Attitude of Gratitude and Money

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…How Gratitude is a Science and Money is a Result

Few of us associate money with gratitude. It’s true that there are people who have made a lot of money and rarely showed their gratitude for those that have helped them. But there are far more successful people who have done the complete opposite.

They know the power of expressing your gratitude to those who have helped you get where you are today. Showing people that we appreciate and respect everything they do for us, not only builds strong relationships but also helps us earn more and have greater successes.

Teaching our children about gratitude is one of the most important lessons we are responsible for as parents. The benefits of a child that develops a healthy attitude of gratitude are:

  • Increased happiness – by boosting the satisfaction and positive emotions your child feels throughout the experiences in their life.
  • Reduced anxiety – by building stronger relationships, your child will have close friends to rely on when things get tough and will have fewer feelings of helplessness.
  • Improved sleep – your child will feel more refreshed in the morning and will have consistently better sleep.
  • Increased health – less stress and anxiety, and more happiness to boost the immune system into full health

Gratitude and Financial Stress

It’s no secret that we all feel financially stressed at one time or another, and as your child takes on more financial responsibilities they will be no different. Teaching them to have gratitude in even the most stressed and resentful of times, equips them with resiliency and patience.
When we have trained ourselves to always be grateful for what we have, we encourage a deep-seated level of contentedness that helps us stay strong in good times and bad.

Tips to Maximize Gratitude

Gratitude isn’t something that we can accumulate overnight, in fact, it can be quite challenging to cultivate. Here’re our favorite five tips to build a long-term attitude of gratitude in your child.

Tip #1 – Keep a Gratitude Journal

Keeping a track of what you feel grateful for every day is a great way to build long-term gratitude. On days when you are feeling a little down, simply opening up your journal and reading about how great your life really is, can be very uplifting.
Daily entries are the best practice. Try listing five things you feel grateful for today, and then writing about your experiences. You don’t have to write a lot, in fact, shorter entries are usually more effective.

Tip #2 – Write a Letter

Taking the time out to personally thank someone for what they have done for you is a great experience, for both you and the receiver. Send a letter to your parent, teacher or best friend and tell them what you appreciate about them and how grateful you are.

Tip #3 – Choose Your Words Wisely

You are what you think and speak. Be very careful about what you say to yourself and to others. If you’re always telling yourself that you won’t make any money, or can’t get in front of the bills – then you’ll set yourself up for failure.

If you want to find out more about teaching your children to have an attitude of gratitude and money, then check out Fran Christie’s new book “101 Money Tips for Kids and Parents” here.

Treating Money with Respect

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…and how your relationship with you affects your money

Money plays a very integral part in our modern world, it’s true that you cannot do anything without interacting with money. Even a seemingly “free” trip to the beach involves a lot of transactions, whether you are aware of them or not.

Firstly, there’s the advertising that influences your chosen beach, the transport, lunch and the clothes you wear whilst there. Everything has a price tag associated with it. The important thing to keep in mind is that your relationship with yourself greatly influences your spending habits and earning potential.

What is Money?

Some people think money is just a currency, an exchange of value for one thing to get another. You exchange your time to earn a living, so you can buy food every day. But is that all money really is, an exchange of value between two people?

The straight answer is, no. You see, money is not just what it says it is worth on the bank note, it is worth much more than that. There are a whole lot of intangible things that come with money. The biggest of all of them is trust.

When someone exchanges money with you, the transaction is as much an exchange of trust as it is an exchange of value.
Money also represents a portion of time. We each spend part of our lives working to earn money, so the money that we make is a representation of time too.

Spending Habits

What we think about ourselves and those around us, has a huge influence on our spending habits. Teaching our children to respect money is a very powerful lesson to learn early in life. Children who respect money, develop responsible spending habits and save much more than people who don’t have the same respect.

Those who have little respect for money, value it lowly and spend it freely – often on silly items and worthless junk. Whereas, children who are taught to respect money will carefully weigh up their buying decisions before making a purchase.

Why Respect Your Money?

Every person or group of individuals who earn money are obligated to manage their money in such a way as to maximize the benefits they receive. If you are the primary beneficiary of your money and investments, then it is solely up to you to ensure your money is working hard for you.

No one else is going to make sure that you’ve got enough cash to put food on the table. So if you squander your money on useless things, then you’ll be left homeless and hungry.
Teaching our children at a young age to think about their retirement can pay huge dividends in later years when their small nest egg has grown exponentially.

Adopting a Respect for Money Attitude

To ensure your child learns to respect money and therefore manages their money well throughout their lives, here’re our top tips:

  • Set correct financial priorities
  • Create and track a budget
  • Put away for retirement
  • Create an investment strategy

If you want to find out more about teaching your children to treat money with respect, then check out Fran Christie’s new book “101 Money Tips for Kids and Parents” here.

How You Save the Small Money is How You Save the Big Money

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And Everything In Between

Trying to save money is not an easy task. Heck, there are so many things that we all need to pay for these days. The internet is open 24 hours every day of the year, and we can spend our cash faster than ever.

Sometimes it’s easy to find ourselves caught up in buying new shoes or electronics when our old ones are still working ok. Advertising and marketing are everywhere, on billboards, radios, television and even YouTube! We are constantly told to spend, spend spend!

How To Save Money Each Month

Saving money doesn’t have to be difficult, in fact, if you follow these simple tips you’ll be pleasantly surprised next month with a little extra in your bank account.

Tip #1 – Avoid Impulse Buys

Yes, we’ve all been guilty of it. We see something flashy on the TV and so pick up the phone to order our ‘free trial’. Then next thing we know we’re handing over or credit card details and buying a whole lot more than we intended.

If you’re prone to making impulse buys, then leave your credit card at home or hide it away for a rainy day. Studies have shown that buyers tend to spend twice as much at a vendor when they buy something using their credit card.

Another easy solution is to create a shopping list – and stick to it! That means only buying one item if you’ve only listed one on your list, ignore all those buy two get one three offers.

Tip #2 – Buy Groceries Monthly

The fewer trips you make to the store the better. Shopping malls are experts in increasing your spending money and getting you to buy even more than you had planned. So by going to the store less frequently you’ll be less likely to waste money on stuff you really don’t need.

Tip #3 – Price Matching

Almost every store will have a price matching policy. This means that you can save on extra trips to different stores by simply bringing in a catalog at your favorite store and having the manager price match their items to one of their competitors.

It’s good business for the manager because they still make the sale, and it’s good for you because you save on gas money and hassles.

Tip #4 – Avoid Eating Out

Eating out can be very expensive. If you bought lunch every day for a year you’d end up spending a little over $1,500. Bought lunches aren’t even that tasty! So take some time each day to prep your lunch for tomorrow and save a whole heap of cash.

Tip #5 – Buy Used Instead of New

New items come with a premium. You can end up paying almost double for a new item, compared to the same item that someone is reselling locally or online. For big ticket items, save hundreds by buying them second-hand.

Tip #6 – Pay Down High-Interest Debts

Yes, that means reducing your credit cards to zero. If you’re paying high interest on previous purchases then you’ve got a great big hole in your savings account. You’ll be far better off putting your savings into paying down expensive debt than keeping it in the bank.

If you want to find out more about teaching your children to save money as they get older, then check out Fran Christie’s debut book “101 Money Tips for Kids and Parents” here.