
Education World	Education	Education	Education World	Education	Education World	Education World

Discovery Education. Education Quotes. The Importance of Education. Educational Games. Education News. No Child Left Behind. History of Education. Education Problems.

Home Page

Add to Favorites

Education : 7 Secrets to Having a Financially Healthy Family

Featured Articles

10 Ways You Can Advocate For Your Child With A Learning Disability
Did you know that you are the most important person in your child’s life? Of course you did.But did you know that parents of children with learning disabilities can also be their child’s most effective advocate.What exactly is an advocate? An advocate is ...

Money for College – Where Is It and How Do I Get It?
College is expensive – but money is available to help you pay the way! By doing a little research and filling out a few forms, you can find money through scholarships, grants, loans, and tuition assistance such as work study. Scholarships There are more ...

Too Many Divorces
My oldest boy asked me something the other day about all the news regarding the high divorce rate. I told him there aren't too many divorces, there's too many marriages. Most people get married without really knowing who they are marrying or just how ...

7 Secrets to Having a Financially Healthy Family

So what are the secrets to having a financially healthy family? I had the pleasure of talking with my dear friend Thea, who happens to be a financial planner for A.G. Edwards, and an expert at managing money. Together we compiled 7 secrets to having and teaching financial success in your family.
1. Having a monthly budget to work with is a must. If you have never sat down and figured out how much money you spend in the various categories, now is the time to do that. For two months, actually record every penny you spend and assign it to a category. Typical categories include utilities, housing, entertainment, education, automobile, groceries, health and beauty, dining out, savings, etc. Many people are amazed to discover where their money actually goes. To develop a budget for your family, you need to know how much income the family brings in and your required expenses to live. Assign a specific dollar amount that you will spend for each category. Having a budget is not about limiting yourself - it is about making choices and deciding what's most important to you. If having a fancy car is very important to you, then you cut back in areas that aren't so important to you. If you want to be able to eat out once a week, then consider making cuts in your grocery expense.
To teach your children about budgeting, here are two exercises you can do. At the beginning of the month or whenever the family gets paid, cash your checks and lay all the money out on the table for your children to see. Get out all your bills and work together with your children to match up the appropriate amount of money with each bill. Let them see where the money goes and how much it takes to manage a household.
Another thing you can do with children who are a little more mature is give them a budgeted amount for a specific event, shopping excursion, or vacation. For instance, if you are taking your children to a theme park for a day, give them $75.00 (or whatever amount you want). Then you tell them that whatever they don't spend they can keep! Let your child pay for his own admission ticket, food, souvenirs, etc. Children will learn quickly how to manage their money.
2. Keep your total housing cost to 30-35% of your total income. Some people say the housing cost includes your mortgage or rent and your utilities. Others say that it includes only your mortgage or rent. Either formula you use, if you have a household income of $50,000 per year, then your housing expenses should not exceed $1458.00 per month.
3. Do not carry any consumer debt. The American culture reinforces instant gratification and that is why so many Americans have huge credit card debt. There is nothing more damaging to your financial success than credit cards. I realize credit cards may be a lifesaver for people who are really struggling

financially. Believe me, I've been there. But I tell you from experience, use credit cards for emergency purposes only. If you have big ticket items you would like to spend your money on (furniture, vacation, car, remodeling), make a list of those items and put it on the refrigerator. Decide what's most important to you and start putting money away every month so you can pay cash for those items. How do you teach your children this concept? Do not let your children borrow money from you unless they can pay it back right away. If they don't have the money to buy something they want, make them save their money until they do.
4. Strive to put away 10% for emergency savings. I know many people who live from paycheck to paycheck, and putting away money for savings is unheard of. Try really hard to put something into a savings account, even if it is just a small amount. If you have the ability to have money deducted from your paycheck for a 401k or retirement, take advantage of that. Once you get used to that amount being gone, you will adjust and you'll never miss it. Open a savings account for each of your children at a very young age. Take them to the bank and encourage them to save some of their money. Let them experience the thrill of seeing their bank balance rise. Another fun way to teach kids about money is help them decorate 3 separate jars or coffee cans. Label them "Spend, Save, and Donate". Given them a weekly allowance and encourage them to contribute a certain amount to each of their banks every week.
5. Never go over the breadwinner's income. This is advice my mother has given me often and when I was younger, I baulked. Now that I have become wiser and actually made the transition from a two income family to a one income family (with the same set of expenses), I know this is good advice. I know this can be a tough example to live by, but it is worth the effort. You never know when one person may lose their job. If your expenses don't exceed the breadwinner's income, then the rest is gravy.
6. There should be no financial secrets between husband and wife. Each partner in the marriage should know exactly what is happening with the family finances. Funds should be merged and each person should be accountable to the other for financial decisions. Decide between the two of you what dollar limit needs to be discussed first before purchasing. Pay the bills together or at least communicate the financial picture after the bills have been paid. Too many couples divorce over money issues. Do your best to work together on money.
7. Have an "abundance attitude". What does this mean? Realize that money is just a tool. It is not the answer to happiness in life. If your tendency is to hang on tight to your money, try learning to let go. When you have a giving spirit, you will be blessed tenfold.
Lori Radun, CEC - certified life coach for moms. To receive her FREE newsletter and the special report "155 Things Moms Can Do to Raise Great Children, go to http://www.true2youlifecoaching.com
About the Author
Lori Radun, CEC is a certified life coach and founder of True to You Life Coaching, LLC. Through speaking, personal coaching, her FREE monthly newsletter, and other coaching products, Lori's desire is to offer encouragement and support for moms on their journey through motherhood.

News

Education

Education On Beverly Hills Doctors Hormone Help Kit!
Go Now To Http:www.jvprofitcenter.com And Get In On The Education On NaturaPause : : Product That Is Totally Unique : : Educationalbased, Noncompetitive With Any Other Product, And Perfect For Any List With Members Over !

Minute Learning Machine.
Education +Rebill Education Self Help Big Market Conversation Targeted Google Traffic A Memory Site Email List Promo Converted In To A Sale Tools On Aff Page

Making Math More Fun Math Games Package.
Fun Math Games For School Or Homeschool Education Printable Board Games, Card Games And Game Sheets For Children. Educational Games Ready For You To Print And Play. Makes Math Fun And Easy. Kids, Teachers And Parents All Love These Fun Math Games.

How To Find And Marry A Girl Like Me.
How To Meet A Beautiful, Intelligent, Educated And Sincere Russian Woman Online Starting A Relationship, Dating, And Ultimately Marriage.

Human Anatomy & Physiology Home Study Course.
Remarkable Conversions Education. Great Niche Low Competition. Target Students, Educators, Practitioners, Trainers, Nurses, Paramedics All At One Site! High Quality Product Low Returns. Affiliates Are Loving The Money This Site Is Bringing!

Royalties University How You Can Earn Ongoing Royalties.
A Full Week Education Program On How You Can Earn Royalties From Virtual (digital) Properties. Learn The Best Types Of Products To Create, And The Easiest Payment Plans To Use. Get Leisure Time For Yourself And Your Family, With Royalties University.

The Scholarship & Grant Guide SuperFast Scholarship & Grant Search!
Search Over Million Free Scholarships And Grants From One Guide... Amazingly Fast And Easy! Save Countless Hours Of Mind Numbing Research! HighlyRecommended By Educators For All Students Including Minorities, Returning Adults And Online Students!

Rv Education .
Rv Expert Mark Polk Is The Producer & Host Of Americas Most Highly Regarded Series Of DVDs, Videos, Books, And Ebooks. Polk Provides RVers With Qualified Rv Information, Tips And Safety Advice.

The Peoples Chemist Foundational Health Education.
ExPharmaceutical Chemist Exposes Health Myths And Gives Shortcut Answers To The Biggest Health Problems! Learn To Beat Obesity, Diabetes, Heart Disease And More! If You Understand That Without Health You Have Nothing Then Click Here!

Montessori Parents Guide.
Learn How You Can Get Your Child A Great Montessori Education... Strong Conversion Rate!

Nihonjin No Otoko Wa Motenai.
Entertaining And Educational Ebook For Japanese Guys Who Want To Improve Their Social And Romantic Life. Written In Japanese.

Public Domain Treasure Hunters Kit.
A Seven Ebook Kit Plus Bonuses That Educate On What The Public Domain Is And How To Use It Legally To Create Your Own Products For Profit.

Knowledge Quest, Inc. And Homeschooling ABCs.
Resources For Home Educators.

Robot Reader Reading Games And Phonics Games.
Improve Kids Reading Skills With These Reading Games And Phonics Games For School Or Homeschool Education Full Color Childrens Games Printable Board Games, Card Games, Bingo Games, Domino Games Etc. Ideal For Teachers, Parents And Homeschoolers.

Real Estate Power Tools Creation Source Software.
Discover The Closely Guarded Secret Of Top Producing Real Estate Agents And Join The Of Agents Responsible For Of All Transactions. Create Customized CDROMs That Educate And Qualify Your Prospects And Generate Leads Directly To To Your Inbox.

Math Lesson Plan For Teachers!
Great For Teachers, College Professors, Continuing Education And Homeschool Students. Teaches Check Writing Skills, Problem Solving Skills With Real Life Scenerios.

Everyday Education Literature, Home School Teens, Etc.
Homeschool Through High School & Beyond With Easy To Use Resources! Transcripts Made Easy, Get A Jump Start On College, Grammar Made Easy, Excellence In Literature, And More. We Are A Real Company With Quality Books And Audio Resources.

Halfmoon Betta Fish Guide.
EBook(R) Concentrating On Halfmoon Betta Fish Hobby And Information. In Here, Youll Definitely Find Lots Of Undisclosed Secrets And Facts That Halfmoon Betta Hobbyist Are Seeking To Become Successful In The Hobby, Thru A Practical,educational And Fun Way!

Credit Repair & Debt Collection Success Strategies Membership.
Credit Repair & Debt Collection Help For Consumers. A Self Help Strategy Website To Deal With Credit Issues And Collection Problems. Lifetime Access For Only A One Time Fee Of .! Full Educational Resources, Sample Letters & More! You Earn !

TranceTutorialDotCom.
We Are A Digital Publishing Company Specializing In Educational EBooks But Publishing A Variety Of Media Relating To Music And Music Technology, Including Sample Librarys.

BrainFit For Life: A Users Guide To Life Long Brain Health And Fitness.
Improve Your Mood, Memory And Metabolism With The Four Cornerstones Of Brain Fitness. BrainFit For Life Will Entertain, Educate And Motivate You To Achieve A More Enriched Life.

Affiliate Video Brander Elite! :: Best Version Available Today! ::.
Wrap Your Affiliate Links Around Educational Videos To Presell Targeted Traffic And Silently Walk Away With Easy Education! Affiliates Go To Http:www.aarondankersproducts.com For Full Product Portfolio And Resources!

Turn Dead Leads Into Cash.
Real Estate Education. This Ebook Easily Shows You How To Sell Your Own Real Estate Leads And Create A Automated Passive Income. Easy To Do And Its Something You Can Actually Start Doing Today.

How To Form A Nonprofit Organization By Steven E. Williams.
Are You Setting Up A Charitable, Educational Or Religious Organization? Do You Need c Status? Save Time & Funds With My DoItYourself Tips Booklet. Ideal For Individuals And Small Groups.

Mmts Forex Education & Systems That Work Get + Pips Per Day.
Mmts (Monikas Momentum Trading Strategies)Forex Education From A Beginner To An Advanced Level That Includes Easy And Workable Trading Strategies As Well As Trade Suggestions Provided By Monika Korzec.

How To Draw For Kids EBook.
A Fun And Educational Drawing Instruction EBook For Children. Learn How To Draw Animals, People, Faces, d Objects. Pages Packed With Fun Drawing Projects. Printable PDF Format That Is Easy To Download And Use.

Strategic Business Education Resources.
Our Resource Center Includes Books, EBooks, And ECourses Designed To Increase Employee Retention, Productivity, Profitability And Customer Satisfaction. Featured Authors Include: Scott Degraffenreid, Kathryn Booth, Don Kirchner And Others.

Authentic Designer Handbags Guide.
A Complete Designer Handbags Guide Educating The Reader On The Top Designers And Extensive General Guidelines On How To Avoid Fakes And Save Money.

BASnobs Wine Tasting Kit.
A Printable Wine Tasting Kit With Complete Instructions For Making It A Contest. It Is Educational, Fun And A Musthave If Throwing A Wine Tasting Party.

Internet Marketing Softwarearticles, Copywriting, Essays, More!
Writing Software, Article Software, Essay Software, Story Software, Article Templates, Write Stories, Report Software, Copywriting, Press Release Software, Internet Marketing Software, Educational Software, Downloadable Software, Children, Write, Writing.

Fun Jumbo Workbooks For Kids Get Ready For School.
High Quality, Educational Jumbo Workbooks For Kids Years Old. Fun, Creative And Engaging! Get Ready For School.

Pro Gamer Assasin Diaries Hot Product Of !
This Gamers Compendium Converts Better Than Most Video Games! We Focus On Educating Gamers Into Becoming Digital Assassins To Pwn Any Game They Play As Well As Teach Gamers How To Make Money Testing & Playing Games. Dont Miss This One Its Going Big Education

Free Consumer Information!
We Offer These Report Packages: The Garage Sale Handbook, The Credit Repair Package And The Education Package.

The Ultimate Hair Removal Guide.
New Site Educates About Hair Removal, With Do It Yourself Info. Untapped Niche Education Huge Profits Education High Conversion Education Low Competition.

SportsEducation.
'The Student Athlete Guide Enhancing The College Experience While Making Easy Money' Is A Guide Developed By An Athlete On How To Juggle Academics, Athletics And The Night Life In Order To Be Successful. Over + Tips From Past Athletes Mistakes.

Special Education Parents Guide To Iep For Learning Disabilities.
Individual Education Plans (iep) Demystified. Q&a Book To Help Guide Parents Through The World Of Special Education For Children With Learning Disabilities Ask The Advocates How To Get Schools To Speak Plainly And Help Your Children Succeed In School.

Online Tutoring (StepByStep).
This Book Is A Bible For Online Tutors. It Is About Online Tutoring As A Professional Career That Teachers And Educators Across The Globe Are Adopting To Generate Monthly Dollar Incomes As Part Time Work Or Full Time Occupation.

Construction Courses On Project Management, Estimating, & Bid Strategy.
The Contractors Zone Presents A Series Of Continuing Educational Courses For The New Builder And Experienced Pro Alike. These Courses Have Been Adapted From Over Years Of Construction Experience In Project Management, Estimating, And Bidding Strategy.

Birthright: Online Childbirth Education Classes.
Online Childbirth Education Classes Provide New Avenues For Pregnant Women To Prepare For Childbirth And Pregnancy. You Can Plan For A Smoother, Easier Birth For Both You And Your Baby From The Comfort Of Your Own Home With These Childbirth ECourses.

Home Foreclosure Profits.
The Premier Guide On Profiting From The Home Foreclosure Market. Discover A Proven System Requiring No Investment, No Risk, No College Education And No Exemplary Credit Rating. Comes With month Free To Exclusive Foreclosure Membership Area.

Tax Risk Management Specialist, Author & Educator.
Daniel Erasmus Is A Leading International Specialist In Tax Risk Management. He Has Assisted Some Of The Largest Multinationals In Implemeting Successful Tax Rism Management Strategies.

Learn How To Earn Upwards Of ,Per Day!
Paying Each Education Sale! Most Online Income Courses Only Educate To Be Successful In One Subject. This Course Educates In Over Subjects. Learn The Secrets To Make A Living Online. Proven Rep And Proven Results!

Slash Your Veterinary Bills.
Pet Insurance Is Not The Answer To Rising Pet Expenses. By Becoming A More Educated Consumer And Pet Owner You Can Reduce The Amount Of Money You Spend On Your Pet.

Teach Kids To Write Stunning Essays Fast!
New Pattern Based Writing System Takes Kids From Simple Sentences To Complete Essay In Just Days! Easy, Fast, Fun! A Revolution In Education Is Under Way Perfect For Any Parent, Homeschool, Or Teacher! (Large Niche) Teach Writing Their Way!

The Ultimate Collection Of Education EBooks Sites To Promote!
Now Earn On All Sales! Electronic Degree, Edegree, Free College, Free Education, Scholarships, Homeschooling, Home Schooling, Students, College.

The Scholarship & Grant Guide Super Fast Scholarship & Grant Search!
Search Over Million Scholarships And Grants From One Guide Amazingly Fast And Easy! Recommened By Educators For All Students Including Minorities, Returning Adults And Online Students. Americas #Scholarship & Grant Guide For Years Running!

Woman, Her Sex Life And Love Life Manual.
Sex Education, Sex Organs, Genitals, , Uterus, Ovaries, , Intercourse, Sex Instinct, Puberty, Menstruation, Wedding, Fecundation, Pregnancy, Fetus, Afterbirth, Lactation, Breastfeeding, Abortion, Miscarriage, Menopause, , More.

The Feelings Map By Tanya Jopson.
An Ebook Program Developed To Nuture A Necessary Part Of Your Childs Education About The Emotional Energy Body, As Well As Giving The Child The Gift Of Mastering Their Emotions And A Big Piece Of The Puzzle Regarding The Thoughttocreatereality Process.