Teaching kids about money

Charging Your Teenagers Rent -- The Arguments for and Against

2009-10-21T16:16:00.000-07:00

It is one of the great parenting divides -- equal in stature to the debate about breastfeeding or bottle feeding, to spank or not, and ideas about whether kids should go to private or public schools. The debate over whether to teach kids about money by charging your children rent is a practical issue for some parents and a matter of principle for others. While some simply need kids that are earning their own money to contribute to their upkeep costs, others see it as important for teaching kids about money before they move out. Today we are looking at the case on either side.

Charging your children rent: the arguments for

Children learn that money does not come for free
They experience the truth that if you consume things, you must pay for them
They can be better prepared for life outside the home
It contributes to the parity and wellness of all family members

Most of the single arguments that believe charging your children rent revolve around the fact that teaching kids about money is a good thing, and the earlier they learn life's lessons, the better. This is a good point; your children will eventually be forced to pay rent or be kicked out onto the streets, and often the lessons learned in childhood are the ones that stick with us for life. If children are earning money (through chores or from a job), it seems reasonable that they also contribute to their own upkeep. However, that is certainly not all there is to the arguments!

Charging your children rent: the arguments against

Many people believe that if we choose to bring children into the world, we are financially responsible for them until they are independent
The age and earning capacity at which to charge rent can seem unfair
Children can be forced to grow up too quickly and lose the halcyon days of childhood
The lessons don’t necessarily translate to the application

One of the main arguments against charging your children rent for staying at home is that until your kids move out, they are your responsibility. They didn’t choose to be born (as they will no doubt remind you at one stage during teenagerhood).

Another telling argument from the parent's point of view though is that teaching kids about money through charging them rent doesn't always translate into action later in life. In fact, sometimes it does the opposite. Speaking form personal experience, I felt that charging me rent was unfair, when I was paid abysmally for the chores I did around the house ($1.20 for making dinner, when buying a small meal from McDonalds cost $3.95) and had never had any money to myself anyway. There were never any extra chores available to do, and I wasn't allowed to get a paper route -- so I simply resented being charged rent out of my government benefits when I went to the university at 16. Not feeling that I had ever had the money to treat myself earlier in life led to quite an irresponsible attitude later, trying to correct the situation! Obviously every case is different … but do realize that in trying to teach your kids about money, you may teach them something you don’t intend.

Three Most Common Ways for Kids to Make Money

2009-10-21T12:28:00.001-07:00

As all of us who have bills and financial obligations know, there are two sides to the money equation: income and outgo. It seems like a simple fact, but kids have to realize what is involved in getting money before they can understand the value of budgeting properly and saving their money! Here are three of the most common ways that kids can make money and become entrepreneurs, and some points for parents to remember about each of these.

Kids' money making idea #1: Lemonade stand

It is the oldest trick in the book, and most adults realize that the customers aren’t buying lemonade because they like the taste; they're buying because they want to encourage kids in their first money-making ventures. The kids think they're making money from lemonade -- you know they're making it through cuteness!

Positive: Lemonade stands can be set up right in front of your house, so are a relatively safe way to make money. Lemons or lemonade mix are easily accessible, and kids can be wholly responsible for creating their own product.

Make sure: You teach them about food safety before you let them loose on the public. Citric acid may be a good antibacterial, but grubby hands can contaminate cups and make people sick. The money kids make from a lemonade stand may not be as high in some areas, also -- warn them about disappointment.

Kids' money making idea #2: Car washing

Your kids can either wash your own car for money, or knock on your neighbor's door and offer their services in order to teach your kids about money.

Positive: A nice healthy outdoor activity, and a way to right the karmic balance considering the mess they usually make!

Make sure: They are old enough to be safe. Tell them not to go into anybody's house, even if they seem nice. Help your kids make money fairly, also -- ensure they know enough about quality management (don’t leave streaks or water spots, etc.) to do a good job for the money they charge. Explain how this is in their business's interests.

Kids' money making idea #3: Babysitting

Generally one for older kids, babysitting is an old standby. Your kids can make money babysitting their younger brothers and sisters as well -- better than letting a stranger in the house!

Positives: Offers a very necessary service. Most adults cannot afford adult wages for babysitting, so there is a mutual need for kids to make money form babysitting. Your kids could also be parent's helpers in houses before they are old enough to do babysitting, playing with other children to occupy them while parents get work done.

Make sure: They are old enough and responsible enough to do this properly! Other people's kids are generally pretty important to them, as is their house. Your kids making money is less important than safety or people and property.

Teaching a Child Responsibility through Sound Money-Saving Practices

2009-10-15T16:16:00.001-07:00

We all want to teach our children financial responsibility from an early age in order to allow them to become financially independent adults. Now it is easier than ever to teach a kid about the importance of saving money and by working hard, the future of a kid's financial well-being is ensured. The Responsible Allowance is a unique computer program designed to facilitate shaping young kids into responsible individuals.

There are many ways for kids to make money, such as a part-time babysitting job, getting a personal allowance for completing household chores, snow shoveling, mowing grass, delivering newspapers and more. The software program is designed to be easily used by kids ages 7-18 and helps teach financial responsibility. It can be used easily from any computer with internet access.

The Responsible Allowance software program also allows a parent to monitor a child’s daily chores, homework assignments, grades, goals, achievements and more. The program takes the guesswork out of a kid’s daily activities and helps save money. A parent can now teach a child to be a responsible, thoughtful person -- and who doesn't want that?

Teach a child money responsibility now for a more secure future as an adult and you as a parent are going a long way towards equipping your child to be a responsible, financially independent adult. The software program provides reassurance for parents in the way of password protection and login security, which are unique to Responsible Allowance software.

The program has master controls for parents and shows a bi-weekly or monthly calculation of allowances and shows the child where their money is being spent. With an automatic calculation of savings and teaching a child to make better decisions, the kid learns responsible time management skills and can experience a closer relationship with a parent.

By teaching a kid the importance of saving money and being responsible now, a parent is doing their job to raise a conscientious adult. It is very important to instill in children the ability to make their own sound decisions from an early age and with Responsible Allowance software it is now possible. Never take for granted that your child will learn these things on their own -- it does not happen unless a parent gives them every advantage possible and with this software you are doing just that.

Finding the Right Balance Between Childcare and Work

2009-10-11T19:07:00.001-07:00

It is a reality in the world we live in today that most households require two parents working to make ends meet. Families all over the United States face the unique challenges that come with this dynamic and it can be difficult to find the right way to balance family, work and other everyday responsibilities. That is until the “Little Helper” entered the picture. This unique software program has allowed parents and children to find a way to achieve the perfect balance and the household to function more smoothly.

Little Helper is a child software program which is designed to alleviate the stress and uncertainty of not knowing what a child is doing while the parent is at work. No matter how good a parent or caregiver may be about keeping track of a child’s daily activities, there are times when schedules are tight and communication is garbled. It is at a time like this when Little Helper proves itself to be an invaluable tool and keeps an accurate log of a child’s schedule. Little Helper is an innovative software program which will tell a parent when a child last ate, when the last dose of medication was taken, when a diaper was changed, how much food or formula was consumed and much more.

For working parents all over the country, Little Helper provides the reassurance and peace of mind that a child’s needs are being attended to and taken care of. Gone are the questions and confusion that come from trying to fill in the blanks -- with software like Little Helper any family can rest assured in knowing that they will know what is going on at any time with their child.

The child software program features a unique list of features that most parents find very comforting. Such features include; sleeping and feeding logs, random note screens, parental instructions, guardian/authorized pick-up information, supply lists and a calculator, waiting list, medical information, photo matching, memo/mail system, daily child printout log, reminder feature, printable food and activity schedules, daily timers and much more. The tool has proven itself to be invaluable to parents and day care providers alike and takes the guess work out of daily child care responsibilities.

Little Helper child software is an invaluable tool which has proved to be innovative for parents who are trying to find the delicate balance between child care, work and home life. The software fits into any lifestyle and is a bonus for those families who utilize this unique tool.

Money Matters

2009-09-28T19:59:00.001-07:00

Perhaps you’re struggling with teaching your children the concept of economy and what it means to save money. In these harrowing economic times, learning how to save properly is imperative for developing in life. As such, the utilization of an anticipated software to help children learn the importance of the dollar is a great way to reduce your stress.

Did you know that there are some high-quality tools you can use to ensure that your kids learn what it takes to manage money wisely? In fact, you can teach your kids to save money, set goals, organize spending, and even schedule savings to apply to future purchases! Believe it or not, most parents have no idea where to start when it comes to teaching their kids the ups and downs of the dollar, and that’s where Cobraback and dynamic anticipated software comes into play. Anticipated software is software that “anticipates” a future needs and applies itself to the rectification of that need. With Cobraback’s Responsible Allowance software, you will be able to teach your children to save money, set goals, organize spending, and even schedule savings to apply to future endeavors!

Anticipated software is the perfect solution when you have calendar issues, money management issues, organization issues, teaching issues, and a host of other many daily stresses that cause a hectic schedule to leave you feeling frazzled and unproductive. There’s no time like the present for getting your ducks in a row. Your daily routine can be streamlined in an effort to provide you with more time and more resources for enjoyment, spending time with your family, and doing things in life you consider to be fun as opposed to foreboding.

Take a few moments to browse the Cobraback selection. We can guarantee that you’ll find something to suit your needs. Show your kids what it means to turn a few dollars into $100 or $1,000 dollars! We’ve used this phrase before but remember, “Give a man fish, and he eats for a day. Teach a man to fish, and he eats for a lifetime.” The very same principle applies to money.

Anticipate Your Needs

2009-09-24T11:56:00.001-07:00

We have talked quite a bit about using anticipated software in your daily routine. It seems like life today is busier than even five years ago. As such, looking for ways to make life easier has become standard practice for most of us. If you're one of the many hundreds of thousands of people who struggle day and today out in search of products that will make life a little easier to bear, anticipated software may be just the ticket.

Anticipated software is designed to anticipate your needs. It's a smart way to manage your time, your money, your daily monotonous tasks, and a host of other activities that cut into your ability to live life normally. If you're concerned about maintaining a certain level of organization in your life, you should consider looking into the many options available to you in the form of anticipated software. When you're hoping to teach your son or daughter the value of a dollar, you're hoping to organize your calendar so that you never miss an important event, or you're simply looking for a way to keep your day organized, anticipated software likely have a product designed to help you with this task.

You don't have to settle for being stressed out and spread too thin. There are ways to anticipate your daily needs and meet those needs with minimal effort. Why settle for pen and paper that only seeks to clutter up your life and cloud your chi, when you can have the best of everything and use modern technology to predict your needs?

Don't allow yourself to be overworked, overstressed, and overtired. Instead, look into anticipated software and the many values it can hold in your life. We can all but guarantee that you'll be impressed by the benefits offered to you by anticipated software and more so impressed by the time you save on remedial tasks and instead get to spend with your family or doing things that you enjoy.

De-stress by Streamlining Your Life

2009-09-17T09:34:00.001-07:00

Life is stressful enough without having to worry about time management and other small details that often get us off our schedule and off our rockers. Believe it or not, modern technology has come up with a way to make all of the stresses of everyday life a little easier to deal with. Whether you’re struggling with time management, money management, or a host of other day-to-day stresses that keep you on edge instead of in your comfort zone, there is an anticipated software available to help meet your needs.

Anticipated software is designed to help people accomplish remedial tasks with relative ease and speed. Now you can expediently solve all of your time management troubles, teach your children about money, focus on organization and streamlining your everyday life, so you’ll have more time to spend with your family and doing the things you enjoy. You don’t have to worry about balancing that checkbook, stacks of paper and other clutter, and a host of tangible resource material that’s cluttering up your office or bedroom any longer.

Instead of falling victim to disorganization and stress, consider enlisting the services of anticipated software for streamlining and organizing your everyday life. Plan your grocery list, educate yourself on stocks, teach your children what it means to save money and plan a budget, organize your household documents...you can even use anticipated software to organize your sound files and streamline your music collection!

There’s no need and no reason your current computer, household status, and life should be filled with stress and disorganization. Consider browsing through some the options available in terms of anticipated software and feel the weight of the world come off your shoulders. Once you’ve learned how to use your anticipated software effectively, you’ll be able to manage your household virtually stress-free.

To anticipate means to predict. The anticipation and prediction of your needs is what anticipated software is designed to do. Basically, anticipated software can meet your needs before you know you have them. When it comes to streamlining your life, there’s no time like the present.

"Mommy, Can You Buy Me That?"

2009-08-27T10:11:00.001-07:00

Let’s face it; money makes the world go round. As such, it’s important that we not only know how to manage money, but that we know how to teach and pass on the legacy of handling money to the next generation.

Have you ever been in line, waiting to check out at the store, when you hear a small child say, “Mommy, I want this, can we buy this?” To which, Mom usually replies “Not this time, we don’t have the money.” In the most comical of circumstances, one that’s more common than you may think, the child then returns, “Sure we do, write a check or put a card in the thing, Mommy.”

The fact of the matter is, as comical as it may be, unless Mom teaches the child about money, the child may end up developing some bad habits. Unfortunately, most parents have no idea where to start when it comes to teaching their kids the ins and outs of the dollar.

The good news is that there are some high-quality tools you can use to ensure that your kids learn what it takes to manage money wisely. In fact, you can teach your kids to save money, set goals, organize spending, and even schedule savings to apply to future purchases!

You’re likely asking yourself how all this is possible. The answer comes in the from of a company called Cobraback. Cobraback is a company that is dedicated to the development and publication of anticipated software. Anticipated software is software that “anticipates” future needs and applies itself to the rectification of said need. For example, your child’s future need to understand and handle money responsibly.

The coolest thing about the Cobraback product line is that it doesn’t just end with money management. There is a wide variety of software products to choose from, each pertaining to a different anticipated need. Whether you’re trying to calculate the best days for the potential conception of future children or you’re hoping to make your website more dynamic, Cobraback has a software geared to suit your needs.

The main reason we’re getting behind Cobraback is because their products stand out among their competition. Out of every software product line we’ve reviewed, Cobraback software is the best. So, if you’re hoping to streamline your life, teach your kids, or multitask with ease, consider looking into Cobraback software.