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Computer Code - Complete Controller

It is important to integrate code learning into school curriculums at an early age. It helps them to stay motivated and match the pace of the growing world. Technology is not going anywhere except forward, and waiting until college or technical school is too late to be competitive when it comes to innovation. Even if schools don’t catch up with the technology by creating more computer coding classes that can translate into workforce skills upon graduation (or in summer jobs during high school), parents should consider getting their child into classes outside of school. Here is why your children should learn technology and computer code from an early age. Check out America's Best Bookkeepers

Smart Career Move

In the professional world, where technology is used daily, knowing the basic operating principles of PHP, HTML, and other Python languages can be useful even when you are not looking for an IT career. “For other professions in constant contact with IT (engineers, managers, salespeople, architects, etc.), the construction of a real ‘good computer science’ is essential and can only result from a real training,” wrote the Academy of Sciences in a report (PDF) published in May 2013.

The director of the information system of a telecom operator was so desperate for “the complete misunderstanding between the 5% of employees of the operator whose computer is the job and the other 95% who use it daily. ” “Without a doubt, the industry needs more computer scientists, always better trained, ever more professional, on the lookout for new technologies, continues the text. But the industry no less needs employees who have acquired and assimilated a general computer literacy that allows them to interact effectively with their IT colleagues and take the critical distance from their work tool. “

Computer Code is in Modern Culture Check out America's Best Bookkeepers

Teaching how the technological tools that have invaded our daily lives function, the code is even a necessary condition for forming a critical spirit, say its defenders. That the under-18s are very comfortable with a smartphone in the hands or behind a keyboard does not change anything: “Who can still believe that in a society steeped in digital, it would be sufficient to be trained only uses? “wrote the Computer Society of France in January, in a report  (PDF) to defend the teaching of discipline in high school.

“By way of comparison, when it comes to preparing the future citizen for public health issues, the State does not just tax cigarettes: for a long time, science courses have been living and the Earth, compulsory from the beginning of the college, make it possible to understand the sexual reproduction, the functioning of the respiratory system and to influence the behavior of each one knowingly,” continues the association founded in 1985.

According to Jean-Pierre Archambault, president of the association Public Education and Computer Science, the questions relating to the networks that have arisen in recent years in the public debate make this learning even more necessary. On laws like or the law of military programming [including an article on access by the state to the digital data of an individual without judicial control], if we have absolutely no mental representation of what he returns, we are excluded from the debate.

Still, for ordinary people, the different computer programming languages may seem obscure. One only has to look at the HTML code of an info page, where unusual symbols sit side by side with English terms, to realize it: Many initiatives have been taken to make the learning of the discipline accessible to the youngest. In the United States, the prestigious Massachusetts Institute of Technology (MIT) has developed Scratch. This programming system makes it possible to intuitively create animations or games since it involves stacking blocks using the mouse. This program has been translated into French. Check out America's Best Bookkeepers

All in All

Our children are growing up radically in a different world than us. If they do not learn the basics of technology and computer coding, they won’t keep up with the world’s pace. Coding has gained a lot of popularity in recent years, and that is good news since kids who learn coding from a young at can welcome a lifetime and a handful of opportunities for success.

Coding must be made mandatory in every school to invest in our generations’ future and make the world easier for everyone. Moreover, with the technological development taking place daily, you can’t help but keep yourself on track for an innovative tomorrow. So, if you’re not investing in the future, then there’s no way we can reach the excellence destined for tomorrow.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
money doesn't grow on trees - Complete Controller

Being a parent means that you have to coach your children in many areas of life, including financial management skills. These skills will help them move forward with their life. When it comes to teaching responsibility skills, it becomes challenging to mold them. Financial management is one of these responsibilities that is important for the child to understand but can be challenging to teach.

Every parent hopes to guide their children in the best possible way. Being educated, smart and well-informed citizens and living their lives comfortably and responsibly are of great importance. To accomplish this, parents must put ample time and funds into their education to help them learn the essentials of life in the best way possible. Although children can pick up the basic concept of money and how to use it by observing, parents must teach children how to spend money wisely. Check out America's Best Bookkeepers

Below are three basic concepts of finance that are important for you to teach your children. 

Money does not grow on trees:

The first idea that your child needs to understand is that money is hard-earned and not acquired easily. This concept will help your children be careful about spending money, as they will get a better idea that money is not a never-ending resource. Children sometimes think that money grows on trees. This misconception is because parents try to fulfill all of their children’s demands without making them realize this is possible because of the parent’s hard work.  Check out America's Best Bookkeepers

The difference between need and a whim:

As a parent, a useful lesson they can teach the child is how to differentiate between need and a whim. A whim is an act of spending money on something that is not a need. It is essential to teach the child to spend more on something the person needs rather than spend the entire amount on unnecessary things.   Check out America's Best Bookkeepers

Budgeting:

The term “Budgeting” refers to the idea that you are to live within your means. When teaching financial management, the most critical aspect the parent should cover is budgeting. Putting restrictions on the amount of allowance can teach the kids how the budgeting mechanism works. Parents should teach their children the importance of savings, as it plays a significant role in budgeting. 

It can take years for children to realize the importance of money. As a parent, sharing financial management is a gift that will have positive results for years to come.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

It is very important that more people, of all ages, learn and have financial education. Children that acquire habits such as saving and the value of money, tend to have more healthy personal finances as they grow.

According to the results of the last National Survey of Financial Inclusion (ENIF 2015),  66% of adults were taught to save during their childhood and from this group, nine out of 10 received instruction from their parents.

Because of this situation it is important that children learn more about saving and the value of money, and as a parent you can implement the following actions to ensure that your children have better financial results:

How to Teach your Children About Saving

  1. Value of money

Earning money is both educational for children as well as helps them to be more responsible. The important thing is that they learn that money is obtained through work or the exchange of products and services.

They could start selling some product outside their home (under adult supervision), if you have several children, it is also an excellent option to teach them teamwork; The biggest brother can take care of the money and the other takes care of the sales, for example.

 

  1. Savings goals

Educating your children about knowing how to save and the importance of doing so is very important. The best way for your children to learn to save is through habit. You can give them a piggy bank and teach them to keep part of their money.

One way to make your children save is to set goals. For example, buy the video game, some toy or special experience.

 

  1. Good example

The best option to teach your children to save and have healthy personal finances is by example.

The model you show your children has more influence on them than any advice you can tell them, so if you want your children not to suffer from financial problems in the future, it is essential that you have healthy personal finances.

Show them how you make your budget, how you look for the best deals, how you save, how you invest and also explain to them what and how, while you do it.

Remember that your children are the most important thing you have and giving them a good financial education is the best thing you can do for them to avoid problems in their adult life.


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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. With flat rate service plans, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.
money talk with kids - Complete Controller

Family Finances – In the Light of Parenting

Parenting is certainly no easy feat. Throughout raising your children, you will hear great questions—from extremely silly to surprisingly technical —to which you may not have answers. Or perhaps, you will feel reluctant to answer them. No instruction manual can teach you the precise way to handle challenging situations when it comes to children. Even the parenting manuals written by the smartest people in the world can never guarantee you 100% positive results. Two of the most challenging conversations that give parents cold sweats tell your kids about family finances and telling your kids about the birds and the bees. Check out America's Best Bookkeepers

Undoubtedly, both discussions have repercussions as kids don’t have the brainpower to understand them yet wholly. Being a parent, you must learn wise answers to spontaneous questions to tackle difficult situations. It’s a tough job, no doubt.  However, we must establish ourselves as steady and honest mentors in our children’s lives as a parent. Plus, building a platform of strong and effective communication with a conclusive dialogue is critically important. Your kids deserve to know the truth, but sometimes the truth needs to be watered down a bit for their minds to wrap around it.  As a parent myself, I know how hard this can be.

Managing the Resources at Disposal

Not every family is privileged enough to have an excessive amount of finances, which means that they have to stay within a budget that they have defined each month. Along with money constraints comes natural worry and concern. And that worry mostly revolves around managing your family and kids. Moreover, young children aren’t always capable of understanding the clear picture of family finances. Those who do understand are either older, incredibly smart, or have a brilliant sense of evaluating things on their own. However, it’s important to let kids be kids.  While it is okay to teach them that money does not grow on trees, they shouldn’t take on the heavy burden of worrying about money each month.  

Changing Perspective

Their social environment and peers strongly influence kids. These influences often lead them to ask dicey questions that may feel uncomfortable to answer at times. For example, ‘Dad, why do we have an old car, whereas my friend John’s Dad has a Mercedes?’, ‘Mom, why do we live in an old house?’, etc.… Such questions are hard to answer as your kids aren’t yet exposed to the realities of life. Perhaps they are too young to understand financial matters or money-related issues. It’s essential always to keep the lines of communication open between you and your children. You never want them to be afraid to ask you questions, even the tough ones.  When these arise, change their perspective. Even from an early age, children can be taught that things are just things and are not an accurate representation of what family means. Check out America's Best Bookkeepers

Family Finances – What and How They Should Be Told?

Most kids below the age of 5 are understandably clueless about money. It is a change in approach, attitude, and belief that has encouraged parents to let their kids know about money matters in a family. However, different parents and even child experts bear different perspectives regarding this matter. Some argue that children should never be told about how much you earn, which parent makes more, who owes money, how much you spend on different occasional activities, etc. To the extreme, some parents also believe that children should never be told about family finances or anything else regarding family earnings and spending at all.  Ultimately, of course, it is up to you how you handle the money talk.

There are times when families may find themselves stuck amid financial crises, disrupting their regular monthly budget. In certain situations, it is better to share hardships with your kids to understand why things may look a little different from time to time.

The Younger Ones

Between the ages of 2-4, young children don’t have the brainpower to understand things well. To them, money talks may sound like Chinese.  Therefore, attempting to share any financial information with them would yield no significant impact, no matter how hard you may try. Child psychologists worldwide recommend not sharing family finances or anything relating to money to children of such a young age because it is unhealthy for their brains. Check out America's Best Bookkeepers

The Older Ones

When kids get older, they understand things more thoroughly. This means that you can breathe a sigh of relief and share money-related issues with your family, especially the older kids. Older kids have the brain capacity to evaluate and understand things, which means they will better understand whether they can afford to buy a particular thing. As a parent, you need to teach your kids how to make optimal use of scarce resources to know the significance of money and savings. Sharing may be called caring, but when it comes to family finances, it should be shared with kids when the age is right—not before that!

Conclusion

Family finances are often kept private by parents because they don’t want their children to feel specific money-related pressures from an early age. However, as soon as kids grow older, they need to be told about finances to begin to understand the value and worth of hard-earned money.

 

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
teach kids money management - Complete Controller

Personal financial management is a concept of great importance, which helps an individual gain insight into their expenses while also looking at savings. Since financial management is of such a high priority, it helps to be taught in childhood. Effective financial management, learned at an early age, can become a habit that proves to be fruitful in many areas of life. Software is available for the tracking of personal finances and kids these days are technologically advanced. Similarly, kids can be taught personal financial management through easy techniques; a few of which are mentioned below:
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  • Make them familiar with cash, at first:

Young children probably do not know much about how credit cards work. Therefore, to tell them about financial perspectives at the initial level, it is necessary to make them familiar with cash and spending money on a regular basis through buying and purchasing goods. It is imperative that you work this process within the age and learning level of each child. Your toddler is not going to have the same education as your teen when it comes to schooling and that remains true when it comes to educating your children about money, budgets, spending, and financial responsibility.  The key is age appropriateness.

  • Parents, give your kids a piggy bank:

In order to teach children about personal financial management, savings must be introduced as they play a vital role at the time of crises and crucial circumstances.  For instance, parents can provide children with small piggy banks where they should be taught to put their savings. Find a penny in their pocket?  It can go in the piggy bank.  Eventually, as a parent, you can show them the value of savings.  Once they reach a certain amount, allow them to see how beneficial that can be by allowing them to get something they need or want.
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  • Make children play games related to business making:

Children can be encouraged to play games, such as monopoly, where they learn how to spend per their needs and requirements and how to keep an optimal amount for future use. Children, since birth, tend to observe and highlight important events, therefore they must be taught how to utilize or reinvest their savings in order to obtain something more fruitful and profitable.  Knowing and observing this helps the child throughout his or her life.

  • Tell children about the hard work:

It is vital that children know the value of hard work. They must be taught that money does not, unfortunately, fall from trees and that people work hard in order to earn every single penny. Teaching them this early allows them to see the importance of money and the actual use of money. Children are keen observers. Therefore, parents must be conscious while spending money in front of their children as they grasp all key concepts of these seemingly regular activities. Parents can tell children to work hard to acquire a specific amount of money by providing them small tasks at home. For instance, parents can ask children to clean their room after playing for which they will be provided with 10 cents or any other amount; this would eventually allow them to see that working hard does have its rewards.
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Final Note

Budgeting is an important part of dealing with financial operations in a household.  Children can understand the concept of personal financial management.  Bookkeeping is an important aspect of budgeting which refers to the record-keeping of all transaction which has taken place in a household.  Start simple so that they can learn to track their expenses.  From the beginning, a child can learn about the ins and outs of financial management which can provide a smooth, prosperous, and better future.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

I came from the generation that wished our high schools had offered a class in financial health – far beyond learning to balance a checkbook. When should you use credit, and when should you never use credit? What is the stock market, and what is compounding interest? When should I invest, and in what? What is diversification, and how does it protect me? Why do most divorced households have financial issues at the core of their dysfunction? What is a budget, and how should it be used? How can each person ensure their own autonomy even if they want to raise kids, travel, or be of service to their community?

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Because I did not benefit from anyone initiating these conversations about topics that ultimately shaped my financial future, I was eager to start them with my kids – my millennials. It took them until their early twenties to believe I actually knew what I was talking about, and it took an effort on my part to make the topics approachable. Parents who don’t share learning experiences with their kids tend to raise kids who don’t share learning experiences. So, I opened up about the household budget, methods for saving to purchase investments, and experiences of my own and my clients that had succeeded or failed. I also closed the pocketbook. When our children were still young, my sister and I decided that the best way to raise self-sufficient children was to let them be that way from the moment they reached adulthood. We didn’t pay for college or even a cell phone bill or car insurance, but we advised them as they learned how to do those things for themselves.

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Today, my three children have taken very different paths and have different struggles and goals related to career and finance, but they do ask for my input, and I feel comfortable giving it. My oldest will call me to brainstorm ideas about her career path, the scope of work, and compensation, while the youngest will call to talk about structuring her life so she can again travel in service for three months out of the year. Here’s the thing, remember that they are your children, separate from you. They are not your opportunity to vicariously relive your life without mistakes. So you can give them your ‘what would I do’ and leave it at that. Sometimes they will learn from your experience, and sometimes they won’t – remember that mistakes are opportunities for growth!! Don’t shame them, just teach them how to debrief and decide how they would have done it differently.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers