Finance Board

As a widowed/single parent, I wanted to find a way to financially educate my children and to teach them to be savers first, not over-spenders. Like most children, mine would immediately start whining about wanting everything they saw in the stores and begging me to buy those things. So I decided to start giving my children an allowance to minimize the “I want monster” when we go to stores. But, not just any old allowance!

I explained to them that each week I would give them their allowance, but not in the form of cash… but a check. We would go to the bank each week, fill out a savings deposit ticket (which they do, I supervise) and deposit most of the check. They need to give $1 per week in the offering at church; they would also need to deposit, at minimum, half of the check. The remaining portion, they could cash and spend as they like.

Now when we go errand running and they come up to me and ask if I will buy them a toy or what I call an unnecessary item, I remind them that they have their allowance money and ask them if they are willing to spend their money on that particular item. The answer is almost always “No.”

Two important points: First, the reason I give them a check for their allowance instead of cash is because cash can be spent quickly and easily. A check is not really any good until you get it to the bank and cash or deposit it. This one little trip to the bank has forced them to s-l-o-w d-o-w-n their spending thoughts and habits. Especially when they look at their savings log after the bank teller has brought down their balance after adding in their deposit. Their faces just light up when they see how much money they have saved! By the end of the first year, they both had accumulated over $200.

Second point, when I asked them why most of the time they decide against buying the item, their answer is usually, “I don’t want it that bad.” I was thrilled to see that they were learning what they wanted and didn’t want and they weren’t willing to spend money on those items! They are learning to tell the difference between their wants and needs.

With a society consumed with credit card debt, I know that this lesson with handling money will payoff for them well into their adult lives.

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All rights reserved.

Julie D. Raque
http://www.matrixcoachingservices.com

“Look at your life up till now, if you had hired someone to manage it, would you give them a raise, or fire them? If you’d fire them, then you need Coach Raque!” Visit her website to receive a free coaching session. To learn more about Coach Raque also visit http://www.bestwishesoflouisville.com

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For a few, life has improved amongst the terrorist threats and subsequent roller coaster of an economy. Some have bought second or even third homes, while others have elected for collection quality, top of the line automobiles. Others still have traveled the world, experiencing realism at a level the vast majority will never know. Why yes, luxury today is known well in certain circles and is in fact lavished with immoderations.

The question begging to be asked is, “What now?” How many yachts can one water-ski behind? Do you really want to go to the moon? When it is all said and done and you cannot find satisfaction with all the material things at your disposal:

Give of Yourself
People of affluence unaccustomed to a life dedicated to the service of those less fortunate will always have a void to fill. It is the scarcity mentality that says, “I must get all the money I can before I die.” It is the abundance mentality that counters, “I must pass on my knowledge and experience to give others an opportunity to obtain things far greater than my own accomplishments.”

Behave Consistent with How You Want Others to Remember You
Those who want to be remembered as having made a difference need to lead lives full of actions powerful enough to not only be cherished in their life, but also after they have passed on. Traditionally, these are service oriented acts. Become a mentor to today’s youth. Help as many others achieve their goals as you can.

Write Your Memoirs
When you have it all, tell it all. The story of your life should be recorded. This way, you only have to say it once and you will maximize the affect your experiences can have on all the people that read your book. Book writing is always a great project for those needing a new experience in their lives, especially for those willing to undertake its arduous course.

Challenge Yourself
More like, refine yourself. Take up Jiu-Jitsu. Learn yoga. Do something you have never done before. Study a new language. Study two. Fly a helicopter. Feed thousands of starving people.

Make a List of Long-Term Goals and Complete One Each Year
Aim for the horizon on this one. If you have ever thought of owning a sailing team, here is where that desire is to be recorded. It is far more difficult to achieve your innermost desires without writing them down. The human brain understands that you are serious when you take the time to write your goals down and review them on a daily basis. Let it all hang out.

Studies have shown that 90% of this great nation’s wealth is controlled by 10% of its population. Many find that statistic shocking, while others have come to accept its validity. Some of this 10% are wholly fulfilled by their life’s experiences, but there are those who yearn for a bit more. The upper crust possess within it a class of its own, a faction unsatisfied by the trappings their money affords them. Rather, they go through with their day-to-day affairs and wonder if they could get even more out of life. The answer is a resounding yes.

Vicky Therese Davis, William R. Patterson, and D. Marques Patton are co-authors of the acclaimed business and personal finance National Bestseller, The Baron Son: Vade Mecum 7. Vicky Davis is Founder and Chief Executive Officer of Indulgence Jewelry Corp. William Patterson is Chairman and Chief Executive Officer of the Warcoffer Capital Group, LLC. D. Marques Patton is President and Chief Operating Officer of The Warcoffer Capital group, LLC. To receive their breakthrough book and over $3,631 in FREE bonus gifts, visit: http://www.baronseries.com

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As a car cannot be started without fuel, in the same manner any business cannot be carried without sufficient funds. Money acts as petrol to any business. Having just an idea is like a car without petrol. Which implies only an idea is not sufficient to start a new business. To come up with brilliant business ideas is not enough. One needs to steady source of financial support so as to implement those ideas.

One can put your thoughts to action with the help of business startup loans. These loans give your business plan the first push just as an infant learns to take baby steps. The lenders design business startup loans in such a way that it suits the needs of person willing to start a new venture. Once secured, you can utilize them in whichever way you want. Be it a construction of office, buying space or machinery, paying employees, business start up loans can be opted for multiple purposes.

The best part about business start-up loans is that both homeowners and tenant have access to it. For the convenience of the business persons, lenders provide the loan in secured and unsecured options. Secured against collateral, the former option provides you with various benefits, such as low interest rate, longer repayment period, large loan amount and flexible terms and conditions. Business startup loans can be also procured in the unsecured form but they usually carry a higher rate of interest.

Before deciding upon a lender, it is advisable to do a comparative analysis and choose the one the offers the best business startup loan. Moreover, the online facility makes our life even simpler. Whether at home or at work, you can apply for it 24/7

The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in business administration and is currently assisting Adverse-Credit-Business-Loans as a finance specialist.

For more information please visit at: http://www.adverse-credit-business-loans.co.uk

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