Tuesday, 24 September 2013

[www.keralites.net] 7 ways to teach your child about money

 

The following points may be kept in mind while teaching your child about money

 
Start early
Children must be taught about money from an early age. For instance, you can give your little one a piggy bank to save some money. This will instill the idea of saving right from childhood. For little older kids, you can start a monthly/weekly allowance, which will help them learn how to handle money. It is also wise to hand in notes of different denominations (Rs 100, Rs 50, Rs 10) while giving them their pocket money. This will further encourage them to save. Also, easy to understand and light hearted discussions about the value of money and how it is earned are a good way to begin with. 

Rewards and Expenses
Set some monetary rewards for doing some basic chores (such as paying electricity and telephone bills etc.) in the house. This will help them to relate money with work. Also, encourage them to pay certain personal bills from their monthly allowance. For example, most teenagers use mobile phones. You must give them a budget for the usage and let them pay for their own expenses. This indirectly will limit their unnecessary expenses and create a sense of spending money sensibly. 

Shopping with your child
It is a good idea to take your little boy/girl out when you shop for grocery or other items required in our daily lives. Children learn from what they see. Hence you should first plan your spending before entering a mall or supermarket.
 The next step is to let the child observe the way you compare the quality, price, warranty etc. before buying a particular product or service. This will help them understand how you indulge in need based spending and avoid impulsive purchases.
As a parent, it is also important for you to not buy unnecessary and extravagant gifts for your children to meet their demands. This sets an impression that they only have to demand every time they want something.
It is more prudent to explain them the difference between 'needs', 'wants' and 'wishes', which will help them to make financial decisions in their future as well.

Banking Transactions
Exhibit to your children, the concept of earning interest on savings. For example, pay them little interest (rewarding them) on the money they have saved out of their monthly allowances.
Teach them to calculate the interest they have earned. This will enable them to understand the power of compounding. For grown up kids, who have already understood this concept through knowledge imparted in schools or colleges, lead them into opening a bank account for saving money.

 
This will help them save money systematically and also keep a track on their expenses. Use every day live examples to explain concepts to your kids.

 
For example, if you are out for dinner at a restaurant, explain your child how the tax is calculated on the bill amount and how a credit card works in bill payments. Allow them to go through your personal bank statements and credit card bills.

 
This shall educate them about the effect debt can have on your outflow of money and will also make them aware about the family's financial standing.

Setting Goals
Make your children write down their short term (such as buying video games, clothes, shoes) and long term goals (such as purchasing a bike or saving for college education).
This will help your child prioritize and realize his/her goals. Create awareness among them about the impact of inflation and help them calculate the approximate future value of these objectives.

 
Encourage them to start saving for each of these goals separately. You see, this will inculcate in them the habit of saving for their future and make them more responsible. In a way, you will be shaping their vision and creating an understanding for the need of a financial plan.

Let your child make mistakes
For some time, it is wise to let your children make mistakes while handling their share of money and take their own financial decisions without any interruption. This is because a lesson learnt from one's own mistakes is never forgotten.

 
For example, if your child spends too much on superfluous expenses, he will find himself incapable of purchasing something from which he could have fulfilled his short term goal (such as buying headphones or new clothing). This will force him to think before spending money impulsively in the future.

 
Having said that, you must also keep a track of his spending habits by asking casual questions or tracking his/her bank statements or asking for an account of the money spent by him / her. It will not be prudent to let your child make the same mistakes repeatedly.

Involve them in your financial decisions
You should involve your children while taking financial decisions for the family, especially the ones that will affect them. For example, when you are planning a family holiday, then how to budget and save for the same, or when you are creating a financial plan for investing your hard earned money for your child's higher education or for your retirement.

 
You see, children learn a great deal by observing. Discussions like these will create curiosity in their mind about money and drive them to think about investing it.

 
You can consider imparting all this knowledge through various games and books which teach kids how to handle money and related concepts in a simple and fun manner.
While several board games (such as Monopoly, The Game of Life, etc.) demonstrate the importance of saving and money skills; books teach kids vital facts about money and investing it through several illustrations and pictures.

 
As parents, you must also keep in mind that you are your child's biggest role models. They learn from what they see. If you have big debts, loans and unclear financial plans, your children are bound to perceive that as normal and make the same mistakes as you did.

 
Hence it is imperative that they see you saving and working towards your financial goals in a systematic manner. In other words, you must practice what you preach to your children.

 
It is of the view that ill-use of money can be detrimental to people of any generation. It is important to understand the value and power of money. Educating and motivating your children to use money efficiently will make them financially independent and help them avoid errors when they enter adulthood.

www.keralites.net

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[www.keralites.net] Aisha Chaudhary with a rare immune deficiency disorder still sm

 

Aisha Chaudhary: Singing in the life boat : Aisha is different you see,
she has a rare immune deficiency disorder and was not expected to even live to her first birthday.
Because of her disease, Aishas life has been full of difficult challenges.
However, Aisha has decided that instead of feeling overcome by her difficulties,
she wants her life to be as positive and fulfilling as it can be.
So Aisha, in her own words, dares to dream and then works
with courage and perseverance to make her dreams come true.
And in the process, she inspires others to do the same!


In this video, Aisha shares words of wisdom about life lessons her difficulties have taught her.

http://www.youtube.com/watch?v=pFExgTJzEV4



 

Please pass this on to your relatives and friends.

 
Ravi
www.keralites.net

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Re: [www.keralites.net] A new work culture in Kerala

 

You know the story of 1000 kgs of putrified meat brought from Karnataka and about to be sold to hoteliers, bakeries, etc. Somebody gave a hint to the health department and the room where this meat was stored was raided. But they went on talking and talking and no case was registered no arrests were made and the meat was not taken into custody to be destroyed. Health department said it is for the Food inspectorate to check the meat and the police were the on lookers. This news came in Manorama News and suddenly the person who brought the meat went and applied for anticipatory bail. It is more than 10 days old. The meat would have been consumed by the public in "mutton puffs, mutton samosas, mutton rolls etc. 



From: John Thomas <joal0791@yahoo.com>
To: Keralites@yahoogroups.com
Cc: "drtitusjohn@gmail.com" <drtitusjohn@gmail.com>
Sent: Sunday, 22 September 2013 2:40 PM
Subject: Re: [www.keralites.net] A new work culture in Kerala

 

Recently I met someone in Dubai who is farming very passionately in Trissur district. He is farming in 10 acres; paddy and vegetables. I asked him why couldn't he reach the market directly. He told me that he can do that for one time. Before he thinks about second time, middle men will approach him and explain him how bad that could be for his health and well being in a very polite way! 

Recently tones of snake gourd (padavalam) were destroyed by farmers, because middle men offered them Rs 2 per Kg. This was happened when this vegetable item was sold for Rs 20 or 30 in the market.


From: austin clement <ktaclement@yahoo.com>
To: Keralites@yahoogroups.com
Cc: "drtitusjohn@gmail.com" <drtitusjohn@gmail.com>
Sent: Thursday, September 19, 2013 8:35 AM
Subject: Re: [www.keralites.net] A new work culture in Kerala



Middle men make 10 to 20 times the gains while actual farmer ( producer) investing hard work and money taking all the risks gets a pittance.
Further, the middle men control the market prices.
 The Co- op Societies have to play a more important role to give the farmer his due share and the common man gets the commodity at a lower price. Such objectives of the Co-operatives are quite often forgotten, when politicians are placed to head/ control such Co-ops.

Co-ops should be managed by the farmers /producers themselves, with professional assistance from outside for mechanization, processing, storage,value addition, marketing etc.Punjab is an example in this ,for the same reason It has the well-to-do farmers. More than 40 years back all the punjabi farmers were using tractors and tillers in their fields.Look at Kerala even today most farmers are unable to use these due to perverted political ideologies. Change in Kerala came only too late,when Agriculture virtually stopped, mainly due to high labor costs in spite of good weather and water.



From: John Thomas <joal0791@yahoo.com>
To: Keralites@yahoogroups.com
Cc: "drtitusjohn@gmail.com" <drtitusjohn@gmail.com>
Sent: Wednesday, 18 September 2013 3:25 PM
Subject: Re: [www.keralites.net] A new work culture in Kerala

 
Dear,

There is no surprise in this. For the last so many years, farmers in this country are suffering from this. Tomato which is bought @ Rs 2 from the farmers are being sold @ Rs 20 or 30 in the market. The Rs 2 paid to the farmer is again not from their pocket but from the advance paid by their clients.


From: Shafeeq
To: Keralites@yahoogroups.com
Cc: drtitusjohn@gmail.com
Sent: Tuesday, September 17, 2013 7:55 PM
Subject: [www.keralites.net] A new work culture in Kerala



DR. TITUS JOHN
A friend of mine, who is a doctor in Thiruvananthapuram, called me the other day to tell this story. He recently built a house in one of the city suburbs. One day, a man who lives nearby, came and asked him why he still had no curtains on the windows.
Doctor, he said, this is a beautiful, new house. But where are the curtains? You need curtains.
Curtains, he said, would look nice on this new building. My friend told the man that he would call him after some time. The man gave my friend his address and left. A month later, my friend decided to put curtains and went in search of this man. But when he enquired in the locality, he was told that there was none who stitched curtains.
After a couple of days, the man again appeared before my friend. Doctor, it seems you came searching for me. My friend told him that he was indeed there but could not locate him. To this, the man replied, True doctor, it is me and my brother who are doing this. I will bring him soon.
And off he went. But a few days later, both were back. When the doctor gave the specifications for the curtains, they said they would return. They were true to their word but they brought with them an emaciated man. This man took the measurements and the curtains were ready in a week.
But what were the first two doing? Of course, we all know what they were doing. They did nothing. But they made money out of the poor tailors labour and sweat. And this is the latest and rapidly spreading work culture in every field of activity in Kerala.
Who on earth said you cannot catch fish without wetting your hands?
(The writers email: drtitusjohn@gmail.com)

www.keralites.net












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Re: [www.keralites.net] A new work culture in Kerala

 

Dear John,

You are 100% right, our Market is not ruled by the Government it is  ruled by or will rule by the middle Man only.

Better thing is produce the vegetables  as per our requirement in home to minimize the buying from the market.

In Tamil Nadu or Karnataka , all vegetables are available at the range of 05-15/KG maximum and the same will reach to Kerala, the cost will increase to 35 to 45 even 60-70 also.

In this case our Government is a big 0 and they done nothing to eliminate the same so far..


Regards,

Madhav




On Sun, Sep 22, 2013 at 1:10 PM, John Thomas <joal0791@yahoo.com> wrote:
 


Recently I met someone in Dubai who is farming very passionately in Trissur district. He is farming in 10 acres; paddy and vegetables. I asked him why couldn't he reach the market directly. He told me that he can do that for one time. Before he thinks about second time, middle men will approach him and explain him how bad that could be for his health and well being in a very polite way! 

Recently tones of snake gourd (padavalam) were destroyed by farmers, because middle men offered them Rs 2 per Kg. This was happened when this vegetable item was sold for Rs 20 or 30 in the market.


From: austin clement <ktaclement@yahoo.com>Sent: Thursday, September 19, 2013 8:35 AM

Subject: Re: [www.keralites.net] A new work culture in Kerala



Middle men make 10 to 20 times the gains while actual farmer ( producer) investing hard work and money taking all the risks gets a pittance.
Further, the middle men control the market prices.
 The Co- op Societies have to play a more important role to give the farmer his due share and the common man gets the commodity at a lower price. Such objectives of the Co-operatives are quite often forgotten, when politicians are placed to head/ control such Co-ops.

Co-ops should be managed by the farmers /producers themselves, with professional assistance from outside for mechanization, processing, storage,value addition, marketing etc.Punjab is an example in this ,for the same reason It has the well-to-do farmers. More than 40 years back all the punjabi farmers were using tractors and tillers in their fields.Look at Kerala even today most farmers are unable to use these due to perverted political ideologies. Change in Kerala came only too late,when Agriculture virtually stopped, mainly due to high labor costs in spite of good weather and water.



From: John Thomas <joal0791@yahoo.com>
To: Keralites@yahoogroups.com
Cc: "drtitusjohn@gmail.com" <drtitusjohn@gmail.com>
Sent: Wednesday, 18 September 2013 3:25 PM
Subject: Re: [www.keralites.net] A new work culture in Kerala

 
Dear,

There is no surprise in this. For the last so many years, farmers in this country are suffering from this. Tomato which is bought @ Rs 2 from the farmers are being sold @ Rs 20 or 30 in the market. The Rs 2 paid to the farmer is again not from their pocket but from the advance paid by their clients.


From: Shafeeq
To: Keralites@yahoogroups.com
Cc: drtitusjohn@gmail.com
Sent: Tuesday, September 17, 2013 7:55 PM
Subject: [www.keralites.net] A new work culture in Kerala



DR. TITUS JOHN
A friend of mine, who is a doctor in Thiruvananthapuram, called me the other day to tell this story. He recently built a house in one of the city suburbs. One day, a man who lives nearby, came and asked him why he still had no curtains on the windows.
Doctor, he said, this is a beautiful, new house. But where are the curtains? You need curtains.
Curtains, he said, would look nice on this new building. My friend told the man that he would call him after some time. The man gave my friend his address and left. A month later, my friend decided to put curtains and went in search of this man. But when he enquired in the locality, he was told that there was none who stitched curtains.
After a couple of days, the man again appeared before my friend. Doctor, it seems you came searching for me. My friend told him that he was indeed there but could not locate him. To this, the man replied, True doctor, it is me and my brother who are doing this. I will bring him soon.
And off he went. But a few days later, both were back. When the doctor gave the specifications for the curtains, they said they would return. They were true to their word but they brought with them an emaciated man. This man took the measurements and the curtains were ready in a week.
But what were the first two doing? Of course, we all know what they were doing. They did nothing. But they made money out of the poor tailors labour and sweat. And this is the latest and rapidly spreading work culture in every field of activity in Kerala.
Who on earth said you cannot catch fish without wetting your hands?
(The writers email: drtitusjohn@gmail.com)

www.keralites.net











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ഭര്‍ത്താവിനെ കൊല്ലാന്‍ ഭാര്യ തീയിട്ടു; തീയിലകപ്പെട്ട ഭാര്യയെ രക്ഷിച്ചതാകട്ടെ ഭര്‍ത്താവും ...
 
ഭര്‍ത്താവിനെ കൊല്ലാന്‍ ഭാര്യ തീയിട്ടു; ഒടുവില്‍ തീയിലകപ്പെട്ട ഭാര്യയെ രക്ഷിച്ചതാകട്ടെ ഭര്‍ത്താവ്....കൊടുത്താല്‍ കൊല്ലത്തും കിട്ടും എന്ന പഴഞ്ചൊല്ല് അനര്‍ത്ഥമാക്കുന്ന രീതിയിലുള്ള സംഭവമാണിവിടെ റിപ്പോര്‍ട്ട് ചെയ്യുന്നത്. ഭര്‍ത്താവുമായി വഴക്കിട്ടതിനാണ് വീടിന് 48കാരി തീവെച്ചത്. ഭര്‍ത്താവ് ഓഫീസ്മുറിയില്‍ കിടന്നുറങ്ങുന്നതാണ് വഴക്കിന് കാരണമായതും വീടിന് തീയിടാന്‍ 48കാരിയായ നിഷിനോയെ പ്രേരിപ്പിച്ചതും. പടിഞ്ഞാറന്‍ ജപ്പാനിലാണ് സംഭവം. പേപ്പര്‍ കഷ്ണങ്ങള്‍ എടുത്ത് ഓഫീസ മുറിയേയും വീടിനേയും വേര്‍തിരിക്കുന്ന ഭാഗത്തുള്ള ദ്വാരങ്ങളില്‍ കുത്തിതിരുകിയാണ് ഇവര്‍ തീയിട്ടത്. തുടര്‍ന്ന് ഇവര്‍ ഉറങ്ങാന്‍ പോയത്രേ..എന്നാല്‍ പേപ്പറില്‍ നിന്നും വീട്ടിലേക്ക് തീ പടരുകയായിരുന്നു. പുകയടിച്ച് ഉറക്കമുണര്‍ന്ന ഭര്‍ത്താവ് ഭാര്യ വീടിനകത്ത് കുടുങ്ങിയിരിക്കുകയാണെന്ന് മനസ്സിലാക്കി ഉടന്‍ തന്നെ രക്ഷിക്കുകയായിരുന്നു. ഭാര്യയെ രക്ഷിക്കുന്നതിനിടയില്‍ ഇയാള്‍ക്ക് സാരമായി പൊള്ളലേറ്റിട്ടുണ്ട്. രണ്ടുപേരേയും ഉടന്‍ ആസുപത്രിയില്‍ പ്രവേശിപ്പിച്ചു. സംഭവത്തെ തുടര്‍ന്ന് നിഷ്്‌നോയ്‌ക്കെതിരെ കൊലപാതകക്കുറ്റത്തിന് പോലീസ് കേസ്സ് ചാര്‍ജ്ജ് ചെയ്തു. ഭര്‍ത്താവിനെ ഒന്നു പേടിപ്പിക്കാന്‍ മാത്രമേ താന്‍ ഉദ്ദേശിച്ചിട്ടുള്ളുവെന്ന് യുവതി പോലീസിനെ അറിയിച്ചു.
Prince

www.keralites.net

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