Our attitudes towards money are, to a great extent, shaped by our parents. And yet, according to a study, less than 50 % parents admit to teaching their kids about finance. Here are six great ways to help kids grow up with a healthy attitude towards money.
1. Practice what you preach. Children learn best by observing their parents. If your kids grow up seeing you save money, they are more likely to do the same later. Make it a point to explain to them how you take steps to save money and avoid wastage.
2. Give an allowance. Rather than giving kids the money they ask for, give them a fixed allowance. This will teach them to prioritize on how and where they spend "their" money. They will also have to decide between spending the money and saving it for future use.
3. Teach them the value of money. Once you have settled on an allowance 'amount,' don't indulge them with liberal advances. If you must, charge them an interest-this way kids learn that everything good has a price.
4. Let them earn. One way of teaching your kids to value money is by letting them earn it. You can pay them to do chores such as washing the car, running errands, or raking the lawn. You could even make a deal whereby they clean out the attic, for instance, and keep the money earned by selling the unwanted stuff that comes out.
5. Encourage business skills. Encourage entrepreneurial skill in your kids by helping them find ways to raise money. For instance, they could easily earn good pocket money by running a lemonade and cookie stand, or running a dog walking service.
6. Open an account for them. Teach your kids wise saving habits by opening an account for them and teaching them how to use it. Allow them to withdraw the money under your supervision. Besides learning to use and monitor the account, this will also be a lesson in the importance of investment.
Paul Banas is a founder of GreatDad.com. He writes articles on father and daughter, parenting skills, family planning, pregnancy care and many more topics related to dads.
This article is free for republishing
Source: http://www.articlealley.com/article_599100_27.html
Saturday, August 16, 2008
Top 6 Ways to Teach Your Kids About Money
Foreign Exchange Trading: Making Money without Too Much Work
You are probably wondering why every time you go out of the country either for work, business or for leisure purposes, you get to experience various exchange rates, depending on what country you are in, which more often cause your money to become less or bigger in value at a certain point.
What you get to experience are only the effects of what is called currency trading or much known as Foreign Exchange or forex trading.
Forex trading is an exchange of currencies— buying and selling of currencies— among the countries and is being facilitated in the Foreign Exchange Market.
There are various categories of participants playing in the Foreign Echange Market. Among those are the consumers, businesses, speculators, investors, commercial banks, investment banks and central banks of various countries.
Since most of the players of the forex trading include giant banks, people tend to have an impression that forex currency trading is only for those who have big capitals like those big-time investors. Additionally, for many, they think that forex trading is merely a means of exchanging currency for you to be able to purchase a good or service from a country with different money.
What most people do not realize is that, anyone can greatly make money from forex currency trading. Anyone can participate in the forex Market and perform their trades. Even if you are a person with small capital, you can certainly invest to it.
Investing in currency trading or in forex is one of the wisest forms of business to have nowadays. It is like investing using your money to create more money. As a matter of fact, if you go to other countries today like Singapore, a lot of people have been learning the systems in foreign exchange trading so as they can participate in the forex Market, wherein they can invest their money and make money faster than anyone can ever think of.
Compare to the other money making investments, forex trading is something that offers a lot of benefits to its investors. It does not merely produce money but it also gives opportunity to its investors to earn profit even while staying at home, doing other stuff or merely taking rest.
Through online forex trading, which is now largely done worldwide, investors can certainly earn money even while they are just sitting at home and watching their favorite television program. What they need is just a set of computer or even just a mobile phone and an internet connection then, they can already perform their trade and make money.
Unlike other businesses, online currency trading does not require you to be in an office everyday, which causes you to wake up early in the morning; skipping your breakfast sometimes and face traffic everyday because you need to rush to work.
Online forex trading works 24 hours everyday, except on Saturdays and Sundays that is why there is no need for you to rush. You can have your trade even after all of your other appointments. You can check out the forex market even before you go to sleep at night. So, why rush on things, if you can be able to make money without hurrying up yourself as if you are in a sprint marathon.
These are only few of those many benefits that you can get from forex trading. So why waste your time now? Start making money now with online forex trading and experience earning profit without too much work.
This article is free for republishing
Source: http://www.articlealley.com/article_599977_15.html
Wednesday, August 13, 2008
Windows Or Linux -- Which One Is Better Option For Web Hosting?
Once a web site is ready, the next confusing thing is the server on which the web site goes on. Deciding on a web hosting service is something that might get anybody perplexed. There are mainly two types of website hosting services – Windows and Linux. If the business is small then you can even try out the Shared Linux and Windows hosting service. Windows as well as Linux website host services have different benefits and limitations.
Linux hosting is one of the most common and significant hosting service on the net. The main reason for this web hosting is that many companies which are using it are open sources and quite affordable compared to Windows. Linux is much easier to manage as the business grows online. Windows hosting supports all operational functions of Windows system. It maintains programming frameworks such as ColdFusion and ASP.net. It also backs SQL servers which is extremely useful when creating a website regarding a searchable list. Windows hosting service is apt for people who are used to Microsoft based technologies or equipments.
The biggest difference between these two hosting services is the cost factor. Linux services are much low-priced in comparison to Windows. Money does play an important in website hosting especially when new web owners are starting off. But, the main reason for Windows hosting service costs to be higher is the fact that many Windows technologies are licensed. Windows also scores over Linux in the programming department; there are many Windows softwares which are not supported on Linux operating systems.
After drafting out your needs, you can also consult professionals in the web site hosting field on which is a better option. But, it is always advisable to weigh the pros and cons before making that choice, so that you do not regret in any possible where. There are many hosting companies that can help you with the right web hosting solution which will take away all your tension and your entire job will be done within moments. But, make sure to do a reference check before hiring any company’s service.
For more information please visit at IDS Logic- an IT outsourcing company providing internet marketing services, web hosting services, web design and development solutions and seo services in India.
Source: http://www.articlealley.com/article_590212_2.html
General Business Tips
Before one ventures into a business, there are some things one should know. Try and establish a website. Today, the internet can be a useful tool to market your business. In fact, many people are now turning towards the internet to provide details about their products and other information. This saves money on brochures, leaflets and other ads which can be expensive.
One can also perform a market survey to determine if there is a demand for a product or service that you will be offering. And you must identify your completion.
Focus on the market niche. Do not go and try to everything in a business. Focus on the area and that will make your company stand out. This means knowing the target market, the average age, income and educational level of your customers. The more you know about your customer, the more effectively you can market towards them.
Always create a great first impression. From the moment you answer the first phone call, the content, your appearance and your company�s outlook- the first impressions are forever lasting.
Try and meet the right people in the same business as you. Participate in events, meetings and even social gatherings. It may not always be fun, but this is one way to meet people who will help your business.
Attend the trade fairs which deal with what you sell and meet other people in the same business as you.
Become familiar in your neighbourhood. Over time your face will be associated with your business. Try and sponsor an event in the community and if available, give talks or speeches at the library or the local school.
One of the hardest part is to market your product. The one way to bring customers to you is to advertise. Besides the internet, one can try the local newspapers, radio and even TV ads. Make flyers or coupons and make sure they are distributed in the entire local neighbourhood.
