Kids, during these uncertain financial times it’s important to reduce expenses. Here are a few ways you can help:
Reduce the electricity bill.
Electricity costs money and, since families are home more often now, the utility bills will be higher. Reducing the amount of electricity you use will reduce your electric bill.
If you leave a room, make sure you turn off the lights. Encourage others in your family to do the same. During days of warm weather, make sure air conditioner units are turned off in vacant rooms. If you need the air conditioner on, have a family member set the thermostat to a higher temperature. Turn off the TV if no one is watching.
Save money on food shopping.
Help your family create a shopping list and make sure they stick to it. When shopping with your family, encourage them to buy store brands instead of national brands.
Have your family try growing food in a garden. Eating vegetables that you grew yourself is a rewarding experience and it saves money. You don’t have to become a farmer to grow some of your own food. All you need is some garden soil, seeds and a few tools. Depending on the amount of area you have, it’s not too difficult to grow carrots, tomatoes, peppers, etc. It’s fun and saves money.
Paper towels are in short supply in some areas and can cost over $1 per roll. Suggest that your family buys reusable washcloths. This will save money in the long run. Instead of buying plastic water bottles, suggest that your family buys reusable aluminum water bottles and a water filter.
Find new forms of entertainment.
With so much time spent at home, it’s very tempting for everyone to look online, searching for fun things to buy to help relieve the boredom. You should encourage your family to strongly consider delaying these purchases. Instead, find new forms of entertainment.
You can learn a new skill such as origami. There are many instructional videos online. With a few scraps of paper it’s easy and fun to create butterflies, cats, dogs, cranes, frogs out of sheets of printer paper.
You can learn magic tricks online. What could be better than learning how to do some easy card tricks and coin tricks?
You can play board games with your family. You can visit WalterTheVault.com to play fun games and learn about money!
Since 1952, Black Friday has been the beginning of the Holiday shopping season. Black Friday falls the day after Thanksgiving and has become a shopping tradition for all.
When you think of the term “Black Friday”, many Americans think of crowds, long lines and stress. A lot of retailers are starting Black Friday sales on Thanksgiving, the Wednesday before and the Monday after. Retailers even resorted to having sales on Monday dubbing it as “Cyber Monday.”
Shopping Malls have crowds of people waiting in lines for the stores to open. They then run into stores looking for their items. This has been going on for years…is the stress worth it?
Stores have been sending e-mails earlier this week for “Pre-Black Friday” sales. These sales and deals give the consumer the impression that coming to the store on Black Friday is unnecessary.
Shopping Online, is stress-free and hassle-free. You can literally shop in your pajamas and keep track of your purchases. No one can take things from your cart, step on your toes or push you in line. It is easy as 1,2 3!
Ditch the alarm clock and cold morning waiting in line, avoid the hassle and shop online for the Black Friday sales. Keep track of your e-mails, you’ll never know what online deal you will find. Happy Holidays and Happy Shopping!
Halloween creeped (no pun intended) on you and is tomorrow. Are you prepared? Halloween requires a lot of supplies to ensure a ghoulish time such as candy, costumes and decorations. I am going to teach you how to do this all last minute. (No pressure)
Time to Enjoy the Fruits of Your Lemonade Stand
When the work is done [How to operate a lemonade stand] and your child’s lemonade stand has closed for the day, there is still another life lesson [lessons from a lemonade stand] for them to learn. No doubt your child is excited to have made some money and wants to run to the store to buy a new toy, but this is the time to teach children about what to do with the money they earned.
Don’t spend it all. Learning to save and manage money is crucial to building wealth and a secure financial foundation and it is never too early to teach your kids this lesson. A piggy bank is a great way to start. Have your children put some of the money they earned (as well as other money they get) into a piggy bank. Explain that the objective is to fill the piggy bank with dollars and coins and save this money for the future. You can discuss saving for short- and long-term goals, so they understand how they can afford to buy things and how long it takes to save for something they really want. It’s all about understanding the value of money.
When Life Gives You Bad Lemons
Your children want to set up a lemonade stand. You think it’s a great idea because it can teach them many life and money skills (link to first post). But sometimes, it may not go as smoothly as you thought. Here’s a few hurdles your kids may encounter and how to help your kids through it:
Let’s talk lemonade stands. National Lemonade Day is August 20th, and we’re here to bring awareness to one of the most fun and creative ways your children can make some pocket change. It’s their first dollar earned, their first “business” and possibly, their first experience with success/failure.
To your kids, it’s just another summer activity. To you, it’s an opportunity to introduce them to important life skills they will need- and ultimately, thank you for. Here are some of the skills children both learn and obtain from running a lemonade stand:
Ready or not, 2018 is here! Most people see a New Year as a perfect opportunity for a fresh start. 40% of Americans made New Year’s resolutions for 2018, but the reality is, not all Americans will maintain their annual promises.
It’s finally here, the biggest shopping day of the year!
Black Friday is the most anticipated shopping event of the year but it’s also potentially the most problematic. Whether you shop at 1:00 am or 10:00 pm, Black Friday shopping can be overwhelming. Here are some tips on how to have a stress-free day.
It is important to prioritize where you want to shop and what you want to buy. Make sure you look at the Black Friday advertisements to see the store’s deals and operating hours.
Plan what you want to purchase. Shopping on Black Friday is always filled with crowds. It is best to know what you are looking for so you can save time and money.
As I wrote in a previous blog, I have been jumping on the “Thankful Train” and looking for ways to teach my kids to give back. But the more I thought about it, I realized I needed to emulate giving back as well. We usually donate money to charities that are important to us but we didn’t think it was enough to show our kids that we were taking action ourselves. So my husband and I volunteered to be our childrens’ school captains of a charity fun run supporting the local NYC Ronald McDonald House. Over 30 schools in NYC participate with over 1,000 runners. The kids raise money to support their run, in turn supporting the Ronald McDonald House.
Everyone seems to be jumping on the Thankful Train in November, including me and my kids. A few weeks ago I started to think of ways I can teach my kids to give back no matter how small. Fortunately, my children attend a school where giving back is important and part of their education. So luckily for me I didn’t have to look too far.