Mum Money Hacks 101: Creating An Allowance System For Your Kids

tips and tricks, money matters, money talks, parenting tips, budget and saving tips, budget saving tips for families
Jordan Rowland

The new school year is in full swing, and if you’re like most Pinoy mums, you probably just finished getting all of your kids’ school supplies, uniforms, and have finally chosen the best tuition fee payment plan to fit your budget. But one thing that you may have to sort out is your child’s allowance.

Indeed, one of the questions that come up these days in parents’ minds is how much baon should you give your kids. If they’ve started asking for some money to spend at the school canteen, here’s what you need to know to create an effective allowance system for your children.

When to start giving baon

Last year, your child may have been content bringing some snacks and a packed lunch to school. But if he or she suddenly asks for an allowance this time around, it may be because your child has seen a classmate paying for food at the canteen. At around the age of 6, kids become more aware of the concept of money and purchasing. It’s essential that they have a good grasp of the basics so when they grow up, they can make good choices when making important financial decisions, such as dealing with credit card debt. Thus, starting them early with an allowance would be good practice for the future.

How will you know if your child is ready to receive an allowance?

If your child can do simple addition and subtraction or mental math, you can give enough money to buy a snack or a sandwich for recess. Check out the school canteen to know the types of food and the corresponding prices, which will help you determine how much baon to give your child.

Continue Reading

Mum Lists: 5 Things I Wish I Had Known Before Becoming A Parent

mum lists, parenting 101, tips and tricks, children, parenting tips, motherhood, babies
Julie Johnson

Having a child is a joy and a completely fulfilling endeavor, but that’s not to say that there aren’t moments, or even entire days, when you wonder if you made the right choice. People will tell you that you shouldn’t have kids until you’re sure you’re ready, but the truth is ~ you’ll never be completely ready. However, knowing what to expect can help, so here are some top things you should know before you decide to become a parent.

The First Few Months are Pure Torture

You are going to love your little one with a fierceness you never expected, but the truth is that life with a newborn is not easy. In fact, it might be the hardest thing you’ll ever do. In addition to keeping this tiny human alive, you’ll also have to learn what each of his cries mean, how to swaddle, how to change a diaper, how to leave the house without forgetting anything important and how to balance your marriage and work life with being a new parent.

Continue Reading

Parenting 101: Helping A Child Cope With Grief

parenting 101, children, tips and tricks, children issues, parenting tips
Joseph Gonzalez

Losing a parent or sibling is considered one of the 10 most stressful life events on the Holmes Rahe scale. Children who lose a loved one can
experience a wide range of emotions including sadness, anger and denial. Some experience ‘survivor guilt’, which can occur when a sibling is lost to an illness. It is important for family members who remain to work hard to ensure that children are protected against depression, anxiety, and other mental conditions in the long term, by employing positive parenting strategies, creating a safe environment in which to mourn, and helping them build key cognitive and behavioral skills ~ if necessary, with the help of a skilled therapist.

How does Positive Parenting Work?

According to a study published in the journal Professional Psychology, “Positive parenting by the surviving parent is the single most consistently supported malleable mediator of the adjustment of parentally bereaved children.” Of course, this also applies when the person lost to the family is another child. Positive parenting involves open communication {in which children are free to express how they feel, even when their emotions are negative, as well as to ask questions}; a balancing kindness and discipline; and spending time with children to help them find meaning or at least feel a sense of regeneration following their loss.Parents who are at a loss with respect to finding the right balance between acceptance and setting healthy routines and limits, should seek the help of a therapist, who can help in this area, as well as with cognitive-behavioral therapy {CBT} techniques.

Continue Reading