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Financial education has become just as important as the traditional disciplines of education early on in life. Martin Lewis for The Telegraph says that he would take enough care to pass on three pearls of financial advice to his daughter.
- Sellers are not acting unethically when they tempt you to buy but the final decision rests with you and it has to be a prudent one.
- Look for the Opportunity Cost while spending money. Spending on one thing censors you from spending on another thing. Thus you must know where best to spend your hard earned or dedicatedly saved money. Also, it is your choice whether you want to spend at every single opportunity or save for a big haul in future.
- You have to straddle on many grey fences. There are no clear answers to many financial questions. There will be times you will feel that A is just as fine as B and one financial viewpoint is just as good as a diametrically opposite viewpoint. This is why children should be taught the skills of financial decision-making from a very early age.
You can read the full article here.
What is your favourite advice to prepare your child to manage their future finances?
Future is not a time; it is a place- a place full of possibilities where our most coveted hopes may meet our deepest desires. A lot of things keep changing as we keep moving at a speed of 60 minutes an hour towards the future. Jessica Winch for The Telegraph says that the whole idea of jobs would undergo a radical transformation. The surefire hits of today (read banking, law and stockbroking) will become a thing of the past and unheard-of jobs will become the hot jobs of the future.
Great advice tends to be a very rare commodity. Often, some of the more mediocre ones come out in the garb of smart language or we simply assume an advice to be healthy because it is made by an elder person. This however does not change the fact that the real brilliant advices are like the Haley’s Comet. Pete Wargent for the Property Update writes how such advices should be kept for posterity by noting them down in black and white.
You do not need to take recourse to yelling in order to be authoritative. Yet, some parents make this mistake and adopt yelling as a major strategy for seeking corrections in their children. In fact, the amount of learning a child is ‘capable of’ is inversely proportional to the amount of yelling a parent is using. I was recently reading an interesting article on this topic by Sharon Silver for Popsugar Moms.
Television must have something going for it or else it would not have sustained for so long. Many of us parents would not hear of it for their children. ‘Off” is the only button on the remote control that gets used by many parents when they see their young child in front of the jukebox. However, selecting channels wisely instead of switching off the machine is the right solution says an 
Mathematics is considered a powerful science but it can take up the form of art quite well too. I saw a few videos on Mashable which had me in fits (ecstatic fits I must say). Having come face to face with so many powerful elements of mathematics, the only way I can react is by sharing the 
A study focusing on sleep duration and resultant child behavior came up with telling results, says a new 
Parents have never been too keen on their children watching television, citing how it can completely corrupt their kids. However, the right TV channels might help children gain many virtues. This is powerfully illustrated by a new infographic from educationnews.org.
What to Do with Kids Hooked on Rewards
Dr. Michele Borba, a child expert and author, enlightens us about “kids hooked on rewards”. Parents may think that children deserve a reward when they have done well. While this is true, this reward system can be bad for the children in the long run.
When we let our children use these rewards as motivation to excel or be successful at something, they will have a hard time later on if they no longer have parents to motivate them. The goal is that the kids should grow up motivating themselves for the right reasons.
How to detach kids from the rewards system
Read the full article here.
Tags: parenting, positive attitude for kids, self-esteem
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