Amit K Arora

We as parents are the role model of our children, we all know that and we are constantly teaching them and helping them find their right path. But what about the basic money matters? Money related awareness and education is very important and should be provided from secondary school itself. Small and practical doses of money matters should be given throughout the school and college life. Here are some of the ways we can teach our kids to be Money-Wise Banking Basics: Teach them about bank accounts, deposit & withdrawal. Also make them aware of the operations and security features of banking. With Summer Vacations just round the corner (try and take your kid to the bank and ask him/her to fill the form for depositing cheque/money) if you have still not opened his/her bank account help him filing up an account opening form and get his account opened. Financial Discipline: It is very important to teach our kids that that there isn't unlimited flow

"The longest Journey Starts with a Single Step"   Changing our Lifestyle and tweaking it a bit are known to be of a great help for everyone; may that be in terms of healthy diet or reusing the old furniture. Have you ever thought of any hacks to save money? Let's see how money saving hack works: Create an Anti-Shopping List We always create our shopping-lists, why not try the contrary. Always ask these questions before buying: Do I really need it? Can I do without it? Is it repairable? If these questions always remain in mind maybe it will help control the urge of buying and maybe help you think before making a purchase. Confront & Challenge Yourself We don’t really do anything until something provokes or motivates us to do that. Let's challenge our-self then?  A simple challenge: No Shopping Month Restraining yourself from making any purchases in that calendar month no matter how tempting the product looks.