Part 2: Baby Bonus Boosters
The truth is, having a baby can be expensive. And some parents do think twice before having one. But most parents too, will come to realise that the joy of having a baby far outweighs the pains of bearing the financial costs. Having a child is an emotional asset, not a financial burden.
In the second part of ‘Raising A Money-Smart Child’ E-book series, Certified Financial Planner Joanne Lai, who specialises in comprehensive financial planning, addresses the following concerns:
- What are the initial costs involved when you have a baby?
- Are you fully optimising your parenthood benefits?
To read the full article, download Part 2 of our E-book here.
This is the second part of our eBook series: How To Raise A Money-Smart Child, brought to you by The New Age Parents and Jopez Academy.
Workshop for parents: It is possible to manage and generate a passive income stream of more than five figures through investments, dividends and rental income. Want to learn more on how you can offset your baby’s expenses? Sign up for the upcoming Baby Bonus Booster course here.
Part 1: Starting with the Right Attitude
When does a child start to form financial habits?
A study by Cambridge University suggests that most children are able to grasp basic money concepts and form “core behaviours” by age seven. It theorised that a child’s ability to manage complex financial and other issues were greatly influenced by their early experiences provided by their parents.
Experiences such as learning how to plan ahead, how to reflect, and how to regulate their emotions played a major role in encouraging constructive financial behaviour as children grow up.
In the first part of ‘Raising A Money-Smart Child’ E-book series, TNAP speaks to Ms. Jovin Tan, Wealth Management Advisor. As a young mother of two, Jovin shares her insights on how we can influence our children to be financially smart.
To read the full interview, download Part 1 of our E-book here.
Start teaching your child money management today!
Receive complimentary set of money jars at www.jopezacademy.com/mjars (only available to the first 50 sign-ups)
This is the first part of our eBook series: How To Raise A Money-Smart Child, brought to you by The New Age Parents and Jopez Academy.