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5 things schools won’t teach your child, but you must!

5 things schools won’t teach your child, but you must

We send our children to the best schools out there. CBSE, ISCE, IB, Cambridge … every parent aspires the best curriculum and school to ensure the overall development of their children.

The schools have successfully churned out doctors, engineers, scientists, and even sportspersons. However, one of the most important life skills is not that often touched upon is money management.

The five key drops of the money management ocean, as listed below, could be a good starting point.

  1. Budgeting: It is one of the most important skills that is better learned when children are very young. It enables children to think about the money/ resources in hand and allocate it as per priority.
  2. Spend Analysis: How much has one spent on food, shopping, entertainment, books, etc. Children do not really bother about it but if they find an avenue where they could check such insights on their expenses, it does get them excited. It also gets them thinking. They start planning their expenses in their head, thus taking the first steps towards building great money habits.
  3. Saving: The most legendary money managers on earth have advised that we save first and then spend what is remaining. These habits ought to be formed young. As a parent, do you help your child to set saving goals? Do you incentivize them if they live within a budget and save? These are small steps that go a great way in making your child a financially prudent citizen.
  4. Getting more value from money: An important lesson in money management is to make your money work as hard as you. Does your child get excited at the possibility of getting a free meal, toy, cookie etc. Encourage children to get more value from the money they use. It sows the seeds of “Savings” in their head while not compromising on the little joys of life.
  5. Digital Payments: The payments space is seeing a huge technological disruption. The mobile phone will be a ubiquitous payment device in the very near future. Children ought to be taught how to handle digital payments through their mobile devices so that they are at ease managing money independently.

Most of these things are not taught in schools. However, there is little doubt that these skills would be amongst the most important for your children when they grow up and start managing their own money.

In our fast-paced lives, such little things often find their way to the backburner. But, it’s these little things that go a long way in building a secure financial future for your children.

To take care of these little things that leave an ever-lasting impact on your children’s future, we present Slonkit to you with a lot of love.

Slonkit is India’s first money management app linked to a physical VISA card. It is powered by VISA, the world’s leading payment network and DCB Bank, India’s fastest emerging private sector bank.

Parents can order a Slonkit card for their children aged 10 and above, from the comfortable confines of their home using the Slonkit mobile app. They are not required to fill lengthy documents or create a new bank account. The card is delivered to their address within 10 days.

Once received, the entire pocket money for the month can be given to children in one-click. They can set PIN for the card and the child can use it at all shops that accept VISA card anywhere in India. The card can also be used online.

Parents can relax and receive real-time updates of where the child is spending. They can also set alerts to intervene and transfer money in a few seconds if the child runs out of money. Parents are empowered to set budgets, transaction limits etc. and usher the child into the world of great money habits.

“Is Slonkit safe”? That’s the most important question any parent would have, and rightfully so. We have ensured the best possible industry standards of safety and security. In case of any doubts, parents and children can reset their PIN anytime. Also, if the card is lost or stolen, the card can be suspended in one-click and the money on the card will be safe.

Help your children learn money management today. That’s the best gift you can give them to secure their financial future.

Download Slonkit right away. You may download from play store or you install the app from iTunes.

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5 cool things you could buy under Rs.150

Cool things to buy under 150

Have you ever wondered why you always fell short on cash whenever you plan to buy things for yourself? Maybe you were just looking for them at the wrong place, and at the wrong time. The best way to ensure that you find the best stuff at the best prices is to tag along with your siblings or older friends the next time they go out on a shopping spree. Just watch and learn. This is one assured and useful tip that we can give you. They have been through your age, seen it all, and with all their experience, they now know where to find what and how much you need to pay for it.

It’s ok if you don’t have siblings or wish to enjoy the entire shopping time by yourself. We are there for you and ready to be your ‘smart shopping’ advisor. Here’s a list of five amazing things you could buy for yourself and your besties under Rs.150.

  1. Trendy Mobile Covers

Your mobile cover says a lot about you. So, let it be as awesome as you. Just head out to your local market or check out for deals online. You could find some really good mobile covers, open to bargain.

  1. Wall Stickers

How about a superhero on your room wall, your favourite animal print or even an abstract design of your choice? Make your room cool, interesting or beautiful with easy to stick wall stickers. You can get numerous designs and prints online, starting as low as Rs.80-100.

  1. Comfy Footwear

Slippers, slip-ons, or the super comfortable velvet house-slippers that are best in every season and ideal when you just wish to put on your jammies and enjoy back-to-back episodes of your favourite TV show. You can buy any of these at your local market or at any online shopping website.

  1. Selfie-stick

Now, who doesn’t need this! After all, you are your own celebrity. You will easily find a decent quality selfie-stick for under Rs.150 at your local market or just look out for sellers on the highway or at traffic signals, the next time you travel.

  1. Sunglasses

This is one thing that everyone should have; who doesn’t need a good pair of shades. You can check out your local dealers and supermarkets, which sometimes have great discounts and offers on these.

So, here you go. The next time you have that little extra money coming from parents, those visiting relatives or as a festive gift, you already have your shopping list ready.

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Young Entrepreneurs Below 20!

Young Entreprenuer below 20!

Get inspired today

Slonkit brings to you 3 individuals who started their business very early on in life. Our motto is that as an organization we want to create awareness among today’s youth to be responsible and be financially aware by bringing financial literacy among the young and growing youngsters.

We want to inspire the young and growing generation of today in terms of teaching them how to build and manage their business. Here are 3 inspirational young figures who started their own business before the age of 20:-

Arun Santhosh Kumar

Arun Santhosh Kumar

  1. Arjun Santhosh Kumar

Arjun is the founder and CEO of LateraLogics. He is a 10th grader who attends Velammal Vidhyshram High School in Chennai. His technology company focusses on custom app and web development along with providing consulting services. This schoolpreneur has also created two apps, namely Ez School Bus Locator and iSafeGuard at the young age of 13. Both his creations have won him many awards and accolades till date.

shravan & Sanjay Kumaran

shravan & Sanjay Kumaran

  1. Shravan and Sanjay Kumaran

They are the youngest entrepreneurs of India. These two techie brothers, aged, 12 and 14 respectively have started their own app development unit called Go Dimensions in 2011. They have already built over 11 mobile apps with 35000+ downloads and slowly rising. These two inspiring youngsters set an example for everyone around us.

King siddharta

King siddharta

  1. King Sidharta

A young boy from the backward sector of Northern India decided to start organizing small events and competitions among teens. King Sidharta started this epic entrepreneurial journey along with his friends at the ripe age of 19 years and is still going head strong with his company Createens. It is a platform for young talent to learn about blogging, entrepreneurship, etc. He is also an author and speaker.

To support our goal, we also groom, train and mentor young talent to develop their life skills. Our SkYe program, commonly known as Slonkit Young Entrepreneur Programme, is a platform for young and passionate individuals. Through this programme our purpose is to teach essential life skills that are required for setting up and managing your business.

All you have to do, is to get in touch with our Slonkit team by filling out your basic information on the link on our SkYe page: – http://www.slonkit.com/slonkit/contact-page/

You can also drop us an email at slonkit4u@slonkit.com and we will get back to you within 7 business working days.

With complete support from the Slonkit team, you will learn important skills like communication, marketing, technology integration, digital marketing etc.