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22 maskmatters.org FALL - V9 -{DID YOU KNOW?} Teens need about 8 to 10 hours of sleep each night to function best.
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Needs vs. Wants. Kids must
prioritize their wants and needs. It’s
important to differentiate between
what they require for survival (water,
shelter, clothing) and what they desire to
have (digital devices). This will allow them to
become more conscious of how they spend
their money. When you’re shopping together,
use real-life applications and examples.2
Budget. Sit down with your child
and show them your electricity bill.
Explain how you have to set aside
money for specific taxes. Teach your
kids how to budget their money so they
learn how far their money will actually go.
Use a budget chart which will give your
child a visual hands-on experience.3
Saving and investing. It’s never
too early to start learning how to
save money. Saving early can come in
handy in cases of emergencies, saving
for college, and investing in their retirement.TAKE 5
FIVE MONEY TIPS TO
TEACH YOUR CHILDRENWhile children learn about
English, math and science,
many aren’t being taught basic
life skills like cooking, cleaning,
or even managing finances.
It’s important for children to
understand financial skills,
including how to create a
budget, calculate a tip, and how
taxes work. Here are five money
tips to get your kids started on
the right financial path.ourselves and having emotional self-control is
a key competency for building emotional
intelligence.”- Sleep builds empathy. “There are
regions of the brain whose job is to read and
decode the meaning of emotional signals,
especially in faces,” Kivel explains. “It is
these regions of the brain that REM sleep
recalibrates at night. When we deprive
ourselves of this dream state REM sleep,
facial expressions become distorted, causing
us to confuse a friendly expression with
anger or frustration. Our ability to recognize
different emotions through facial expressions
is one way that we develop empathy. Facial
expressions communicate the emotions and
intent of another person. Our response can be
T
here’s no question that getting a
good night’s sleep makes us feel
great, physically and mentally. But
at least eight hours of sleep each night is
also key to building emotional intelligence.
In her article “How Sleep Primes
the Brain for Emotional Intelligence,”
professional life coach Sarah Kivel
describes three ways sleeps helps build
emotional intelligence:- Sleep helps us manage our
emotions. Lack of sleep can cause people
to be grumpy, Kivel says. “Parents of young
children experience this all the time. We
see it in the workplace when an ‘angry’
boss might snap at and lose patience with
an employee. A sleep-deprived doctor
can come across as impatient and having
poor bedside manners. This is not an
effective way to build strong relationships
and improve connections. Managing
influenced by the expressions of another.”- Sleep sparks creativity. “Being
able to handle change and adapt to new
situations with fresh ideas or innovative
approaches is another key competency in
building emotional intelligence,” says Kivel.
“This is especially true after a full night of
rich, dream-state REM sleep. One study
showed problem-solving abilities increased
by 15 to 35 percent. A full night of dream-
induced REM sleep also revealed an ease in
problem-solving. When we are in our dream
state, our mind can process a wide range of
stored information and come up with multiple
solutions for complicated problems.”
Source: Key Step MediaSLEEP
& EMOTIONAL
INTELLIGENCE
Use apps like iAllowance or Savings Spree
that help keep an account of their money
and accruing interest. Discuss the long-term
effects of acquiring debt.4
Credit and debit cards. Explain
to your child the digitized way
of keeping money. Be sure they
understand the differences between
debit and credit cards, how ATMs dispense
money, and that credit cards charge interest
and require you to make monthly payments.5
Bargain shop. Teach your child the
value of using coupons. Check grocery
or retail stores to see who has the best
prices. Now that many platforms are
digital, it’s simple to compare costs and find
the best deals online. When shopping, make
a list (and stick to it) to help keep you from
purchasing unnecessary items. This will teach
children to think before buying.Source: Personal Finance Guidez
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