Tag Archives: budgeting for kids

Jamaican Money Resources

Over the years, I have observed a steady increase in the number of Jamaicans who are trying to develop their money skills and find ways to improve their finances. There is a wealth of financial information available on the internet or in books and CDs; but very often the material has been developed for an overseas audience, so some of the details might not be relevant to our situation.

While basic money principles are the same regardless of the country of origin, there are certain financial issues that are unique to our culture that can only be adequately covered from a local viewpoint. It is therefore encouraging to see that some Jamaican authors have risen to the task of spreading financial literacy by sharing their knowledge and experiences about money.

Let’s look at some of the locally available books that aim to educate persons about personal finance and business matters. Continue reading Jamaican Money Resources

Money Mission: Raise Money-Smart Kids

Many people, upon reaching their twilight years, will look back with regret at some of the choices they made in life. Remorseful memories of ‘youthful exuberance’ are often money-related; as the poor financial decisions that we made long ago have consequences that can negatively impact our fortunes forever.

Sometimes, I wish I could take a trip on a time machine so that I could change my past. One of the first things I would seek to rectify would be my imprudent actions regarding money. I would erase the careless spending and non-existent saving habits that characterised my early years, and replace them with sensible money practices.

If you’re like me, and you have a less-than-impressive history with money, don’t hold your breath waiting for that time machine to be invented! While we can still make smart decisions today that may eventually turn around our finances, life would have been definitely easier if we had learned and applied the right principles when we were young. Continue reading Money Mission: Raise Money-Smart Kids