Financial Skills – How to Budget & Balance Accounts

I was surprised when I asked parents to tell me the life skills they wish their kids knew, and there was a resounding request for a few topics:

How to open a bank account
How to budget & balance accounts
How to write checks and pay bills
And how to start saving for retirement
It seems some of the things we take for granted are, as a result, missing from what we teach kids.
In the last article, we focused on opening a bank account. This article is the second article in the four-part series and will look at how to teach kids to budget and balance their accounts.

Budgeting

It’s not shock that budgeting can be boring and tedious. I’ve personally never been excited to sit down and create my budgets, but it’s something that creates wealth and pays off down the road.

So how do you get kids excited about it? How can you add a little glamour to something so dull and boring? Easy – make it a game with payoffs.

Firstly, it’s important to know how to create a budget, then to adhere to the budget.

Creating a Budget

You may have your own way to create a budget, and that’s fine. In my experience, the easiest way to make a budget is as follows:

On a piece of paper, draw a line down the middle:

Spending BudgetCalculate your average monthly gross income and put that at the top of the page, then multiply it by.80 (for example, if you earned $1,000, you would end up with $800)
Fixed ExpensesWrite down all of your FIXED expense categories (i.e. phone bill, insurance, mortgage etc… ) and put them in one column on the left side of the page
Variable ExpensesNext write in the variable expense categories (i.e. food, gas, leisure, etc… ) and put them in another column on the right side of the page
Fill in all of your expenses
Net Budget after Fixed Expenses – Subtract fixed expenses from your spending budget If it’s a positive number, you don’t need to change anything If it’s zero or a negative number, you should look for expenses that you can cut or lower
Budget variable expenses – Using your Net Budget after fixed expenses, determine what you can spend on variable expenses without overspending each month
Set a budget for each variable expense so you know what you can spend on each category in a given month
Making it Fun
OK, now that you have a budget outline, it’s time to get the kids excited.

I know what you’re thinking: “My kids will never be excited for this.”

They will if you give them some prizes or payoffs. Here’s how:

First, tell them what a budget is and show them the paper. Next, tell them that you’re going to do a contest (if you have more than one kid, this works even better).

Contest 1: Anticipating Spending

The first contest is to see how close they can budget their money to reach a break-even or $0 over the course of a month. In other words, the goal is to predict your spending as close to the penny as possible.

If you have more than one kid person that gets the closest to break-even without going negative wins a prize. With just one kid, tell them that they get $5 or $10 if they reach break-even, and every penny they are off, you deduct 10ȼ

Contest 2 – Saving After Spending

The second contest is to see how well they can budget their money over the next 30 days. If they can save money, tell them you will give them whatever they save. That means if they save $5, you’ll give them another $5 (just like companies matching a person’s 401K contribution).

If you have more than one kid, tell them whoever is able to save the most will win and get a special prize. You will obviously choose the prize since you know your kids best.

Coming Soon

In the next article, we’ll discuss how to write checks and pay bills. You will also learn how to combine check-writing with these contests to simulate the real world of budgeting for your kids.

White Gold Engagement Rings: Choose A Class Apart!

There was a time when Gold was revered as the epitome of tradition. Shining, pretty and absolutely awesome, this yellow metal had it all until other options arrived. Don’t get us wrong, we are not against gold. After all, it’s a precious metal and looks pretty.

White Gold Engagement Rings are the next stage of evolution. Made of platinum, these rings look stylish and sophisticated, of course conveying the sentiment of love through their exclusive design. In terms of malleability and ductility, white gold possesses a nature similar to the real gold. However, in terms of beauty, it is truly for those who have an elevated taste.

Some interesting options in white gold engagement rings include:

The plain band: Nothing is more beautiful than the simple band like design. Yes! The concept of wedding bands has existed since eternity and there is no denying that it continues to be very enchanting even today.

The complementing design: There was a time when wedding bands had to be identical. In fact, originally, wedding bands never had to be in pairs. Having one was enough because tradition claimed that the guy had to give the wedding ring to the girl. The girl need not reciprocate the favor with equal velour. Now since the tradition has evolved keeping it a couple mix, a new and interesting idea would be to go for different wedding rings. We mean, why not choose complementing designs.

Blend it with diamonds: White gold shines and when you choose an exquisite design with diamonds in it, the beauty simply amplifies. Yes! Diamond studded designs in white gold are trending and if you are fond of some jazz, this could be a great choice.

How should you choose a great band?

Choosing a white gold engagement ring is not tough. There are experts who will do the metal identification and authentication for you. But if you want to understand more detail, it is advisable to do a little research proactively. When you choose white gold rings, they have to shine but in addition to the shine, you have to ensure that you are buying quality stuff. So, ensure that you buy a ring with the required certification.

Computer doctor Computer repair service

A Computer screen is usually very sensitive to treat once something goes wrong. It consists of very delicate parts and complex. But if the damage is not so severe then treatment at home is possible. But some risks are still present e.g. exposure to shocks in a computer screen repair. But tips are important i.e having a warranty. Other aspects one can check the monitor lights on the edge of the screen. Flashing light to check the back light of screen is also a way to diagnose what you want to repair. Sometimes complications demand repairing of pixels only that may be stuck. Mostly people run into such complications that can only b corrected in a computer repair shop. This is due to certain professional techniques that only a practitioner on ground can check. This may include testing PC or Mac. Everything starts with diagnosis and testing. This may be important for both hardware and softwares. There may be other problems to identify like malwares, freeze-ups and blue screens etc. the benefit of shops is that they can repair almost any brand .once your computer is down on repairing data recovery is a big challenge. Only an expert can help with that.

It is not just that an expert would correct the softwares or malwares. But the aspects are a lot on computer repairs to work over. These may include certainly home services as well when it comes to installations. Set-up may be having in home setups. Protection of your machine and functions that support your system make a part of whole study. Any thing missing within the list then asks for repair which also counts on a very knowledgeable agent. This is where a customer knows the importance of a computer doctor. Related Experts and technicians must be having an experience of years. The stakeholders of such tag offer especially for free anti-virus check, free anti-spywares and firewalls check. Such brands not only beat every adds cost but are also availble whole week. For such doctors there are certain specializations to offer to clients. Virus removal is the most engaging activity .Upgrades, repairs and router setups are also required to enhance a computer’s performance. Other than that cable, internet and DSL installing also require a computer learned. Such companies which work as such administrative forms usually work in small networks. This allows them to expand the services and give best results. At home if problems after diagnosis do not appear severe then we can put some efforts to have a fix computer. Small tips like determining when your computer turns hot so to have a rest can add to its life. Now many systems are having built-in diagnostics. If you have a proper knowledge then utilize this facility regularly. Metal chassis are a sensitive part and it gets very important to check there temperature quite often. Device drivers may need on and off inspections as well. The most important tip for a good functioning of computer is the when you install something new; do not forget to restore it.