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Must-have skill for children #12 managing money
There are many benefits to teaching your child the must-have skill of managing money at an elementary-school-age. They can be more successful, responsible, and hard-working in the future, to name a few. However, many parents wait too long or never start to teach their child how to become financially responsible adults. This can be one of the most common parenting mistakes. In a University of Michigan study, Professor Scott Rick stated, “If parents wait until their children are teenagers to have serious discussions about money, they've already let a pretty formative decade pass.” As a matter of fact, the Consumer Financial Protection Bureau cites research that children are able to start saving by the time they are five! It’s not too early for your child to learn the value of a budget. If you want them to be prepared for a better tomorrow, here’s how they can start today. Otherwise, they may be the one in six students who never reaches the baseline level of financial literacy. Start Earning Money Teach your child to earn money so they internalize the concept “Money does not grow on trees.” It’s the result of a lot of time and effort. Recognizing this can raise their understanding of how the economy works as well as appreciation for the things they already have. This also increases their self-esteem as they see they are capable of taking care of themselves. They can earn money through a variety of ways. They could sell lemonade, receive bonuses on top of allowance for extra chores or special accomplishments, babysit, wash cars, or mow their neighbor’s lawn. However, a bonus tip is to also have them donate things and volunteer their time, so they understand that there are benefits to work beyond reward. Sometimes, it’s better to not monetize but connect with the community, and it’s important they learn the difference. This overall experience will teach them their worth so they won’t sell themselves short in future negotiations and job offers. Know How to Spend There’s no point in earning money if your child isn’t going to spend any, and there’s a know-how to spending, too. Because they are using their own money, your child will likely be more cautious of where their cash goes. This teaches them needs versus wants. What do they absolutely need, such as school lunches or supplies? After that, what do they want enough to spend their money on? This tests their ability to spend responsibly. For extra habits that would help them in the future, you can teach them comparative shopping, meaning what is the best deal and where can they get it? Some items can be cheaper at certain retailers, but your child can’t just look at the price. They have to check the quality to see whether or not the product is worth that price. For example, is it better to purchase a cheap T-shirt that can only be worn a few months or a pricier one they can wear for years? They also should check the quantity, as in how much they are buying for the cost. They could practice their problem-solving math skills here. Is it better to purchase 10 rolls of toilet paper for $9 or 20 rolls for $18.99? They can calculate tips, tax, and whether a $5 coupon or a 20% discount would be better for a $20 item. These are all practical skills for real-life applications. Practice Planning Budgets Goals exist in the monetary space, as well. Have your child practice planning and tracking their budget. You can use a budget sheet like this one so your child can get used to tracking their earnings and spending. It’s good to keep a record of all of this, take note of their spending habits, and promote organizational skills. They can also create short and long-term goals so they can practice or start saving up. This will be incredibly useful as an adult when the sheet is likely to get more complicated with bills, food, rent, bonuses, side hustles, investments, and more. This is also great for tracking things like donations and gifts as well as practicing delayed gratification since the money for expensive purchases would take more time to accumulate. Extra Tips A piggy bank is a great place to start so your kid can save extra cash and change, but as cute as they are, they may not be all that practical. Opt for a mason jar or an old bottle instead, anything clear that shows the money piling up inside. It helps your child see the results as they go. Once they collect enough change, you can head over to a machine to convert it into cash. Waste not want not. Every penny counts! Also practice teaching your child about credit. If your child is too young for their own credit or bank card, you could create a substitute one for the Bank of Parents. They can go to you when they want to buy something on credit, and you can set the interest and payback process however you’d like. This way, they have an idea of how credit works for when they get a real card in the future. — If you want your child to grow into a fiscally responsible adult who can afford a proper lifestyle and save up for retirement, you have to start teaching them now. Let them become responsible for their earnings and spendings bit by bit, as young as five years old. Nothing beats experience when it comes to handling finances; plus, it’s never too early to start saving up for the future. With these tips, your child will have a great handle on the must-have skills of managing money and budgeting. Read more about other must-have skills for children with more to come every month. For further help in the area of problem-solving math, we have the perfect programs for you. Both JEI Math and JEI Problem-Solving Math can help your child learn the concepts so that they can calculate those taxes, figure out the best prices, and fill out their budget sheet independently. Find a center near you or call us at (877) JEI-MATH to enroll them today!
How to reduce your child's screen time
Everybody knows what it’s like to be on their phones all day. We have all been asked by Netflix, “Are you still there?” only to begrudgingly note yes, we are...and we have been for the last three hours. Technology has become so convenient and addictive that it’s hard to resist the digital screen. There’s nothing wrong with peppering our days with some screen time. Dr. David Anderson, a clinical psychologist and the senior director of National Programs and Outreach at the Child Mind Institute, said, "[S]mall doses of screen time can be a mental health-positive way of relaxing, reducing stress, and connecting socially to friends and family members.” However, the keywords are “small doses,” and it can be easy to pour too much screen time into our day. As with all things, moderation is key. We can benefit from our screens, but we can also benefit from turning them off. This is particularly important for children as they are still developing physically and mentally. The Seattle Children’s Research Institute noted that children between the ages of 10 and 16 now spend 10.4 of their waking hours with minimal movement. They would rather go online than go outside, which can result in lethargy and health problems. JAMA Pediatrics released a study in 2019 that linked excessive TV and video game consumption to lower academic performance in children between four and eighteen years of age. Because of the constant stimulation from technology, children, like adults, can get easily distracted, lose their ability to focus, and disrupt their natural sleep cycle. To prevent or rectify these problems, how can parents like yourself limit screen time for your child? Fight Apps with Apps What? You should use the screen in order to limit the use of the screen? Yes, you can combat technology with technology! Apps like Offtime show how long you spend on various apps and how many times you unlock your phone. Seeing the stats can be the eye-opener that your child needs, especially if they see that they spent a total of three full days on social media or games! Other apps can encourage taking breaks from your phone. The app Forest displays a growing tree for however long the phone remains unused. Encourage your child to give these apps a try! Set Some Ground Rules You can also set rules for when or how much your child uses their gadgets. Common Sense’s nationwide survey revealed that 68% of teenagers take devices to bed, and a third of that number actually sleep in bed with them. Consider keeping your child's devices out of reach from a certain time before bedtime to after they wake up. The blue light from screens can affect the sleep-wake cycle, so by removing this, they will sleep better and awaken refreshed and prepared for the day ahead. You could also limit TV time, place restrictions on streaming services, or require homework completion before gaming. Eventually, your child might enforce these habits themselves. Make It a Team Effort Get the whole family involved and maybe even make a fun game of it. For example, give a prize to whoever can last the longest without a device. Make this a team effort, so your child doesn’t feel like they’re the only ones struggling to disconnect; rather, you’re all in this together. Whether you make this a family venture or not, you can set an example as a parent. Be present with your child, put aside your devices as often as you can. If your child is having a hard time reducing their screen time, seeing you thrive, and experiencing the benefits secondhand may inspire them to follow suit. Doing this together may create even better results! Create Quality Time and Experiences Try to spend quality time and create memories with your family to replace the instant gratification of technology. A lot of technology usage can derive from feelings of loneliness, but it actually doesn’t help. When you are with your child, give them your full attention. They may feel less of a need for technology and more appreciation for face-to-face connections. Plan family nights so your child will have too much fun playing board games or cooking together to even notice there’s no screen! You can also sign them up for fun activities, like an art class or sports camp, that will spark their imagination, encourage movement, and create special memories. - There’s a lot to be grateful for regarding technology. We can talk to family members in other countries and learn digitally through sites like Skillshare or programs like JEI Remote Learning. But there’s a lot to be grateful for outside of technology, too, so consider reducing your child’s screen time through the tips mentioned above. This is the perfect opportunity to challenge your child to go completely screen-free for as long as they can. With these tips, we hope your child will be able to experience an increase in focus, stronger connections, more exercise, and better sleep. We at JEI Learning Center believe your child can accomplish this and much more, so even if you’re starting late, take the pledge today!
What do parents like about the JEI Self-Learning Method?
Many parents who have yet to try our personalized learning programs may wonder what makes us different from any other tutoring program. The answer is simple: we are not a tutoring program. We are an educational system that focuses on lifelong learning and enrichment through our unique JEI Self-Learning Method. Rather than making temporary quick fixes, we target deep-rooted habits and strengthen foundations so your child can become a better, more responsible student. Parents who have enrolled their child in our Common Core-aligned programs have shown immense satisfaction in our unique methodology. The first thing all parents like about the JEI Self-Learning Method is that it’s personalized for every student with the help of our scientifically proven diagnostic and assessment tests. We recognize that each child can benefit from the same skill sets, such as time management and reading strategies, but they are unique learners who pick these skills up differently. We help them figure out how they learn best at a pace that suits them. One parent, Ruthie Ann Thomas, states: “I’m really happy that I found JEI because they’re way more than just simple tutoring. The diagnostic testing that they perform finds the causes and the reasons for the problems that the children are having, and they customize the study program—just for what they needed.” This way, our students receive the attention they need to develop the study habits that work for them and grow confident in their learning abilities! Every child has infinite potential, and we make sure they know that. Our parents also recognize the universal appeal of the JEI Self-Learning Method in shaping the right mindset. They have shown immense satisfaction at the change they see in their child beyond good grades. A tutor can’t always be there to make sure the student is doing the work, whereas we teach the student to want to do the work. One parent, Yvonne T., said, “The homework hell has ended. After fighting with my 8-year-old daughter on a daily basis to finish her homework, we sought professional help.” JEI turned out to be the right choice as her daughter enjoys the structure and the atmosphere. Another parent, Madhavi Malineni, agreed that JEI was the best decision ever made. Madhavi explained, “My kids have become so much more independent doing their homework. They are just 6 and 4 years old. Can you believe it? Yes, they are! They need my help very little now.” Another parent, Billa, added, “My son initially hated to do the homework but later on, he developed the habit of doing his homework regularly with no reminder.” The JEI Self-Learning Method also emphasizes a growth mindset, so our students never grow complacent. Instead, they come to truly enjoy challenges and chase after them. Our spiral-structured workbooks help because every time they completely master one challenge, they are given another. They learn that there is always room for growth—and that this process can be fun. One JEI mother, Mrs. Pokhrel, said, “My son gets bored if he’s not challenged. We worried there wasn’t enough to keep him motivated.” She was grateful that her son, Rian, grew more interested in math because of JEI Math, which challenged him more than what he was learning at school. Lastly, the parents see the results! Yvonne credited the JEI Learning Center with her daughter’s acceptance into the Gifted & Talented program while Billa witnessed better understanding of articles and improved school performance overall. Another mom, Carol Hartwell, said, “Since they’ve been coming here, my daughter’s grades have gone from Bs to straight As and my other daughter has gone from getting Cs and Bs to Bs and As.” Parents Mr. and Mrs. Noru said, “Our daughter has become a well-rounded student and has developed strong fundamental knowledge in math concepts. She is doing well in school and entered into the advanced track in math.” Their daughter, Sahana, plans to study Computer Science and Business in the future. There are many reasons parents have been happy with our JEI Self-Learning Method and State Standard-aligned programs. We go a step above and beyond any other tutoring or educational institution with our special philosophy and lifelong learning practices. Whether your child is in pre-kindergarten or middle school, they can start learning the right way. Help them create a brighter future for themselves by learning writing skills, math skills, and reading techniques at a JEI Learning Center near you. Call us at (877) JEI-MATH today to get started. (Testimonials may have been edited for concision and accuracy.)