tag:blogger.com,1999:blog-7210451620352053440.post2569769704661484476..comments2023-08-18T20:49:30.770+10:00Comments on A Birds Eye View: 10 Tricks to Getting Your Kids Learn About Saving Money from Their AllowancesApril @ Composed by Aprilhttp://www.blogger.com/profile/17403585622248576430noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7210451620352053440.post-26964685675824351012012-05-09T08:56:11.819+10:002012-05-09T08:56:11.819+10:00That's a brilliant plan April!
Whenever I'...That's a brilliant plan April!<br />Whenever I've applied for a loan, I've always done my own sums to make sure I'm comfortable with the repayments, no matter how much a lender was prepared to hand over. Although one time, I was knocked back on a loan (very small by todays standards) because the lender said I was getting into too much debt, even though my repayments were going to be far less than the monthly rent I was paying.<br /><br />I went somewhere else and they were very happy to take me on, so I changed my other loan over to them.Melbourne Girlhttps://www.blogger.com/profile/00512877501524848674noreply@blogger.comtag:blogger.com,1999:blog-7210451620352053440.post-50244995699540328902012-05-08T20:16:39.690+10:002012-05-08T20:16:39.690+10:00LMM, my parents never really taught me to get thro...LMM, my parents never really taught me to get through temptation either. It is only in the last few years I have been able to resist certain things, but I still have a long way to go.<br /><br />Lesley, good advice. We recently applied for a mortgage and were told we could borrow quite a princely sum, a sum that would buy us a very lavish home, but would mean we would feel every interest rate rise. Instead we opted for a more manageable sum for a lesser home, but it means that if we put extra money towards the loan we could be mortgage free in half the loan time. That sounds like a good plan to me :DApril @ Composed by Aprilhttps://www.blogger.com/profile/17403585622248576430noreply@blogger.comtag:blogger.com,1999:blog-7210451620352053440.post-20234063124423464632012-05-08T09:14:25.157+10:002012-05-08T09:14:25.157+10:00April while all of these tips are good, I think th...April while all of these tips are good, I think the best one of all is "set an example" if you don't do that then all of the others may just fall by the wayside.<br /><br />I think the trick is for kids to know and appreciate where money comes from (usually hard work) and to realise its value. <br /><br />It's probably the most important lessons you can teach your children<br /><br />Lesley<br />xxMelbourne Girlhttps://www.blogger.com/profile/00512877501524848674noreply@blogger.comtag:blogger.com,1999:blog-7210451620352053440.post-768129109274265992012-05-08T08:11:48.064+10:002012-05-08T08:11:48.064+10:00Hi April. Its great that you have this kind of for...Hi April. Its great that you have this kind of foresight. My parents always said to 'save', and that's it! They didn't coach us through temptation, they didn't take us or our money to the bank, they didn't give us any hints or tips to save. So I would 'save' for a day and then spend money! When we were older and getting credit cards, they didn't give us any hints then either. Enter Mr Moi and his accountant ways and his thrify upbrining by his financially savvy (definitely not rich, just financially intelligent) parents, and I'm usually more frugal than him these days! Saving is great. I barely regret any of the things I didn't have in my 20s, and our aim is to pay off the mortgage in full far quicker than the 30 year terms!Brooke - Little Miss Moihttps://www.blogger.com/profile/17267299830665625580noreply@blogger.com