Cut the Financial Umbilical Cord
HOW TO RAISE FISCALLY RESPONSIBLE ADULTS
to learn the ins and outs of how credit cards work while still having a safety net to protect their credit. Introduce them to the concept of interest. Interest can be beneficial or a disastrous
Adulting is all about doing your own laundry, cooking, and grocery shopping. It means making informed decisions about time management, organizational skills, and understanding how to be financially responsible.
But how do you teach your teenager financial responsibility? Let’s explore five important lessons your child needs to gain financial independence!
hindrance, so your teen needs to understand how it works. While it can be beneficial for certain savings accounts, it can wreak havoc on credit card debt.
Help them find opportunities to earn money. Before your teen can learn to properly manage their finances, they must first make their own money! If they don’t have a job, encourage them to begin the hunt. If your teen is still too young to hold a job, consider paying them for chores around the house or yardwork. Once your teen has a cash flow, you can then teach them how to separate it into spending money and cash to save. Open a bank account . If your child doesn’t have a bank account yet, it’s time to set up a checking and savings account for them. It’s a great way to provide them with financial independence while they still have access to your guidance. While credit cards can be scary to trust your learning teenager with, you should consider a prepaid credit card they can use
Demonstrate interest with different real-life scenarios to show your
teen how they can grow their money or rack up tons of debt.
Whether your teen has just started earning their own money or is preparing to handle finances on their own, these simple tips can help you start training a fiscally responsible adult.
MASTER THE WAVES
Ocean Activities the Entire Family Will Love
who regularly go snorkeling see it as a form of therapy that helps them relieve stress and anxiety. Feeling more relaxed and at peace will help make your vacation feel even more magical. Grab a board. If you want to experience something slightly more intense, you can try some of the many ocean activities involving a board. First-time ocean-goers will love using a boogie board or bodyboard to ride the waves into shore. Those who are more experienced may enjoy surfing for the first time or renting a standing paddleboard. Many beaches on the Atlantic and Pacific coasts have paddleboard rentals or surfing lessons. Be on the lookout at your vacation destination if you want to take advantage of these exciting activities. Tour the ocean. You may want to get away from the beach and experience open waters beyond the shore. If that’s the case, you’ll want to see if your vacation destination offers glass-bottom boat or submarine tours. Some beaches even have whale-watching adventures, which provide an excellent opportunity to see some of nature’s largest creatures in their natural habitat.
Summer has finally arrived, and many of us will be going on weeklong excursions to the coast to get some much-needed rest and relaxation by the beach. For years, the beach has been one of the most popular summertime destinations for Americans, with millions of us flocking to the coast every year. If you’re planning to hit the sand this summer, you should prepare some exciting activities, so you and your family or travel partners can create memories that will last a lifetime.
Here are a few oceanside activities you’ll want to check out on your vacation.
Explore through snorkeling. Many people want to try scuba diving while on vacation but don’t have the time, training, and finances required to go on an excursion. That being said, you can get pretty close to the scuba-diving experience by snorkeling. Using a snorkel in the ocean, especially in flat water, is a great way to explore the underwater world. You’ll be able to spot fish, crustaceans, and other sea life without needing extensive training. Those
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