Common Money Mistakes To Avoid
Parents World|Issue 67

It’s never too late to get ahead of the game, especially when it comes to money-related errors which could cost you and your family.

Common Money Mistakes To Avoid

From not being adequately prepared to over-stressing about minute matters, finance can be a hassle to manage. This is especially so when you have your children’s future and well-being in mind. It’s best to start early and develop a thorough plan for every aspect of your family’s projected expenditure and needs. Here are some common money-related faux pas made by families and tips on how you can better manage your finances.

Choosing card over cash

The convenience of being able to swipe your credit card instead of constantly visiting an ATM or be bogged down by dozens of coins and crumpled notes is pretty obvious. However, paying with cash actually helps to keep the pain of paying at the back of your mind, preventing you from only thinking about the immediate benefits of your purchase. On the other hand, when you use your card to pay for purchases, you’re essentially spending money which you haven’t even obtained yet. This leads to overspending and accumulating unnecessary interest on top of your expenses.

How should finances be managed?

This story is from the Issue 67 edition of Parents World.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the Issue 67 edition of Parents World.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM PARENTS WORLDView All
Raising An Introvert In An Extroverted World
Parents World

Raising An Introvert In An Extroverted World

In a world where extroverts thrive, it is easy for introverts to feel like they do not belong. If your child is an introvert, look at how you can raise them to have an easier time fitting in.

time-read
4 mins  |
Issue 73
Acing The Primary School Registration
Parents World

Acing The Primary School Registration

Here are some tips that’ll help to smoothen the process of registering your child for primary school.

time-read
3 mins  |
Issue 71
The Power Of Pretend
Parents World

The Power Of Pretend

Your child deserves to play on her own terms. We give you the lowdown on the various ways they can do so and unleash their imagination.

time-read
5 mins  |
Issue 72
Brat In The Making?
Parents World

Brat In The Making?

No parent wants to raise a spoilt brat. Here’s what to look out for and tips to nip the problem in the bud, so your kid will learn to be on their best behaviour.

time-read
5 mins  |
Issue 72
Speed Bumps For A Second Pregnancy?
Parents World

Speed Bumps For A Second Pregnancy?

Getting pregnant a second time might feel like it should be easier, but it’s actually pretty common to struggle with it. Here’s the lowdown on this issue.

time-read
5 mins  |
Issue 71
Managing Your Income As A Work-At-Home Mum
Parents World

Managing Your Income As A Work-At-Home Mum

Balancing household expenses on a tight budget can be intimidating, but putting these simple techniques to practice will help knock this hurdle down to size.

time-read
5 mins  |
Issue 72
Food Allergies And How To Keep Them Out Of Baby's Feeding Bowl
Parents World

Food Allergies And How To Keep Them Out Of Baby's Feeding Bowl

We break down the issue of food allergies and how to keep them out of baby’s feeding bowl.

time-read
3 mins  |
Issue 72
Bowel Trouble
Parents World

Bowel Trouble

Does your child have problems going number two? We divulge tips and advice on how to get things moving along.

time-read
4 mins  |
Issue 63
The Da Vinci Code
Parents World

The Da Vinci Code

If you know what you’re looking for, your children’s drawings can be a valuable source into the inner workings of their minds.

time-read
7 mins  |
Issue 63
Family Fun Ahoy!
Parents World

Family Fun Ahoy!

Life’s a cruise onboard the Voyager of the Seas, where there’s something for everyone.

time-read
3 mins  |
Issue 63