Hill station Shimla in India

Wineglass Bay-Tasmania

Owyhee River-Idaho

Owyhee River, Idaho

Photograph by Michael Melford

Owyhee River, Owyhee River Wilderness, Idaho
120 miles protected in Oregon since 1984 and 67.2 more since 1988; 171.1 miles protected in Idaho since 2009

Waimanu Valley-Hawaii

Despite that the Waihilau Falls in  Hawaii is a wonderful sight to see, as the trailing water perfectly flows through a steep cliff that’s covered in lush and green vegetation, it may be a bit of a challenge for tourists to see as the path is not that accessible. Ironically, this is also the reason why the said water system is serene and virgin in the most literal sense, not being too exposed to the foreign eye. Aside from being pristine and pure, Waihilau Falls, which has a height of over 2,600 feet, is one of the many places created in the lava flow of historic volcanoes, particularly the Kohala Volcano, which is actually extinct today. Once you make it over the treacherous path, you will also see other three waterfalls as consolation to your hard work and patience: Wai’ilikahi Falls, Kakaauki Falls, and Lahomene Falls.

Teach Children the Value Of Investing

Once your child has learned how to save money to achieve his or her goals, it’s time to talk about how to earn money through interest accumulation. Learning about the benefits of compound interest should encourage children to invest their money in income-producing securities.
A good first step to moving from the piggy bank to the stock market is a simple savings account. As your child’s savings grow with money from paper routes, babysitting, or other first jobs, you may want to introduce other investment vehicles, such as mutual funds.
Consider opening a custodial account for your child under the Uniform Gift to Minors Act (UGMA) or the Uniform Transfer to Minors Act (UTMA), or start a matching program, similar to a 401(k) plan where you match every dollar your child invests.
Don’t forget that it’s important to educate children that there is market risk involved when investing in mutual funds, including possible loss of principal.

Give Your Child Ways to Earn Money

Saving is an act of responsibility. It takes focus and determination, but most importantly it takes currency. If your child is under the legal working age, give them responsibilities around the house that will allow them to earn and save some money -  something outside of their daily chores such as helping you cook dinner, water the garden, wash the car, etc.  For younger children, tasks can be simple, such as feeding the family pet, getting the mail, or helping put away groceries.

Give Kids a Structured Allowance to save Money

Giving kids an allowance is a time-honored tradition, but you can help your kids learn valuable money saving skills by insisting that a certain portion of their allowance be saved, while the rest is available for spending. When the habit of automatically setting some money aside is established early, the concept of saving as an adult isn’t so difficult to wrestle with. This also simulates the experience of paying bills and managing expenses, making that experience a less traumatic one than it would be if those lessons were learned in young adulthood.