Money can be one of the great mysteries of the world. We spend our whole lives chasing it, just so we can spend it again! It’s important to make sure you do as much as possible to achieve a strong and positive bank balance. In order to achieve this, you might need to look at alternative financial means. That may often require you to take out a loan to help you. Many people are averse to loans, but they can have a lot of benefits, as you will see below.

cautionGet Out of a Sticky Situation

Picture the scene; it’s a lean month as you’ve already had to spend a lot. You’re trying to be economical and make ends meet. Then all of a sudden disaster strikes! Perhaps the car breaks down, or maybe there’s a problem with the house. Some issues are emergencies, and they have to be dealt with immediately. This is where one of the biggest advantages of loans becomes plain to see. If you are caught up in an emergency, you can’t very well just ignore it. You’re going to need to deal with the issue, and this is going to cost you money. That’s why it’s important that you take out a loan because then you will be able to afford to cover the cost of the problem. Always understand that a loan is there as a way of getting out of the problem. And resolve to build up an emergency fund so you never have to take out another loan again.


Help Your Bank Balance

Sometimes you need to give your bank balance that healthy injection it needs. It’s becoming more and more expensive to make ends meet these days, and the cost of living is something you might struggle with. That’s why sometimes it’s important to get a cash injection from somewhere. A lot of people don’t find it easy to save money, and there’s not always extra work around. This is why sometimes the best thing you can do is take out a loan, especially if you have any costs coming up. You will feel much less stressed about things if you take the time to ensure you have plenty of money in your account. You need to think about the different loans that it’s possible to take out these days. There are unsecured personal loans, payday loans, and guarantor loans among others. But you need to make sure you have the right loan for you that suits your circumstances.

warning explanationAffordable Repayment Schedule

Modern loans are a much more attractive prospect than they used to be. That’s because many of them offer attractive repayment options these days. You can select from many different types of loans, as well as choosing or arranging repayment options. That means you don’t have to repay the loan all in one go. Instead, you can do it in affordable installments that perfectly meet your financial needs. These loan structures make it so much simpler to get a loan these days without the stress involved.

There are a lot of reasons why you might want to take out a loan. It can be a crucial and important part of personal finances, and that’s what makes them so vital. You need to make sure you take out a loan if you need one. These days it’s a more attractive prospect than ever before, and you should make sure you weigh up and understand both the benefits and drawbacks of a personal loan.



The Loan You May Not Have Heard Of

by Adam on January 19, 2017

remortgage house loanWe have all come across different types of loans, from payday loans to student loans, fixed-rate mortgages to personal loans; and we all have some idea of what they are. But there is one type of loan – a bridging loan – that many people haven’t heard of, and even those who have heard of them don’t fully understand what they are. To address this confusion, below is a brief guide on bridging loans. Who knows, it could turn out to be a suitable option for your situation.

So, what is a bridging loan?

Bridging loans tend to be a form of short-term business loan, which should be viewed as a means of finance designed to get you from one step to the next. That is where the term ‘bridging’ originated.

How are they different to regular-term loans?

The biggest difference is their intention. Unlike normal-term loans, bridging loans were designed to be used for very specific short-term purposes. The biggest thing this effects is the speed in which you receive funds into your account. For a normal-term loan, it typically takes no less than 2 weeks to receive the funds, while a bridging loan can be ready in 24 to 48 hours, sometimes less.

What are bridging loans used for?

There is no definitive answer to this question, but generally speaking, most bridging loans are given to those with a project, usually to do with the property. In this regard, it could be considered as a form of property development finance.

A lot of the time though, getting your hands on a bridging loan depends on the lender, and how he views your plans to spend the money. This means, in theory, it could be used for any opportunity that has an evident exit strategy. An exit strategy is their way of asking how you are going to either a) clear the bridging loan and all accompanying costs or b)transfer it to a more permanent form of loan. For example, this could mean a mortgage.

What is the difference between open and closed bridging loans?

Quite simply, a closed bridging loan has a clear and fixed date for when the line of credit will be stopped. An open bridging loan, however, has no clear exit date attached, thus a lender will only provide for a certain amount of time.

What costs are accompanied by bridging loans?

The most obvious attached cost is the interest rate, which, due to the loan in question being a rather niche and bespoke, tends to be a fair amount higher than other forms of loan. However, most lenders will offer options on this front, allowing the borrower the option to pay a lump sum back at the end of the proposed term instead of monthly payments. This can be an attractive proposition as many borrowers may not have the funds in place to commit to a staggered repayment.

Other fees may include things like an arrangement fee and administration fees, although the amount will be specific to each vendor, and could fluctuate a lot across the market so it is worth doing your research and seeking advice from a professional establishment, such as Enness Bridging Finance, before committing to anything.


Using Bridging Loans Part 1: Commercial Property Development

A lot of the time, bridging loans will be used as the most important form of funding for property developers. For example, it may be that a commercial developer has a site ready to be developed, and has even had permission granted to him by the correct authorities and council bodies. In this case, the developer is building affordable housing. In order for him to spread the costs of the development, so that the company is shouldering the entire cost, the developer may seek a bridging loan. This will give allow him to obtain funding for a short period of time, typically between three and eight months , whereby the development can be undertaken and completed.

How this bridging loans is paid off is simple. The developer has two options. Either he sells the properties he has developed and pays of the loan off in full, or he/she moves the bridging loan onto a more traditional, long-term loan, such as a commercial mortgage.

Using Bridging Loans Part 2: Refurbishment

A bridging loan is a great way to embark on home refurbishments for the simple fact it is easy and efficient to receive loans. Why is the is good? The faster you receive funds the quicker you can begin working.

A typical scenario whereby a bridging loan is used in refurbishment, or indeed renovation, is in the conversion of properties. Sometimes, converting a property will see certain regulations are met allowing them to receive a commercial mortgage, unlike before. In this sense, a bridging loan is an excellent way to complete the work that will grant you a more stable, long-term mortgage.  

For a rough guide to costs, use a bridging loan calculator.



I’ve readampiplicarecently been invited to be interviewed on SuperMoney about investing and personal finance for millennials.

The full interview can be seen here.

Some extracts:

How Magical Penny started:

I didn’t have any background in investing when I started getting curious about the stock market. I didn’t have any money either! I was a student studying history and politics and planning to start a job in marketing when I graduated. But the internet opened up the world and its information, so it didn’t take long to fall down the rabbit hole of internet research and follow my curiosity about the stock market and investments.

The ‘One Thing’ Advice

Look through your direct debits and standing orders in your bank account; it should be easy with mobile banking. Are you spending money automatically on something you no longer get value from? My message is not, “Spending money is bad, saving money is good.” Instead, my message is, “Make sure you are only spending money on the things that are meaningful for you, so you have more to put towards longer term goals.” Not quite as catchy, but it works!

My most important message for young adults

Don’t feel like you must follow a set timeline for your life such as “I must buy a home by the time I’m 30” or “I must have nice things now that I’m not a student.” Everyone is different, and if you try to force yourself into set deadlines, you could make a costly mistake or trap yourself in a life you don’t want. Certainly, you should have goals and work towards them; but don’t try to rush things because your emotions could lead you into making a poor financial decision.

It was fun to have a chance to share ideas on a different site so do read the whole article here and let me know what you think.


cautionThings go wrong in life, and they certainly go wrong in property investing and developing. But many of the disasters experienced by property investors can be averted if a bit more would be taken. So, if you’re an investor wanting to ensure that you don’t fall into common traps and make mistakes, it’s time to start learning. Here are some of the big mistakes, what you need to know about them and how you can avoid making them yourself.

Not Digging Deeper Before Buying

If you don’t dig deep enough when you buy a property, you might miss some key problems with it. Unfortunately, this is not an uncommon mistake. Many people make it, and they end up regretting it later. The surfaces of a property don’t always tell the story. First of all, never buy a property at auction without seeing it up close first. This is when you get the chance to see what’s lurking underneath the surface. You might find problems that will take big money to put right. If that’s the case, you might be better off looking for a property with fewer faults.

Dodging Your Responsibilities

Most property investors also become landlords. If that’s something you’re planning on doing, you will need to understand exactly what the job will entail for you. For starters, you will have lots of responsibilities. You will need to address the concerns of tenants and fix problems when they arise. And if you dodge these vital responsibilities, as many landlords do, you will experience tenants leaving early. That leads to your property being unoccupied for longer, meaning less money for you. So, prepare yourself for every responsibility and ensure you have time for these tasks before you dive in.

warning explanationNot Having a Proper Exit Strategy Lined Up

No one wants to think about the possibility of their latest investment not working out. But your positivity alone isn’t going to make good things happen. That’s why every investment requires a plan for an exit. This exit strategy will help and guide you if you need to cut your losses and sell the property quickly. The longer you wait, the more money you will end up losing if the market is plummeting fast. So, be aware of things like home buying services that can result in fast sales. There are plenty of house buyers out there that might be able to help you.

Failing to Work with Others

Going it alone is not a great idea when you’re a property investor. There are plenty of tasks that you simply won’t be able to take care of by yourself. Many investors think that they should do everyone alone in an effort to save money. But money won’t be saved in the long-term if you end up doing tasks incorrectly and causing even more problems for yourself. Find good and reliable contractors and tradespeople who you can call on when a task needs to be taken care of. These people could save you when you have a major problem.


For more Property posts click the Property Category


As a property investor, you will need to communicate with your tenants. Unfortunately, many landlords are not great at this. But that relationship between tenants and their landlords is very important. When the relationship is good, problems and disagreements can be averted. So, here are some of the steps you will need to take in order to build that relationship in the right kind of way.

mortgageStart on the Right Foot

First of all, you need to start things in the right way. If you don’t get off to a positive start, this could set the pattern for the future relationship between the two of you. So, think about what you can do to show your tenants that you care from the start. Some landlords help with the moving process. If you work with moving companies, you might be able to get them a discount or cover the costs for them. This can really show that you want to build a relationship because it’s such a positive gesture to make. That’s just one example. But what’s most important is your ability to communicate well with them.

Keep Your Distance

Once the tenant has moved into your property, you need to keep your distance. The truth is, no one likes an overbearing or ever-present landlord. If that’s how you come across to your tenants, they won’t like you at all. So, stay away from them and the property unless you have a specific reason for visiting the property. When that’s the case, always let the tenant know in advance that you need to see them. Turning up unannounced is not going to be seen positively by your tenant, so don’t do it. Keeping your distance is best for everyone.

Address Any Problems Rapidly

When your tenant contacts you with a particular problem, you have to deal with it as quickly as you can. If you don’t, the problem will get worse, and the tenant will be left to live in unsuitable circumstances. Every landlord has a legal obligation to their tenant, so it’s up to you to get repairs made. If you are able to respond rapidly and take the right course of action when something does go wrong, your tenant will really appreciate this. And that can only be a good thing for the relationship between the two of you. It will show that you’re not just there to make money.

Be Fair and Realistic

Finally, you should always aim to be fair and realistic with your tenants. This starts with setting the price. Of course, you want to make a profit on the home, and your rent pricing will have to take this into account. But continually forcing up the rent at every opportunity is never going to be taken well by your tenants. Be fair with them and charge them an amount that is reasonable and that they’re realistically able to afford. If they have problems regarding the rent, meet with them and talk things through. That’s always the best way to conduct things.


house mortgage UKSometimes we all have to bite the bullet and accept a job a little too far away from home. Maybe you’ve struggled to pay your bills, and this new opportunity will provide you with a better income? Whatever your reasons might be, relocating is always a real pain. There are so many things to consider that you are almost guaranteed to overlook something important. With that in mind, I wanted to offer some tips and advice today that could make all the difference. Just don’t feel too disheartened if you get something wrong. It happens to use all, especially when we’re dealing with the stresses of moving. My advice should help you to make sure it’s nothing too drastic.

Know how much you can afford to spend

Before you do anything else, you need to take a look at your borrowing options. Experts from Mortgage Solutions say that’s easy these days thanks to online services. So, you just need to sit with your laptop for a few hours and perform some research. You could either contact different banks yourself and arrange meetings, or use a third-party. In most instances, it makes sense to use a mortgage specialist because they understand the market. They are much more likely to spot a deal you’ve overlooked. Also, they don’t tend to charge that much for their services. So, you can keep as much cash in your account as possible while getting the best rates.

Research potential locations thoroughly

It’s vital that you don’t just purchase a new property because it’s cheap. In most situations, there is a genuine reason for low prices. Perhaps the home is in a less than desirable neighborhood? Maybe you have to travel miles to the nearest school? There are lots of reasons properties might look perfect upon the first inspection. However, without performing a lot of research, you run the risk of getting things wrong. Researchers from UK Crime Stats offer some great statistics and advice you should use. That is especially the case if you have children in your house. You need to make sure there are at least a couple of good schools in the local area.

Consider a house swap

House swapping has become a widespread practice during the last few years. It’s much easier than buying a new property, and sometimes you’ll earn from the action. For instance, you might find someone who owns a more expensive dwelling, but who still wants to trade. In that situation, you could make a tidy profit when it comes to selling the house in a few years time. Some people will expect you to cover the price difference in cash, but others won’t. Whether or not a home swap is a good idea for your family is down to you to decide. I just wanted to make you aware of the opportunity. It’s not the ideal solution for everyone, but some people experience many benefits.

Whatever you do, I hope you manage to relocate without too much hassle this year. Just remember, there is lots of useful information on this blog, and so you should take a look around before you leave. You can also subscribe to stay updated with the latest tips and advice.


Blogging Your Way To Riches

by Adam on January 8, 2017

When I started writing Magical Penny I wanted to share my experiences of investing and encourage my friends to start investing too. I built up a readership of people interested in what I had to say about money topics and within a few months I started receiving emails from companies wanting to pay me to write about them. This was my first taste of earning money from a website, rather than websites costing me money to develop and keep running!

I have continued to earn money from my blog, and for a a couple of years, I lived off the income from this blog before and during my career transition into the financial planning profession. I have continued to earn money from this and other blogs but compared with a lot of other ‘probloggers’ my blogging income has been relatively small. There’s a reason for this – the blog world moves so fast and is always changing and adapting.

What worked well to attract readers, advertisers and sponsors in 2010 and 2011 might not necessarily work today in 2017.

That’s why a new book, Blogging your way to Riches, is such a great read. It’s current, relevant and is written by two bloggers who are actually doing (successfully) what they are writing about.

The book has been written to give you the formula you need to turn your blog into a profit-making business. The real-life examples of both the good and the bad of blogging for a living were informative and entertaining.

Personally, I’ve enjoyed about flexible blogging can be, and experienced first hand how surprisingly profitable it can be. Creating and maintaining a blog can also be empowering and it’s satisfying to see how a little work in the present can grow over time into something that impacts thousands of people through the power and potential of the internet.

If you want to take your blogging game to next level I can highly recommend Blogging Your Way To Riches


FocusThe move from one year to the next gives us a chance to draw a line and create a boundary. Of course, most New Year’s’ Resolutions are abandoned pretty quickly.

But that’s because they don’t have a real strategy behind them. When it comes to your money, it’s not that difficult to create that strategy at all. Here, we’re going to look at the options you should start adopting through the year so you can keep that promise to yourself of being better with your money.

Know where your money is going

From the very first day of the year, it’s time to start tracking your expenses. Whether it’s on a notepad that you carry absolutely everywhere or using a free expenses tracking app, you should start looking at your costs in the most possible detail. Check your bank accounts and credit records to account for any you don’t make yourself. Create a budget, using the 50/30/20 rule as a baseline and compare it to your expenses. Figure out where your money’s going, where you could stand to put a little more and where you really need to spend a little less. If you want to be good with your money, the first step is finding out just how bad you are with it already.

How to pay off debtMake savings the first thing

The ‘20’ part of the 50/30/20 budget is savings for financial health improvement. It could be paying off debt or finding investments. One of your savings goals should most definitely be starting an emergency fund to take care of life’s little problems. But the problem that a lot of people have with savings is that they put it off. They decide to leave themselves some extra money, only to find that they don’t have the money to leave at the end of the paycheck. Pay out your savings first, then your essentials, then consider the rest free money. That way, you’re never neglecting your strategies towards better financial health and leaving your piggy banks perpetually empty.

Get the insurance you need

An emergency fund can be a good protective barrier against some of the problems that life can throw your way. But it’s not the best way to deal with all of them. There are some assets and preparations that can be better made with the right choice of insurance. We’re not just talking about the mandatory kinds like auto insurance. For instance, you need to be well aware of the risk of disability or injury taking you out of work beyond what your worker’s compensation can provide. For that, disability insurance needs to be considered. Then you need to think about your family and dependents. If you were to die, do you have life insurance in place to help them make it through it?

percentage growthGet real returns on your savings

Whatever your savings goals are, they’re going to get met a lot more easily if you’re using the right savings methods. It’s not enough to just sit on your money. You want it to experience some sort of growth, especially since the risk of inflation catching up to bank interest is always a possibility. For real gains, you want to consider getting into some investment opportunities. But if you’re not ready to take that plunge just yet, just find the best savings return accounts. We’re talking about options like savings bonds and peer-to-peer lending. These terms might sound intimidating to new wealth builders, but they’re nowhere near as risky as investments like getting on the stock exchange.

Move your debt to your advantage

Being in some form or amount of debt isn’t something to be overly ashamed for. Most of us deal with debt at some point, it’s just a fact of life. Ignoring it can only compound the problem. Taking a proactive approach isn’t just cautionabout paying it off as quickly as you can. It’s about paying it off realistically without having to go to dire straits to do so. To that end, moving the debt around to a deal that’s better for you is often the wiser option. Sites like LendingTree can help you formulate strategies using debt consolidation that can reduce your monthly payments to make them a lot more manageable. If you’re in the position to pay debt off quick, great. If not, then focus on making it achievable above all else.

Talk to your family about money

This is a biggie. We know that it can be difficult to share the ins-and-outs of money difficulty. If you don’t explain why you’re cutting certain expenses, it can lead to arguments. If you’re feeling ashamed, you might not want to say anything. But talking about money is important. If you have a partner, then they can be a great asset in helping you. If you have kids, then it’s a valuable lesson they could take with them, rather than picking up bad habits that get you and them into financial difficulty in the first place. The best way to talk about money with them is by looking together at the strategies and steps you’re using to get in a better financial position. It keeps the conversation positive while being realistic about the risks.

Max out your retirement savings

No matter what your situation is, you want to be contributing to your retirement. Even if you’re paying off debt, just sneak a bit here and there into your long-term preparations. Over time, every little bit contributes to a much greater whole. They can contribute even better if you max out your retirement contributions. A lot of employers offer 401(k) options. If they do, then try to contribute as much as they’re willing to match. You don’t know how long you’ll have the opportunity to capitalize on a benefit like that.

Automate your payments

We mentioned right up at the top that the best habit to maintain is to pay towards your savings strategies first. There’s no doubt about that. But it’s even better if you ensure that all your bills are going out first, too. Automating is a good idea to make sure your expenses aren’t chewing into your essentials. A lot of people have a problem with automating because, as they say, out of sight is out of might. But it’s easy enough to keep track of all those bills with a bit of a visual reminder to help. Draw yourself a financial network map that changes with every added bill and paid off debt. That way you can automate without worrying about forgetting it.

Using credit cardsTake a once over of your expenses

As for those expenses, you can stop them from chewing away too much by simply creating a few rules to deal with them. For example, set reasonable boundaries for how much you’re willing to spend on an item. Do you need to buy a pair of baby shoes that costs more than $15? These boundaries get you thinking a lot more frugally. Then look at your bills, as well. Every now and then, every year or six months, you should take the time to look over them once more. Using sites like Billfixers to see if you can’t negotiate with your service providers to see if you can’t haggle them down a bit. Don’t assume that the bills that were best for you two years ago are still best for you now.

It might seem like a good deal of effort, but it’s easy to maintain good money habits once you get into them. Even better, it really improves your understanding not only of how your money works but how your mind works with it.



How to Set Up a Cracking Home Brewery

by Adam on December 16, 2016

Positive ISAAfter a long day (or let’s face it, a short one) there’s nothing better, for some,  than the first, thirst-quenching sip of a freshly pulled beer, but when that brew is one you’ve made yourself, that sip can taste like you’ve simply died and gone to beverage nirvana.

And, apart from first-slurp bliss there’s plenty of practical reasons why self-respecting drinkers should have a home brewery too (just in case you need to justify your reasons for wanting one!); it’s cheaper than heading to the local alehouse, far more convenient and learning the craft is good for the soul.

Best of all, with the right bits of kit and a good dose of patience, anyone can do it.

So what do you need? Well, that depends on what you want to achieve.

There’s all sorts of ready-made beginners’ kits out there but if you’ve been inspired by the microbreweries that have been popping up all over the UK and want to set up something a little more substantial yourself at home, you’ll need some quality equipment.

Here’s the homebrew essentials:

save early, save oftenThe Homebrewer’s Kit

The actual pieces of kit you need to make a basic homebrew are pretty simple, so you can start small and build your brewery as you go.

The minimum bits of kit you’ll need for a basic beer include:

  • Fermenting bin with a tap or syphon tube
  • Beer bottles or a keg
  • Hydrometer
  • Sulphur dioxide or chlorine based sterilising products

Plus, a safe space to store your fermenting brew that has a stable temperature of around 20˚C.

If you’re ready to take things up a notch and try your hand at extract brewing, you’ll need to add:

  • Stove top or electric element boiler
  • Hop strainer
  • Grain bags
  • Thermometer
  • Brew paddle

However, if you’ve fallen in love with homebrewing and are ready to really craft some quality ales through grain brewing, then you’ll need all the above, plus:

Master the Cleaning

Any equipment or utensils you use must be free from micro-organisms that could affect the quality and flavour of your brew or even put your health at risk. Use a suitable steriliser and always, ALWAYS rinse everything thoroughly with fresh tap water before use to remove any traces of cleaning products.

Select Your Ingredients

Almost all beers are a blend of hops, malt, yeast and water but the way those ingredients are combined and then mixed with other stuff like honey, citrus oils or even bourbon means you have limitless opportunities to make unique creations that suit your own personal tastes.

Explore different recipes and experiment with flavour. You can find some great homebrew recipes online from Brew Engine or join the community of fellow home brewers who swap recipes, tips and insider tricks online at Jim’s Beer Kit.

Whatever recipe you choose, always select quality ingredients and follow the care instructions for them carefully.

success goal buildingManage Your Expectations

Getting to sit down with that first delicious homebrewed ale means first sitting down to a lot of seriously below par beverages and doing a lot of lifting, cleaning, disinfecting and tinkering in between. This is not a hobby for anyone seeking instant gratification.

Craft ales are exactly that, a craft. Making them takes time, patience and some creative flair so if at first you don’t get the mouth-watering sip you seek, brew again. Tweak your recipes, adjust your timings, fiddle with your equipment and simply enjoy the process.


Why Being Bad can be GoodSaving money can sometimes feel like a bit of a heavy subject to bring up with your children, but by following these tips and putting money away can be an exciting experience for the whole family. The team at Strawberry Children, think there are plenty of practical ways to make saving less of a chore and more of a rewarding mind-set that can help children transition into adulthood with confidence and security.

Don’t Be Scared to Talk About Budgeting

Introducing the concept of budgeting early on makes it more normal and less of a daunting concept. Bringing in everyday examples is a great start. Sharing how you manage expenses can be a fun experience for your kids that gives them responsibility and teaches them about price comparison and prioritising. An easy way to bring this into your routine is by planning the weekly shop together.

Focus on Goals

Having set targets to aim for can make the whole process feel more achievable to you to your kids. Once your child has identified what they most want to save for, you can discuss with them how to budget towards these goals and realistic time frames to aim for. While it’s great to aim for long-term goals, it’s likely that your child that will want to spend as well as save. Saving for the possibility of university may seem a long way off to a seven-year-old, but you can encourage an awareness of both short- and long-term goals. A good method of separating goals can be to split money into different envelopes or jars. You can additionally label the goals by writing them down and sticking pictures up to add motivation and anticipation.

save early, save oftenPiggy Banks and Bank Accounts

Piggy banks are an effective way of children seeing the results of their savings and how they can aim towards their goals. All those extra pennies lying about can build up to an exciting total and inspire further saving.

Once the piggy bank hits a certain level, you may want to move it into a bank account. You might already have a bank account open for your child, but it can be a valuable way of helping them to prepare for the adult world of banking. Speaking to an advisor and being involved with how their account works will ease kids into systems which they will have to deal with as adults and can make it seem less scary. For a good mix between saving and spending, your child could always put half of their piggy bank into the account every month and put the rest for shorter-term goals.

Give Them Control

Letting your kids make their own purchases promotes independence and an awareness of how quickly money can be spent. Using their money for a meal out or a trip to the cinema can give them satisfaction while building an awareness of how much things cost. You could also let them plan out the budget for their clothes or leisure activities to see what they can afford. By doing chores like washing the car and gardening, children can gain valuable skills which will last a lifetime.

IncentiveReward Saving

Showing your children how proud you are of their saving can reinforce a positive attitude towards being thrifty. You can do this by matching what they spend or providing treats like extra play time or a fun family day out. With such good saving habits, they may even have enough to treat you!


Any other ideas? Leave them in the comments.