Archive for the ‘Financial education’ Category
A simple way to manage personal finances
Technology has merged well with the economy. Proof of this are software or web sites useful to maintain a responsible management of personal finances. Banzai is precisely one of the most comprehensive services offered on the web.
Banzai is a service that provides a full tracking of all personal finance. But here is not only possible to make a full and proper management of finances, but you can also learn how to make proper money management.
Banzai, as other systems, collects financial information from the past and perform an analysis of these trends. Thus, Banzai proposes measures to bring our finances toward our goals. So, this service is not only a tool, but also a permanent advisor.
Importantly Banzai is a project of Morgan Vandagriff. He developed this website as a student of finance at the prestigious Wharton Business School, University of Pennsylvania.
Financial education for children
In general, few parents who educate their children in finance. So when children begin to consume themselves, they are driven by advertising or by what their friends are consuming. To avoid this it would be advisable for parents to consider some tips.
The time when children begin to ask their parents to buy certain things is ideal to start thinking about an allowance periodically. This money is important that children learn that it is only possible expense after obtaining an income.
This assignment should not be a fee, since the obligations of children, such as good grades, you must wait at ease. Furthermore, it is advisable to assign no more or less money than they could receive their closest friends.
It is important to teach the culture of saving. However, it is also important that they learn through their mistakes. Childhood is a period in which they can make bad financial decisions, without involving a serious risk.
All these recommendations are useful for small -minded can grow economically responsible.