A recent survey conducted by the AA – a British Motoring organisation – suggested that parents are passing on road-rage habits to their children. Other behaviour such as using mobile phones and falling asleep while supervising their learner children also have a bad effect, according to a poll. The most common bad driving habit is [...]
Young Adults Wear Their Debt Like a New Tattoo
June 27, 2011 By Leave a Comment
Is there anything to be proud of about being in debt? The bread-winners of any household would tell you the answer is a resounding “No!” even though the young adults there may disagree. We already know Gen Y-ers’ reputation for lacking financial savvy is nothing new, a recent report about their attitude to debt will [...]
ISA for children – £9000 Fees for Students
November 3, 2010 By Leave a Comment
It was announced today that universities in England will be able to charge tuition fees of up to £9,000 per year, as the government transfers much of the cost of courses from the state to students. Fees, which are currently just over £3000, will rise to £6,000 – with an upper tier of £9,000 – [...]
Money Management For The “Generation Y”
July 19, 2010 By Leave a Comment
I had the opportunity of speaking to Christian Youth Group last Saturday and i was especially thrilled in the fact that these ones can avoid most of the mistakes that the older generation have made about money. Actually if i knew, at their age, what i know and teach now, i would have turn out [...]
Youth Money Management at Christmas
December 19, 2009 By Leave a Comment
“With all of the financial consequences that come along with holiday shopping, travel and family get-togethers, parents and youth alike can find themselves falling into debt,” states Don Murray, chairman of the Manitoba securities commission. To help prevent children from getting on a cycle of debt, parents and their kids need to have candid discussions [...]
State Schools Cost You £16,000 per Child
September 1, 2008 By 1 Comment
People have asked me why i lay so much emphasis on saving for your children’s college education. My answer is that I believe in giving every child a chance of being the best they can be; by being well-educated to face whatever live will throw at them. Do you know that you will spend nearly £16000 even [...]
Financial 'Mummy Milk'
June 12, 2008 By 1 Comment
I read a story in the newspaper this morning about a woman who is still breast-feeding her four and five-year old children. When interviewed, the woman, Mrs Stella Onions said “It seemed silly to stop (breast)feeding at six months for no reason and it was so convenient”. She also said she is happy to see [...]
My Little Financial Guru
March 25, 2008 By 1 Comment
There is a financial education game we play about once a month as a family called Cashflow 101. It was created by Robert Kiyosaki – the author of the bestseller “Rich Dad, Poor Dad“. From the day we played the game for the first time 2 years ago, our youngest son almost always seems to get out of the ‘rat race’ [...]
Adult children are ‘sapping’ their parents’ savings
March 3, 2008 By Leave a Comment
Adult children are ‘sapping’ their parents’ savings and investments at an increasing rate of knots, as Scottish Widows reveals the position has got even worse over the past year. Over half (55%) of parents have given or loaned their children or grandchildren thousands of pounds compared to a figure of 39% last year – an [...]
Adverts 'Are Turning Children Greedy'
February 26, 2008 By Leave a Comment
Many parents think that today’s children are more materialistic than any previous generation of youngsters. This was part of the findings of a recent survey conducted by the charity – Children’s Society. 90% of adults believe excessive advertising – ranging from junk food to video games – has turned youngsters into grasping consumers. The advertisements, [...]
What Dying Without A Will Could Mean
February 22, 2008 By Leave a Comment
Making a Will is relatively straightforward and not very expensive. However, in spite of this, seven out of ten people in the UK die without a Will. “In the absence of a signed Will, and for those living in England and Wales (rules vary in Scotland), the government dictates who gets what of your estate, [...]
Children And Your Annual Budget
December 7, 2007 By 4 Comments
The cost of raising a child form birth to the age of 21 has reached more than £186,000, new research shows. This is the equivalent of £740 a month or £25 a day. Since the insurance firm Liverpool Victoria first began their research in 2003, the expenses associated with raising children have increased by a [...]
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