Showing posts with label Children's Education. Show all posts
Showing posts with label Children's Education. Show all posts

Saving For Children's Education

One of the most common financial goals that couples have is to save money for their children's education, whether that be at a private school or a tertiary institution. Saving for this purpose is no different than saving for any other goal in life, yet there is a common misperception that funds need to be set aside separately or even in the child's name for this purpose. That can lead to a lower rate of investment return in some cases.

If you are going to save for your children's education, then you're probably looking at saving tens of thousands of dollars and it will take a number of years to get to that target.

That means starting when the child is young - in fact, probably at the preschool age. Anybody with preschoolers most probably has a mortgage. With mortgage interest rates being so high, the best place to put your money is into your mortgage to keep the interest payments down. If, for example, you are paying say 7.0% interest on your mortgage you would need to earn at least 7.0% after tax on an investment to make it worthwhile investing and not paying your mortgage. So pay off your debt as fast as you can, and then remortgage later if your still really want to help your kids. If you have grandchildren that you wish to provide for, the situation may be a little different. You probably won't have a mortgage and you may wish to make funds available that are clearly earmarked for your grandchildren and clearly specified to be used only for education costs. A good way of achieving these objectives is to set up an education trust. This can be done through a solicitor or trustee company. There will be a fee involved to establish and maintain the trust, but there will be safeguards in place to ensure that the funds are used for the purpose you intend. An education trust can be particularly useful in certain situations, for example, where there is a relationship breakdown between parents and a parent or grandparent wishes to make funds available without the risk of the money being used for a different purpose. An education trust can also be used where funds might be at risk of a possible future claim by business creditors.

There are specialist funds available that offer educational scholarships. The idea is that you contribute a regular amount into the fund and, if your child attends a tertiary institution there is a scholarship payable. Such funds need to be looked at carefully in terms of the likelihood of your child attending a tertiary institution and, in the event they do, the value of the scholarship in relation to the funds invested.

Liz Koh is a financial planner and the author of the best selling book - Your Money Personality: Unlock the Secret to a Rich and Happy Life, Awa Press, 2008, available from http://www.awapress.com.

For Liz's best tips for financial security, visit her website http://www.moneymaxcoach.com to receive your free e-book "8 Steps to Financial Freedom".

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Donation For Children's Education and Their Welfare

Children are the face of god. Their innocent smiles win our hearts and this innocence should be nurtured and not wasted away in the harshness of life. But to think of reality, million of children in India are deprived of a normal childhood, they are forced to set out on the footpath streets begging for a rupee or two. A number of these underprivileged children are thrown into early labor and the bitter ways of earning. They do not need our sympathetic looks but a simple encouraging help. You can help those children, the victims of harsh destiny by donating to charity homes or institution spread across the country.

A single rupee from your pockets can bring a vital change in their lives. The funds donated can be utilized in child development education. A number of NGO and charity homes have mushroomed across the cities and towns and these work hand in hand to promote child welfare and weed out the social evils which have clutched the future of India, the children of India. There are many good charities out there, the need is to do a little research to find them and stretch out a helping hand as your helping hands will guide these children to a bright future. One need not go hunting for the charities, the information is available online and even easier, one can donate online too.

The internet has grown tremendously over the years and it is today, the most powerful tool one can use to help donating to charity and thus, aid in the education and welfare of impoverished children. However, the donors should also be vigil enough to search amongst the many, many charities which are out there and ready to exploit the good will of people. You can take the help of many websites and thus, keep yourself from being fooled by the schemers. A list of guidelines will help you decide the charity you would want to give a donation to. And yes, while donating for charity always make sure that you donate it only to the charities you are familiar with. A number of known and popular charities like Plan India and many others are available online with all their information and guidelines. In case of other charities not so familiar to you, always check their details at your state or local government offices.

Do not give out your information to anyone asking for donations through e-mails; especially if you have not asked for any solicitation as a good chance lies for it to be fraudulent. Always explore well before making donation for children and check the financial records of the charity that asks you to donate. Concentrating on child welfare India has also taken crucial steps wherein the donations from the public are directed to child development education. National charities and the reputed charities let the donors know, where their donated money really goes. Therefore, research well and then bless the impoverished children towards a developed future.

Naval K Sharma is an expert writer working with organizations which provide child development education, Help Girl Child, Sponsor a Child Charity, donating to charity and help child welfare India.

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Children's Education: On the Benefits of Games and Educational Toys

There are a lot of factors that can greatly affect the development of children. Some people might think that games and toys don't have anything to do with this but it actually has some purpose. There should always be a balance between study and play. Both should not be deprived to a child. Toys and games can be a way for kids to be developed and learn other than providing entertainment. Actually, letting kids play with the right type of toys and games can provide them with a foundation in their education. At their early age, you can give them a good start.

The values toys and games provide are almost similar with other. This is even though there are a lot of play things that are available for your child in the market. By nature many children are curious. When parents are able to provide them with the right toys to play with, the kids can keep their interest the whole day. If this is not done so, on the other hand, they may likely look for a way to amuse their self thus they may end up cluttering or even destroying some important things at home. They may even be subject to accidents, so it is always good to keep things that might cause this.

One of the best ways to keep children from doing this is to provide them with toys to play with. Educational toys are some of the items that can be given to children. Here are some of the benefits that can be acquired from it.

The common benefit is that kids can enjoy and have fun from playing. When a child enjoys a toy or a game, he will keep playing with it. As parents, you should remember that in choosing a toy for your child, the enjoyment the kid may get should be considered. Also, you might consider toys that get his interest.

Motor and cognitive skills are likely to be developed. Puzzles and number games are some of the toys that have the ability to provide this. A kid's cognitive skills can be developed because of the fact that he will find ways on how to complete a puzzle. As for the motor skills, it can be developed because the coordination of the eyes and hands will be needed in solving a jigsaw puzzle.

Kids can also develop their creativity through the right type of toys. Their reasoning and perception can likely be developed. Toys like LEGO can develop their creativity for they can be able to come up with a certain image in their mind. This is a good thing to provide kids at an early age. Because of this, they can be ready to face the common things to meet when they start to study.

Social and emotional development is also likely to be developed through toys and games. This is true especially for group games. Kids will be able to meet new people and as they interact with them, they can create new friends. When they win or lose, their emotional aspects are affected.

These are just some of the benefits that can be acquired from toys and games.

Melody Andes enjoys writing for Sensoryedge.com which sells classroom rugs and kids sleeping bags as well as a host of additional products.

Is It Still Worth Saving for Children's Education?

The system for paying university tuition fees is changing just as the new Junior ISA is coming in. But does the change in tuition fees mean that one of the main reasons parents save for their children, to pay for higher education, is no longer worth doing?

Tuition Fees Currently

Current tuition fees are set at £3,375 a year, and the majority of university students pay this amount. A student loan can be taken out to pay for this or it can be paid up front, either by the student or their family.

How Student Loans Currently Work

Students are able to borrow money from the Student Loan Company to pay for tuition fees and living costs, with the amount they can borrow dependant on their circumstances. This starts to be paid back once they have graduated and are earning over £15,000 a year. Beyond £15,000 they pay 9% of their earnings towards repayments of the student loan with this automatically coming out through the tax system each time they get paid. Someone earning £20,000 a year, for example, will pay back £450 each year (or £37.50 each month). It is effectively like paying 9% extra in income tax and it is paid until the loan is fully paid off. If a graduate's earnings fall below £15,000 they don't have to pay anything until it rises above this again.

Tuition Fees from 2012

There has been much controversy over the changes that will be coming in for students starting university from 2012. Fees will no longer be the same for everyone, with universities having more choice and being able to vary it between different courses. Universities will be able to charge a maximum of £9,000 a year, which will be £27,000 for a three-year course.

Student Loans from 2012

As well as changes in the cost of tuition fees, there will be changes in how they are paid for by students. The loan system will still exist but with some slight changes. Every student will need to take the money out in the form of a student loan and will not be able to pay it upfront. This has been done to avoid the argument of it being more affordable to those from wealthy backgrounds. The student loan will still be paid back in the same way but there will be a higher income threshold before it has to be paid back. Nothing will need to be paid back until graduates earn over £21,000, £6,000 more than is currently the case. Whatever a graduate earns, they will therefore be paying back less that if earning the same amount under the current system. The downside is that they will be paying it back over a longer period because they will start paying it later and will have borrowed more. If it is not paid back after thirty years the debt will be written off. The argument is that those who are paying it back will be those earning enough to be able to afford it.

Until now the emphasis has often been on parents to help their children pay their tuition fees. This will no longer be possible when the changes come in because everyone will need to take out a student loan.

Saving for Children

Many parents have chosen to save for their children's education. Do the changes mean that this was a waste, and will it be pointless for families in future?

The answer to this is no. It will still be a great helping hand as the cost of higher education is not just tuition fees but living costs. For example accommodation, food and bills all need to be paid for. This means savings for children could be just as much of a help as it is now. This will make the new Junior ISA attractive to many parents.

Andrew Marshall ©

Jump Savings will be offering Junior ISA accounts.

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Parent's Involvement in Children's Education

The importance of parental involvement as an accelerating and motivating factor in their children’s education is a worldwide-accepted fact. This research project provides an in depth explanation along with specific reasons, the importance of parents’ involvement in their children’s education. It also discusses the parenting techniques, their types and their consequences if neglected. It also describes the ways to measure the outcome of the positive parental involvement. Furthermore, it mentions the teachers involvement and the difficulties faced by the teachers in getting parents involved in their children’s (this is further supported by the examples of two teachers who with their deliberate efforts won the parents over to devote their maximum attention towards their children), single-parent involvement, children’s own efforts to improve their academic levels and joint home-school based interventions. A detailed analysis of the different main ideas is given, based on the findings from other research surveys and projects.

INTRODUCTION:

Parental involvement can be seen to fall into three types: 1) Behavioral, 2) Intellectual and 3) Personal. The research explores the effect of multi-dimensional participation of parents and the resulting progress of children in their studies when different parental resources were dedicated to them. Actively participating parents help their children in their academic development by going to schools and participating in open houses. By keenly observing the behavior of their children they can rightly judge the kind of behavior or the allocation of resources required by their children. Such caring parents can also motivate teachers to become more attentive towards a particular student, thus maintaining the cycle of parent-teacher involvement. Encourage Building up cognitive and perception abilities in a child is a major concern in the upbringing of the child. The way the parents involve their children in cognitive learning is by exposing them to different cognitively stimulating activities and materials such as books, electronic media and current events at home. This helps the child to practice all sorts of language comprehending skills at the school. The results show a remarkably positive behavior at the school and with peers.

Two parenting processes namely the Supportive Parenting (SP) and Harsh Parenting (HP) helped a lot in the research of parental involvement in their children’s education. By adjusting the levels of supportive parenting, different levels of successful outcomes were observed. Supportive parenting in even kindergarten students yielded positive results. Four measures of supportive parenting were used in the study, they were:

1. Proactive teaching.

2. Calm discussion in disciplinary encounters.

3. Warmth.

4. Interest and involvement in peer activities.

The assessments were conducted when children entered kindergarten and when they reached grade 6. There was a factor noted to hinder children’s development: family adversity. It was the result of a multipurpose negative process that included the risk of low socio-economic status, single-parenting and family stress. Child maladjustments were found to be more common in families with such adversities. No matter how much negative impacts were cast, SP was found to overcome the risks associated with family adversity. SP was strongly related to adjustment procedures in grade 6 children who had single parent family or experienced low socio-economic status (SES) in their early childhood.

In a way to socialize their children, parents adopted the techniques of calm discussion and proactive teaching. They helped lessen the behavioral problems by carrying long discussions with their children, cultivating in them a sense of respect, calmness and peace of mind. Mothers also participated actively in reducing the peer stress among their children. It is also a widely accepted fact that supportive parenting plays an important role in the children’s development of empathy, prosocial behavior and emotional competence. On the negative side, the absence of supportive parenting may be related to the development of internal problems such as anxiety and depression.

Lack of the necessary parental care and attention is the main factor for the subsequent rise in the percentage of juvenile delinquency (crime among children). The absence of parental instructions causes children to develop irreversible behavioral and emotional problems. They in order to seek attention, resort to crimes thinking that in this way they could fulfill their wishes. They may revert to uncontrolled violence if not kept an eye upon. Such criminal activities cannot be brought to a halt until their distressing symptoms of low self-esteem, depression, dysphonic mood, tension and worries, and other disturbances are relieved. And the importance of parents’ role in this regard cannot be over-emphasized.

In an effort to describe parental involvement, many researchers use a term “Transition”(Lombardi, Joan). “Transition” is used to describe the time period in which children move from home to school, from school to after school activities, from one activity to another within a pre-school, or from pre-school to kindergarten. The untiring endeavors of teachers in the phenomenon of transition cannot be ignored. They prepared the children and their parents to face the problems of adjusting to elementary school programs that had different psychology, teaching styles and structure than the programs offered at the kindergarten level. In the elementary level schools the teachers had to face serious challenges in motivating the parents to take interest in their children’s activities. The teachers adopted different methods to involve the parents in day-to-day classroom and home activities. They used to send notes, invitation of parent-teacher meetings, invitation of parental guidance sessions and training sessions, continuously directing the parent’s attention towards their children. Patricia Brown Clark suggests that it is very important to keep the line of communication between teachers and parents open, so that the parents can interact with the teachers and get up to date information of their children’s school activities. One way to involve parents is to schedule school events and arranging classroom activities such as volunteering for libraries, acting as classroom aides or efficiently organizing lunch breaks. The teachers also opt for making phone calls at the children’s houses to keep in touch with the parents and getting to know the extent to which they are contributing towards the welfare of their children. Apart from the above activities, the teachers also assign home activities for both the parents and their children so that the parents remain indulged in their children and the children get to study at home. However, it was a bad and disappointing experience for the teachers when many of the parents failed to respond as expected. Many of the parents were so overwhelmed with their official work that they could hardly take out some time for their beloved children.

Moreover, for some parents their schoolings were not positive and character-boosting experiences, therefore they preferred to keep a distance from their children’s school as well. This made it really difficult and at times impossible for teachers to bring the parental involvement to the desired level. Nevertheless, the activities of two teachers proved greatly fruitful in making parents involved in their children. They were Carlos Valdez, an art teacher and 8th grade class sponsor, and Mike Hogan, the school’s band director. They did it by involving parents in music festivals and other school ceremonies. They proved to be great examples for the future teachers to come.

If the children’s academic development programs are to prove successful they must share two characteristics:

1) Developmentally appropriate practice:

A child’s academic progress is clearly reflected by the appropriate practice he/she administers while in school life. During transitions from pre-school to kindergarten, a child if given the exact developmentally appropriate practice tends to learn a great deal of language and playing skills. He develops a keen interest in exploring his environments and interacting (without hesitation) with his adults.

2) Supportive services:

These include the assistance that the school provides to low-income family students. The services include health care, childcare and community care. This strengthens the relation between school and children and creates a sense of security and confidence among the children. They get to learn that their communities are a part of their school since the school’s supportive services strive to help community development.

It is commonly believed that children are good self-teachers. Their self-initiated strategies help improve their expression, creativity, intellectual capabilities and extra-curricular skills. This idea is proved by the documentation of young children’s work provided by Reggio Emilia :

“The Reggio Emilia educators highlight young children’s amazing capabilities and indicate that it is through the unity of thinking and feeling that young children can explore their world, represent their ideas, and communicate with others at their highest level.”(Edwards, Pope. C, Springate, Wright.K)

The climax rests in the fact that how the parents would know that their sincere involvements are really proving worthwhile for their children. The answer lies in the attitude of the children. The degree of parental involvement can be judged by a child’s attitude towards his school subjects, his academic desires and achievements. There is a direct relationship between academic achievements and the attitude towards school. Schunk in 1981 had the following idea of aspiration or academic desires:

“Level of aspiration is defined as one’s subjective probability that he or she will reach a certain level of education.”(Abu, H. & Maher, M)

As a result children who received adequate parental concern were found to be much more confident in their academic desires and achievements than those who could not get the right amount of parental concern.
The individual involvement of mothers and fathers also plays a vital role in the behavioral development of a child. Students from one-parent household were observed to show less positive attitude towards schools and studies as compared to students from two-parent households. One study aimed at investigating parental concern showed that despite mothers’ sincere endeavors, the role of fathers could not be ignored and both served as an important foundation for the future progress of the child. This can be proved from the following fact:

According to a recent report from the National Center for Educational Statistics (1997), compared to their counterparts, children with involved fathers are more likely to have participated in educational activities with their parents (e.g., to have visited a museum or a historical site with their parents in the past month), and are more likely to have access to multiple types of resources at home as well (as measured by the proportion of parents who belong to community or professional organizations, or regularly volunteer in the community). (Flouri, E. And Buchanan, A, Pg.142)

Also, the parental involvement has been discussed and implemented in terms of interventions or prevention programs, which are nothing but safety measures taken to assure healthy and perfect upbringing of the child. The study uses school-based and home-only intervention programs to find out the extent of intellectual capabilities found in children from different family backgrounds. The success of one school-based interventions can be proved from the following fact, which was a part of “Education Service Improvement Plan 2001-2005” of Edinburgh:

----The Scottish Executive Discipline Task Force, which studied the causes of poor behavior among pupils in schools produced a report of 'Better Behavior - Better Learning' in June 2001. The report included 36 recommendations for action, which were then turned into an Action Plan in 2002. Many of these have implications for the Education Authority. (Craig Millar Instep Project)

References

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An Empirical Evaluation of School-Based Prevention Programs that Involve Parents. Oklahoma State University and, Michigan State University, copyright, Wiley Periodicals, Psychology in the Schools, Vol. 40 (6), pages 641-656

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