From many experiences of parents which have kids that succeed with their handle money, there are five things you can give as financial education for kids in relation to career success and financial future. What is it?

1. Shopping by Wisdom
Initially, the child may only know that the money is to spend. Now, parents can teach that not all the items in front of the eyes can be bought. Buying all the items in front of the eyes can be a forerunner to wasteful behavior.

Shopping wisely can begin by teaching them what expenses can and ‘should not’ be kids. You can also teach children not to overdo the spending money to buy something. Buying toys is fine, but if too often of course not good. If this habit, the child will be able to spend money wisely, not only in terms of buying toys, but also in all respects.
2. Capable of storing and propagating their money.

The skills to save and breed the money, it is difficult for someone to be financially prosperous. Here, parents may tell children that the name can not only spend money, but can also be stored for emergency purposes when children need it someday. If all the money spent, can-can no longer money. You can start to teach the children to first save every pocket money that he can get, just the rest is spent.

Tell also that the money could be bred. The easiest way and can be made early to teach that money can be bred is to introduce children to the products and investments in bank deposits. But be careful, do not because you’re just introducing the investment bank, then the child is afraid to invest elsewhere outside the bank. As an alternative, why not invite your child to occasionally go to the store of gold? Buy gold in coin form. Besides looks like money, children will also have the concept that investing is not necessarily to the bank, because there are many other options besides banks.

3. Self-Independent.
Without independent attitude, it’s impossible someone could earn a living and prosper financially. Now, there are so many parents who had to teach these independent attitudes. For example, children have bought the goods whose price is quite expensive. Now, parents can teach children to not always ask for money every time their parents have the desire. Lots of kids who, if his desire is not obeyed, use tears as a weapon that parents want to grant wishes.

Teach the children that he could buy his own stuff he wanted, without asking for money for parents. The trick is to set aside the money in his pocket. This method can be applied gradually. For example ask our kids to gather some more funds first and then you add the deficiency. Gradually, you can reduce your participation and increase the proportion of share of children, until the child can buy goods with his own money he wanted. If this is constantly being taught, children will get used to having an attitude and independent nature.

4. DARE TO TAKE RISKS
In the world of career or business, the income a person is often influenced by his courage to take risks. Parents can teach that there is the risk that his name everywhere. However, the risk would be minimized by studying those risks and try to conquer it. For example, children have the desire to climb a tree to see the sights further field. However, the risk is falling and bruising. Tell them that the risk of falling could be reduced by first learning the intricacies of tree climbing routes and how the child can pass. It was not until later, the child can conquer the way to climb the tree. So, instead of shunned at all, without examining the tree first.

Similarly, in financial, you can provide information about business and investment alternatives chances to the child when she was growing up. This will make children more aware about the opportunities that are hidden behind the risk, instead of avoid it. People who avoid risk often fail to grasp the opportunity, because the opportunities and risks typically associated with each other and coming together.

5. Able to Communicate with Good.
Someone’s success is often determined by the skill to communicate, especially in communicate the advantages it has. Conversely, many smart people who fail because they can not demonstrate to the public that he actually has the ability. For example, many companies that receive new employees not because of high academic value, but because he was very good at hanging out, have a high confidence, and has a positive nature. Well, people who are good at communication in general is person who can show it all.

Parents can teach you how to communicate well, for example, by teaching children to want to hang out (because this is the basics of networking which is very important in your career and business), and not inferior to their environment. If this is continually taught, it is not impossible he could succeed in a career or business that you run for it.

Don’t forget to give five things on top so the kids can do better in terms of career and financial future. You can also these two things that make them learning more about handle money.

Give Good Things For Good Example To Kids.
Children have a natural instinct to imitate what their parents do. I have a cousin who until now has a record of shopping habits by bringing the goods to be purchased. When I asked him, he replied that the habit was started because she had often seen her mother go shopping using shopping records (to be more controlled). And since small, my cousin, this one is also often asked his mother to shop with shopping records. Consequently, good practice was carried to this day. Indirectly, until she was an adult, he rarely shopped exceed the existing budget.

First Experience Savings by go to Bank.
A client of mine to start saving in a bank while sitting in 4th grade and it was financial education for children. At that time, his father opened the account for him, and he is responsible to fill that account. Finally, the child had a habit of saving constant. My advice, at times bring out your children go to the bank, so she would learn, know and are familiar with the atmosphere at the bank. Now, many banks have savings products for children that provides easy opening process, deposit, closing, and the results are pretty good investment. This of course can be used as a means of financial education for the child.

Preparing the education fund is can’t consider as the origin of savings, perhaps even if you are already tired of saving the funds collected are not sufficient as well. To facilitate your Set Up Education Cost for Children, here are the steps that can be executed as Cost of Education for children:
1. Determine the funding target required by education. Many parents only know the high cost of education today, but forgot to estimate how much the cost of future education. Thus although the feeling was saved but the fund was not enough time will be used. Target educational funds required is equal to the estimated future cost of education, and to predict it, then do two things as follows:

Find information on how the current fee for each level of education that will pass your child (kindergarten, elementary, junior high school, university). Calculate how much the education costs later, then by assuming the increase in educational costs per year until your child entered school.

2. Define how to target education funding. There are two ways that can be selected to achieve the target of education funds, namely:
a. Perform regular monthly payments into an investment product, such as: – Saving money on a regular basis to ordinary savings, educational savings accounts or deposits in banks, to invest monthly to the mutual fund product, or take insurance education.
b. Save or invest just once in the face with the funds currently held in cash.

3. Protecting investments from risk. The loss of the ability of parents to earn money due to death, accidents or serious illness, can cause deposits to fund education routine stops. In anticipation of the risk – this risk, it would be prudent if you take the insurance if you are already taking education or education savings insurance which also provides insurance benefits will automatically fund your children’s education is protected. This means that if one of the risks mentioned above occurs then the insurers will continue preparation for your child’s education fund.

But if you save yourself then you should take life insurance, accident insurance and critical illness insurance, with a large amount of insurance money if the sum assured is inserted into a savings or investment product is the result of interest earned can pay the deposit for your child’s regular education funding.

4. Conducting Evaluation and Revision to ensure that education funding target is reached then it should freeze the financial plan is evaluated at least once a year run. This is done because the assumption of interest rate savings, deposits, insurance and other investment products could change the assumptions Similarly, the increase in educational costs per year, so the possibility of lack of conformity between the assumptions used by reality could actually happen. As a result, you may be able to reach the target of education funding, but could also not cool. By conducting regular evaluations will be known whether financial target plan has been fulfilled or not, so if you can not be done immediately or planned corrective revision.

1. Funds for its Education
For the preparation of education, the most recognized investment products in Indonesia is the Insurance Education. Currently almost all life insurance companies have products Insurance Education.

The difference is, if the Insurance Education was issued by the insurance company, issued by the Education Savings bank. However, many people who decided not to vote both in preparing for child education savings, but choose to invest their own elsewhere. The hope, really, want to be able to get higher yields.
2. Funds for their own.
In addition to funding for education, as parents, it never hurts you also provide some funds to the child in the form of savings. Savings mean here is to let the child has a savings account on behalf of him. How, with whom he came into the bank, talking with customer service, and invited them to open accounts in the name of their own.

Do not forget, open a savings account with his own name will give him lessons on how to manage money. Indeed, hell, there will be children who may spend money to buy things unnecessarily. Do not be afraid, as a parent, sometimes you need to let kids make mistakes, because it is usually precisely the mistake that he can learn to become better at managing money, as long as you do of course continue to be with her.

What about the savings book? Who’s holding? You or them? My advice just let you kids to better hold saving books account. Remember, this is part of learning and let them know about child savings plan. He will learn to be responsible. But do not forget, you should agree in advance that as a parent you have the right to check the balance of savings accounts whenever you want.

3. Funds for the Preparation Other
Well, other than preparation for children’s education funds and the funds for himself, it’s good when you also have other funds in preparation for his future later, outside the preparatory funds for education. For example, savings from now, who knows you will want to buy her own vehicle, whether motor or car. Or, you may want to buy a computer, build a small library at home, or, could also saving to buy a house for him when he later married.

As we do try is to make better handle money, then make Child savings account is the best we could do. Try to make a different deposit between child needs and other things. Just make child deposit as the top priority that you must save.

If you want to teach children the value of money, first put yourself in their shoes. The following three approaches this concept, hopefully can help you raises your financial intelligence for children. These are financial tips for kids, you can know how to teach your kids how to control their own financial. This gives so much benefits and Money tips for kids, they will learn something useful for their own future.
Approach I: Saving with happy feeling.

Parents are often unwittingly forcing the children to save. Each time they have earned more money from the grandmother, uncle, aunt or even your own, without knowing you ban them for spending. Could you shudder to imagine what the children if they are free to spend it and cause problems when they are not overlooked? This causes the command to save the old man felt by children even more as a prison where the money’s parents hold their children that can not be used.

Savings activities are activities aimed at an outcome in the future. Saving money is not used now, but someday. Create the future means that older people in later years, such as base pay high incoming for children, buying a house or retirement preparation. Create children’s future if the associated with money is when the six months to buy Play Station itself, three more months to buy a new watch, or next month could be a concert of music group are loved. Children may be more enthusiastic about saving up for this short libertine. Therefore impose the concept of saving for the future with a count time in later years will be difficult to accept the children. Saving money with the aim of saving money as long as possible, make the kids the same thing with no opportunity to use the money.

Parents should know that the meaning is different future for the child with you. Understand that time runs slower for younger children than for adults. Because of that perception of the future for children is a time not too long, usually less than one year, for a future period is much shorter for children than adults.

Saving money will not mean anything, except if it is done voluntarily. If parents are automatically confiscate the money of children, whether it’s gifts of money or pocket money and put it into the piggy bank or a bank, your child will not consider that there was his own part, particularly if your goal is saving money to pay for school or other expenses for children are still far in front.

We ourselves as parents don’t consider saving for ourselves as a form of punishment. We believe savings will make our lives better and that the results would be that we can enjoy. If we are currently spending a little sacrifice, we are confident in that time one might expect, we will be able to buy a nicer car, move to a bigger house, send our kids to college favorite, or early retirement. In other words, we are saving for selfish reasons. We spend less money now in order to spend more money in the future.

Therefore, to motivate children to want to learn to save, then they need the selfish reason that makes sense for them. To be attractive to children, saving money should be able to make children’s lives better and can achieve their financial goals, just as you feel. Benefits also should be experienced in that time for children makes sense, rather than suppressed as far as possible into the future that does not exist in the minds of children.

Freedom concept by take a decision.

Children need to control their own money. Because if the money they spend is not really theirs, children have no compelling reason to consider how to spend it. Children often ask their parents whining buy something indicating he does not care and less responsible with money his parents, and for what they are responsible, it’s not their money anyway? However, children are very careful in spending their own money. Not that everything is permitted. As long as still within the limits of permissible behavior, the child should be allowed to take their own decisions and you may be able to offer advice based on experience of the decision. Children who lacks of control over their own money have no reason not to ask for money and would immediately spend the money they get.

Control over their own money to force children to fight and to weigh their desire. This also frees parents from having a role that is always judging and advising the family financial problems. If your child wants to buy a toy, he does not need to convince you that the purchase was useful, but he must convince himself. And if he decides to ask for your opinion, he knows what you think would be fair enough. So the question must be answered your child is not “How do I persuade you to pay for this toy? ‘But’ Is this toy really want? “.

Concept Parents as Role Model

A child is a reflection of the nature and toxicity by parents, almost like a copy or photocopy. So do the things that fit with what you teach to your children, do the opposite. You are taught to save money, but you yourself even wasteful. Virtually every day we have been taught about money in young children. We teach them money every time conceded a budget, look happy or sad each time came home from work, paying credit card bills on time or accumulate debt to swell. During childhood, the lessons that unknowingly given these often leave a deeper impression than anything we say to them. Therefore the best way to teach for money to children is to live life where the money is used appropriately and always provides a good example of the use of money.

So there are so many ways to teach your kids about finance. Don’t take a light about this, because this would be great for your teach kids how to spend money respectfully. They will learn how to respect money and how to use it. So, they will be proud with what you do and your job. It’s the best way Save Money as High Priority for the Children.

Preparing for Education Costs

If it is currently busy preparing the child physically and mentally in order to pass the exam, then the parents usually is currently also busy thinking about how to provide funding for the child to continue his education. Some may already be preparing it. Although the amount maybe excessive or lacking but how much does a college education cost..? We don’t know yet. Minimal is better than no preparation at all. By easy, prepare educational costs can be done in two simple steps as follows:
1. Learn the cost needed in the future.
The first step we should do to prepare our children’s education costs is to find out how much the tuition fee in the future. Education costs currently amount would vary with the time our children go to school later became know what it costs today, how large an increase of approximately assumptions, and calculate how much the total costs will be if tuition fees go up every year like the assumption that we make.

2. Select the investment products that are suitable for use.
After knowing how much the target to be achieved, then it is time to choose products to achieve the goal. Just like my previous reviews, in choosing the product, we should consider a period of our financial objectives. For the cost of education to be achieved in a short time, then seek short-term investment products. And for the purpose of long-term educational cost, long-term investment products are also the answer.

Choosing Investment Products

This question is always there every time I talk about the investment product. Once again, investment products should be selected based on the achievement of this goal period. When we talk about investment products to education, there are basically two major parts:

1. Fixed-Income Products
These investment products usually offer any returns or fixed income. The easiest example is the education savings and insurance education. This product is said to remain because it provides consistent results can be either the number or frequency. There are so many products with these types ranging from ordinary savings accounts, deposits and other. I would like to discuss two fixed-income products that usually connote education available in the market.

Savings Product education is actually the product of savings deposits; mean there are period of agreement between the depositors and the banks where we as depositors are not allowed to make a withdrawal before the agreed term. The advantage of this product is the result of fixed investment that the frequency of each month. So on this product we will get the interest paid each month periodically until an agreed period of time such as when a child six years of age, 12 years and beyond. Rates offered are usually higher than regular savings products, without any kinds of administrative and operational costs such as an ATM because this product is not a liquid products such as regular savings products. The weakness of this product is that the interest rates usually follow the market. This means that if interest in the market to fall, could be the result of the customers down. So there is no certainty in terms of the number.

Insurance Products of Education is actually a life insurance product but with additional benefits in the form of investment results which amount has been determined at the beginning. This product is commonly called the endowment insurance means in addition to providing protection, these products also provide additional benefits in the form of investment results. Differences with unit-linked products are the result of its investment. In this dual-purpose product investment results have been determined at the beginning of which we already knew from the start exactly how much will we get later. While at unit link products, investment results can not be determined at the beginning because growth is dependent on how that process of investment managers of funds we invest.

The advantage of this product as I have mentioned above is a certainty in the number of results. Usually since the beginning of the insurance company already provides a number of funds that can be retrieved or investment results that could used. But still have weaknesses. This product is not responsive to inflation. Whereas education cost increases are also influenced by inflation. If in the interest of education savings products could rise or fall according to market conditions, then the product is not. Results have been determined at the beginning. So if the increase in tuition fees over our investment results, there can be required at the time those funds are no longer sufficient.

2. Growing-Income Products
It offers investment products result from the process of selling and buying. Usually the result of profit or revenue sharing. Products included in this type of gold, land, stocks, mutual funds, unit-linked and so forth.

This product has the potential for higher yields from fixed-income products. This is because development depends on the result of demand and supply. So the selling price could be very high because the number of requests. But the weakness is not the price rise could occur but instead falls. This can happen because the supply is higher than demand so the price falls. Yet some sort of investment products are usually for the long term will increase due to inflation or scarcity. For example gold, land, stocks, mutual funds and so forth. All must you can do is to prepare your children education for now. Learn how to handle money and Education Savings Plans is something you must know.

Education savings plans are one type of banking products commonly referred to as types of savings deposits. Why it’s called as long term deposits? Because in this kind of savings there are periods of time can not limit us to use our funds prior to that time period is reached. For example if we plan and is committed to saving over five years, then during that time also, we should not take it.
WHY NECESSARY?
As described above, this saving product is one savings product that has a goal which is to prepare the cost of education. But why do we wear baseball savings alone? The following points may be explained.

Ease. Education savings usually is an additional product from the main savings account. So that savings deposits are not based on the transfer or deposit that you are doing but will automatically be debited / transferred from your checking account into an education savings account.

Disciplines. There are other advantages if you choose this product rather than saving yourself is that you can not help but “forced” discipline on your commitment. Why so? Because usually when you fail a particular month will be debited on your account will be charged a penalty. So do not let baseball no money for the discharge. More disciplines than if saving your own?

Interest is higher and at no cost. Different from other types of savings accounts, education savings usually have relatively higher interest rates than ordinary savings accounts, and even some banks offer a fixed interest rate, or fixed, each year. What are the advantages of this fixed interest? One of them is that you have certainty over the amount you earn in the future. One again, saving the cost of education does not recognize. So here you would not recognize the existence of administrative costs, let alone ATM. For the purpose of this is obvious savings for investment rather than consumption, so the ATM is not required.

Withdrawals as we needed. Because the goal for education costs, funny dong, yes, if fitting is required we can not use. So often these savings make it easy for owners to withdraw their funds in accordance with that specified in the required time is adjusted to the years children attend school.

There are insurance. Not a new thing again that education has the additional benefit of savings in the form of insurance. So even if something happens to us, do not be afraid of insolvent savings because insurers are paying.

It is true, with interest rates being offers, sometimes we will feel that the money saved does not seem to be enough for college costs even you are really master about handle money but we can’t foresee things in the future right…? But remember, at least we’ve got some of those funds. So if they have to borrow for the enhancements, we do not need to borrow large amounts, is not it?

The problem is a large income does not always ensure that our needs in the future and other financial goals achieved. If there is a large income and expenditure as large, then there is nothing remaining for the preparation of the future. Moreover, if our expenditure is far greater than income, it is the household’s budget deficit, and to overcome the deficit will begin to use credit cards. If we adopt a lifestyle beyond our financial capabilities, then it is definitely our income is not enough. Excessive lifestyles are usually derived from meeting the needs of a more consumerist based on a desire rather than necessity. Therefore you need to first realize that not all desire or expenditure that you shall meet. You can choose which is mandatory and what is not with how to set spending priorities, and then try to only spend money just for spending priorities that have been budgeted only. There are 4 priorities of expenditure as Family Financial Solutions, which should be execute these are considered as family financial management by: 1. Installment debt, pay first installment debt.
Pay prior right before time. Don’t be late because it could be subject to fines. Do not get stuck, because the accrued interest will be calculated so that it can continue to make outstanding debt are swollen. Polar pay a fixed amount of mortgage debt in advance, because the fixed amount each month so inflexible, mortgage payments can not be reduced. For a more flexible installment debt such as credit card then pay according to ability. If you want to get it over with credit card debt then pay more than the minimum payment, but if not able to pay a minimum advance. Try to make priority fortune or money in advance to credit card debt settlement. During this settlement should not add to your credit card debt.

2. Savings and investment. If you and your husband during this time many earned income reinvested into the business or property, it is important to realize that business and property investment is not liquid or require time to be converted into cash, although it returns high. Though there are household needs often require the availability of sufficient cash for unexpected needs. Purposes of this unexpected that often make the wallet conceded. Therefore, you should still have some savings with sufficient funds, a reserve fund. If you do not have a reserve fund, form substitute fund this by saving regularly into a savings special separate reserve fund.

3. Insurance premiums.
If you have liability insurance premiums will pay on time so that her policy was not canceled unilaterally, making it easier for you to make a claim when there is a risk.

4. Cost of living.
Household expenditure becomes the last priority because most flexible. You can reduce some expenditure that is not mandatory. If some spending more satisfying lifestyle driven solely, then subtract that expenditure. Regarding children’s education costs, if deemed too large then work with your child to make adjustments.

Talk with your husband, if necessary with children who are old enough, to jointly overcome the financial problems of your family, with good corporate side by side surely easier to handle money safer. Only with good cooperation, mutual support and a strong determination to carry out a financial plan that has been made, then rest assured that you and your family can solve this problem and Anticipate Financial Problems. So you will successful with the American family financial.