Money Management 101

Money Management 101
by Bob Benson

Managing your money is a big task. But if you want to get by in this world, it’s something you have to do. It can be too painful for some, so it gets avoided. But for the people who realize it, the pain/reward relationship is well worth the trouble to spend a few minutes managing your money.

After all, money makes the world go ‘round, so make sure you get your share! And the good news is: it’s as easy as controlling what you’ve got!

Here’s what you need to make sure that you have control over your financial situation. Here are some valuable budgeting techniques to guide you in your expenses and income.

The first thing you want to do is make sure that you pay for your utilities on time and in full every month. Don’t wait until it’s too late to pay them. The second thing you need to do is make sure that you don’t have too many credit cards. Only a few credit cards are necessary to get by in life. You should consider cutting up the rest of them. And the third thing you should do you, if your bills have gotten the best of you, is to consolidate them into a single loan. This will enable you to pay them off over time without getting slammed with high interest rates.

Finally, establish a budget for yourself. This seems difficult and that’s why most people don’t do it. And because people don’t have a budget they find themselves in financial straits.

The easiest way to establish a budget is to take a draw a line down the middle of a piece of paper. On the left, write down your after tax household income. Be sure to write down the after tax amount as you want to measure available income only. After all, you don’t get to spend the before tax amount, right?

In the right column, list an average of each monthly bill. But you should also include your typical spending habits as well, like eating out, or impulse shopping. Don’t forget to include paying off your credit card as part of the bills!

Now that you have a list of income and expenses, see if there’s a way to increase your income, or reduce your expenses. Usually you’ll find a way to do a little to both.

While it seems so simplistic, so few people do it. And yet, creating a budget and sticking to it often separates the successful people from everyone else. What’s stopping you from doing it right now?

Jeff Lakie is the owner of http://loan-secured-share.co.uk providing Uk homeowners with a free loan quote service. Visit us today for a free no obligation quote.

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7 Easy Ways to Teach Your Children to be Grateful for What They Have

7 Easy Ways to Teach Your Children to be Grateful for What They Have by Laurie Meade

Here are some easy ways to incorporate instilling the virtue of gratitude in your children. As you go through your day, show them, the wonderful events going on behind the scenes that we all most usually take for granted.

1. Set the Right Example.

It is better if you teach them by using the appropriate words at the right times yourself. How many parents do you see saying “Thank You” to there two or three year old children. It is through example that kids learn best, and teaching gratitude is no different than anything else in that respect. “Children Learn What They Live!”

2. Teach It Through Role Playing.

You can play games with your children that implement the virtue of gratitude. Play the second chair and practice showing them how it feels to be on the receiving end of an unexpected, “Thank You!”

3. Teach by Showing Them How to Be of Service to Others.

Even simple things such as holding a door for an elderly person, are small ways we can show them how others appreciate us and our actions. It is also a way to put a smile and a lift into a strangers day, which always creates a good feeling within the person who is doing the kind act as well.
You would be surprised how many times a simple gesture like this can occur in your normal day activities, in places like grocery stores, doctors offices, or shopping trips.

4. Make a List.

An easy way to get them to make lists of what they are thankful for is to use “The Daily Gratitude Journal Software” You will find a link to this software in the resource box at the end of this article. There are two versions, one written in “kid language and displaying an output of “kid fonts” and an adult version as well.

5. Teach Gratitude While Going Without Things.

Recently my single family of three kids and myself had to deal with a full 24 hours of no power. This outage caused by a wind storm, was an ideal opportunity for me to teach them what we had to be thankful for that we normally took for granted. Simple things like, lights, heat, and being able to watch Tv, were just a few that quickly came to mind.

6. Show them How to Be Thankful for the Little Things in Life.

As in the previous example, although, most of us would not consider heat and light little things, they are things that are always there for our kids, so they are simple things that they usually don’t pay much attention too.

Other simple examples could include; having food to eat all the time, friends to play with, and having plenty of toys and school supplies. Showing them examples of third world country children who go without these things is a way of teaching them appreciation for what they have, too.

7. Teach them to see the good in someone they don’t like.

You can even use a negative experience to teach them the value of being grateful. When I think of this, immediately what comes to my mind is the Walt Disney movie, “PollyAnna” where she played the “Glad” game and found many things to be grateful for in every situation she encountered. Renting this video, watching and discussing it with them would be a great, gratitude building quality time family activity.

As you go through your day, show them, the wonderful events going on behind the scenes that we all most usually take for granted. Things like the police, who protect us, the firemen who are there for those who need them, and the clerk at the grocery store doing her job to help us get our food. Simple thank you comments to all of these daily activities is the easiest way to role model appreciation that they will learn and emulate.

Learn more about teaching kids the lost virtue of gratitude. Visit: http://www.dailygratitudejournal.com/software4kids.html for more Free Tips on Teaching Kids Gratitude. Join our discussion on the benefits of gratitude journaling by visiting: http://dailygratitudejournal.com/Tips-for-Life-Software-and-Forum/index.php Find more great content articles at http://articles411.com

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