Giving Allowances To Your Children

Saturday, March 21st, 2009

Children also learn from experience, so apart from setting a good example, parents should give the children practice in handling money. This is where an allowance can play an important role.
Why Give Allowances To My Children?
An allowance can be a good teacher because it allows children to manage money in a safe environment. The sum [...]

Tips: Why Should I Own An Insurance Policy?

Friday, February 13th, 2009

Here are some reasons why that you should own insurance:

As a preparation if struck by a disaster, we do not know when an accident will occur.
Having insurance while still young and healthy can give higher returns when the insurance has matured.
As a future savings for a source after pensioning.
Increasingly higher cost for learning. For example, [...]

Teach Children Money Management at Their Young

Friday, February 13th, 2009

Children are not born with good money management skills, they have to be taught. And parents can start doing so around the age of three. By then the child will usually have a vague concept that money can be exchanged for food or toys. This they observed when they go out shopping with the family.
Setting [...]