Marriage & Family Archives | Page 65 of 79

How To Decorate Your Home On A Tight Budget

Minor decorating projects can freshen up your nest without breaking the bank. Try one or two of these Do-It-Yourself ideas for an instant upgrade!

AN EYE-CATCHING NAPKIN

Are you tired of your dull satin napkins? Well, you can liven up your dining table by adding ombre linens. Ombre is a display of similar tones. Start by gathering your plain white linens and by soaking them in water. Brush the fabric paint from the bottom. Put water as you move up the linen. Do you notice how the tones gradually transition from light to dark?

Complete the faded look by drying and ironing each one. These napkins can double as place-mats too!

A PLUSHY PILLOW FIGHT

If you are down for a plushy pillow party, please read along. Instead of rounding up your store-bought throw pillows, you can customize on your own. Prepare sewing pins, scissors, fabrics, ironing cloth, buttons, and hem tape. You can purchase hem tape at your nearest Spotlight store. The instant hem tape will cost you about S$8.

Follow this Mr. Kate YouTube tutorial to create a cozy pillow without the ability to sew.

A ONE OF A KIND “LAMP”

Add sophistication to your romantic dinner with a quick lighting trick. Simply pop a LED tealight inside a wine glass and cover it with a paper shade. Battery-operated light is a safer alternative, which does not have the risk of stimulating a fire. The 8-piece STÖPEN tealight from IKEA costs S$12.90.

Print and cut along this template on a piece of 8.5″ by 11″ paper. I recommend that you use a scrapbook paper as it is vibrant and sturdy.

AN ARTISTIC CHEST

Locate your old wooden cabinet such as the RAST from IKEA (S$59). The RAST acts as a blank canvas due to its untouched pine wood exterior. You can spruce things up in two ways – going bold or going classy. Achieve the first route by painting everything with high-gloss orange hues.

Image Credits: pixabay.com

Lastly, you can tone things down by painting the chest white. Add gold pulls for a fancy touch. This design goes well with any bedroom.

Source: GH

Top Children’s Financial Books Under S$30

These four books feature the topic of money without making your child feel overwhelmed. The important lessons come subtly as they are sprinkled with sensible humor, lovable characters, and colorful adventures.

A CHAIR FOR MY MOTHER

Buy it at Kinokuniya for S$14.37.

Recipient of Caldecott Honor, “A Chair For My Mother” is an inspiring tale written by Vera Williams. The story revolves around a family who lost everything due to a horrible fire incident. Rosa and her family worked hard to purchase a comfortable chair that will serve as the only furniture in their home. The book highlights the challenges of people who have minimum wage jobs. It is suited for kids ages 4 to 8.

THE LEMONADE WAR

Buy it at Kinokuniya for S$13.31.

Are you nurturing young saleswoman and salesman in your backyard? Consider grabbing the “The Lemonade War” by Jacqueline Davies. Siblings Evan and Jesse compete in a lemonade war to earn the first one hundred dollars. Prepare yourself as their competition will reach amusing heights!

The book conveys the basics of money management and business planning in the context of an entertaining story. It aims to hit the hearts of children ages 8 to 12.

FANCY NANCY AND THE FABULOUS FASHION BOUTIQUE

Buy it at Kinokuniya for S$29.98.

For your beloved princess who loves to dress up, the “Fancy Nancy and the Fabulous Fashion Boutique” is the perfect read. Nancy is a delightful girl who enjoys transforming the most ordinary events into glamorous occasions. She sets up a fashion boutique to make money to sustain her wants. At her boutique, you will find accessories, rhinestones, clothes, and so much more. The items she was selling came in handy when her sister’s party went amiss. This book echoes best to kids as young as 4.

WHERE THE MOUNTAIN MEETS THE MOON

Grace Lin’s “Where the Mountain Meets the Moon” mashes Chinese folklore with the classic elements of The Wizard of Oz. She has written a wonderful story of friendship and fantasy. It starts with a girl named Minli who lived in a ramshackle hut with her parents. Minli seeks to change her family’s fortune.

Image Credits: pixabay.com

Inspired by her mother’s old folktales, Minli spends her copper pennies on a magical goldfish. The goldfish is believed to bring good luck. As you may have imagined…the bargain paid off!

Sources: 1 & 2

Useful Tips On Raising Financially Savvy Kids

According to Investopedia, financial literacy is the “ability to use knowledge and skills to make effective and informed money management decisions”. It is an area that is often skipped in the formative educational system. As parents, it is your job to fill in the gaps.

Educating your kids to make wise money decisions earlier on will affect their finances in the long run. Consider taking these financial steps:

CONVEY THE VALUE OF MONEY

Encourage your children to absorb the value of money by using tangible examples. For instance, you may employ counting games for toddlers. Grab a pack of M&M’S and have your kids sort each one by color. Let them count how many pieces are available per color.

Once they can discriminate, introduce them to the different denominations of Singaporean money. The difficulty level of your lessons shall increase with their ages. Older children learn best with realistic examples such as an educational trip to the nearby grocery.

Take a conscious effort in providing them information about money. And, be ready to answer their countless questions. Children are innately curious after all!

SET THE RULES ON ALLOWANCE

The idea of giving an allowance is something that many Asian parents embrace wholeheartedly. While it can be a controversial subject, some experts believe that children can learn how to handle their own money by having allowance. Begin by making weekly allotments and cutting it short to bi-weekly allotments for preteens. Limiting the allotments will help your child to continually be challenged. They must think of ways to make their allowance last longer.

The next step is creating a budget with your preteens and teens. Sit down with your older children and enumerate their streams of incomes and expenses. Highlight the importance of distinguishing between the needs and the wants.

OPEN A CHILDREN’S SAVINGS ACCOUNT

What better way to teach your kid about the value of savings than by opening his or her very first account? Children nowadays were blessed with technology. This means that they can simply review their account balances and transactions online. Watching their account decline over time can instill wiser spending choices. While, watching the account grow can motivate them to save more.

Dwell on are the essence of withdrawals and deposits as well as the safety procedures of online banking. There are several local children’s savings account such as ePOSBkids Account and OCBC Mighty Savers Programme. Both do not require a minimum deposit.

Image Credits: pixabay.com

Sources: 1 & 2

Setting Financial Boundaries With Dependent Relatives

It is alright to help your relative out of a one-time financial jam. However, if this person relies on you on a regular basis, his or her actions are indicative of financial abuse. Stand your ground by setting clear boundaries.

ACCEPT YOUR EMOTIONS

Honesty plays a crucial part in establishing financial boundaries. Begin by identifying the family members who frequently ask you for money. Examine how you really feel about their requests. There are several emotions that you can experience such as frustration and guilt. These emotions can overshadow your judgment of the situation.

Image Credits: pixabay.com

Regardless of what happened in the past, it is time to make a stand for the future of your finances. Do so by addressing your own negative and positive emotions first.

CONVEY YOUR FINANCIAL PHILOSOPHY

When understanding your financial philosophy, include your personality and lifestyle. Communicate this said philosophy when the dependent relative borrows money. Are you a person who values helping others in ways that do not involve money? As long as you bring your relatives back on their feet, I respect your decision.

Discussing your monetary views is uncomfortable. But, it is something that you must work on. You may take the subtle route by saying: “I wish I could help, but my finances are not allowing me to do that at the moment.” To take the direct route, say: “No! I do not believe in wasting my hard-earned money on that.”

LEARN TO BE A FAIR NEGOTIATOR

Let me send a wake-up call to you! Avoid feeling pressured to signing a contract or loaning cash just because the other party is your relative. Whether there are two or more people involved in the decision, negotiating is important if all the parties are to succeed.

Highlight what you are willing and not willing to do with your finances. While these people may have good intentions, you need to be fair to yourself and your finances.

PUT EVERYTHING IN WRITING

Cultivate a habit of having your financial agreements in writing. Protect yourself against legal issues by getting your deals, offers, and other financial agreements in writing. People who respect you and your financial boundaries will not have a problem with this.

Image Credits: pixabay.com

When family members are involved, money is usually tangled with issues. It is up to you to deal with these issues by setting clear boundaries. Feel free to share the positive and negative ways that money has been used in your family.

Sources: 1 & 2

4 Financial Tips For Stay-At-Home Parents

Quitting your job to run the household is a significant decision that you and your spouse must mutually agree on. The two of you need to make considerable changes in your lifestyle. On the financial aspect, here are some things that you may dwell upon:

#1: SHY AWAY FROM THE TERM “ALLOWANCE”

Take a trip down memory lane to visualize your primary school years. Was it carefree or stressful? One thing is for sure! Most students depend on their parents to sustain their financial needs. An allowance is given to regularly meet a student’s daily expenses. Calling it allowance highlights that the parents are in control of the child’s financial situation. The mere definition of the word signifies an amount that is permitted for a specific purpose.

If a parent is working and the other is a homemaker then, try shying away from the term “allowance”. As I said, it exudes a sense of authority over the dependent party. You do not want that! As much as possible, you need to cultivate maturity and respect in your relationship. Opt for friendlier terms such as personal budget or entertainment fund.

#2: CREATE A COOPERATIVE BUDGET

It is unfair to strictly control the budget of your spouse and the entire family just because you are the breadwinner. It is important to recognize that running the household is as important as bearing the salary. Staying at home to take care of your children saves cash that might otherwise be spent on child care. This contribution is often overlooked by the society. Turn the tables around by allocating money for the you and your spouse’s personal needs.

Decide on an equal percentage of the breadwinner’s income. This equal percentage will go to the anticipated expenses such as clothes, grooming, and gifts.

Image Credits: pixabay.com

As Manisha Thakor, the author of Get Financially Naked: How to Talk Money With Your Honey, once said: “When both feel they have the daily freedom to treat themselves…household well-being prospers.”

#3: CONSIDER DIVING INTO INVESTMENTS

You put your cubicle job aside to fully commit on raising your children. This comes with lots of changes including the division of your time. With your newfound hours to spare, educate yourself on efficient ways to grow your savings.

Consider diving into the world of passive income. Investing your money on passive income allows you to reap profit while you sleep. Passive income includes dividend stocks, bonds, and index funds. It is crucial to read about the different types of investments to suit your preferences. For instance, people who can only tolerate low risks may invest their Ang Bao money on the Singapore Government Securities (i.e.,local bonds).

Related Article: How To Start Investing In Singapore

#4: BECOME AN ENTREPRENEUR

With our access to modern technology and other tools, you can accomplish the tasks of a stay-at-home parent and an entrepreneur. Earn extra money by creating an online business. You do not have to break the bank to set up your own online shop. Free websites such as Carousell and Tictail enables you to showcase your products. Furthermore, these platforms have a growing following of audience or customers already.

Image Credits: pixabay.com

Do you love to make cupcakes, jewelry, or essence oils? Turn your hobby into your own business. The possibilities are endless.

Sources: 1 & 2

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