21 March, 2010

Teach Your Kids To Save

Lessons on wise ways to handle money are key to their financial future.

photo: EducationalLearningGames.com

Many key parents build a nest egg for their children to help education costs or to be put towards their first home. While that will give them a great head start, it's not enough on its own. Parents must invest time in teaching kids about money and how to develop solid savings habit.

Start them off early
The earlier you start, the better. When kids reach pre-school age, begin by explaining what money is and start to show them the various shapes and sizes of coins. Tell them how you get the money and it's used to buy. Kids learn the most about money from observing their parents. So try to set a good example for your children.

Pocket money years
Pocket money is a vital way of teaching your children good financial habits. It's their first taste of managing an income and it will help develop the skills they'll need later in order to live on a regular wage as an adult. My husband and I started paying our kids pocket money when they started school, about 5 years of age. We used to have a deal of paying the kids in return for a little household jobs -- like fixing their bed or as simple as matching the family's clean socks. It's good to get kids used to the idea of working for pay early on.

In the Piggy Bank
Children can start saving as they begin receiving pocket money. Sit down and explain to them what saving means. Ask them what they'd like to save for and help them reach their goal. Get younger kids a piggy bank and put a picture of their goal on it as an incentive. Ensure it's something achievable so they'll maintain their interest.

Open an account
After your child gets the hang of saving, it's time to open a savings account. We were able to get our kids a "Junior Savings Account" at BDO. The bank offers discounts and freebies to certain establishments.

Inspired to invest
When your kids are in high school, give them the financial freedom, particularly if they get a part-time job. Discuss setting financial goals and regular saving. Explain the basics of investing and growing their money by earning returns on their returns.

09 March, 2010


What will you do if your 11-yr.old daughter has a SPOILED BRAT classmate and keeps on bullying her in school like..

(1) telling the entire class that my daughter is STUPID;

(2) sneaking on my daughter's things, e.g. reading her personal diary and broadcasting it's content to the whole class;

(3) posting messages on a popular website, stating that my daughter is slow and has no reputation

Some parents already talked to the class adviser and the principal as well. Their kids also had the same experience with the brat. All they got was an advise -- "It's not a big deal! Children are children. We parents and teachers are mature enough to make this as a big issue."

If I will summarize the teacher's response to the parents' complaint, it will be  -- "GROW UP!"


Please post your comments and suggestions..

Thanks so much!


02 March, 2010

Poverty in the Heart of Makati

I know my blog is supposedly about beauty and wellness. But this time, I can’t help but to share my insights about the municipality, particularly the neighborhood where I used to reside in the heart of Makati City.

Makati City is known as the “Central Business District” of the entire region since most of the multi-billion corporate businesses are situated in here and effectively had been meeting their objectives to their success. I believe this is one of the countless reasons why most of the politicians are so interested to take-over and manage the metropolis. I learned that P9-billion was the designated budget for the city. Imagine how much tax every establishment, corporation and businesses pay per annum, not to mention the inevitable “under-the-table” transactions (no offense meant). That’s a lot of money...

Anyway, contradicting these billions of revenue, I was asking myself, how come there’s still poverty? I took some shots of the people I normally see everyday. I learned that these families came from different provinces, went here in Makati to look for employment opportunities. They end up renting a small dwelling place near my apartment. They were about 40 families, trying to squeeze each other in a 100 sq. m. lot. Due to the undersized place they have, they were able to convert the street in front of their houses as their laundry area, bathroom and a place for siesta.

These are the typical scenes I witness everyday..

The mothers are side by side playing Bingo while their children are roaming around without a pair shoes or slippers.

The fathers and some youth are playing cards on an improvised small table, with several bills and coins placed in front of them.

These pictures actually speak for itself. Although Makati is a wealthy city poverty and unemployment are still soaring high.

In my opinion, the local officials should focus more on  livelihood programs and organize an effective family planning seminars for the parents.