5 Personal Finance Tips For Parents

As we grow older our responsibilities also increase and once you become parents you have to deal with them pretty seriously. Taking care of children, providing them with the right education and other facilities can lead to some heavy financial burden for parents. In this case what can you do? What is most important is to prioritize your responsibilities as parents and determine the financial support you need to accomplish it. This article will cover a few tips that can help you manage your personal finances diligently.1. First of all understand that now you have some serious duties to perform, hence you cannot act as if you are a 20 year old and make liberal financial decisions. You need to create a balance between your instantaneous and long term needs so that you can invest wisely. Manage your income properly and keep a check on spending and investments.2. Plan for your child’s education early and keep funds aside for it. You will need to create a budget and estimate the finances that you will require for his schooling and higher education. Invest accordingly in schemes and investment plans that will have high returns when you require them most for your child’s education.3. It is very common that people when they grow old tend to invest in property and buy a house. It is certainly one of your basic needs and you may take some loan for the same. Adhere strictly to your budget and repay loans in time so that you can avoid getting a bad credit rating or bankruptcy. Remember by simply paying the minimum due you are not doing any good. Try and negotiate with the creditors for simpler installments.4. Supervise your credit card payments and pay your credit bills in time to avoid heavy interest.5. Remember that with children you also need some handy cash for few unplanned expenses like medical bills etc which may crop up anytime.

The Weight Loss Tip Almost Nobody Mentions

We look in the mirror, try on a new pair of pants, or step on the scale, and are not happy with what we see or feel. Maybe we are running after a bus, walking the dog, or playing with the kids or grandkids and find that we are rapidly out of breath where once we would not have given it a second thought.We are officially “overweight”, and something must be done!The reaction is automatic, and an entire industry has grown up which feeds on this one thought:”I must lose weight!”"Weight loss and fat loss are not the same thing. You must learn to distinguish between the two. The scale can be very misleading if it’s the only criteria you use for measurement.” –Tom Venuto, “Burn the Fat Feed the Muscle”However, the problem is not just that “weight loss” and “fat loss” are not necessarily the same. The big problem, at least for me, is that people who don’t know a lot about how the body, exercise, and nutrition work, and the interactions between and among them, tend to assume that since the problem is “weight” the solution is “less weight”.This often leads the person down two trails, often at the same time, if you can imagine that.The first is the simplest path.”I have too much “weight” on my body because I eat too much…or eat the wrong things.”Just to show how a lack of understanding of the previously mentioned factors can lead the person astray, their diet, i.e. what they eat, not “fad” diet, can be excellent, but they might have too much fat on their body because of lack of exercise.That is, their “weight” per se might not be the issue but what this weight is comprised of…in this case, fat.The solution that most of these people choose is to eat less, that is “go on a diet”, or try to follow some very restrictive or complicated eating pattern.While there will always be a few who are successful with such tactics, most will not be so lucky, and I use the term “lucky” intentionally. They are lucky in that these generally ineffective weight loss methods just happened to work for them.There are many pitfalls in the world of dieting to lose weight, and, overall, this is one of the least effective methods of losing excess pounds. I have described elsewhere, and in depth, many reasons why diets don’t work, and to keep this article short will skip the details now. However, there will be a link at the bottom of this article which anyone can follow to learn more about this.One last point here: Do not confuse “diet” with “good nutritional choices”. Cutting chunks of nutritional resources out of your normal eating activities is not the same as making rational selections of foods, exercising portion control, and applying a certain amount of common sense and will power to the situation.The other path that may be chosen is that of exercise.While I can hardly imagine faulting anyone for choosing exercise as part of their “fat loss” or “weight loss” regimen, blindly leaping into an exercise program can be just about as useless as choosing to live on soda crackers and ice cream.A great health tool at almost any level, to be an effective weight loss tool, the specific exercises done, the intensity at which they are done, the frequency with which they are practiced and the progressive nature of the exercise program are all going to be major factors in the outcome.Again, usually someone who loses a significant amount of weight simply because they have begun to “exercise” is simply lucky.Actually, effective, HEALTHY weight loss when both options of regular exercise and proper nutrition are followed simultaneously. The drawback which remains is, that if you really want to lose weight, you have to know what you need to know about eating, and what you need to know about exercise…and implement this knowledge.Having read this article thus far after having read the title, you may think that the weight loss tip that nobody mentions is simply to get educated about exercise and nutrition. While this is genuinely important to your success in losing weight, or fat, or becoming a healthier, happier, more energetic individual. that’s not the tip I wanted to give you.After all, knowing what you are doing is important for success in almost any activity…investing, playing the piano, or doing open heart surgery. If you leap into exercise and nutritional changes without any clue of what you should be doing…or why, you will probably soon be among the millions who have taken blind leaps of faith only to find that their ability to succeed is no better because of that faith than without it.If you really want to “lose weight” permanently and in a healthy manner, you will need to educate yourself.However, education takes time, as does weight loss itself. So, what can you do to get started while undergoing not only the period of education but the period of application…including the errors and adjustments which will need to be dealt with because we are all human?Here’s the tip:Concentrate on being healthy, and save the weight loss stuff for when you are stronger, fitter, and more knowledgeable about what to do.For the time being, do the things that you know are “good for you”. You know you should not eat sugar, so don’t! You know you should get more exercise, so do that! You know that an apple is better for you than an apple pie, so eat the apple. You know that a small bowl of ice cream is better than a large one, so don’t deny yourself the ice cream, just decide that the portion will be smaller.Choosing to live in a healthier manner will automatically help you lose some of the “weight”, or fat, or whatever. Maybe it will just help get rid of some of that “water weight”. Isn’t that something of value?Most people who concentrate on losing weight will fail. It is simpler to concentrate on living a healthier life…and almost anyone can succeed at that.Stay with that, and someday you will be lighter, stronger, and have more energy to use in your efforts to manage your weight. You will have learned more about yourself, your abilities, and your true desires and expectations…and, hopefully, if this being healthy has seemed to be a good thing to you, maybe you will expand your knowledge, and extend and define your goals and actually lose whatever excess is on your body, be it fat or weight.