MERRY CHRISTMAS AND HAPPY NEW YEAR!
May the Christmas season
fill your home with joy
your heart with love
and your life with laughter.
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'Tis
the Holiday Season, the beginning of the New Year and a new beginning
for some is right around the corner. Budget discussions in Congress, as
well as in the common home, seems to be the topic most likely to
stimulate some thought as people everywhere gather during this festive
season and look forward to what financially might be ahead for them next
year. Although everyone is concerned with the national debt and their own finances, in a recent poll, teens reported feeling very optimistic about theirs. It appears the reason they are so happy-go-lucky about their finances is because they are expecting mom and dad to take care of them until they are twenty-seven years old. What a change this is compared to twenty years ago when most kids couldn't wait to leave home and get out from under mom and dad's watchful eye. |
The president of Junior Achievement USA, in a recent statement, said that teens expect to live with their parents longer because many of them are unsure about their ability to budget or use credit cards. Interesting too was the finding that 33% of the teens surveyed in the Junior Achievement USA said they do not use a budget, and even worse, 42% of that group were not interested in learning to budget. Although the majority of the kids polled thought students were borrowing too much to pay for college, only 9% of them were currently saving for college. One third of them hadn't even talked to their parents about higher education. |
Schools do not have time to teach kids about saving money, budgeting, or opening a savings account or any of the other issues related to finances. This has to come from parents because parents are still the number one influence on how their children save money, budget and pay for expenses. College costs and debt has reached an astronomically high number, and the average kids finish college now with at least a $20,000 debt. No age is too young to begin teaching your child the importance of money and saving. It all begins with a piggy bank, and expands with savings accounts, bonds and other types of investments. |
Below are some suggestions of ways to help
your child understand the value of a dollar, so they will be more
realistic about their future and their money instead of depending on
yours.
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College
debt is a huge problem in our country. Kids take out huge loans yet are
never really prepared for what to expect in regards to their financial
debt after college. Living within your means and teaching your children
to do the same is part of parenting. Lessons taught young correlate highly with adults who understand the importance of saving and budgeting. Your kids don't need the "stuff" money can buy half as much as they need the time you give teaching them about how long it takes to save for that "stuff." |
Miley
Cyrus had us all talking after the MTV-VMA Awards, but the talk wasn't
positive. A woman who had grown up influencing girls with Hannah Montana
and Disney doesn't naturally choose twerking unless she has run out of
artistic options or is rebelling against the crowd that helped make her a
childhood legend. I am over the story of Miley, but unfortunately moms,
girls and young women are not. Young people feel as though Miley was
like them, and if Miley is desperate for fame, what will they resort
to? Things such as selfies in inappropriate places, body parts texted
to boyfriends, and other risky behavior further damages young women's
self-esteem, self-respect, and body image. We talk frequently about the bad things happening to women and young girls, but focusing on the things that set successful women apart from those sinking into desperation should be studied as well. In fact, there are so many qualities that successful women exhibit in that sets them apart, I decided to remind parents and girls once again. If you can adapt these qualities and practice them each day, you will have the confidence to handle the success you earn. The key to being a successful woman is not dependent on your looks or your body, but rather how you feel about yourself, and strong beliefs in your abilities. |
Here are a few general suggestions
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Telling your daughters what not to do will not be as helpful as suggesting things they can do. Embracing these suggestions, and practicing them with your child, will put you in a position to be their number one mentor and on their team for success. Girls have to believe in themselves, and that is a lot easier to do when their parents believe in them too. |