“Psychology students, professor attend conference in Cancun” plus 1 more |
Psychology students, professor attend conference in Cancun Posted: 30 Apr 2010 03:44 PM PDT Linfield students presented their work at the Northwest Psychological Association's regional conference in Cancun, Mexico. Five Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
Psychology: Children need to learn value of money Posted: 02 May 2010 04:22 AM PDT Teaching children about issues related to money includes topics such as value, saving, budgeting and philanthropy. Developing healthy attitudes about fiscal responsibility begins with the parents. Parents should set a good example by conserving resources and not being wasteful. For example, parents can foster an attitude of "smart spending" by encouraging children to turn off lights when not needed. Allowances can teach children the value of money and how to spend wisely. Parents can decide whether the allowance should be based on doing chores or simply given with no strings attached. Teaching children to differentiate between spending money on what they want versus what they need is important. Furthermore, insisting that a portion of all income should be saved is a good way to teach responsible saving. When old enough to understand the concept of compound interest, children should also be taught the basics of investing. Teaching children about operating on a cash basis — that is, to withhold spending until the required amount for a purchase has been saved — helps foster a sense of fiscal responsibility and delayed gratification. Often, young adults enter college or first jobs unaware of the pitfalls of credit cards and don't know how to earn and maintain good credit. Helping children live within a budget can ensure future financial security and help them feel more in control of their lives. Philanthropy also needs to be a key part of children's money-management training. Encourage children to help those less fortunate by giving some of their resources to the needy. Making financial awareness and responsibility important parts of your children's lifestyle can provide great rewards when they are older. Hap LeCrone, a Cox News Service columnist, is a clinical psychologist. Write him at 4555 Lake Shore Dr., Waco, TX 76710; or by e-mail. hlecrone@aol.com Five Filters featured article: The Art of Looking Prime Ministerial - The 2010 UK General Election. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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