Wednesday, July 20, 2011

the F word (previously posted on my blog)

Finance and budgeting -for most of us, these words manage to produce  a few butterflies in the stomach . Give your child a head start in managing money with these simple tips.
  • Introduce her to the concept of taking responsibility for money. Give her a piggy bank to 'save up' the money that you give her, and allow her  to buy something with it when it when it fills up.
  • Along with responsibility comes freedom. Let her decide how she wants to use the money(as long as it is not something which she cannot afford)
  • Introduce her  to the various ways of managing money. for instance you could give her two piggy banks -one for "immediate" or "current" needs and another for long term needs ..that could be like a fixed deposit. She can decide how to allocate the money that you give her between her two "accounts" So the "current account" takes care of those chocolates and small trinkets, while the "fixed deposit" can be used for bigger buys like that expensive doll or dress.
  • Have realistic expectations when you hand out the money. For example, you cannot expect the child to buy the daily lunch from the canteen with her pocket money but if she feels like having something "special" then she has to dip into his pocket money.
  • If she regularly demands more pocket money don't give into to her demand(unless its reasonable). this will teach her to operate within a 'budget' and make good choices.
           
       

Saturday, July 16, 2011

A letter to my son (previously posted on my blog mom-of-all-trades)

Dearest  Kanna,
                     Next month you turn six.I am writing this little note for you to  read, when you are old enough to understand what I have written..may be its in a years time maybe ten..the time really doesn't matter...
I want you to understand and hopefully remember, the lovely relationship we had for these past 6 years. Isn't it ironic that we humans can remember very little of the first few years of our life when we our most loved and cherished!!!!                  

We will never be as close to each other as we have been these last six years...we've had a lot of lovely moments together. Now as you enter a new phase of life I can see your baby features melt into some thing more mature..but every bit as adorable. You are growing into a sensitive and loving person and for that I''m thankful to god....for there is only so much a mother can do; the rest of it she just has to keep her fingers crossed!!!
Your occasional temper tantrums still continue to worry me ...well I guess we'll have to just work harder on that one.
 I know we may opt for different paths in our journey together, but I  promise to let you choose your own path.(though I will be following at a safe distance..I'm still your mother!!!!) I also know that having to let go of your hand from my safe clasp, will be more difficult for me than for you..but I promise to try my best, for your sake.
What are my dreams for you? My dream is that you be able to
                                                                   " think deeply, speak gently
                                                                     love much, laugh often
                                                                     work hard , give freely
                                                                     pay promptly and be kind"       
My dream is to see you grow into a happy, healthy contented person..happy at "just being Nachikaet"..exactly as your are on your sixth  birthday!!!!
I feel truly blessed to have you in my life...may god bless you always.
For amma, you will always be that little bundle of unimaginable joy that the doctor placed in my arms..six years ago.
Love and love always,
Amma