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Stress Management Tip - Take Control of your Finances
Financial worries may add to the stress levels of individuals. For many families it may become one of the biggest sources of disagreements and tension. The most common financial concern is that the funds coming in never ever seems to match the mone...Full Article
 
Top 20+ Reasons to Pay your Kid an Allowance
 

1. They may build mistakes under your guidance

2. They will learn how to save for the future

3. They will learn that funds doesnt grow on trees

4. They will appreciate what they have

5. They will learn to generate choices and set priorities

6. Theyll stop nagging you for money

7. There will be less friction in your household

8. They will learn healthy financial behaviors

9. They will learn your values

10. You can teach them that it isnt all about the money

11. They will learn how to spend smartly

12. They will be prepared to enter the grown-up world.

13. Allowances will teach your children to be resourceful, independent and unique.

14. An allowance is a tool to empower your children to avoid commercialisms clutches.

15. You can teach them to avoid the pitfalls of debt

16. You can help them improve their communication skills around money.

17. An allowance now could help them avoid future marital money chaos

18. Theyll learn the difference between quantity and quality.

19. Theyll learn how it feels to contruct a poor choice and have to live with it.

20. Theyll learn how to resist impulses (sometimes, maybe!)

21. Theyll learn to appreciate and take care of their things

For help in designing an Allowance system that works for your family, please contact Cindy at 541-387-2995 or by email.

(c) Phelps Creek Financial Coaching - All Rights Reserved

Cindy S. Morus (http://www.phelps-creek.com) is a Certified Financial Recovery Counselor specializing in showing women and their families how to achieve financial well-being and peace of mind. She is also a Certified Credit Report Reviewer and Get Clients NOW! licensee. Contact her at 541-387-2995 or cmorus@phelps-creek.com. She is also the publisher and editor of "Financial Fitness", an internet gazette dedicated to helping people improve their financial fitness no matter what decisions were made in the past.

Attention Ezine editors/Site owners: Feel free of cost to reprint this article in its entirety in your ezine or internet page as long as you leave all links in place, do not alter the content and include our resource box as listed above. If you do use the material please send us a note (cmorus@phelps-creek.com) so we can take a look. Thanks

 

 

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