Diligence is the mother of good fortune.
With school shootings in the news these days, there is one common factor that is often overlooked. The majority of school shooters feel the need to kill as a result of being the victim of bullying. Here are some scary bullying statistics from a 2013 study:
Percent of students who reported being bullied at school, on a school bus or on the way to and from school:
• Bullied at school: 21.5%
• Made fun of or insulted: 13.6%
• Subject of rumors: 13.2%
• Pushed, shoved, spit on or tripped: 6.0%
• Excluded from activities: 4.5%
• Threatened with harm: 3.9%
• Forced to do things they didn’t want to do: 2.2%
• Property destroyed: 1.6%
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Y3K Tutor In Your Home is a wonderful in home tutoring service. The owner tutors my daughter, Maya. She loves math but needed some math skills reinforced and a challenge as well. He has a wonderful teaching method and helps break down material for better understanding. He brings many approaches to the table and will use the best method for your child. Maya enjoys her tutoring sessions with him.
We all have financial goals in life, however some do not know how to achieve them. Teach your kids about financial goals and financial plans. By making short-term and long-term financial goals, plans can then be created to reach those goals. For example a new video game system may be on the wish list.
Questions to ask are:
How much will it cost?
How much can we save at a time?
How many months do we have to save for it?
Teach your kids how setting financial goals is a skill they will be using throughout their lives. They will most likely be doing this for purchase of a car, vacation, holiday presents, home purchase and retirement.
It is important to teach children about how to maintain good credit. Teach them how the best loan interest rates only go to those with the best credit. Also future landlords and employers may check their credit when making a decision about them. The concept is a simple one. Keep a low balance on credit cards and pay your bills on time.
Compounding interest is money that is added to your bank account over time. It can also be money that is added to your credit card bill or loan so you pay a lot more than you originally borrowed. Teach your kids about how saving money today can grow into something much more over time due to compounding. Also teach them how debts can grow into something larger over time due to compounding. Show them the math behind this concept. If you need help teaching them the math of compounding interest, contact Y3K Tutor In Your Home today.
Help your teen to create a mock budget using a possible future income. Go over with them all of the expenses that an adult faces (rent/mortgage, credit card bills, taxes, health insurance, auto insurance, auto repairs, entertainment expenses, gasoline, etc.). Let them get a feel for how much one can afford and how to budget so you can have money left over. Share with them the strategies you use in order to manage your money.
Teach your children the urgency of keeping private information about themselves a secret. Credit card numbers, bank account numbers, social security numbers must not given out. Review with them what to do if their personal information is ever stolen.
Explain the difference between credit cards being a loan you have to pay back (usually with interest) and debit cards subtracting from your own funds. Also go over with them what to do if the card is lost or stolen.