Counting Money Games

Counting Money Games

Counting money games

If you have read the other articles on my blog, you know how much I advocate children learning early money management skills.  The earlier children learn about money, the better.  Small children can begin with counting money games. Children who learn counting money games and practice early money management skills benefit in the following ways:

  • They never develop poor spending and savings habits that lead to debt later in life.
  • They are taught an early sense of responsibility and make wiser choices.
  • They avoid the negative connotations of money and rarely have a financial lack mentality.
  • The current mentality in our society about living above your financial means and having a lot of debt will not be carried forward with this generation of children.

Reason number 4 is very important and affects us all.  We can bemoan our current society’s spending habits but until we make the changes that bring about a new way of doing things, we are wasting our breath.  Complaining about something is worthless unless we are backing it up with action.  Teaching our children from the ages of 2 or 3 with counting money games brings about a change in their mentality.  Pushing for early money management programs in our schools are equally important.  Again, we should not wait for someone else to do what we can do, so teach your children financial responsibility and don’t wait for a school system to get on board before you do. Children learn best by seeing and doing something, instead of just memorizing.  Here are some ways to teach counting money games to children:

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Manage Your Money With These 5 Tips

5 Tips on How to Manage Your Money As You Enter College

Manage your moneyThe day you dreamed about has finally arrived. You’ve left the comfortable nest and are about to enter college. Hold on though, because unless mom and dad have very deep pockets, you’re going to have to learn how to manage your money. In addition to that, you’ll learn about credit scores, and hopefully how to create a financial plan that will see you through those tough college years.

Starting college, you’ll have more control in the decision making for your life; however, there is one very basic concept that you need to master. Even if your parents are financing your education, you need to learn how to manage your money effectively.

Many of the habits, good and bad, that you learn in college about money and finance, will be with you for many years to come. Statistics reveal that the average four year college student graduates with credit card debt of $4,000.00 plus student loans totaling $30,000.00.    Financial experts say that every college student should formulate an easy plan in order to take control of their saving and spending. The following tips can help you learn how to manage your money as you make this plan.

1. Create a budget

It really doesn’t matter how small your budget is, you need to establish one and follow it. Your income for your budget will probably come from your parents, your part time work if possible, and financial aid. View full post…

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