Showing posts with the label ways to teach children the value of money

6 Simple Ways to Save Money at Home

  With the economy being what it is, people are more conscious about their expenses. The last thing you want to be doing is spending money on things that are not essential. There are simple ways to save money at home, which can cut down your bills significantly. Use energy-efficient appliances If possible, buy energy-efficient appliances such as washing machines and dryers that have lower water and energy consumption levels. These will help save energy and thus money over time because they consume less electricity than their non-efficient counterparts do. Consider replacing your old refrigerator with an energy-efficient refrigerator. You may not be aware of the fact that your fridge is one of the biggest consumers of power in your home. An inefficient refrigerator can use up to 300 kWh per year, which is more than 10% of the total household energy bill. So, it is important to get an efficient one that uses less electricity and saves you money on your electricity bill. Use en

4 Ways to Teach Your Children the Value of a Dollar

It’s not always easy to get your children to appreciate the value of money, however it is an essential skill that they must learn as they are growing up. Imparting good savings habits while your kids are young is a great way to prepare them for the financial challenges that they will face later on in life.  Here are 4 great ways to teach your children the value of a dollar, and how to appreciate and respect money. Introducing Pocket Money Giving your kids pocket money is a great way to introduce them to the world of money. To make the most of the experience, you should create a list of ways that your kids can ‘earn’ their weekly pocket money. Whether it’s completing homework on time, helping with the dishes or completing a list of jobs, your kids will appreciate their money a lot more when they know that they have worked for it. When you just give them a weekly allowance regardless of their behaviour or contributions to the household, you diminish the value of money and