Innovative ways to make children learn about Money

Money Management for Kids

I recently thought about teaching some saving habits to my child. Many learning toys are available in the market which teaches about money. I took leaves out of the book of my father and bought some money management games and toys for my Kid. I want to share that briefly with all of you in this post.

Piggy Bank and some innovative Products which teach Children money management

The best way to instill saving habit is to have a piggy bank. I used to have a piggy bank made of clay. I painted it myself and it still is there at my home in my Father’s locker. It still has coins, though have become more of a coin collection now.

There are many innovations done with piggy banks. They are like accounts which tell you the amount of money contained. One day while I was surfing the net I came across a really nice innovation an ATM machine for kids. I immediately ordered it.


 Monopoly the game teaching Buying and Selling

This game was another. I used to love playing this game. Every weekend friends would gather and it would last 4 hours. I learnt how to do business playing this game. It was a great help in developing the business acumen.

There are some nice games on Android platform as well. Take a look at this one.


5 Critical Factors affecting your Credit Score

Credit Score

Credit Score is very important for financial health. Persons with great scores are chased by companies for funds, while those with medium or low scores will find it hard to finance their projects. There are five critical factors that affect your credit score. They are

  1. History of payments – This is the most important factor for credit score. It applies to all bills payments history. It is a factor that measures how well you repay the money lent.It also considers (A) How late the payments were? (B) Have your name gone to collections? (C) Did you file bankruptcy? The impact factor is 35%.
  2. Used Credit – This is the second most important factor in credit score. You should not use up all credit available or not use it at all. Extremes give bad score. The best option is to use some credit and pay on time. The impact factor is 30%.
  3. Number of years of Credit – The longer the credit history the better it is. If it does not have any negative things like no-payments. The impact factor is 15%.
  4. New Credit – How many new loans have you taken? You should take one loan at a time to be in the good list. The impact factor is 10%.
  5. Credit Mix – Taking only one type of credit affects your credit score negatively. So while taking loans do not take two loans of the same kind.

How does Job Dissatisfaction affect the organization?


Employee Dissatisfaction and effect on Organization

The employee is a cog in the wheel represented by the organization. The satisfied employee builds a positive image of the organization and improves the performance of the organization and similarly a dissatisfied employee brings with him negativity which can harm not only him but others as well.Dissatisfaction leads to actions which not only hampers his personal performance but also affects the work of others and pulls down the performance of the organization. The employee might ignore work leading to lower productivity.

So the performance of an individual depends on the fact whether he/she  is satisfied/ dissatisfied.

Satisfaction and Productivity

At the individual level Productivity leads to satisfaction rather than satisfaction leading to productivity.However if we move to the organizational level the relation is reversed that is now satisfaction leads to more productive organizations.

Hence it might be concluded that happy worker may or may not be productive but  happy organizations are more productive.

Satisfaction and Absenteeism

There is a consistent negative relation between satisfaction and absenteeism.

Generally in organization there is penalty for absenteeism which is seen as hampering work. However a satisfied employee would not like to miss work and would result in better attendance with less absenteeism. He would love to go to work and do his work. Only thing that changes that is he should love his job.

So what is important, is it happy workers or a happy organization.The answer may be to create challenging environment, supportive conditions and colleagues to make the employee satisfied because he/she directly affects the Organizational performance.

Salaries depreciating Inflation killing


When I talk to international friends everybody seems to be reporting the same sticky situation. They’re working the same amount (even sometimes piling on the overtime) and yet, as they watch the costs of living and prices of products steadily creep upwards year after year, they are not seeing this raise in costs reflected in their salaries. In fact, in many developed Western countries, salaries seem to be stagnating and entirely static.

Australia is no exception. Alongside an unexpected rise in unemployment, it seems that we’re also experiencing a stagnation of wages. It blows my mind that this can be allowed to happen and seems incredibly insidious. The powers that be think it’s fine to cement and lock ourselves into this routine which sees prices rise but wages die. And then have the nerve to tell us it’s in the name of recovering and improving the economy which they seem to think will miraculously bounce back despite resources dwindling and consumption of goods causing more pollution and waste year after year.

I found a short term solution which I’ll tentatively talk about here. I say tentatively because we all know the dangers of using these sorts of websites, but Ferratum  is a website I’ve used and can recommend first hand. Most people have difficulties making it to the end of the month on their meager salaries and this website can make that gloomy prospect seem much more lighter. Offering easy and immediate loans, used infrequently and with a little caution, Ferratum can be a real life saver.


Insurgents are coming on March 20th

The much awaited sequel to divergent is out. It is the second in the trilogy, based on sci-fi adventure series by Veronica Roth. The new trailer showcases the “Divergent” universe. For lovers of the sci-fi genre and those who liked “Divergent”, this is going to be another edge of the seat experience.

The recently released trailer increases the curiosity. The trailer features the main protagonist “Tris” (Shailene Woodley). There is a significant change in how “Tris” looks in the sequel. A short crop makes her character look weirder. The scene in the trailer features “Tris” watched over by her nemesis “Jeanine” (Kate Winslet). Tris’s back connected to several tubes. She tries hard to free herself from the tubes, and succeeds.




Jumping out of the glass case she breaks it and jumps at Jeanine. But she realizes soon that it is not real. The wryly smiling Jeanine just dissolves into digital bricks.  Tris is thrown into an exploding virtual world. She falls to the ground in a Superman like thud. The words showing up in the back ground “IS THE ONE” makes it more intrigued. It puts a thought in your mind “What is the meaning?”

The poster of the movie shows Tris and Four (Theo James) in an amazing stand up and falling down posture. The shattered glass adds to the specter. Will Tris be able to avenge the death of her mother and father? How is she going to defeat the shape shifting Jeanine? What is the role “Four” will play? These are just a few questions racking your brains.

If you want to know the answers, watch the full movie on March 20th. Remember to book your tickets in advance.


Are Children Prepared for Future Tech?


Rapidly changing tech means a rapidly changing economy. Just look at it through the prism of history to garner a better understanding. Imagine how the railroad industry started to quickly decline and suffer with the advent of the automobile. The UK wasn’t exactly a pioneering force in the automobile, but it didn’t take long for this relatively small country to become almost completely dependent on cars. This is basically what’s happening now with tech.

There’s a robot or some automated program that can do a lot of the jobs that used to be reserved for labourers. Now, this might be a good thing in the grand scheme, but it’s a bad thing for kids leaving school and looking for starter jobs in the workforce. There are far fewer available today than yesteryear, and there will be far fewer available in the future.

Children coming out of school today seem to be ill prepared to tackle the rigorously changing climate. Because while tech has changed and evolved, curriculum really hasn’t. We’re still teaching very basic science, and just enough math to get by. What we’re going to need going forward are higher standards on premium education in order to prepare our kids.

Economics of Terrorism

I think many people would be surprised to hear the fact that the economy of terror is the fastest growing economy in the world. Modern terrorism, the international response and the sophisticated technology associated with terrorism and retaliation to the same has managed to give the criminal economy a boost unlike one we have ever seen before.

It is no surprise that the economy of terrorism is associated with the economy of crime. Combined, the two are worth about 5% of the world’s GDP- that is a larger share than many countries. The second world war, combined with the state sponsored technical advances and espionage promoted during the Cold War had a huge impact on privatization of many spheres of life. The power vacuum left by the end of the world war also promoted increased privatization of terrorist organizations around the world.

Economy of Terrorism

It’s interesting to see just how the modern economy has helped shape terrorism as we know it and how the east and the west have been interacting over the past few years, especially as far as the finances behind terrorism is concerned. This is an angle that might help understand terrorism in a manner that will let us eliminate it once and for all.

No Education, No Prosperity

In an earlier post I have already discussed the role of schools and teachers in our lives. What bugs me today is the way the Australian government treats our university system at the moment. Taking their cues from the Gillard government and pushing it as far as they can, the Abbott government has withheld hundreds of millions dollars from our public universities.

Apart from the fact that this seems very likely to turn out as an illegal act and they will have to eventually pay this money out, I really don’t understand the rational of cutting funding from our education system. We live in the 21st century where more and more well-paid jobs depend on the high level skills of workers. And we all know that only well-paid workers can consume, buy houses and cars, invest in services and good and, thus, keep a vital part of our economy alive.

Universities are vital for our economy

As universities need to keep their teaching and research up and running, they will naturally turn to the only other source of finances they have: their students. And the government’s move to deregulate universities fees shows that this is actually intended. This means that, for instance, engineering students might look at $120k debt at the end of their studies. And this hike in fees will not come with better teaching quality as universities are only working to keeping their status quo. How many young people will this deter from even entering the university and, thus, stay formally untrained after school? I dread to think!

Sexism and the workplace

This week I have read a report about sexism in the workplace and how it is influencing young women on career paths. The report says that in 1000 women interviewed nearly half actually think that sexism is on the rise. Unfortunately this perspective is also affecting the career choices that are being made; very few young women are looking towards leadership or politics as their chosen career. This will have a knock on effect for the country as fewer women will be available to influence the policies and choices for the country, in my view a very sad loss and one that is a cause for concern. How can we be a leading forward thinking nation when more than half of our female inhabitants are not represented?Sexism reports shocks organisers Plan International

One hope for Australia is a lady who this week was awarded the Australian Financial Review’s Women of Influence Award for 2014.. The award went to Elizabeth Broderick, who is currently the Sex Discrimination Commissioner. One of the judges said “She created a whole new agenda around the way we think about women in leadership. Previously I think it had been seen as a bit of a women’s issue,” he said about her work making men central to change. “Rather than that her her to influence the young women who so need her as the role model she surely is. just arguing from one side and being an antagonist, she brought both sides of the debate together and got them working in the same direction. I think it’s been incredible.” Now all we all have to hope that her influence will extend to those young women who feel there is a limited career path for them.Elizabeth broderick, Sex Discrimination Commissioner wins award

Empathy Economics

It’s a question that is constantly on my mind. How can the people making the decisions which affect so many people every hope to empathise with them all? As humans we are evolved to be able to handle social groups of 100-150 people. This is a phenomenon known as Dunbar’s number which looks at the size of primate brains to predict their social group size. This means that in larger groups, our ability to empathise and see the other members as human is SIGNIFICANTLY diminished. So, when we’re considering the people running the show – who are they surrounded with? More people like themselves. They constantly fraternize and bond with other rich people, business owners, influential tycoons and corporate leaders. If their allocation of people is filled up by this kind of class, how can they ever hope to adequately govern and manage the lives of people who DON’T fit in this social class? This is why it’s so reassuring to read about Senator John Madigan criticising the budget for lacking ‘logic, heart, vision, transparency and hope.’ It’s an admirable list, and precisely the qualities people are going to be needing when the economy could be facing even tougher times. I’d just like to see people of more humble, humanitarian bents running things and making these all important decisions. Is it too much to ask?