Tips for beating the January blues

It feels like we are well into the new year by now, and often that can mean that we are starting to slow down after that new year rise in motivation and inspiration. January does present that golden opportunity of a fresh start. A chance to implement changes to a routine with children, start something new with the family, or your personal self-care and development. However, you may be feeling like you have come crashing back down to earth with a big thud. I wanted to help you take that important reality check and get back on track without letting the January blues bring you down. I hope it inspires you to get back on with whatever you are hoping to achieve, now and for the rest of the year.

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Financial pressure

One of the biggest issues all families can face at the time of year is a bit of financial worry and strain. The festive season was good fun, but sometimes the overspending can begin to haunt us at this time of the month and we can often feel overwhelmed with the bills. However, taking control of your financial situation can actually put you in a better position than you began the year in. Looking into things like repair.credit’s home page to look at options for debt. It could be to set up a saving plan so that you don’t’ have to worry about the family vacation. Or even looking at reducing your outgoings to give you some more disposable income to enjoy family days out. The main point is to not be fearful of it and to take control and get things back on track. It might suddenly feel like a weight has been lifted.

Struggling to get back into a family routine

Sometimes January can present problems for the family with the struggle of getting back into a family routine. It might be going back to school, the hustle and bustle of after-school clubs, appointments, running the house and keeping it clean. However, a routine can be great for the family, and often this time of the year is the ideal time to try new things.

Feeling a little down

You might find yourself feeling a little down and blue at this time of the year. The weather doesn’t help, the strain on the finances can be a stress and a worry. So there isn’t a surprise that you can still to feel the strain personally. There are many websites out there that have some great ideas to help you lift your spirits. Take some time for a bit of self-care and remember some of the resolutions you made for yourself. Eating better, maybe. Getting fitter perhaps. This time of year is for you as well as your family.

Too much pressure with new year’s resolutions

Finally, have you put too much pressure on yourself with your resolutions and your goals for the year ahead? Too often we can be guilty of all the grand plans and the reality is that things don’t often change overnight. Instead, relook at the things you wanted to do and make smaller more actionable targets to help you reach the end goal. It will help you stay motivated and feel inspired once more.

I hope that these tips and tricks help you avoid the January blues this month.

 

Important things to teach your children about finances before they grow up

Important things to teach your children about finances before they grow up

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As a parent, one of the best things you can ever possibly do for your kids, apart from loving them and providing for them while they’re young, is to give them a solid grounding in managing money and achieving financial stability.

Knowing how to manage money wisely is a skill that could help us all to avoid a lot of difficult situations throughout our lives, so it seems strange that so few of us take the time to sit out kids down and tell them about budgeting, the pros and cons of credit and how to manage one’s finances so that one is never short of money.

If you want your kids to grow into responsible adults who don’t struggle with money worries more than they really have to, here are some simple things you should aim to teach them about money before they grow up and leave home:

No One Owes You Anything

One of the most important lessons anyone, let alone children, can learn about money is that no one owes you anything. A lot of children right now are growing up in environments where their every whim is catered to, and they always get what they want. These kids are going to have a rude awakening when they grow up and realize that they have to make it on their own. That’s why you should, right now, start drumming into them the fact that, if you want something, you have to be willing to work for it. You can do this by giving them an allowance only after they’ve completed certain chores and doing so will stand them in good stead for the future.

Debt Should be a Last Resort

With the exceptions of things like mortgages and student loans, which actually enhance life for most of us, and make us better able to reach financial stability, debts are something that should be used as a last resort only when absolutely essential. If you do take out an online loan, buy something with your credit card or borrow money from someone, then you will have to spend many months and years paying back not only your debt, but also the interest it accrues, which is why you should build up an emergency fund to cover any unexpected expenses. Sources of credit are always available should they really be needed, but it is never something that should be relied upon over and above good personal financial practices.

Everyone Should Have an Emergency Fund

When you’re young, you feel like nothing bad is ever going to happen to you and you tend to live in the moment. This isn’t a bad way to live, and I’m sure we’d all be happier for our kids to think in this way than for them to worry endlessly about the future, but when it comes to money, things are a bit different.

If you want to do your kids a really big favor for the future, start talking to them about the importance of putting a little money away each month into an emergency fund, which will cushion them should a financial storm hit which requires them to find a significant sum of money fast.

Money Can’t Buy You Happiness

Having enough money to pay the bills, put food on the table, and yes have a few of the finer things in life is what most of us strive for and to the extent that it keeps the wolves from the door and stops us from struggling it can buy us some happiness, but if you use money and buying lots of unnecessary stuff like designer clothes, flashy cars and overly expensive vacations in a bid to beat the blues and boost your mood, it is almost certain to fail. If you’re unhappy or depressed, you’ll still feel just as blue wearing a Prada dress as you will find a simple outfit and you might have the added worry of being short of funds, or even worse in debt. This is something that kids need to understand as soon as possible if they are to avoid going a little crazy in the spending stakes when they start earning their own money.

Live Simply

Life can seem pretty complicated at times, and we are all constantly bombarded with goods and services that promise to make our lives a little easier, but you know what? Nothing Makes live easier than living simply, buying only what you need and what you can afford, with the occasional(affordable) indulgence thrown in. If you live simply, you never have to worry about being over your head in debt, keeping up with the Joneses or trying to earn ever larger sums of money – you can just kick back and enjoy life.

Take Care of Your Credit

Kids need to learn that there can be lifelong repercussions to going crazy with credit cards or living on debt. They need to know that if you ruin your credit score by the time you’re 21, it could take a decade or more before it recovers and that means that you might not be able to get a home loan, car loan or even certain jobs, particularly those in the financial sector because of it. If you need to use credit, then you must be confident you can pay it back and make every effort to do so if you don’t want to mess up all areas of your life for years to come.

You Shouldn’t Judge People on Their Wealth

Judging people by how much money they make or how little they have in the bank is something that only shallow people do, and it is much more important to judge people on their character, which actually matters, than whether they have the latest car or the most expensive clothing. Teaching your kids this could help them to avoid the well-worn path of getting into more and more debt to keep up appearances and outdo their peers.

A Big Salary Isn’t Everything

Although earning a good living is something we should all strive for, a good living doesn’t necessarily mean the biggest salary you can get, and actually, it can often be worth taking a lower paying job that you love if it means you’ll get out of bed happy every day, enjoy your work and get to spend more time with your family.

Saving for the Future is Something You Should Do Now

If your kids start saving towards their future as soon as they have access to their own money, life will be easier, they won’t have to work quite so hard in the future, and they won’t have to worry about their financial future at least. So, teach them the value of saving as soon as you can!

Teach your kids these simple truths about money and chances are they’ll grow into bright, confident, money savvy adults – what more could you want?

 

 

Planning for your family’s future, without compromising the present

Planning for your family’s future, without compromising the present

Life is, hopefully, all good and well. Everyone will be happy and healthy; you’ll be doing plenty of fun things now, and have a good few months to look forward to. While this is, of course, excellent – indeed, what life is for – it’s important to keep more than one eye on the future. If you’re not thinking about the next ten years or beyond, then you might one day find that it’s too late: instead of only enjoying the present, you should have been making plans. Below, we take a look at how you can plan for your family’s future without compromising your current happiness levels.

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Have a Dream

One of the best ways you can plan for your family’s future is simply by thinking about. Have a dream, something you want to work towards over the next ten years. It might be to move into a bigger home, send your kids to college, or buy them a car when they’re old enough to drive. What it is isn’t too important, and can indeed even change; but in the meantime, it’ll work as an anchor that’ll allow you focus your attention on tomorrow.

Get The Finances Under Control

Though it can be frustrating, there’s no denying that our family’s fortunes are heavily related to our finances. As such, it’s important that we have a look at the state of our financial health, and make adjustments if things aren’t looking quite as rosy as you’d like. Take a look at all your incomings and outgoings, and make sure it’s sustainable. You should also check your credit score, as it’ll have a significant impact on your ability to get loans, mortgages, and other financial matters. If it’s not a good score, use a company like creditrepairreview.co to find a company that’ll be able to help improve it. Knowing your current financial position will enable you to plan for the bigger things in life, as well as understand when you’ll be able to make them a reality.   

Budget for the Good Times

Of course, it’s all good and well creating a savings pot for the big things, like a house, college, and the like, but you should also be putting some money aside for the fun aspects of life. There are few things more enjoyable than taking a family trip to a destination that you’ve always wanted to visit. Creating a separate pot of cash that’s reserved only for fun activities will mean you can always have fun summers and extravagant Christmases. These might seem like small things, but they’re the things your children will remember when they’re older.

Worst Case Scenario

Nothing bad is going to happen, but it’s good to know that your family would be taken care of if you fell ill and were unable to work. If you have insurance and all your financial documents in order, then you know there’ll be safe and provided for even if something happened to you.

With a bit of thought and planning, you can make sure your family has as good a future as it does a present.