person’s 401K contribution).

If you have more than one kid, tell them whoever is able to save the most will win and get a special prize. You will obviously choose the prize since you know your kids best.

Coming Soon

In the next article, we’ll discuss how to write checks and pay bills. You will also learn how to combine check-writing with these contests to simulate the real world of budgeting for your kids. Most stock alert services only offer alerts based on price changes. MyStockReminder lets you create more useful alerts based on percentage increase/decrease, volume increase/decrease. You can have a soaring stock portfolio and an active life with stock price alert . You just need the right tool.

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Advantages of Commercial Loans

It is vital for the general population to guarantee that they have an explicit profession that they do with the end goal for them to be in a situation to get more cash that will assist them with improving the nature of their lives. An individual ought to dependably cherish their activity so they can generally be in a situation to execute their obligations and give the best outcomes in their company. The people in the general public may require some budgetary help which will assist them with constructing their building which they will use for business purposes and hence they should approach the business contract representatives who will assist them with accessing a loan. An individual should dependably take in more about the business contract dealers so they can generally be in a situation to comprehend the administrations that they offer and they will settle on a choice on the best specialist organization to use. It is vital for an individual to look at the sites of the business contract agents so they can generally peruse more from this website and they will have the capacity to settle on their choice and realize whether to get administrations from them or not. The home loan representatives can be in a situation to assist the customers with accessing the home loan rapidly if at all they meet every one of the necessities that are required for them to be given the loan. The home loan specialist will likewise assist the clients with being ready to comprehend the different home loan choices that are in their organization so they can pick the one that fits them properly. An individual should dependably get this administration from all the enrolled home loan dealers in their general public so they can generally be in a situation to get the best administrations from them. The site of the home loan merchants will contain more data on the landing page about the capabilities that an individual ought to have with the end goal for them to fit the bill for the loan and click here for more on this product and learn now!. An individual can click for more data from the site and they will dependably have the capacity to take in more about the business contract brokers read more about it now on this link now!.

The business contract intermediaries will dependably have a fundamental point of concentrating on their customers and they will assist them with choosing the best home loan alternatives for them that they will have the capacity to reimburse effortlessly without straining and read more here. It is essential for a person to guarantee that they have utilized the best business contract intermediary since they will dependably spare more opportunity for their customers and they will dependably assist them with accessing the advances that they require for them to have the capacity to finish the tasks that they have.

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Points That You Should Know When It Comes To Eight Figure Dream Lifestyle

8 figure dream lifestyle system, it has been there for quite some time, and it is not a new thing in the market circle. It is a system that claims that if you ensure that you follow the right strategies its members can be able to generate up to twenty thousand dollars in terms of commission. People who are promoting it usually have an idea that they can become rich quickly. For anyone who thinks about joining the system there are some important things that they need to understand. It is usually possible for you to be able to earn money though it is not as easy as people might think of. Before you start off you need to be prepared to invest a lot of money although someone requires around $2000 in order to start. Throughout the whole procedure the total amount of money that someone needs in order to invest, it is around $22000; therefore, it means that if you are not ready to invest such kind of money then the program may not be right for you.

The 8 figure dream lifestyle is usually a high network marketing program which is quite expensive when it comes to signing up for it. It usually requires someone to recruit other people in order to make money. If you ensure that you do a thorough search you will notice that the program has five different packages that a member requires to buy at a minimum of one before they can get started. In order for someone to start out you are supposed to ensure that you 8 Figure Dream Lifestyle Reviews part with at least 2049 dollars. However even when you have this amount of money someone is never certain of earning anything. It is usually possible for someone to make some money Register with them though you can sometimes not an anything. You ought to know that just like any other program you might end up losing all your investments. Once someone has bought the package that they want they will then be trained on how to sell this to others you should know that the higher the package, the more training you get. If you are thinking of joining the system, you should know that for you to be able to earn your money back, it is not going to be an easy thing. The good thing is that, at the end of it all, it is possible for you to earn money.

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Applying the Best Strategies for Trading

There are certain rules that must be applied in order to make your trading strategies effective. In having a strategy, you can do it in two ways. You can be a creator or a buyer of strategies, and both techniques are definitely effective. These two are certified ways in making you succeed in the trading system. This site can give you more information about trading strategies, so you better take down some notes. View here now to have the information, which is based on the facts coming from experts.

First and foremost, you have to take note that the best trading strategy has realistic results. What you need to do is to choose the best cryptocurrency trading tool, which will make you earn more than you need. To see the tool, just click here.

According to experts, this is the ultimate tool in trading many types of cryptocurrencies. With its high-end technology, all of your funds will be kept safe. It is also easy to withdraw your funds and no one can do it except you. To have the details about the security of the best trading tool, just read more now.

Looking at the credibility of the best investment platform, you will definitely have more reason in choosing it. A lot of businessmen are already in connection with many investors like you through this tool. Learn more about the companies connected with this tool as you click here.

The truth that not all tools are releasing is that trading is something that is not always high. It is always important to trace what is happening in the market so that you know the right move to take. With the use of this tool, you will receive real-time notifications about your orders. You can even have a note on the order that you have placed. This tool has a lot of other features to offer, which you will know as you click here for more info.

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Outstanding Financial Planning Tips

You have struggled hard to make ends meet and you even have your excesses. Be sure to plan your finances well. You see, life is totally unpredictable, and there are times when you keep get life surprises.

Perhaps you lose your crucial source of income – and this is something that happens a lot of the times. If you are determined to plan your finances, then you can be sure that you will stay safe during adverse economic times. Here are great insights that will help you take control of your finances.

To begin with, you would want to ensure that you evaluate the goals that you may have. You should be confident about the life goals that you have, but even more critically, the plans you have for your life, and the funds that you have in your account. You see, finances have great impact on the life that you live.

Your decision to visit popular destinations for your vacation will always have immense impacts on your finances. You may have a goal to retire early; but be informed that this relies on how well you manage the finances now. You may have a choice to build your career or even buy a house; all these requires you to plan well.

You need to scrutinize all your life goals and consider the ones that need some level of urgency. You need to define the order in which you would want to achieve them; but be sure to look at long-term life goal; especially saving for your retirement. Pay singular consideration to the budget that you are looking at in each goal.

Come up with a plan. It is extremely fundamental – you need it to achieve the goals that you have. You are intending to create a financial plan that demystifies the requisite processes as well as the budgetary distribution.

What is more, you need to design a spending plan and have a way in which you can get out of debt. Supposing you manage to accomplish these major goals, and you have some remaining finances, you can fund your lesser goal.

You need to know that your budget is fundamental; it offers you the muscles you need to sprint and realize the goals that you have. Also, pay attention to your long-term, such as saving for your retirement, goals irrespective of the financial turmoil that you may be in. You would also want to stick to your budget to the end.

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Crucial Ways for Finding Commercial Loan Financing for Your Business

To be in a better position you are capable of running a business and making a profit from it, you are required to get financial help for your business. If you are in need of financial help for your business, consider the commercial loan financing as it is their role to do so. Commercial loans are meant for businesses purpose only as opposed to personal loans that you can use them to do anything. Nevertheless, your way of using these funds for business purpose comes with no limitations. Some of the uses of commercial loans in your business is either as the capital or for buying equipment that is necessarily meant for your business. Depending on the requirements for your needs, you are capable of selecting either the secured loans or the unsecured loans. The repayment period, as well as the rate of interest, is usually dependable on the security you have given, and the amount of loan you wish to get.

In case you are the owner of a business, you are highly recommended to find proper funding source for your business. When buying the commercial loans, you will want the lenders to offer you the best rates as well as trust you. Low-interest the lender normally provides rates to people with good credit rating.

Expansion of business is the main reason why a commercial loan idea is considered. This is due to the interest your lenders have in finding out how much you make out of your business. You need to prove to the lenders that your business does not make losses, so they find the capability of getting a loan. The reason for the commercial loan being delicate is the hard time the lenders have to go through when you show a loss in your business. Based on the risk of commercial lending loan for your business, the restrictions are more. However, if you have other funding sources that can help you in repaying the debts after making a loss, the lenders may not have a problem with giving the loan to you.

The best bank or lenders are the ones who will give you credit based on the benefit you have declared. You will need to have time to accumulate money to service your loan and the only possible way to do that is to ensure it long term. Otherwise you will have to pay large sums of each month. When choosing lenders of commercial loans, ensure that you are provided with unlimited cash option when you want to refinance your loan.

To access this service, it is required that you submit your business tax plans as well as returns to check it out! This makes the lender believe that you are running a successful business. Since the loan is given depending on the amount of profit made by the business, it is good to assure the lender. Consider to click here for more as well as view here for more on different homepage to learn more about commercial loans and how to get the best here!.

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How to Find the Top Financial Advisor for People with Disability

So are you in need of a planner for your family money. When dealing with finances especially when special needs are involved can be very tricky and challenging. Mostly with the constitutional process involved with people with special needs. When you figure out the advantages and with the right guidelines you can secure the living of your loved ones. Learn more here to help you discover the leading planner that suits you.

First, know your budget. Ask yourself the much you are willing to spend on the planner you want to hire. Avoid incurring debts which are very unrealistic. Make a budget and make sure you stick to it and get the best special needs financial planner within it.

Ask friends family members or colleagues and see if they have some. Then you can decide based on the information you get from them. Although people have varying needs and preferences, they all have a common goal of seeking superior quality services. Thus, if you are looking for the top company that offers the special needs financial planning services you should seek referrals from other clients.

To identify the leading special needs financial planner you should consider using the internet. With the current technology everything has become easy. Go online and look for firms that provide these professionals and look for the best. Most of these planners come together and form a company of which they try and offer the best services. It is crucial you discover more about the period the company you are planning to hire has been in operation. Look for one that is from a company that has been around because this shows that they have the best professionals who offer quality services.

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The plan is to engage a professional who will offer the services that will meet and exceed your expectations. Therefore, why you should seek more information that will aid you find the top company in this field.

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Some of the Benefits of Home-Based Franchising

A business concept where two businesses enter into an agreement that will allow one of the businesses to use the trademarks of the other in its operations is known as franchising, which is meant to help the business to expand. If you’re the kind of person who loves working from home, you can provide a platform where businesses can reach out to you so that to give them the right to use your trademarks and logos and sell your products and services by paying a little amount of initial startup. This article is going to provide you with some of the top advantages of starting a home-based franchise.

One of the top advantages of starting a home-based franchise is that you are going to raise more capital which you can use in the expansion of your business. Because you will be a home-based franchisor, it means that any franchisee will purchase you so that they can use your trademarks and sell your products and services will have to inject some minimum initial startup capital for you to know them to use the trademarks of your business and also to sell products and services from your business. The advantage of using the capital which is provided by the franchisees is that you’re going to be free of debt since you would not be required to borrow any loan from a financial institution so that to finance your expansion. The other reason why you should allow the franchising of your home business is that you will have in a way opened a branch of your home business in a place where the customers can access it better.

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The Benefits of Commercial Loans.

Finances are the biggest hindrance when it comes to implementing business ideas. Even if you will be offering services, you will still need capital to set up your business. The longer you wait, the more the time you waste which you could have been investing in your business. Even if you can pay for the office and the other things required, if the business you venture into requires equipment and machines, this will be an added expense given that such tend to be costly. This is something you will not have to worry about when you apply for commercial loans. The loans are offered by many lenders which means it will be up to you to decide who to work for. Also, they are offered for various reasons and products. You just have to find the one that fit the description you are going for. If you want to increase your working capital, you can apply for a capital commercial loan. Additionally, there are lines of credit which are also contained in the commercial loans category. The repayment period of commercial loans is also very flexible. The business climate keeps on changing which means it is not every month that you will be able to meet your target. Sometimes, you will lose money. Therefore, when the repayment period is flexible you can make a plan that will not be too hard on you even if you have made losses.

As opposed to the other loans offered by the lending institutions, commercial loans are on the lower side. The interest rate can be as low as five percent. You will not have to wait for a long time to get the money once you have submitted the documents and completed all the required details. Also, you will get professional advice on the borrowing capacity and the time it will take for you to repay the loan. To read more now about this, you can view here or click here for more.

If you choose to finance your business through a commercial loan, you will remain the sole owner. Other ways of raising money for the business may involve surrendering some part of the business. When you take a commercial loan, you remain the sole owner and you can repay the loan to go back to where you are. In most cases, the investment will bear fruits and this gives you enough money to use in paying the loan.

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Factors to Consider While Applying for a Commercial and Industrial Loan.
A business be it sole proprietorship or a company will at one time encounter financial challenges and the solution to this can be applying for a commercial and industrial loan and follow this link for more. There are times when a business will encounter problems of not making enough cash flows to meet the operating expenditure and this can be resolved by a commercial and industrial loan and now read here for more. The demand for more cash can come if business would like to grow and develop and to address this a commercial and industrial loan will be helpful and visit this site for more info.

It can be a daunting task for any business owner to settle for any lending company to provide them with the commercial and industrial loan as there are various companies that are available and view this for more information. In order to find the right company that will give you the business loans there are some factors that one must consider so that you dont end up in more financial crisis and read more now!

Your major aim while choosing the best lending company is how the interest rates as compared to other companies in that field and view here for more information. Interest rates are very focal as they greatly determine the amount of money that you will have to pay by the time you complete your loan repayment and for more see here! One has to see to it that the lending company has complied with the set interest cap and they do not raise their interest rate as this means that they do not adhere to the law and see this website for more.

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Knowing the exact amount that you will require from the lender is important and more about this is available here. Over estimation or underestimating this service will make the lending company question your credibility.

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Some of the Top Tips for a Perfect Home Loan

When you have stayed in a rental house for many years, it will reach a point, and you will find many reasons why it should be a great move to have your own home. Some of the reasons why you would want to move out of your rental house will be that it is an expensive affair and you can longer afford it, probably you need more space, or you have relocated for another job. The problem which faces most people when moving to their own home is how to finance the construction of their own home. It is important to note that it is partly not a big problem to raise finances to construct a home of your dream because you can easily that financed by one of the financial institutions offering home financing. It is crucial that you ensure you have gathered important information about your perfect homeland before you seek a loan from a financial institution. By reading this article, you will discover more about some useful tips for a perfect home loan.

It is beneficial for you to ensure you only consider a home loan which will provide you with the most competitive interest rates if you want to have a perfect home loan. You should ensure that you take your time to compare the interest rates offered by the various financial institutions because the lower the interest rate, the more money you’re going to save. After you have successfully applied for a loan, and it is important that you regularly review your loan and find out if any changes which may occur with the financial institution which you have applied for the loan with will negatively affect your savings.

To also have a perfect home loan, another thing which you should is that you should strongly consider automating your repayments. When you set up automatic repayments, it means that you will not have to worry about whether you have repaid the monthly installments required from you and this is also useful because you will not encounter any problems with your financial institution. When you do not automate your repayments, you will be at high risk of paying heavy penalties because you might forget to pay your installments before the deadline. Another top tip that will ensure you have a perfect home loan is that you periodically make extra repayments because this will help you to decrease the interest payable and thus save a lot of money. If you are interested in some more top tips for perfect home loans, visit this site.