Time to Enjoy the Fruits of Your Lemonade Stand
When the work is done [How to operate a lemonade stand] and your child’s lemonade stand has closed for the day, there is still another life lesson [lessons from a lemonade stand] for them to learn. No doubt your child is excited to have made some money and wants to run to the store to buy a new toy, but this is the time to teach children about what to do with the money they earned.
Don’t spend it all. Learning to save and manage money is crucial to building wealth and a secure financial foundation and it is never too early to teach your kids this lesson. A piggy bank is a great way to start. Have your children put some of the money they earned (as well as other money they get) into a piggy bank. Explain that the objective is to fill the piggy bank with dollars and coins and save this money for the future. You can discuss saving for short- and long-term goals, so they understand how they can afford to buy things and how long it takes to save for something they really want. It’s all about understanding the value of money.
When Life Gives You Bad Lemons
Your children want to set up a lemonade stand. You think it’s a great idea because it can teach them many life and money skills (link to first post). But sometimes, it may not go as smoothly as you thought. Here’s a few hurdles your kids may encounter and how to help your kids through it:
Let’s talk lemonade stands. National Lemonade Day is August 20th, and we’re here to bring awareness to one of the most fun and creative ways your children can make some pocket change. It’s their first dollar earned, their first “business” and possibly, their first experience with success/failure.
To your kids, it’s just another summer activity. To you, it’s an opportunity to introduce them to important life skills they will need- and ultimately, thank you for. Here are some of the skills children both learn and obtain from running a lemonade stand:
Ready or not, 2018 is here! Most people see a New Year as a perfect opportunity for a fresh start. 40% of Americans made New Year’s resolutions for 2018, but the reality is, not all Americans will maintain their annual promises.
It’s finally here, the biggest shopping day of the year!
Black Friday is the most anticipated shopping event of the year but it’s also potentially the most problematic. Whether you shop at 1:00 am or 10:00 pm, Black Friday shopping can be overwhelming. Here are some tips on how to have a stress-free day.
It is important to prioritize where you want to shop and what you want to buy. Make sure you look at the Black Friday advertisements to see the store’s deals and operating hours.
Plan what you want to purchase. Shopping on Black Friday is always filled with crowds. It is best to know what you are looking for so you can save time and money.
As I wrote in a previous blog, I have been jumping on the “Thankful Train” and looking for ways to teach my kids to give back. But the more I thought about it, I realized I needed to emulate giving back as well. We usually donate money to charities that are important to us but we didn’t think it was enough to show our kids that we were taking action ourselves. So my husband and I volunteered to be our childrens’ school captains of a charity fun run supporting the local NYC Ronald McDonald House. Over 30 schools in NYC participate with over 1,000 runners. The kids raise money to support their run, in turn supporting the Ronald McDonald House.
Everyone seems to be jumping on the Thankful Train in November, including me and my kids. A few weeks ago I started to think of ways I can teach my kids to give back no matter how small. Fortunately, my children attend a school where giving back is important and part of their education. So luckily for me I didn’t have to look too far.
Halloween is a day of entertaining tricks, delicious treats and ghostly costumes. Throwing a Halloween party is a great way to ensure a “spooktacular” time for your kids and their friends!
Decorations are a must have for your child’s Halloween party!
Get some pumpkins, spider webs, lights and bats to “spookify” your home.
You can either make your own decorations or purchase at any store. Stores like Party City, Target, Wal Mart and Jo Ann’s Fabrics carry an array of halloween decor, candy and treats.
Carol Sankar an international business consultant spoke at a Ted-X talk and said, confidence, this is the missing link that makes women successful. She calls it the “confidence factor.” Is it the way girls are raised or society that makes them less confident?
Women are as successful but are less confident than men, according to a report titled “The Status of Undergraduate Women at MIT.”
Many women suffer from the imposter syndrome. Facebook COO Sheryl Sandberg told us before Lean In, was published: “There are still days I wake up feeling like a fraud, not sure I should be where I am.”
This happens with my friends all the time. If they are applying for a job, they will not throw their hat in the ring if they don’t have all the qualifications. Let’s say they have 8/10. They will not apply. Men on the other hand will have 3/10 and go for it!
In the midst of the sentiment that you are surely feeling during this time, there’s a lot to think about to prepare your college student for the next four years. One of the things you are probably thinking about is whether or not you should get them a credit card.