TOP TIPS FOR PARENTS TO HELP CHILDREN DEVELOP SMART MONEY HABITS
1. Consider rewarding children for regular saving. The amount saved isn’t critical; rather it is the savings habit which it is most important. Helping children to save small amounts on a regular basis helps to imbed the habit.
2. Encourage children not to buy on impulse but to take time to consider their decision
3. Help children to identify savings goals – both short term and long term. In many cases, the concept of saving only becomes real when the child can see the rewards at the end.
4. Develop a savings plan or calendar to highlight when the goal will be achieved.
5. Give pocket money in small denominations to encourage children to put a little aside.
6. Consider linking pocket money to chores. This helps to embed the idea that money must be earned. The more effort required by the child to earn pocket money, the less likely s/he will be to squander it.
7. If pocket money runs out at an early stage, don’t rush to replace it. Providing additional money at the drop of a hat will defeat the purpose of providing a set allowance to the child.
8. Give children a piggy bank or better still, bring them down to the credit union to become a GR8 Saver.
Top tips for packing (courtesy of Trip Advisor)
• Pack light to travel light. If you can manage with a carry-on, do it. Try taking half of the things you need and twice the money. You can make buying a few new items a fun part of the adventure.
• Pack a sleep mask and ear plugs. These can come in handy on a plane, train or in your hotel room.
• Capitalize on empty suitcase space. Roll your clothes, instead of folding them. Stuff socks, underwear, and accessories inside of shoes. Leave no space unused.
• Keep a sarong or pashmina in your carry-on. They can be used as a blanket on the plane, a scarf if it’s cold or a shawl on an evening out.
• Bag it. Kitchen sandwich bags can be used to hold your accessories, vacuum pack bags can be space savers, and trash bags have multiple uses (laundry bag, shoe covers).
• Skip airport snacks and bring your own. You can save yourself a bit of money and keep your hunger at bay in case you have a delayed flight.
• Create compartments. Two words: packing cube. If you are visiting more than one city during your trip, packing cubes will keep your suitcase organized and save you from having to pack and unpack.
• Share your packing space. Traveling as a couple? Split your clothes between two suitcases on the off chance one of them gets lost during the flight.
• Bring a multi-socket extension cord. Although newer hotels have USB ports in rooms, it’s best to have an extra outlet to charge all of your electronics at once.
• Make photocopies before leaving home. If you’re traveling out of the country, make two photocopies of your passport. Use your smartphone to take pictures of your car in the airport’s parking garage and do the same for your luggage and its contents in case it gets lost.
We are celebrating our first anniversary in Kenmare with a open evening on Wednesday May 18th @ 5pm in the credit union office in Kenmare. Members new and old are welcomed to come along on the night and enjoy some light refreshments, music and guest speakers Mickey Ned O Sullivan, ex Kerry Manager and Caroline Cooney Hurrell of Starwood Hotel will talk about the importance of team work. An interesting evening for everyone, 3 lucky members will go home with a €100 One for All voucher. So if you are not there, you wont be in the draw! so come along and you could be a winner.
Information leaflet on taking the stress out of the communion & confirmation costs supplied by MABS.