Tamara Bridal's September Newsletter- 79th Edition

2 concerts we went to

We went to 2 concerts this month....one was with friends and we went and seen the Dixie Chicks, oops I mean the Chicks.  I don't think I will ever get used to their name change.  It was a pretty good concert.  

The other concert was completely different for us, but we loved it.  We went and seen Bria Skonberg.  New York City Based Juno award winning Jazz trumpeter and vocalist.  Wow does she have talent.   She was amazing.  Her pianist has some magic fingers I swear he made that piano dance.  So glad we got to see them.  And it was a great date night for the hubby and I.  

Chilliwack Sunflower Festival with my girls

Well my oldest daughter is 29, where did that time go...eeek.  This year she celebrated a little differently as she is on crutches from a softball accident, poor girl.  So we went and enjoyed the Sunflower Festival and pushed her around in a wheelchair, which that alone was a feat, but fun.  She may say otherwise LOL.  But more memories were for sure made and we had fun.  I love hanging with my girls.  Click below to see....

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Teaching kids about money

Financial independence is a critical skill for future success that your children will not learn anywhere else.

Not only does financial literacy help your children have more success in life, but it allows them to move out sooner and it avoids delaying your retirement with additional expenses to support them.

So, how do you teach your children about money?

Review Your Attitude Towards Money: The first and most important thing is to examine your own attitude towards money. Are you a penny pincher? Frivolous spender? Do you buy on impulse, or take a long time to make a purchase? How much debt do you have? Your financial habits will shape your children. To ensure that you are setting them up for their best financial future, parents need to consider what messages they are sending with their own money habits.
 Give Your Children an Allowance: Providing an allowance to your children (especially one in exchange for chores) is an age-old way of teaching your kids about money. A good guideline is $1.00 per year of your child’s age. For a 10-year-old, this would be $10 per week.
 Teach Your Child to Save: If you are giving your child $10 per week in allowance for chores, encourage them to put even just $1 per week into a piggy bank. In six months, show them how much money they have saved and talk to them about why it is important, and what they can do with that larger amount now.
 Encourage Kids to Think Before They Buy: While it’s hard to get a 10-year-old excited about an RRSP, there are other ways to help them plan ahead. One is to encourage them to think about their purchases before they commit. They saw a toy on TV and they have to have it - teach them about how advertisements are designed to make you want something. Ask them to wait a week. Do they still want it?
 Involve Your Children in the Family Finances: It is more valuable than you might think to let your kids see and hear you discuss financial planning; let them be part of opening and paying bills or planning vacations. Explain why and how much you pay for certain things and discuss affordable choices. This helps them be part of the conversation and will work to instill a sense of financial responsibility as they grow up.

Remember, you are the best example to your children about money. Don’t be afraid to share the ups and downs with them. Be patient with your kids, but don’t give up! The best thing you can do as a parent is to promote financial security and independence