Thursday, July 2, 2020

Fathers and Finance

Fathers are a wonderful thing and should be celebrated everyday. They play a huge role in the family. They show how to provide and protect. I know a lot of families are different and some do not have fathers which is fine because everyone has different circumstances. But a fatherly figure doesn't always have to be a dad. A fatherly figure can be a grandpa, uncle, bishop, church leader, neighbor, or family friend. Everyone needs a fatherly figure in their life. They teach you things that mothers cannot. A father can be there for finances which doesn't always mean just the money brought in but how the money is used. Back in the days fathers were usually the main providers and brought in all of the money. Nowadays that is not usual. Both parents work now and aren't always there for their kids. Mothers used to stay home for the kids and nurture them and fathers were gone to work to provide and make money for the family. We also talked about finances and we talked about paying kids for chores and grades as a reward. Our professor recommended to not do that. It is not good. Most kids will most likely end up not wanting to do it or hate it because they see it as a job and not a chore to help around the house. It does not teach your kids the value of keeping the house clean and being told what to do and to respect adults.If you pay your kid every time they do something then from then on they will expect money for doing anything. If you then ask them to go put away their clothes they will be like " oh okay I will do it for five dollars".That is not how children should be raised.  Manage money before it manages you. You need to have a good saving management and ways to save money and how to budget. Dave Ramsey is a great example on how to save money and is very wise on that type of stuff. Budgeting is a very good thing to do and having a savings account is also very wise. You never know what emergency will happen in your life that will need you to have a big chunk of money on hand and need it right then. Savings can be hard but it will always be good to know that you have money on hand that is there in case of emergencies. What are some good savings tips that you have and would like to share with others?
Have a good day!
XOXO
-Claire

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