Becoming a parent is a beautiful life changing experience which every couple wishes to have at least once in their life. But a small baby brings along the huge responsibility of future planning which involves efficiently managing current expenses and building a stable investment portfolio. An additional member means an increase in expenses at the same income level. Hence sound financial decisions have to be made today in order to secure children’s future and encourage responsible financial behaviour in them from an early age. A child features prominently in parent’s every decision and they also want the best for the child, be it in the sphere of education, experiences, facilities or most importantly their place of residence.
A couple will adjust within a rented accommodation but they would want their child to grow up in a luxurious home with green landscapes and dedicated space for playing with peers. Parents should be concerned about where the child will grow up because locality, friend circle, neighbours also influence the upbringing of a child. Kid Centric Homes deliver on all those aspects and more as these townships are built with child-centric facilities and infrastructure. It is a worthy investment because the safe environment promotes the child’s holistic development and happy childhood filled with amazing memories. They have a live & learn programme which fires up the passion and drive in children and makes them confident enough to pursue their dreams with dedication and perseverance. The age appropriate activities build character and team spirit among peers. The extra-curricular activities develop their mind by stimulating their cognitive thinking and encourage skill development.
When it comes to finances, parents need to have a balanced approach. A child brings so much joy in a parent’s life that indulging the child’s every whim and fancy becomes second nature to them. Such behaviour is detrimental for the child as they become frivolous with money and don’t develop the maturity to handle it and save it for the future. Parents can’t support the kids forever; kids have to eventually move out and make a career and have a family of their own. Their irresponsible financial behaviour will eventually hurt their offspring. Being too thrifty can also have a negative impact on kids’ psyche. They become too aware of their limited means and become frugal which may hurt their interpersonal relationships.
It is acceptable to indulge kids once in awhile especially when they’ve achieved something in academics or extracurricular. Practicing good financial habits with kids and involving them in the process of saving money will teach them to be responsible adults. They should be given pocket money for the month, rewarded with money when they complete chores or achieve something and then they should be encouraged to invest it in their piggy bank.
Following are good financial habits which must be practiced by every parent and taught to every child:
Tabbsum, An author by passion and profession. A proud resident of Ashiana Tarang. Loves to write articles and short stories for children and women on popular blogging sites. She strongly believe in motivating, encouraging and supporting mothers. Loves to be surrounded by children and teaching them new things.
Other posts by Tabbsum
Join 1000+ of fellow readers. Get expert real estate knowledge straight to your inbox absolutely free. Just enter your email address below.