‘Someone needs to help parents control their kids’ spending’

dhita yudha

The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Louise Hill, founder of GoHenry, a banking business that provides debit cards for children.

Standing on the touchline as her son played football, Louise Hill started moaning about how her kids’ spending habits were spiralling out of control.

At the time her son was eight and her daughter was 11. Louise was so frustrated by how much they were buying online that she would pin Apple invoices to the fridge door to help her kids understand why their £4 a week pocket money was now just 50p.

The two other parents she was chatting to back in 2009 had similar stories, so the conversation really struck a chord. And inspired the beginning of a business.

“One of the dads started talking about how his son had bought something on eBay, the

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Online school? In-person? How parents are making their own fall 2020 decisions as COVID-19 squabbles continue

dhita yudha

As officials play political football with K-12 school re-openings, parents such as Johanne Davis are formulating their own game plans for the fall.

“To exercise an abundance of caution, I’d like to keep my kids home with me where they’ll study online,” says Davis, a mother of three from Indian Land, South Carolina, one of countless states where COVID-19 cases have spiked in recent weeks.

“Health is the issue, not just for my children, but also school workers,” says Davis. “Teachers shouldn’t have to be frontline soldiers in this pandemic.”

Families across the nation are busy making their own calculations about whether to send children back to school. While Davis seems resolved, many parents are still mulling.

Johanne Davis, left, in a photo with her three children. Davis and her husband say they're both fortunate enough to work from home and can manage the children if they have to spend a lot of next year studying remotely. But she acknowledges that hers is a privileged position not afforded to lower-income parents grappling with child care in order to go off to work.
Johanne Davis, left, in a photo with her three children. Davis and her husband say they’re both fortunate enough to work from home and can manage the children if they have to spend
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40 Money Habits That Can Leave You Broke

dhita yudha

Big or small, some financial habits can zap a solid financial plan and leave smart savers with empty wallets. To avoid buyer’s remorse and similar guilt about neglecting your finances, you need to know what habits might be costing you extra.

In the list of things to waste money on, smartphone apps are a big one. Those $1.99 purchases seem inexpensive enough, but they can snowball — especially if you have kids who are adding to the overall purchase price or frequency.

Consider free app downloads exclusively or cap yourself and your family with a monthly app budget.

People with top-tier credit ratings qualify for the lowest finance rates when car or home shopping. Over a 30-year term, a quarter of a percentage point can add up to thousands of dollars.

Check your credit history regularly and clean up any problems as soon as they arise.

Buying wine with dinner … Read More

What Is Money?

dhita yudha

Money makes the world go around. Economies rely on the exchange of money for products and services. Economists define money, where it comes from, and what it’s worth. Here are the multifaceted characteristics of money.

Key Takeaways

  • Money is a medium of exchange; it allows people to obtain what they need to live.
  • Bartering was one way that people exchanged goods for other goods before money was created.
  • Like gold and other precious metals, money has worth because for most people it represents something valuable.
  • Fiat money is government-issued currency that is not backed by a physical commodity but by the stability of the issuing government.

Medium of Exchange

Before the development of a medium of exchange—that is, money—people would barter to obtain the goods and services they needed. Two individuals, each possessing some goods the other wanted, would enter into an agreement to trade.

Early forms of bartering, however,

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