Teach Your Teen These Financial Lessons Now, They Will Thank You Later

By 12, most kids have a fair understanding of how things like loans and interest rates work. But this doesn’t mean they are fully equipped to enter into adulthood without a few additional financial lessons. Part of adulting is figuring it out on your own – but that can lead to costly mistakes, which is why you should give your kids a head start by teaching them some simple lessons before they graduate high school. 

The following tips from The ChipChop Blog can help your teen prepare for and safeguard their financial future.

Driving costs more than gas.

Getting their first car is a big event in a teen’s life — and it’s a huge investment. However, there are many other expenses associated with getting behind the wheel beyond a car payment and a full tank of gas. The biggest is insurance, especially for teens, who typically cost more to insure than those of us in the 30-69 age range. Even where you live and your teen’s gender can affect rates. Boys tend to have higher premiums, but all teens are high-risk drivers and have a likelihood of crashing three times higher than adults. 

Debit cards and credit cards work differently.

The difference between debit cards and credit cards is not apparent at the cash register. They look exactly the same and often have the same logos. Because of this, it can often confuse a young spender. So, before sending them out into the world on their own, make sure they know the difference. Credit Card Insider illustrates the differences between the two, citing that a debit card takes money that you already have, whereas a credit card is essentially a portable loan.

Going to college is important.

Not all children want to go to college, but it’s important for them to understand that most college graduates make more money than those who don’t. Of course, it’s difficult to stress this fact without a degree of your own. Regardless of what parents may think, teens pay very close attention to what their parents do and how they do it, so leading by example is often a good way to get your child to understand the importance of a college education.

For example, if you’ve had your eye on a doctorate but never had the time or opportunity to follow through with it, check out online universities, which offer the convenience of learning from home. Some universities provide students with around seven to eight different chances to begin doctorate programs each year, letting you tailor everything to your family and job. Who knows? Your decision to go back to school could spur your teen to start considering colleges today.

A little research goes a long way.

Your kids are still many years out from buying their own first house, but now’s a great time to stress that research and preparation is the best way to save money on large purchases. Make sure the kids understand interest rates, and how even a 1 percent difference when making a large purchase may wind up costing them thousands of extra dollars. This is a great time to introduce them to the concept of a credit score, which is a major influencer of interest rates. 

Every dollar has the potential to grow. 

It is never too early to open a bank account or investment portfolio. Many banks even have financial products geared directly toward elementary and middle school children. College campus accounts are also popular. Investing is another area where interest makes a difference. Except, in this case, it is making money instead of costing money. Dave Ramsey asserts that a 19-year-old that invests just $2,000 every year for less than a decade can become a millionaire by their 58th birthday and hit that number twice over by retirement. He notes, however, that this is best achieved by finding an account that offers compounded interest.

Use cash when you can; save up when you can’t 

Credit has its place, and everyone can benefit from having a tidy credit report. However, it’s almost always best to pay for the things you want with the money you have versus using your credit card and paying it off down the road. The first and most obvious benefit is that you are not paying interest on small purchases. Further, not going into debt is a lot less stressful than watching “balance due” invoices pile up in the mailbox.

That being said, there’s nothing wrong with saving up for something you really want – whether that’s a trip with friends, a better smartphone, or some outdoor fun with a go-kart. In that case, though, carefully research prices and plan out how much you’re going to save month by month. That’ll take out the guesswork. 

Ultimately, the best way to teach your children how to handle finances is to model responsible spending habits yourself. This is accomplished in part by the things we do every day, such as going to work and paying bills. But you can also display good behaviors by making responsible decisions, such as cooking at home instead of eating out every night. Remember, your children will mimic your behaviors, and words are only words if you don’t heed them yourself. Welcome to my own E-world, The ChipChop Blog! If you have a question or you’d like to collaborate, feel free to get in touch!

Make Memories Together That Will Last a Lifetime

Schools in Illinois and across the country only give children so many breaks to spend with family. That’s why it’s imperative to make each break count, possibly with a family vacation. Even if you can’t or don’t want to go out, you can make the most of your time at home. Explore these tips and ideas, courtesy of The ChipChop Blog.

Getting out in Nature 

If you’d prefer to reduce your family’s chances of getting COVID-19, consider going outside for all your activities. According to the CDC, you have less of a chance of catching the coronavirus outdoors where aerosol particles disperse, and you can socially distance yourself more easily. 

Plus, nature can offer spectacular views, adventure, and fresh air. The sunshine provides vitamin D, which everyone’s body requires for immune support and bone health.  

Think About a Road Trip

You could take a road trip and visit various outdoor sites along the way. Decide between destinations like the Columbia River Gorge, the Olympic Peninsula, or the Hood River Region. You can easily bond with family outside, and many activities are available.

Make sure you give your car a once-over so your trip will be uneventful.

Pack some healthy snacks to keep moods light and spending down. 

Consider Day Trips

When the budget doesn’t allow for a long vacation away from home or you have limited time, consider multiple day trips to places in the area.  

Visit a zoo or aquarium to learn all about the wonders of nature. On another day, 

Look into places to visit along the coastline; there are beaches, forests, and amazing rock formations you can take in.    

Have an At-Home Campout

You could pitch a tent right in your backyard. Build a fire, roast marshmallows, and play games. If your yard isn’t fenced, consider hiring a local fence company to do so in order to add more privacy and security to your property. 

If it’s too cold to camp outside, build a tent indoors. While you can’t pitch a regular tent, you and the entire family can contribute and create one indoors using blankets, sheets, a table, chairs, and so on. Instead of roasting marshmallows, make seasoned popcorn, pizza muffins, and other indoor snacks. You can make this a multiple-day event by planning something fun each night. 

Make Every Day at Home Eventful

If you’re staying home for the entire break, make each day eventful, perhaps by creating a theme for the week. Everyone in the family can make costumes and participate in games related to the theme.  

Or you could make each day something new. One day, the family could have art day. Bring out a variety of supplies and get creative. Another day could be music day, where the family dances, sings and appreciates different types of music. Try having a music-related talent show where each family member has to showcase a talent. You could then have a physical activity day where you spend much of the day playing sports. Make each family member responsible for creating a sport, and everyone has to try each activity. 

Of course, sometimes your kids may want to just relax and play with electronics. That’s okay in small doses, but, as Uswitch notes, online security is very important. Consider buying smartwatches for your children so they can play online safely while you prepare other fun activities for the family. An appropriate smartwatch is also a fun and convenient way to introduce your child to technology.

Smiles for a Few Days Make Memories for a Lifetime

Instead of everyone sitting at home doing their own thing, come together, smile, and make memories. Whether you visit somewhere for an organized event or create your own, you’ll be able to look back on the time together fondly.

The ChipChop Blog strives to take humanity on a more prior stage than we’ve taken it nowadays! Interested in collaborating? Reach out today: contact@thechipchop.com

COVID Adaptations You Want to Make Permanent (and How to Do It)

While many people hope that the pandemic won’t remain relevant in their lives for much longer, that doesn’t mean every new habit should fall by the wayside. Many COVID adaptations can actually be beneficial long-term, allowing you to live a happier, healthier life. If you’re wondering which ones are worth keeping, here’s a look at the COVID adaptations you want to make permanent and how to make it happen.

Focusing on Health and Wellness

During the pandemic, health and wellness took center stage. People began taking extra steps to remain healthy, including focusing more on exercise, nutrition, stress reduction, and self-care.

Since long-term stress weakens the immune system, continue with practices that help you combat it. Make sure that self-care remains a priority by adding ‘me’ time to your calendar. That way, you’ll always have time set aside for activities that rejuvenate your mind, body, and spirit, making it easier to face the stresses of the day with confidence and poise.

Spending Time Outdoors

Since gathering in groups inside wasn’t an option during part of the pandemic, people gained a new appreciation for the outdoors. They reformed a connection with their environment, reaping a range of health benefits.

Plus, being outside quickly became a form of self-care. It was a chance to step away from digital devices and enjoy the present, as well as spend time with family members or friends in a safer manner.

The benefits of spending time outdoors aren’t going to go away after the pandemic ends. As a result, it’s a practice worth keeping now, tomorrow, and well into the future.

Checking in with Friends and Family

Since COVID-19 made staying separated a must, people became much more aware of the need to check in with others. Mental health and wellness became part of the larger narrative, with people calling family members and friends to discuss their mental state and current stresses, all while offering support back in return.

While calling might not be a necessity any longer, maintaining the check-in practice post-COVID is wise. It helps you maintain stronger bonds with loved ones, something that can boost your mental health. Plus, socializing can be a form of self-care, allowing you to feel connected to the important people in your life.

Reevaluating Career Goals

Many people began seeing their careers in a new light during the pandemic. Some discovered that their industry wasn’t particularly stable, while others figured out that they were suffering from burnout.

While many industries are back in full swing, that doesn’t mean people should stop reevaluating their careers regularly. After all, the average person spends 90,000 hours of their life working; it only makes sense that that time should be spent on something you enjoy.

For many people, starting their own business is going to be their best bet. When you launch a company, you are in control of your professional life, creating opportunities to focus your energies on tasks you genuinely enjoy.

If you do start a business, consider forming an LLC. Along with potentially snagging some tax benefits, LLCs are flexible options that reduce your personal liability.Usually, starting an LLC isn’t as difficult as it seems. Just make sure you check the LLC rules in your state before you begin. That way, you can follow the right process. Plus, you can use a business formation service to make it even easier, all while avoiding hefty lawyer fees.

Why is a woman dating a younger man called a smart choice?

Being a woman carries the biggest task, and one should know that you have very much to do with your feminine energy and excellent gift that a younger man can bring you to rev up your attractiveness.

Reasons why should you date a younger man or get entertained with a younger guy?

You might haven’t noticed, many younger guys who occasionally blow up on your online dating app or message you, or try to flirt with you. You get confused why these younger men keep on sending or blowing up now?

You might be single, divorced, or chosen separated and of above 30 or 40, and why this is now? It is an interesting phenomenon called ‘Mrs. Robinson Syndrome’.

We’re going to demonstrate the fact, how this would work and help in the long run to date men who’re younger than you.

Why do men want to date women older than them?

There are a lot of men out there who are aware of what they want in their life, the connections they want to have with a person, what that will look and feel like, instead of being younger is better.

They are more interested in the type of maturity one woman can have or quality, and even they have preferred how old a woman looks rather than a little go pretty girl like features and many more like:

Sex

The older you’ll grow, the more comfortable you’ll get with your body and rather when you’re in your 20’s. The more you’ll be comfortable with your body, the more you’ll be comfortable with your partner. You’ll be able to cherish others and give them the chances to explore the more passionate side of having a relationship.

A woman always tries to make her man feel good when he’s with her. So, he’ll be able to explore more that he has never experienced before. The first thing a woman should do is find a man who just wants to make love to every part so that she finds it acceptable or desirable. And feeling good is a point where your feminine energy radiates and becomes powerful when you’re out of the dump.

Fun Factor

As young guys are more updated with the latest tech and gadgets more broadly, and also more active in other activities, it is assumed that they’re more fit to have fun with.

They can make you feel younger, invincible, and powerful than you ever felt before. They can make you try new outfits, visit new places, make you laugh, feel lovable, and many more.

Really into you

Have you ever asked a man you are dating, why they’re into you or older women? Men like dating older women than them because the sexual interaction they feel with you will be more exotic and appealing than they have ever felt before. Moreover, Like women, they know how to take their shit together, and to handle things more maturely and smartly. Also with a woman’s strong personality, men get attracted to them already that they cannot resist, Voila!!

You can be yourself with them

You know at a certain age, you accept yourself for who you’re and do not care what others think of you. So when you come into contact or date any young man, you may get careful of your looks or how to present your beauty to them, but you will be yourself with them and need not pretend to be someone else. Because you know somewhere they’re attracted towards who you are, how strong personality you’re carrying and not how you look.

So, My dear ladies, there’s no shame in dating men, especially if they’re younger than you, because you know who you’re and your accomplishments. Besides, This will help you to identify your feminine energy that will ignite your personality, making you embrace this. Younger men are less baggage and less intimidating than older guys. If you think dating a younger man will undervalue women in society, this is the time to think again if society repays you or not!

How to make your mind minding your business?

We’re so fucked up with ours lives these days that we don’t want to hold any crap from the next person. And by instance, if any even tiny and small dispute or issue occurs, then our overthinking overpowers the stress level at a higher stage. We’ll be smiling by responding to them, but then thinking of the worse scenarios on the other sides. Instead of talking straight to them, we start taking shitty advice from others, with whom has nothing to do with, but just the tip of gossip.

And the spark ignites by social media platform and the memes and quotes on “minding your own business and maintaining the distances from others as well”. 

Tips on minding your own business

Things I’ve learned so far are:

  • Do not share the things or the matter with others who do not have to do with the same.
  • If you do, they might share a few of their suggestions to resolve things out, but then the issue will be the new gossip factor to others and nothing else.
  • And also there might be the possibilities that to the person you’re sharing the things might organize their new mindset of the person you’re having the issues with, It’s in the positive or negative matter, depends on the seriousness and the context of the matter.
  • There may also have the probabilities that if you share the things, then they may create dispute with the more masala magic of their own the same person you have shared the words, if they hold any further grudges against you.

In the last, I’ll advise you to share your words wisely with whosoever sharing the same.