Before you can leave your children a set of good money habits, you need to look at your own habits and decide if they will help or hinder your children when the time will come for them to manage their own money.
Depending on who you ask, the answer can range from everything to nothing. From a realistic viewpoint, having money will not guarantee happiness, but not having enough money could make us unhappy and stressed. We believe that money, when used properly, can actually be used to “buy” happy moments. Here’s how.
Surprises are not always fun. An unexpected expense, especially a big one, can lay rest to the best of your budgeting efforts. Someone in your family fell sick and you had to pay for the medical expenses, or your sibling wanted emergency cash for a college trip. The financial consequences, in either case, might not be good.While your salary is unlikely to double overnight, here is a plan you can use to make your salary last longer for the duration of the crisis.