We Will Rise- Women of Inspiration
Give Your Way to Wealth
By Olakitan Wellington
Parents, most times, think that their children are too young to give and therefore do not teach them the concept of giving. I am talking of charitable giving which is different from children sharing with their siblings.
I am making the above clarifications because a parent had argued with me before that she teaches her children to share whatever each of them has; and thus has taught her children the concept of giving. It is natural and easier to give to close relatives, especially those you know will (or can) give you back.
Charitable giving is not usually taught in most homes. The first exposure children have to charitable giving is usually in religious gatherings (church, mosque, etc.) Even then, children don't fully understand the concept and may not even be involved in the process. They give offerings in church and see their parents do the same but may never be aware of what the money is for. At best, they know it is "God's money".
It is crucial to let children know how helpful it is to give and why they give. We need to explain to our children the different options of Charitable Giving and the benefits of it to them. Teaching them about charitable giving does not mean we have to pressurise or force them to give to a particular cause, but that we explain the process and the benefits of charitable giving to them. Life examples abound all around us. Once we teach them the concept and principles of giving, we then need to allow them to make their decisions where they want to give.
We are obliged to show them different options of charitable giving they have; and then allow them to make the choice of where they want to give. This will enable them give willingly from their hearts and experience the joy of passionate giving. You will be surprised how imaginative and generous children can get.
Always Give First
Whatever money comes into your child's hands, he/she should remove a minimum of 10% of the money in order to give it away. Even as adults, when we earn our income the first thing to do is to deduct the 10% for giving, before we start spending or paying bills. Unfortunately, a lot of people want to pay 10% of the left-over from their income. This is not what God is telling us to do in order to be blessed. Giving first will teach children (and adults) to appreciate getting the money.
God says in Luke 6:38
"Give, and it will be given to you: good measure, pressed down, shaken together, and running over, will be given to you... "
This means a charitable giver will receive abundant blessings in multiples of what he or she voluntarily gave. When you give unconditionally to others and without expectation of anything in return, your giving will return multiplied. This is further confirmed in 2 Chronicles 3:10 where Azariah said:
"Since the people began to bring the offerings into the house of the Lord, we have had enough to eat, and have left plenty; for the Lord hath blessed his people... "
Be a giver and you shall be greatly blessed in Jesus name. Shalom
Get free information on how to teach your children about money management? Your children will learn basic wealth creating principles with purpose-invented and engaging fun tools. Olakitan Wellington is a seasoned Financial Literacy Education Expert with a passion to help people create and enjoy a wealthy lifestyle. Visit her resourceful site to gain free access to financial literacy tips and resources on How to Raise Wealthy Children
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Are Your Finances Ready for Fun?
By Scott D. Serfass
While the best things in life are free, as the saying goes, some of life's great experiences do have a price tag. If you're considering fulfilling your childhood dream of hiking the Appalachian Trail or you're offered tickets to see your favorite team play in the championship game, you know these experiences can be costly. Yet these opportunities can be within financial reach if you have a plan and sufficient funds set aside. The following do's and don'ts can help you take the right steps to make these dreams a reality.
Do calculate the total cost of the experience. Many opportunities have upgrades or additional options that can make the experience memorable. Think about what the ideal experience looks like for you, and factor those extra costs into your budget. Be sure to include the cost of accommodations and airfare if participating requires you to travel.
If you're traveling with family or friends, discuss your expectations before you go. That way, if your friend wants backstage passes or a seat upgrade, you can prepare your budget accordingly. You'll also avoid an emotional decision in the moment that could derail your finances.
Do make saving a priority. Start by looking at your recent spending and identify ways to allocate money to fund your dream. If you have a recurring subscription or a cable package you don't use, consider eliminating the expense and funding your dream instead. Next, create a savings goal, or the amount you'd like to earmark for those VIP tickets each month. Having a goal may help you reign in impulse purchases, because your financial priorities will be top-of-mind.
If you're still tempted to spend the money elsewhere, consider establishing a separate savings account. Many accounts allow you to set up an automatic transfer into the dedicated account each month. If you have the option, automatic transfers could help make the process of saving easier.
Don't spend your emergency savings. While you may be tempted, avoid tapping into your emergency fund. This money should be used to meet a sudden unexpected expense or to fill the gap in case of a job layoff. If you fund your scuba vacation instead, you do so at a possible risk to your long-term financial security. Unforeseen expenses can occur at any time, so you want to have sufficient money in place.
Don't forget to keep funding other financial priorities. As you save toward your dream, make sure you continue to fund other long-term financial goals, such as your retirement or your child's college tuition. If you want help balancing your priorities, consider meeting with a financial professional who can work with you to develop a strategy that addresses your unique situation.
Do enjoy the experience without the financial guilt. If you take the time to create a plan and be diligent about saving, chances are that you'll be able to enjoy the experience without thinking about its impact to your budget. Your dream will feel even more fulfilling if you feel good about the financial decisions you made to get there.
Scott D. Serfass, CFP®, CRPC®, CDFA, CLU®, ChFC® is a financial advisor and senior partner of Serfass, Phillips & Associates, a financial advisory practice of Ameriprise Financial Services, Inc. His team specializes in helping people retire confidently and develop a plan to effectively share wealth across multiple generations. Throughout his career, he has witnessed many families continue to grow despite global and economic turmoil. This experience and research paved the way for his book, Family Success.
To contact him, visit
My Tips on Improving Your Finances for Life
By Jacques Sassin
There is no way to avoid dealing with money and finances these days. Therefore you should try to learn as much as possible to help you make good financial decisions and to increase your confidence about money.
When you make a budget, it should be realistic regarding your income and spending habits. Be sure to include all of your income such as alimony, child support, rental income, or any other. Always use your net income not your gross earnings in these calculations. Once you have the numbers, you can consider how to adjust your spending to stay within your income range. To maintain your budget never exceed your incoming cash flow.
The next step is to total up your expenses, and you should make a list of all monthly expenses. Your list should document each and every expense that you have whether it expense, spontaneous or just a one time expense. Remember that this list needs to have a complete breakdown of your costs. Be sure to add in expenses that you have from restaurant dinners and fast food as well as grocery bills. Reduce expenses linked to your cars, such as gas and insurance. If you have payments that you make quarterly or less frequently, divide them up to reflect a monthly payment. Make sure you include incidental expenses, for instance, baby sitters or storage unit rentals. Try to have the most accurate list possible.
Now that you have a good idea of your income and expenditures, you can start planning a new budget. Look at each expenditure on your list, and decide what you could do without. If you normally buy coffee from a cafe, calculate how much money you would save on a weekly basis if you bought it from McDonald's instead, or made it at home. Exactly what and how much you are willing to compromise is completely up to you. The first step is identifying expenses that are not necessary so you can use the money for something else.
If your utility bills are rising, you may want to upgrade your appliances to save some money. Upgrading to well-fitted double-glazed windows, for example, can reduce your heating bill dramatically. Besides you can repair any leaky pipes and only run the dishwasher with a full load.
Swap old, inefficient appliances for those that use less energy. Although doing so may cost you some money upfront, over the long-term you will save a fair penny on your utility bills. Unplug the appliances you do not need. In time you will notice significant savings in your energy consumption.
You can make a significant decrease in your heating and cooling bills by improving your insulation, as well as the roof above it. Insulation or roofing issues can be very costly, as maintaining a regular temperature in the home can be expensive. If you invest in the upgrades, it will save you a lot of money in the long run.
Using these tips not only saves you money, but it also helps you start bringing your budget under control. An expensive upgrade can save a lot of money in lowering electricity or water bills. This is one way that you can make your budget more reliable.
My passion and vision is about educating people on how to participate on certain platforms to protect their money and then multiply their money and create a passive income via the internet. My personal profile page = http://jacquessassin.com/
The Right Choice With Credit Cards - A Deep Thought
By Rizvana Manzoor
The credit card has become the most convenient and common instrument through which you can make all your payments. These cards have topped the list of modern short-term credit facilities and are proven to be the cheapest form of credit and are easily accessible at any POS point. Keeping all the benefits rendered by the cards, a majority of the population who are in need of short-term credit would like to go for a credit card over the other modes. However, not everyone can choose a card which would optimize the returns from it as very little information about it is available and known.
These cards are generally issued by banks, financial institutions and by some stores. The cards bear a certain credit limit and this limit is set by the issuing companies considering your income, previous credits, and the payment track records. Once you apply for a credit card considering all these circumstances your credit limit will be fixed and each time you make a purchase by using this card the amount will be added to your credit card. You will be given with an interest-free period during which you don't need to pay any interest on the amount of credit you used on the card. Generally, the interest-free period lies between 20-55 days and it varies depending on the issuer company.
The information that we specify here will give you an idea on the basics which would enable you to choose a card with the higher interest-free period so, that you can get more interest-free credit limit and also more repayment time. However, along with the basic information on these cards let's look at the few more tips or tricks on choosing the best.
- Get your credit scores: Assess your credit scores based on which you will be issued a card with higher benefits. The credit scores will make your card choices much brighter if the score is good and vice versa if they are not.
- Identify your type - There are numerous types of cards available in the market. Choose or identify the card of your type. While choosing your type, make sure you will choose a card which can improve your credit card limit and also save money. There are cards on which you will earn reward points on each purchase which you can redeem at a later date.
- Make your credit Choices- Make a list of objectives for choosing a credit card. It is not advisable to swipe a credit card every time just because you hold one. So, make sure of the primary objectives behind taking a card and limit yourself to use the card only for that purchase.
Finally, beware before you choose your credit card and use it wisely to avoid unnecessary burdens. Remember prevention is always better than cure!
3 Smart Ways to Make Money
By Aman Tumukur Khanna
The Internet has truly touched lives. It has opened several opportunities for the people who stay in their homes and make us of this advanced form of technology. It does not require the person to be an expert technically. Online business has opened vast opportunities for the people and letting them live their lives on their own. Every day there are numerous transactions that take place online. The top ways to make money are as follows.
1. Manufacture or produce your unique product- This must be something related to information, like the eBooks, video courses, methods, or reports. The viewers should be able to download them on their smartphones and their computers. This is a great thing because once the information product is made it can be sold several times.
But the question here is who are going to pay for the products. The answer is the people who are in the need of the product will be willing to pay for them because they might not be ready to search for them for long and waste their time. To create such information you need not be an expert, you just have to have a little more idea than the audiences and that would be enough.
2. Sell others products- You can advertise for someone else products. When someone would be buying the product from you then the company would be paying you some of the profit as commission. This s affiliate marketing. This method is frequently used by the people who want to make money online. Everything that a company manufactures can be sold and thus it can be a subject for your information.
The relief is that you don't have to worry about the manufacturing, packaging, and shipping of the items. Everything would be done by the concerned authority.
3. Make use of your skills- If you already are an expert n a field, say dancing or hobbies, that you know people would be liking, bring them out. This can also be an expertise of creating the graphics, designing internet, translating the language, marketing, bookkeeping, etc. you can sign up for free from several websites rather than making a website for yourself.
The convenience of this kind of technique is that your age, caste, creed, and gender are irrelevant. Nobody will be asking you your qualification or technical abilities. Thus, go ahead, plan your information, and let it go live to let you earn from your home.