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Piggy Banks and Money Boxes are well-known saving methods for children. Penny by penny they store their treasures and while doing this they also learn to save. It is a shame that this lesson is forgotten very easily as we grow older.

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You can find financial advice and financial plans almost anywhere. Using our financial website, we will supply you with the best information and advice, gathered from all over the world, and personalized to fit your needs.

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With this financial website, we aim to remind you how it felt when that piggy bank or money box were filled to the brink and you could break it open and use that saved up pennies. We will provide you with tons of tips, helpful tools.

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Teaching your child to save money when still young and helping them to keep on saving when older

One of the most important things you can teach your child is the financial skills they will need to navigate them through life.  Money might not be the most important thing in your life, but if you do not have it, it can make living very difficult.

Schools do not teach money skills, you have to.  It might be that you were not taught it when young, also, but, you learned through trial and error.  No need for your child to do the trial and error, too.  When children are small they like to save in a piggy bank, money box, glass jar, etc.  They can keep on doing that, using the idea behind the saving, and apply it to their older years, naturally in more adult ways.

Financial Lessons that you can learn your Child:

  1. You might have to wait before buying something you want; is a very difficult concept to grasp. Even for older people.  If kids can learn this ability, saving to buy something you want, it can also predict how successful they will be as grown-ups.
  2. Set up three glass jars, labelled, “Saving,” “Sharing,” and “Spending”; when your child is given money, for birthdays, doing chores, or as pocket money, help them to divide their earnings, equally, between the jars. The saving jar should be kept for the expensive items they want to buy, the sharing jar can be used to help a good cause or helping a friend in need, and the spending one should then be used for buying smaller things, like a candy bar or small plaything.
  3. Learn your child to set goals; for instance, when they want to buy a bigger toy that is more expensive. For starters help them to begin with a not too expensive goal.  You can also help them reaching that goal through ideas to help them create opportunities to have something more to save.

As a parent, you will have the greatest influence on your child’s behaviour towards their finances.  The money ball is now in your hands to help raise a generation with better financial habits and the knowledge to keep those habits through their lifetime.

Fun Ways to Save for that new Carpet for the Living Room or for That End of Year Family Holiday

You can start your holiday fun before the holiday’s starts.  Including the whole family, you can make the saving for the holiday, a family matter, and create fun ways to achieve those savings.  You can also use the same fun methods to save for other expenses.  But start with the holiday that everybody will enjoy.

Ways to include the whole family for saving for the Holidays, and maybe an extra thing or two:

Stop Spending Money on Things you do not need right now; start out with a two-month time limit.  Make a list with everybody’s name on it and the things they mostly spend money on.  You still need to pay your bills and take care of your household expenses, and even though you think there will not be anything left, you will be surprised.  Start a savings account, named “Our Holidays” and put all the extras in this account.

Start Recycling; there are always old stuff in our houses like old electronics, old cell phones, and there are companies running rewards programs to promote recycling.  You can use these rewards in many ways and you will also do your small bit to protect the environment.

Save all your Credit Card and other types of Reward Card Points; different cards will give different types of rewards which will enable you to spend it on different kind of things.

Create a Mystery Jar Challenge; everyone in the family gets a covered jar.  Every small change you have goes into the jar.  A lot like the Piggy Bank of a small child.  At the end of the year, before the start of the holiday, choose a date, all the jars are opened and the family member whose jar yields the most can choose an activity to be done with the money during the holidays.

Finding Additional Ways to Save or Earn more money; children can do little chores for the elderly neighbour and the older kids can find things, like mowing the lawn, or walking the dog, for a neighbour that is out of town.  Selling the craft you create with your hobby can also ensure a penny or two.  You can decide beforehand what you are willing to donate towards the Holidays and then find ways to earn your donations.

All of these saving options can also be applied to saving towards the more expensive things you need or want to buy.

Surviving the Loss of Job late in life or an Unplanned Early Retirement

Most people expect to work until their retirement age.  Or, at least, hope to have a choice in making the decision themselves that it is time for retirement, and that they can afford an earlier retirement.  But, more and more, people find themselves without a job at an age, 5, 6, 7, years before retirement, without a positive outlook in finding another one.

There are lots of reasons this can be happening to someone, none of which will ensure that if you do find another job, you will be set until retirement age.  Another discomforting fact is that you lost your job when you were supposed to be in the peak earning years, finalising a comfortable retirement.  It rarely happens that you will be able to earn as much if you do secure a new job until retirement age.

5 Ways to Help you cope with Unplanned Early Retirement and Late in Life Job Loss:

  1. Work Part-time or consider Consulting work: This way you might be able to continue working in the field you know.  You can also pursue new interests.
  2. Take that job with less status and a lower pay-grade: It will be difficult to find a job that will match the job you had before.  You cannot expect to start off, where you were let off, in terms of salary and benefits.  Adjusting your expectation can help a lot when you look at new options.
  3. Reduce your expenses: This could mean that you might need to sell your house, relocate and tighten your monthly expenses.
  4. Remember that you have Unemployment Benefits: There is no shame in using those benefits. You paid for it every working month and should use it, as such.  There might be other benefits that you could be eligible for, for instance, food stamps, disability benefits and more.  You can do a bit of research, to help you find all available help.
  5. Stay in contact with your professional work related networks: Staying in contact will ensure that you know of new possibilities for work opportunities.  Knowing people can bring more opportunities, and open new doors.

You also have the option of Social Security which will be your saviour against a poor, struggling, retirement.  Do your research to find the best way and age to get the best out of your Social Security benefits.