The 5 smartest steps I've taken with my money to protect my kids, no matter what happens - Business Insider

, I would have realized just how a large car payment or credit card debt can hinder your borrowing ability for more valuable purchases, like a home.

I don't want my daughters to make the mistakes I did, so I plan to teach them important financial concepts. In order to do that, . I listen to personal finance podcasts and read online, educating myself so that I can pass it onto the next generation.As a business owner and freelancer, my income can be unpredictable. Having a budget is important for. Using a budgeting software that lets me plan ahead ensures I always have money for essentials and fun stuff , even if one of my clients pays late.

The budget also gives me a framework for talking to my older daughter, who is 5, about money. When she asks for a new toy or expensive outing, I explain that we have a set amount of money to spend. We can choose to spend it on a toy or movie excursion, but that will mean we have to compromise elsewhere, like getting pizza that week. I'm teaching her to live within her means, which will hopefully protect her from overspending in the future.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Best stocks to buy for post-coronavirus, oil crash rebound: Jim Rogers - Business InsiderJim Rogers, the famed investor who earned a 4,200% return with George Soros, told us the best 2 assets to buy for profits after a 'total collapse' in markets
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Chase Offers are my new favorite way to save money with credit cards - Business InsiderA little-known feature of Chase cards helped me save $64 at Staples, Whole Foods, and Airbnb in one month alone
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

U.S. airlines cut 2020 outlooks and slash flights as virus takes toll - Business InsiderMost airlines, including smaller US carriers like Southwest and Spirit, have drastically reduced capacity as demand for air travel sinks.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

5 things a CFP tells every new parent before taking time off work - Business InsiderYou might want to stay home, reduce hours, work from home, or freelance. Start with what you really want, and see if you can make it work. I always have more than one thing going on at a time so I leave it halfway and get to the other and then leave that get to other.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »