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IRA Financial Group Blog

Summer Break – Things To Do

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In much of the world that is based on an agrarian society, it’s the end of the school year and time for summer break.

Key Points
  • Summer is coming to the northern hemisphere
  • It’s a great time to take stock
  • Set yourself up for future success

End of School

It can be time to say goodbye to cherished teachers, as students embark on the next part of their journey. Kindergarteners especially may find it difficult, after a year disrupted by COVID-19 and filled with unfamiliarities to begin with. Think about these little ones – they started school, many for the first time. They stopped school in a school building partway through the year and started learning from home. And now they’re moving up to the next level of classes with an unfamiliar teacher, and maybe unfamiliar friends.

And for high schoolers heading off to college, the change is no less abrupt. Although there may be graduation ceremonies later in the summer, they will assuredly look different than many thought they would back in September ’19. And the next step of their learning may be virtual as well, in an unfamiliar trade school or college where the coursework is strange and they are unfamiliar with many aspects of “adult” life.

Not the End of Learning

Summer break is one of those amazing opportunities to have fun learning and make learning fun. Many kids don’t want to do actual lessons anymore, but at any age will gladly make a mess in the backyard with water, food coloring, oil, STEM toys, rocket ships made from plastic bottles, stomp rockets and more.

Reading can be fun for kids, too, especially outside. For some reason, just being outside adds to the fun of summer activities. And reading can be fun outside in a hammock, on a blanket, in a swing, and so on.

Finding ways for your kids to continue to learn may feel challenging, but it doesn’t have to be. Summer break is a great time to encourage kids in positive ways and to reinforce positive behaviors. There are lots of things kids can do that can help retain knowledge and even establish or enhance good habits. It’s like brushing their teeth – they don’t stop doing it just because it’s summer.

Other Good Summer Break Habits

If your kids earn an allowance, now can be the time to start a set of good financial habits. Even young kids can have a bank account and begin making regular deposits for future expenses. Saving money is a great tip at any age.

Older kids in business for themselves can look into an IRA for their summer funds and allowance, to start saving for college or trade school, or to set themselves up in business later in life. Adults can look into setting up a custodial account for younger children as well.

Financial habits, or splitting of allowance money into jars for spending and saving, can help establish good financial habits for the future, by encouraging regular payments,

Besides good financial health, make sure kids are recognizing the importance of physical health. Eating right, exercising, playing and sleeping are all aspects that should not be ignored for the summer break.

Daily good habits, established young, can set our kids up for a lifetime of success. Daily brushing of teeth, twice a day, sets a good daily habit. Washing face and hands, especially after trips to the bathroom, helps establish cleanliness as a valued feature. If your family uses deodorant or just washes daily, good habits can be established to help keep your older kids smelling and feeling healthy.

Summer Break Fun

Knowing that this summer may not look like previous ones, it can be important to lay out what fun might look like to your kids. There may not be pool parties with 50 people over, but there might be running through the sprinklers with a few friends. Or a smaller pool celebration if you have a site of your own.

Beaches will be less crowded if social distancing measures are put into place. But they can still be fun places to sit and read, play around, swim, and hunt for crabs. Don’t let any prohibitions make you think you can not set up your kids to enjoy summer fun.

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