Save the children - long term investment for child- education plan- (detail ).

Savings, investment for the future of children.

 Save the children - long term investment for child- education plan- (detail ).
 Save the children - long term investment for child- education plan- (detail ).




*Teaching children to save, setting the example with a sound financial management will help them secure their future and live debt free.

* Saving is the portion of income not spent on buying consumer goods. Financial freedom does not provide what a person earns, but what you save.

How much give and how save children ?

*Many parents tend to give money to their children as they will require.

However,

it is best to give them a fixed weekly amount to cover her needs.

 In this way, they learn to manage their own money. If your teenager wants to spend beyond what you can give him, invite him to know the value of money doing odd jobs.

 Caution: 

do not pay for help at home, that’s their obligation.

Saving:

It is important that parents teach:

* The importance of time in achieving objectives, to be patient.

* How to make a budget, review it regularly and stick to it.

* To consume with moderation and care expenses. For this it is important not to give them everything they asked.

* A set clear goals for their savings, have financial goals.

* To form the habit of saving consistently and systematically, by depositing the amount fixed for that purpose in the savings account before making any expenditure.

* A proper relationship with the money and not consider it dirty.

* A no debt.

It should lead by example in the preceding paragraphs. ” How do you explain to your toddler that you can not buy the latest game console when he sees you unnecessary electronic buy on credit ?

A good habit of saving from young:

*Banks recommend that young people acquire the habit of saving, taking advantage of their most productive years.

If you start saving when you’re young, it is easy to accumulate a considerable amount permitted to retire with comfort in old age.

 Save a fixed amount per month consistently and systematically is an easy way to self-insure.
The ideal is to save at least 20 percent of monthly income.

There is a huge difference between start saving when you have 20 years to 30. Councils to be given to children to become familiar with saving. Securing your financial future and your family, give children three piggy banks:

* One where you keep a fixed percentage. This money will not be touched.

* Another for what you want to buy the child.

* Another easy opening in which to save the remaining money can be spent.

At the time of making the expenditure budget must learn to differentiate between the needs and desires. Only when the former are covered, the latter are financed.

Children must always be aware of the family economic situation, so do not ask more than can be given. There are parents who are deprived of the necessities for their children to enjoy luxuries that otherwise could not afford.

The children learn this way that parents have access to unlimited money.
Also want to be aware of the maintenance costs of the house so that will be forming an idea of ​​what things cost.

Aims to save time save the children : 

– Short term (0-1 years): education, health, travel or solve some urgency.

– Medium term (1 to 5 years) investment, a business or acquire property to build a heritage (auto or real estate).

– Long term (over five years): creation of a fund for retirement.
Youth is the best time to start saving for the future, it is a time when as yet there have been so many financial obligations.


It is convenient to deposit into a savings account you do not have access until they have achieved the goal.
 It is much more cost saving to buy something in the medium term, to take a loan and pay interest on it.

Also,

what is saved can be invested to earn a little extra. If money is not spent somewhere, lose value over time due to inflation .




Give me a chance to stop here for the time being  . 

  thanks for the time .

Message to you : - Keep Educating the children !

Post a Comment

0 Comments