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    Money Beyond Belief

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  • Hello & Welcome to "Your Business Your Finance"

    I am a CPA(Singapore) and a Fellow of The Association of Chartered Certified Accountants (UK). I have 15 years experience in finance & management in multinational organisations.

    A couple of years ago, I made a mid-life career change to ..... holistic healthcare. I run my private practice in Singapore, and provide online consultations (check out my site AllswellHomeo.com), lecture and write on related subjects like Homeopathy and Flower Remedies.

    This site is my first foray into the world of Blogging / Internet Business, aimed at sharing my financial knowledge with the world and connecting with like-minded souls. I am especially passionate about teaching children the value of money.

    Please bookmark my site and join me on this exciting journey into the world of money, business and finance.

    To Your Success!

    Vimala

Sep 13 2007

Test Your Financial IQ - Children (Part 2)

Posted by: Vimal in Per$onal Finance, Kids & Money

Hope you got your child to do the 1st part of the test. Here’s the 2nd part.  Have fun!

15. What do you think your parent’s annual income is?

16. What are taxes? Name two types of taxes you have heard of. Why do we need to pay taxes?

17. What percentage of your parents income do you think is paid in income taxes?

18. Make a list of monthly bills you think your parents pay. What percentage of their income do you think they pay in each major category?

19. How much money do you think your parents spend on food for your family each month?

20. How much money do you think your parents spend on your education related expenses annually?

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Sep 12 2007

Test Your Financial IQ - Children (Part 1)

Posted by: Vimal in Per$onal Finance, Kids & Money

I will be writing about teaching children about money, how it works, myths about money, mindset around money, value of money, its place in our lives and so on.

To start off, I have put together a quick test (quiz) to see how much the child really knows about money. Although there are references to Singapore, most questions will apply to children everywhere.

Part 1 of “Test Your Financial IQ - Children”

 1. What is money? Why do we need to use money? What makes it valuable? Where do your parents get it from?

2. What are banks? Name two banks in Singapore.

3. Where do your parents do their banking? Ask your parents why they chose this particular bank.

4. When and why do people pay interest? How do you earn or receive it?

5. What is a credit card? How does it work?

Read the rest of this entry »

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