live within your means....spend for experiences rather than stuff......cut down on your unnesessary spending....teach kids about money early on.....this are good tips a father can share to fellow fathers.
following these tips alow me to demonstrate the how, the why and the because of all this tips
live within your means is like saying that the head of the family must make a
budget as guidance for his financial management on spending, investment and savings.
spend for experience rather than stuff....
this is one of the best tips that is must for parents....just to test the effectiveness of this tips, ask your children about the toys you give them and what happen to it, next ask them about the field trip you have with them. about the bonding and closeness to each other that it creates. the memories that lingers in their mind. the toys they will forget and set aside but the visitation to zoo, parks, the beach the picnics all together are memories that will not fade away and its valued will last forever.
your success on inhibiting yourself from unnessesary espending will realy increase your savings for future investment
teaching your kids about money matters about spending and saving and most of all about the effect of economics in their life and their savings.
they also need to be taugh on how to earn money on their own and not just rely on what is given to them by their parents to save.
because if they understand economics on money matters they will not become a burden to their parents and to the community..by teaching the children to be answerable to their deeds. they will learn how to be responsible for their actions.
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