Archive for improve financial literacy

Making New Year’s Resolutions as a Family

The start of the new year signifies a time for new opportunities, goals, and reflection. While people usually treat New Year’s resolutions as an individual initiative, it can also be beneficial to set some goals as a family. Especially if you have younger children, making resolutions together can help your kids start problem solving and identifying things they’d like to work on.

Along with helping your children work on goal setting, making resolutions as a family is a great way to strengthen your connection with each other. This can give you all something to work toward together throughout the year and allows you to hold each other accountable through consistent encouragement and support. If you’re unsure what New Year’s resolutions you should make as a family, here are a few ideas to consider.

Give Back

The holidays are known for giving back and that generous mindset is something that can be valuable year long. Giving back and serving your community is a great resolution to show your children the importance of helping others and being selfless. Volunteering in your community can not only give your family a new sense of purpose, but is also a productive way to spend quality time together.

If volunteering isn’t doable for your family’s schedule, you can also collect items for a homeless shelter or make handmade cards for the elderly or others in your community. However you decide to serve others, these efforts can help teach your children gratitude, compassion, and empathy. These experiences can also encourage them to think about different perspectives and consider other people’s unique circumstances.

Improve Financial Literacy

Especially after holiday spending, improving your finances is a New Year’s resolution that many people have for themselves. However, financial wellness and literacy can and should be a family affair. Family budgeting can be difficult, but creating a plan to improve your finances can help everyone as money has an indirect influence on most aspects of daily life. You don’t want to put any financial stress on your children, but it can be valuable to teach them about healthy financial habits that they can start early on.

For instance, if your kids receive an allowance, you can encourage them to save rather than spend and dedicate a portion toward a more long term goal. You can also gradually start covering simple yet essential topics such as budgeting, debt, loans, and other principles as your children grow up and become young adults. As they mature and start to handle money more often, you can teach them about more advanced financial practices such as how to start investing early, best practices for managing a bank account, or how credit can determine whether you can buy a house, car, or other large purchases. Although these topics may seem premature, teaching your children and teens a basic understanding of financial wellness and education is a valuable skill that can help them later on in life and set them up for financial success. These practices are helpful for adults too!

Exercise as a Family

Exercise is one of the most popular New Year’s resolutions, and for good reason. Working out and having an active lifestyle is known for reducing stress and boosting your mood which is beneficial for your whole family. While exercise takes many forms, making this goal as a family doesn’t mean you have to do strict workouts together. This could be as simple as going on walks or bike rides after school, going on family hikes, playing catch, or even joining a sports league. Depending on how old your children are, you can set different goals like training for a 5k or simply going on a walk a few times a week. Exercising regularly can help teach your children the importance of making healthy choices and taking care of their mental and physical health. No matter your age, staying active is something the whole family can enjoy and benefit from.

Spend More Quality Time Together

Between work, school, and extracurricular activities, it can be difficult to find quality time to spend together as a family. If you feel distant or lonely with your children or spouse, this is a great goal that can help you all connect. Quality time comes in many forms and can vary depending on your family’s interests and how old your children are. For instance, quality time could simply mean sitting down and having dinner together every night. Or, it could be dedicating time each week to watch a show together or having a game night.

Whatever you decide to do, make sure to unplug from technology during this time to truly be present and cherish the moment. This uninterrupted time can show your children how much you value them and can help improve your family’s overall connection and communication skills. By spending consistent quality time together, you’re giving your children an open outlet to express their emotions which can help lower the risk of behavioral issues as well.

If your children are having trouble sharing their feelings, The Imagine Project journaling tools can give them another creative way to communicate their emotions. This exercise can help children tell their stories and move through any stress or trauma they might have. You can even do these simple writing prompts together as a family as part of your quality time to learn more about each other.

Good luck,

Dianne

Dianne is the founder and CEO of The Imagine Project, Inc., a nonprofit organization that helps children K-12 (and adults) process and heal from difficult life circumstances through expressive writing. Dianne has her Masters in Psychiatric/Mental Health Nursing, has written multiple books, is an international speaker, lives outside of Denver, CO, and has 3 grown children. Learn more about The Imagine Project at www.theimagineproject.org.

 

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