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4 Tips for Motivating Your Kids to Pick up Good Habits

Every good parent wants their child to have the best possible future, and to succeed in life to the best of their abilities. But what should you do, in the here and now, to make that happen?

While, of course, there aren’t any clear-cut answers to a question like that, it’s probably a good idea to assume that your child’s habits will have a dramatic impact on their future, and on their ability to be successful in whatever it is they attempt in life.

By the same token, instilling good habits in your child isn’t the kind of thing that you can just do in a completely authoritative, top-down way. Rather, as with so much else in life, it’s very important to hone your own motivational skills, so that you can motivate your kids to pick up and maintain good habits of their own accord.

Here are a few tips for motivating your kids to pick up good habits

4 Tips for Motivating Your Kids to Pick up Good Habits - teaching kids good habits - piggy bank image
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Present positive behavioural examples to them in the form of uplifting stories

Kids are always looking for examples to model their behaviour. That’s why role models are so important, both in terms of parental role models, and in terms of broader cultural role models.

One of the best ways of motivating your child to do positive things, and to acquire positive habits of their own accord, is by presenting positive behavioural examples to them in the form of uplifting stories.

If you give your child a story that explains sound financial principles, or that underscores the importance of keeping a tidy bedroom, for example, it is much more likely that the child will engage and identify with the story they’re being told, take the message to heart, and at the very least will be receptive to following the advice contained within.

Sometimes, you may even find your child spontaneously acting on the moral of the story, without you having to do or say anything else.

Be sure to praise and reinforce positive actions, instead of just treating them as expected

Children are always looking for praise and approval from their parents, and so when your child does something that you like and consider positive, it’s important that you praise and reinforce those actions in a clear way.

If you simply treat those good behaviours as run-of-the-mill and “expected,” you will be depriving your child of the emotional stimulus that can make all the difference in helping them to create positive associations with those behaviours, and to actually feel motivated to engage in them on a regular basis.

In some cases, and for some particular actions, it may be appropriate to give your child some kind of small gift or treat as a reward. Often, though, it will be enough just to smile and tell them they’ve done a very good job, and that you’re proud of them.

Use visual tracking systems such as star charts in order to make the process more tangible

Even as adults, we all tend to take a lot of satisfaction in seeing visible markers of progress and success. That’s why various leading fitness apps will show charts, and will give us comparative stats, to keep us motivated. And it’s also why crossing items off a checklist can feel so deeply satisfying.

For children, of course, the same principles apply, and they apply even more so.

If you want to motivate your child to pick up and stick with positive habits, consider using visual tracking system such as star charts, in order to make the process more tangible. As your child accumulates more and more stars or other positive signifiers, they will naturally feel more inclined to keep going, and their momentum will increase.

Lead by example

There’s no point at all in telling your child to do something, if you yourself then proceed to do the opposite, right in front of them.

Children, when all is said and done, are far more interested in following the examples of their parents than they are in following the advice of their parents.

In other words, one of the best things you can do to help motivate a child to establish good habits, is to lead by example. If you tell them it’s important to keep a tidy room, then make sure your is tidy. And if you expect them to get dressed in daytime clothes every morning, then don’t let them catch you lounging in front of the TV in the afternoon in your pyjamas.

Worried About Missing A Credit Card Payment?

Forty-six million Americans (almost 1 in 5 adults) think they will miss at least one credit card payment due date in 2020, according to a new WalletHub credit cards survey released today. This indicates that cracks in the foundation of consumers’ finances are beginning to show, under the strain of mounting debt. The average American household already owes a near-record $8,700 to credit card companies. In light of that, WalletHub’s survey examined people’s experiences with late payments and their attitudes regarding the likelihood of future encounters.

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Why do so many people expect to miss credit card due dates in 2020?

“The reason that roughly 46 million people expect to miss at least one credit card due date in 2020, according to WalletHub’s latest credit card survey, is that we’re stretched too thin – in terms of both time and money,” said WalletHub CEO Odysseas Papadimitriou. “U.S. credit card users started 2020 with more than $1 trillion in credit card debt. Up until this point, we’ve managed to keep our accounts in good standing at historical rates. However, expecting to miss due dates is a sign of cracks in the foundation. And not only do 18% of people expect to miss at least one credit card due date in 2020, but 30% us say that not having enough money is the reason we’re most likely to be late.”

What are some tips for credit card users concerned about late payments?

“The easiest way to avoid late payments, and the fees and credit score damage that can accompany them, is to set up automatic monthly bill payments from a checking account for at least the minimum amount due each month. This will at least remove forgetfulness as a potential cause,” said WalletHub CEO Odysseas Papadimitriou. “Automated payments won’t do much good if you don’t have enough money in your bank account, however. So careful budgeting and saving are key, too.”

Is it worth asking credit card companies to waive late fees?

“Credit card users who almost always pay their monthly bills on time but fail to do so once in a blue moon should definitely try to ask their credit card company to waive any associated late fee. It really can’t hurt, and 9 in 10 people who’ve tried in the past say they’ve been successful at least once, according to WalletHub’s new credit card survey,” said WalletHub CEO Odysseas Papadimitriou. “This is actually one reason why credit cards that emphasize ‘no late fees’ as a feature are sometimes overrated. You might get that on other cards, anyway, just by asking. Plus, ‘no late fee’ often actually means no fee the first time you miss a due date. After that, all bets are off.”

Key Survey Findings

Credit card issuers are forgiving…if you ask nicely.

Nearly 9 in 10 people who have tried to get a credit card late fee waived were successful. Women are 18 percent more likely to have tried to get a fee waived than men but are also 2 percent less likely to have been successful.

Payment priorities change with age.

People aged 18 to 44 are most worried about missing credit card payments. The 45-59 demographic is most concerned about their mortgage, while those over 59 put tax payments as their biggest worry.

Luxury can lead to lapses.

People with high income are almost twice as likely to miss a credit card payment due to forgetfulness as people with low income.

Men and women react differently to fees.

When asked about their attitudes toward getting a late fee, women are 39% more likely than men to feel “punished.” Men are twice as likely to feel “indifferent.”

Moving In With Your Partner: Tips and Tricks

There are plenty of good reasons why you might want to move in with your partner. The main should, of course, be that you love spending time with them! And then there’s the financial aspect, too. Suddenly, since it’s two people rather than one, you’ll find that you’re able to look at more expensive places, without actively spending any more cash on rent than you currently do. 

However, while there can be many benefits to cohabiting, it’s important to understand that it won’t all be positive. Mistakes can be made! Below, we’ll take a look at some tips and tricks to ensure it’s nothing but smooth sailing.

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The Right Time

It’s exciting to be moving in with your partner, but it still does involve a move, and that can be stressful. Even though many people say “other people get stressed when moving, but I won’t,” it rarely turns out that way. There are a lot of things that need to be handled, and things can get messy. That’s why it’s super important to pick a time that’s relatively quiet for you. Also, it should go without saying that it’s imperative to move when you’re both in a good place with each other! 

Living in One Space

If you’ve previously been living by yourself, then you’ll have to contend with some practical issues before you move. For example, what will you do with all your belongings? You’re not going to need all of them in your new place. There won’t be enough space anyway, but it’s not as if you’d need two toasters either. So it’s best to go through your belongings, and figure out what you need and don’t need in your new place. You can sell the stuff you no longer need. You can look at using a storage service for the items that you want to keep but can’t take to your new place. It’ll be much easier to live with one another when it doesn’t feel as if the space is cluttered!

Creating a Home

It’s generally a good idea to move into a neutral space, but sometimes it just makes more sense to move into one of the person’s homes. If this happens, though, it’s important to take extra steps so that the person who is moving in feels at home. It could mean redecorating, hanging souvenirs, or just generally allowing both people in the house to have an equal say in all aspects of the home. This approach can help keep a lot of potential problems at bay! It’s also important that you both have your own space within the home. You’re happy to live with one another…but you surely don’t want to be living in each other’s pocket all day.

Give it Time
Finally, be sure to give it time. Any move is stressful, even if you know it’s ultimately the right move. Give it time, don’t expect too much, and eventually you’ll realize that you feel at home and that you love living with your partner!

Preparing For A Family Home Move

When you have to move your family from their usual surroundings to a completely new home, there’s bound to be a lot going on in your mind. Of course you have so many different things to think about to ensure the actual move can be a success, but it’s also important to consider the implications this many have on you and your little ones too. Moving home as a family is a great opportunity for you to come together and bond, so it’s important that you can make an effort to keep the move running smoothly and create the perfect new home environment that you can all settle into in no time at all. So, if you’re planning to move to a new family home and would like to know more about how you can prepare yourselves properly, then read on to uncover some of the best tips and tricks that you can make the most of today!

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Plan In Advance 

One of the key aspects of a successful family home move involves planning as far in advance as possible. Trying to look after yourself and your children whilst working for 40 hours a week can be an exhausting experience in itself, but when you add in the extra task of moving your whole life from one location to another it can so easily become overwhelming. Making an effort to plan will allow you to take the process one day at a time, and hopefully encourage you to stay in control economically and keep at a steady pace to complete your project without the need for stress and worry. Taking advantage of a service such as those provided by nowstorage could aid you in relieving some pressure, as you can box up and store your non-essential items to create more space and increase your ability to focus on the tasks at hand. 

Get The Kids Involved 

Moving home can be a really tricky experience for little ones, as they often do not understand why they have to leave their usual surroundings and transfer all of their stuff to somewhere new. However, getting your kids involved in the process can encourage them to have a much more positive view on the project and maybe even aid them in actually enjoying the move! Asking for their help in simple tasks such as organizing their belongings ready to be packed and choosing colour schemes or design features for their new bedroom will definitely build up their excitement, as they will begin to see the move as a new opportunity for positive things. 

Preparing for a family home move has never been so simple when you are able to take advantage of the tried and tested top tips outlined above. Be sure to plan your move as far in advance as possible to keep stress levels to a minimum, and encourage your little ones to get involved in the process to build their excitement and keep things as fun as possible.

Money Myths That Can Cost You Dearly

We’re all doing our best to drive down the cost of living and make our money work harder for us. In an uncertain economic climate, it can seem like no matter how hard we work or how much overtime we put in we never have enough to go round. The good news is that there’s a lot of advice out there which can help you right the ship that is your household finances, both from online sources and from friends and family. The bad news is that for every piece of knowledgeable and insightful information, there’s half a dozen myths based either on economic principles that just don’t hold water in this day and age or simple wrong-headedness. Here we’ll look at some money myths which will not only hinder the growth of your capital… they can actually wind up costing you dearly…

Money Myths That Can Cost You Dearly - female with twenty pound notes
Image by Public Domain Pictures via Pexels

Service providers will reward your loyalty

A healthy household budget is the key driver of your financial health. And that means accounting for all the household’s costs and doing what you can to keep them manageable. However, when it comes to services like your car insurance, home insurance, utilities, phone and broadband, don’t make the mistake of assuming that service providers will reward your loyalty. In fact, they’re likely to reserve the best deals for new customers and charge you inflated prices for rolling over. 

Why? Because acquiring new customers costs them more, and they’re counting on you to do nothing. Don’t reward their greed!

Bad credit = bad options

The old maxim “neither a lender nor a borrower be” is hard to live by in the 2020s. And while there are occasions when borrowing credit is unavoidable, it can quickly become a slippery slope. If you find yourself needing to borrow more than you can realistically pay off, you may find yourself with a less than stellar credit score

Still, don’t make the mistake of assuming that having bad credit only means you have bad options. Whether you’re looking for car credit or payday loans, it pays to do your homework and compare the offerings of different providers. Don’t assume that bad credit means you only have bad options.  

Investment is better than saving

Saving is the most risk-free way to build your wealth… but it’s also undoubtedly the slowest. Especially if you’ve had the same savings account from your high street bank since you were a kid. Those lured in by the promise of fast and sizable returns can certainly see appeal in the world of investment. But with the potential for great gains comes risk. And unless you know exactly what you’re doing, the value of your investments can plummet overnight. It may be better to move to a better savings account with a healthier rate of interest than ditch savings altogether for investments.

Renting is dead money

Finally, it’s time to put the economic fallacy to bed that rending is dead money. Firstly, a roof over your head is always worth paying for. Secondly, with property ownership comes a level of responsibility that not all households are ready for. Carrying out household repairs and maintenance can create a huge burden on your household’s finances. At least when you’re renting, all that stuff is your landlord’s responsibility.