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Finance

Chart patterns such as the death cross signals major sell-off

A death cross is a chart pattern used in technical analysis. As its name suggests, if you a death cross on a chart pattern, there is a big chance of a significant sell-off. It shows up in situations where a short-term moving average makes a crossover under the long-term moving average. Since we are talking about moving averages, the most common ones that traders use are 50- and 200- day moving averages.

Bear markets and death crosses

A death cross is a long-term indicator. Hence, there is more significant pressure on this indicator since traders would want to know more information on securing their gains before the start of a bear market. Furthermore, when a death cross appears in a chart, an increased volume is almost always present. The world has witnessed some of the worst bear markets in 1929, 1938, 1974, and 2008. If only the investors got out of the stock market like 90% of the investors did in the ’30s, they would have avoided significant losses.

Tell me more about death crosses.

Analysts say that a definite signal for a bear market is when a short-term moving average such as a 50-day SMA makes a crossover below a significant long-term moving average such as a 200-day SMA. Whenever this happens, a shape that looks like “X” appears. This is most probably the reason why the death cross is named as such.

History shows us that this pattern appears before an extended downturn for long- and short-term moving averages. It’s a signal that tells us that a stock’s or a stock index’s short-term momentum is getting slower.

However, this does not always mean that the bull market is ending already. For instance, a death cross appeared in 2016, but the bull market did not end. We can only imagine what happens to the investors who got out of the stock market because they solely depended on the death cross. They ended up missing a massive chance for profits. That incident in 2016 is a classic example of “buying the dip” or a buying opportunity when there is a technical correction of more or less 10%.

The downsides of the death cross

We know that these indicators are just indicators, and they do not guarantee anything. They are only guides for traders to watch out for the unknown. No matter how extreme is the regard of other people towards an indicator, a trader should not solely rely on it. Hence, a trader should always double-check and utilize different tools to confirm the presented ideas.

What is really a death cross?

People, especially analysts, have different opinions and ideas on death crosses and the moving average crossovers. Some analysts say that a meaningful, moving average crossover is a 100-day by the 30-day. For some, it is a 200-day crossover by the 50-day. For some, crossovers on lower time frames can be confirmation of solid trends. At the end of the day, the standard definition of death cross is always the short-term moving average with more value crosses below the major long-term moving average.

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Finance

Columbia Credit Repair Pros

3 Ways to Help Improve Your Credit Score

           It is no secret that when it comes to credit scores, the higher the number, the better. But if you have a low score and don’t know why or how to fix it, this post will help. Credit repair is an important subject because as we all know, our financial lives are intertwined with our credit scores. And while there are many ways for people to get their hands on bad credit information-whether it’s from applying for too many loans at once or not paying bills in full-credit repair can go a long way in repairing your credit report so that you can be eligible for more loans and lower interest rates. It’s the only thing that lenders will look at when you are applying for a mortgage, car loan, or other financing. But sometimes we need to know how to repair credit if we have had some bad luck with late payments, bankruptcy or foreclosure. Here are 3 ways to help improve your credit score and keep it healthy for years to come.

  1. Paying Off Any Outstanding Balances

The best way to increase your credit score is by paying off any outstanding balances on loans and credit cards. It’s also important to keep your account in good standing by making payments on time, keeping the balance below 30% of the limit, and not opening new accounts. Finally, it’s a good idea to review your report for inaccuracies that might be lowering your score.

  1. Paying the Bill On Time

There are many things that can help you improve your credit score. These include paying the bill on time, making sure to have a low balance in your bank account and keeping at least one credit card with a decent limit open. You should also consider putting some money aside for emergencies, such as saving an emergency fund or setting up a rainy day account.

  1. Have the Right Amount Of Revolving Accounts Open

A good way to avoid overspending is to not have too many revolving accounts open.  Being a responsible adult means having the right amount of revolving amounts open and paying them off on time.  This will help you save money in the long run and keep your credit score high! The amount of revolving balances you have open at any given time can affect your credit score. If you have too many, it could lower your credit score and if you don’t have enough, it could raise your credit score. Understanding the impact of this on your life is important because no one wants to pay more for their loans than they need to or be denied a loan when they really need it!

Credit score is one of the most important aspects of maintaining a healthy financial life. It can affect your ability to get loans, mortgages and even jobs. But what if you’re not sure how to go about improving your credit? That’s where Columbia Credit Repair Pros comes in! Contact them today before it’s too late at  creditrepaircolumbia.com. They will work to maintain your credit score, and keep you in good standing by monitoring if any of your accounts have been closed or opened without your knowledge, and also monitor for any unauthorized withdrawals from these accounts. If they find anything suspicious, they will contact you immediately so that it can be resolved before it affects your overall rating.

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Finance

Bigger Home Loan vs Using Up Savings, Which Is the Better Option? Find Out Now!

When buying a home, the dilemma of bigger home loan vs using up savings is common. To find out the best option, you must understand the implications of your choice on your financial health and future goals. Here are some factors you must consider before making the decision.

  • Financial security

Availing a bigger loan could mean you have significant savings in your pocket. Having savings at your disposal gives a sense of financial security. You never know when you might need some extra bucks for any emergencies. If you drain all your savings towards home loan down payment, you might face financial restrictions during the tenure.

  • Income level

Consider your income while choosing between the two. Lenders do not approve a high loan amount if you do not have enough income to assure them of your repayment capacity.  Similarly, availing a bigger home loan might not be a good idea if you are already servicing other debts. It is because, a higher EMI could increase your debt to income ratio and even lower your credit score. So, with a low income, it could be better to use your savings and accumulated wealth to pay a higher down payment.

  • Investment

A bigger loan helps you to use your savings for investments. Investing the savings can help you earn returns. It can even help you repay the loan. Diversified investment vehicles like mutual funds can help you earn significant returns over a longer duration.

Illustration

Here’s an example to understand it better.

Mr. Ajay and Mr. Vivek chose a house costing Rs 1 crore in a residential society. They planned to avail a home loan and decided to pay the down payment from the savings of Rs 45 lakhs they both had. Mr. Ajay opted to pay a down payment of Rs 25 lakh while availing a higher loan amount of Rs 75 lakh. He used the remaining Rs 20 lakh to invest in mutual funds. Mr. Vivek used all his savings and paid a down payment of Rs 40 lakh with a home loan of Rs 60 lakh.

At the end of the tenure, Mr. Ajay paid home loan EMI of Rs 63,000 per month and Rs 1,51,20,000 as the total repayment amount. However, he also earned Rs 1,44,00,000 as returns from mutual funds at 12% rate of return.

On the other hand, Mr. Vivek paid an EMI of Rs 50,000 per month and a total amount of Rs 1,20,00,000. However, he had no earnings from returns.

 

Whether you choose to avail a bigger loan or use your savings, you must consider your financial stability and income. By not using up all your savings towards making the down payment, you may have to take a bigger loan, but you might earn profitable investment returns. It could also allow you to have some liquid savings in your hand that you can use for catering to financial emergencies.

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Finance

AN INTRODUCTION TO RETIREMENT PLANNING: THE 4 L’s

The mere thought of retirement gives pangs of anxiety to several people. While some may see it as an opportunity to do activities such as leisure, spending time with loved ones, travel, indulging in a hobby, etc., others may see it as an ominous end of their reliable and safety net of regular income. Regardless of which side of the wall you are on, a robust financial plan that considers your future retirement goals must be adopted to ensure a comfortable life post retirement. This article aims to serve as an introduction to retirement planning and also explains the 4 L’s associated with retirement planning.

What is retirement planning?

It is the process of concocting a regular and steady stream of income for retired individuals who no longer have the safety of their jobs or business. This process involves understanding and identifying retirement goals and making relevant investment decisions to achieve them. In layman’s terms, the period of retirement is deemed as the end of the everyday struggle of a human being. Your retirement strategy must be devised after taking into consideration various factors such as your age, income level, risk appetite, retirement goals, etc.

The Four L’s in retirement planning

To fully understand, draft, and execute a retirement plan, you must take into consideration four critical parameters. Here are the four L’s that you must consider to successfully create a retirement plan

  1. Longevity
    The objectives of this parameter are directly connected to one of the biggest risks of retirement income – outliving your retirement corpus. This parameter focuses on ensuring financial independence in the future so that you are not a burden on your loved ones. This aims for an individual to cover their basic expenses, including, but not limited to housing, healthcare, food, and other daily living expenses.
  2. Liquidity
    This objective requires an individual to have enough reserves for any unforeseen emergencies. These reserves must be liquid enough to cater to any home repair, family contingencies, illness, or random death of your spouse. Liquidity can also help you to fill gaps during an unanticipated market fall.
  3. Lifestyle
    This objective focuses on maintaining an individual’s current standard of living. It also gives importance to the fact that an individual is able to enjoy their retirement with desired unrestricted expenses. Unless an individual is quite rich, this objective usually requires an individual to amp up their spending power. Saving and investing to achieve a substantial corpus will help you to enrich your lifestyle which will help you to do all the activities that you planned to do in your retirement era. This will also help you to shower your loved ones with gifts.
  4. Legacy
    This objective aims to leave financial assets as a legacy for your subsequent generations or charities. Typical financial goals under this objective include supporting loved ones, charity, and political movements.

There are certain types of investment that can help you create a robust retirement plan and subsequently achieve a substantial retirement corpus. Some of these investments include mutual funds, National Savings Certificate Scheme (NCSS), Public Provident Fund (PPF), Post Office Monthly Income Scheme (POMIS), bank fixed deposits (FD), etc. Evaluate the investment options that best suit your portfolio and start investing for your retirement today. Happy investing!

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Finance

What is property tax?

The sum paid by the landowner to the municipal corporation or local government for his or her region is known as property tax. Every year, the tax must be paid. Real estate assets include property, office buildings, and residential residences that are rented out to third parties. The government levies a property tax on every tangible real estate that an individual possesses. Residential residences, office structures, and premises rented out to third parties are examples of real estate assets.  Explore for more information regarding texas property tax loans.

What is the definition of property tax?

Taxes are a government’s principal source of revenue, with the amount of money collected dictating the resources accessible to residents. Every property is a taxable asset, and the property tax is an annual amount paid to the government by the property/landowner. Depending on government policy, this tax could be paid to the local state government or the Municipal Corporation.

Property Classifications

  • Land – in its purest form, devoid of any development or enhancement.
  • Immovable man-made creations such as structures and godowns are examples of land improvements.
  • Personal property refers to moveable man-made objects such as cranes, automobiles, and buses.
  • Intangible assets

Advantages 

The tax has a number of evident advantages, including:

  • In virtually any setting, it is technically and administratively possible to introduce and/or sustain.
  • It is inexpensive to manage, and it is conceivable to achieve a cost-to-return ratio of less than 2%.
  • It is extremely difficult to avoid or evade, and collection success rates of over 95% are common.
  • It’s see-through.

Drawbacks

  • The big lump-sum payments frequently connected with property taxes are viewed as a significant negative.

Property taxes may not be tied to cash flow because they are based on unrealized capital gains. This makes it more difficult for corporations with a lot of property but little money to pay their bills.

The correlation between the appraised value and tax is frequently misunderstood.

When compared to fixed-rate taxes like sales and income taxes, this might be seen as a disadvantage. The problem is exacerbated when tax authorities allow long or irregular periods between reappraisals, resulting in sticker shock for taxpayers.

  • Assessment ratios range between property classes, therefore property tax appraisals may be seen as inequitable.

Appraisals can be actually inequitable under any circumstances. Inequitable treatment is characterized by a lack of effective state or local oversight and demonstrably inadequate uniformity among comparable properties.

Why should you pay?

Remember that the property tax contributes to local finances, which are used to pay salaries to municipal employees such as those who sweep the streets or maintain the area’s sewage system. In addition, there is a penalty for nonpayment or late payment. On the amount owed, you will be required to pay a fine in the form of penal interest. The rate is determined by the authority in question.

conclusion

Local governments rely on property taxes to fund their operations. They account for approximately three-quarters of municipal tax receipts and are a major source of money for K–12 education, police and fire departments, parks, and other public services. It’s also worth noting that the owner, not the occupier or tenant, is responsible for paying property taxes. As a result, ensure your property taxes are paid on time.

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Finance

How Does Interest on Savings Accounts Work?

A savings account is a basic bank account that allows you to park your money and earn interest on the same. The interest rate on savings account determines how much money the bank would pay you to keep your funds as deposit. In this article we are going to shed light upon how interest on savings account work.

Savings account interest rates

Numerous banks offer competitive interest rates on savings accounts to attract customers. Easy access, hassle-free deposit and withdrawal, and online banking, are some of the major benefits of a savings account. Therefore, opening a savings account can help you save and grow your money in the easiest way.

As per the latest mandate by the Reserve Bank of India, savings account interest rate is calculated on a daily basis depending upon the closing amount in your account. The total interest collected is credited to your savings account on half-yearly basis or quarterly basis depending on the account type and the rules of the bank.

However, the RBI has recently advised the banks to credit the interest on a quarterly basis as it will be beneficial to the customers.

Formula to calculate monthly savings account interest

The formula to calculate monthly interest on savings account is given below:

Monthly Interest earned = Daily Balance x (Number of days) x Interest / (Days in the year)

For instance, if the daily balance is Rs. 2 lakhs, and the savings account interest rate is 4% per annum, the monthly interest will be as follows.

Monthly Interest earned = 2,00,000 x 30 x (4/100) / 365 = Rs. 658

While it’s good to settle for a bank that offers attractive interest rates on savings account. You must also take into consideration the charges such as overdraft fee, ATM fee, minimum balance penalty, fees for bank cheques, etc. These charges levied by the bank could offset your interest earnings or even cost you more than what you would earn from savings account interest.

Tax benefit on savings account

The interest earned from savings account is considered to be as “Income from Other Sources”. This interest earning must be filed for Income Tax Returns. However, the deduction is allowed for interest incomes up to Rs. 10,000 only. Make sure that you open your savings account with a recognized public or private bank or with the Post Office.

You can make use of a Savings Account Interest Rate Calculator to find out the interest that you will be able to earn from a savings account. The online calculator is easy-to-use and provides accurate output. All you have to do is enter basic information like average balance and interest rate offered on savings account by the bank. Then, choose whether the interest will be credited on a monthly, quarterly, half-yearly or yearly basis. The calculator will then calculate the interest earnings you will get from your savings account. So why wait? Open a savings account with a reputed lender and start growing your money in the easiest way.

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Finance

International Equity Funds: What are they and how to invest?

Although it is true that equity funds are categorized based on the market cap the choose to invest in, there are other equity funds that are based on a slightly different parameter. These equity funds, also referred to as international equity funds, give Indian retail investors an opportunity to seek capital appreciation by benefiting from the international market cycles. An international equity fund may either invest in international stocks or invest in a foreign equity fund that invests in international stocks. Here’s everything that you need to know about international equity funds –

What are international equity funds?

As mentioned earlier, international equity funds invest in those international companies that aren’t listed on either of the exchanges here in India. These funds invest in companies like Apple, Microsoft, Facebook, Google etc. and try to benefit from the growth and progress these industry giants are making year after year. International equity funds make an ideal investment option for those who wish to invest in foreign markets but do not have the resources to do so. Most of us use apps and services made available by these foreign companies. Since we are giving business to these companies, why not invest in them and try to make profit? Over the past few years, equity mutual funds have gained interest among Indian investors because of their unique and exciting asset allocation strategy.

How do international equity funds work?

There are multiple ways as to which an international equity fund may function. One structure of international equity funds is FOF, where the fund manager of an Indian mutual fund invests in an international equity fund. Here, the Indian fund manager doesn’t buy or sell international securities but buys units of its underlying international equity fund. The fund manager of the international equity fund in which the domestic fund has invested does the job of buying and selling securities. Then there very few Asset Management Companies who manage international funds on their own here in India.

How to invest in an international funds?

You can either make a onetime lumpsum investment or opt for a Systematic Investment Plan while investing in international equity funds. Yes, retail investors can invest in an international equity fund pretty much like they invest in any other mutual fund scheme. A onetime lumpsum investment can be considered by those individuals who have recently inherited a large amount of money or have surplus capital which is sitting idle in their savings account. Keeping a large capital in your savings account doesn’t make much sense as you aren’t going to get any decent returns from your bank. Instead, you can let the money do that hard work and earn some interest for you by making a lumpsum investment in an international equity fund of your choice. The only catch is that you end up exposing all your finances to market vagaries.

A Systematic Investment Plan (SIP) on the other hand is an investment tool made available by market regulator SEBI to allow retail investors to invest small fixed amounts at regular intervals. Once you start a SIP, every month on a fixed date the predetermined SIP sum is debited from the investor’s savings account and electronically transferred to their mutual fund portfolio. Those who are new to investing, they can even refer to online SIP calculator which will help them draw the approximate figure on the capital gains that they might receive at the end of their SIP investing journey.

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Finance

Are liquid funds ideal for building an emergency fund?

The coronavirus pandemic has made people realize the importance of having an emergency fund. Several people have lost their well paid jobs and the conditions are worst for daily wage laborers. However, such unforeseen problem could have been averted on individual level if people had allotted a portion of their savings to building an emergency fund. To tackle life’s unforeseen exigencies. To build an emergency fund, there are few things that investors must take into consideration.

To begin with, investors must first make a list of all their monthly expenses and ensure that they keep their expenditures to minimum.  The whole purpose of having an emergency fund is to ensure that if any such pandemic or financial crisis arise in future, one must have enough funds to sustain for minimum three to six months. Financial needs of every individual may differ depending on the lifestyle one has adapted themselves to. Investors must calculate the minimum amount that they need to take care of their monthly expenses. These can include all utility bills, monthly EMIs (if any), house rent etc. An emergency fund must exclude unnecessary expenses like frequent dinners at fancy restaurants, fuel expenses, weekly visits to multiplexes and movie theaters and any such unwanted expenses.

What is a liquid fund?

A liquid fund is an open ended debt scheme which predominantly invest in debt securities that have a maturity period of up to 91 days. A liquid funds invests majority of its investible corpus in treasury bills, commercial paper, government securities, etc. Since these funds invest in securities with such low maturity rate, a liquid fund’s investment portfolio is void of interest rate risk and credit risk. The investment objective of almost all liquid funds is to ensure that the investor’s corpus remains unaffected by any fluctuations in the interest rates. This is why, liquid funds aren’t known to generate wealth. However, they do offer financial stability and ensure that your money earns interest without facing much volatility.

What makes liquid funds ideal for building an emergency fund?

The whole purpose of having an emergency fund is to ensure that you have money in your hand to smoothly roll over like unforeseen exigencies. As its name suggests, liquid funds offer immense liquidity to its investors. In case of an emergency, investors can sell their liquid fund units and money is usually transferred to their registered savings account within 24 hours. Also, another big advantage of investing in liquid funds is that investors need not redeem their entire corpus. Only the amount that is needed can be withdrawn while the remaining corpus can continue to accrue interest.

Investing in liquid funds is better than investing in bank fixed deposits, especially if you are building an emergency fund. Although both liquid funds and bank FDs offer almost similar returns, your money is locked in for a minimum of three years. This makes liquid funds a clear winner as investors can invest or redeem their fund units on business days.

If you wish to ensure that you continue investing in liquid fund to build a commendable emergency fund, consider starting a monthly SIP. Systematic Investment Plan is an investment tool that allows retail investors to invest fixed amounts at regular intervals. All an investor has to do is complete all the pre-investment formalities and become KYC compliant and they can start investing in liquid funds from the comfort of their home or office using a smartphone or a laptop and navigating through the fund houses’ website.

Although liquid funds are safer than equity schemes, they do not offer guaranteed capital appreciation. However, they are ideal to give your mutual fund portfolio the liquidity it deserves.

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Finance

What are debt fund of funds?

Not everyone wants to expose their finances to market volatility. That’s because you should have a very high risk appetite to invest in market linked schemes like equity funds. There is a common misconception among Indian citizens who are convinced that if they invest in mutual funds, they will definitely lose their money to market volatility. What they do not understand is that not all mutual funds invest in the stock market. Every mutual fund scheme has a different investment objective which it aims at achieving over the long term by investing in a diversified portfolio of securities. The performance of a mutual fund depends on the performance of all its underlying assets.

If you do not wish to invest in equity schemes but still wish to earn capital appreciation by investing in mutual funds, you can consider adding debt funds to your investment portfolio.

What are debt mutual funds?

Unlike equity funds who predominantly invest in equity and equity related instruments, debt funds are open ended schemes who invest majority of its investible corpus in fixed income securities. A debt fund usually invests in fixed income securities like corporate and government bonds, treasury bills, commercial papers, certificate of deposits and other money market instruments. Debt funds make an ideal investment choice for those individuals who aren’t happy with their existing conservative investments and are looking to switch to a scheme that offers better returns. Debt funds can also be considered by mutual fund investors to seek diversification.

What is a fund of fund?

A fund of fund is an open ended mutual fund scheme that invests in other mutual fund schemes to earn capital appreciation over the long term. A fund of fund scheme may invest in one or more than one fund to achieve a common investment objective. In a normal mutual fund scheme, investors benefit from the expertise of just one fund manager. But when you invest in a fund of fund scheme, you can benefit from the expertise of several fund managers. That’s because the fund manager of a FOF scheme invests in other mutual fund schemes and tries to rebalance the portfolio if and when required.

What are some of the primary benefits of investing in debt fund of funds?

A debt FOF scheme offers diversification like no other mutual fund scheme as investors get to benefit from the expert opinion of multiple fund managers. The performance of a FOF scheme depends on the performance on all the underlying funds that form its portfolio. A debt FOF scheme tries to replicate the performance of all the mutual funds in which it invests to achieve a common investment objective. Investors need not invest in various debt fund schemes and instead invest in a debt FOF scheme and benefit from the immense diversification that it offers. Investors do not have to pay for the expense ratio for the debt FOF scheme’s underlying funds but only for the scheme in which you have invested.

Consider staring a monthly SIP in debt FOF

If you wish to remain invested in a debt FOF for the long run, consider starting a monthly SIP. Systematic Investment Plan ensures that you save and invest a fixed amount at regular intervals. Investors can continue investing in debt fund of funds till their investment objective is accomplished. One can also make the most out of online SIP calculator, a free tool accessible to everyone. The investment portfolio of a debt FOF might not get affected by the fluctuations in the stock market but they are prone to credit risk and interest rate risk.

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Finance

Teach Your Kids to Value Money

When it comes to being a good parent you could probably name off five things “good” parents do without even thinking about it. Of all the things that came to mind, did you even consider the importance of teaching your kids about money? If not, don’t beat yourself up too much; knowing how and when to teach your kids about the value of money can be easily overlooked.

Making Cents

Teaching your children to value money is one of the most important things you can do to help your children get on the right path towards financial responsibility. As with most lessons you teach your children, you have to lead by example. Having a strong role model helps to cement the types of habits you want your children to have for themselves.

Give your children a healthy approach to money management by teaching them the importance of saving. Better yet, let them see the progress they are making. If your children receive money as gifts for holidays or birthdays, explain the importance of putting some of that money away so they’ll have it another day. Find a clear jar or container to save the money in. Take the time to be creative and help your child decorate and personalize their savings container. Chances are, if your child can see they are making progress, the jar filling up, they will get excited and feel accomplished.

For older children who are earning their own money by cutting grass, babysitting, or having a part-time job, help them to understand how money works with a practical approach. When you are out shopping and your daughter “absolutely has to have” the pricy and trendy top, break down the cost of that top. Explain how many hours or lawns she’ll have to mow, to have the money to make the purchase. By putting purchases into equations your child can relate to, you help them to develop a realistic perspective of how far money does (or doesn’t) stretch.

Encourage Savings Over Debt

Saving money is one of the most important lessons to teach your children. Encourage your children to save money by offering incentives. Help your child to set a goal they would like to reach. To build their excitement and eventually their sense of accomplishment, offer to match their savings. Create opportunities for them to earn money by doing chores beyond your normal expectations. They will learn early on by planning and having patience, they can get what they want.

By feeling the accomplishment of earning the benefits of saving money, you can avoid the sense of instant gratification that leads to incurring debt needlessly. When children learn to value and appreciate money, you can help them to avoid problems down the road because they understand getting what they want requires patience and perseverance.

If your child is already an adult who is struggling with bad debt, point them to the experts at Hawkeye Associates to help them get a debt consolidation loan to get that under control. They have lots of experience and positive reviews online.

Debt consolidation allows one to combine multiple monthly bills into one easy to manage payment, usually at a lower interest rate too!

Responsibility

If you let your children earn an allowance, make sure they understand the responsibilities that come with earning an income. If your child doesn’t complete the chores they are responsible for, don’t give them the full allowance. Explain that money is earned and certain expectations need to be met. On the other hand, if they go above and beyond, reward them with a small bonus they didn’t expect.

Schedule a work week. Let your children know that they will receive their allowance every Friday. Also explain that once they spend that money, it’s gone. It will help them understand how their decisions have consequences and hopefully avoid the need for debt consolidation later in life.

Regardless of what approach you take, the most important thing is your child understands money is earned and when it’s gone, it’s gone.

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