When your child is in college, it can be stressful trying to figure out how to help them. Follow this guide, especially if your kids have business and finance courses.
Your child has been doing business and finance coursework for a while now. They’re learning about the ups and downs of starting and running a company. Maybe you’ve even caught some of their lectures! But as parents, how actively involved should you be in your kids’ homework? Should you even help them at all?
The short answer is yes—research shows that children perform better in school when they have a supportive parent guiding them. Helping with business and finance homework can be tricky to navigate, though.
It’s important not to do the work for them (as tempting as it can be), but there are ways that you can guide your son or daughter in a practical direction. You may even learn something yourself along the way.
Teach Them Problem-Solving Techniques
Don’t do your kid’s homework for them, but teach them problem-solving techniques for working through complex problems. Instead, show your child how to break apart a complex problem into its parts.
Then help them learn how to look up answers and synthesize information from various sources. Teach them good writing techniques they can use in college and beyond, like organizing their thoughts before writing and using concise sentences with strong verbs.
You can also guide your child to access online resources like Sweetstudy’s Business & Finance homework help. Such platforms help connect your child with online tutors and subject matter experts who can walk them through complex assignments and topics.
Be honest with yourself about what goals are realistic for your children (and, by extension, yourself). Consider their abilities and circumstances. College is expensive. It might make more sense financially if a student attends community college for two years before transferring to a 4-year school for the final two years.
It is especially true if you’re planning to pay for most of your kid’s education costs out of pocket rather than taking out loans. When weighing whether it makes sense to pay full tuition at an expensive private school or partial tuition at a less expensive public university (with higher-quality programs in some areas), consider all aspects.
The general quality of life, as well as curriculum offerings and memberships in alumni professional networks, are crucial to your child’s career goals in the long term.
Keep in Touch With Their Professors
It’s a good idea to let the professor know they can contact you whenever needed. It won’t seem as if you’re being too overbearing. You want to be approachable and make it clear that you trust the student and their ability to handle things on their own—you want to be supportive.
It’s important not to come off like a helicopter parent because, in addition to leading the professor and others within the financial community to believe that you don’t trust your child’s skills and abilities, it will also discourage them from ever reaching out.
If professors know why they’re contacting you beforehand, they’ll feel more comfortable doing so without worrying about taking up your time with something trivial.
Help Your Child Get Organized
Being a good parent means more than making sure your kid makes it to school on time every day and eats their vegetables. It also means teaching them important lessons that they can apply to work life, such as time management and organization.
One way to do this is by creating a homework schedule together, then having Junior stick to it. A homework schedule should allocate time for each subject and ensure that Junior will have enough time after school or work to complete his assignments.
An excellent place to get started is by using an hour per class per week as an estimate, although the actual number of hours required may vary widely based on the difficulty of the coursework at hand (i.e., if your child enrolls in advanced placement courses).
For each week, list out when you expect your kid will be able to sit down for homework each day: for example, Monday from 3 pm-4 pm could be dedicated entirely towards one class or shared between two classes with shorter assignments.
Make sure there are no distractions during these times. That includes things like television sets turned on nearby and limiting phone use during these periods, so nothing distracts from getting work done efficiently (or all at once).
Track Your Kid’s Progress
As you become more involved in your child’s business and finance coursework, you must track their progress. Talk regularly with your child’s teacher to determine how they are performing in the class and what areas need improvement.
It can help you identify where your child needs extra business and finance support and pinpoint which concepts are causing trouble for your child.
If a particular topic is incredibly challenging, talk to the teacher if they are open to having an after-school session with you and your child to discuss some of the more complex topics.
It might also be a good idea to look at some of the work that your kid has done for their business classes and see if there are any areas where they could use additional help.
In just a few months, your child will have completed their business and finance coursework—and they’ll be on to the next level. But you don’t have to wait until then to encourage their growth in this subject. As long as you keep in mind these tips for guiding them through hard work and collaboration with others, you’ll help them put their best foot forward in class.