Search Results for: blog have you had the credit card talk with your child

8 Things Kids Need to Know about Money

It is never too early to start teaching your children about money. While many parents shy away from discussing financial issues with their kids, this can be one of the biggest mistakes that they make. Instilling good habits and a basic understanding about how finances work can give your child an edge that will stay with him or her for a lifetime. 1. There is a difference between the things that you want and the things that you need. Wants versus needs can be a tough concept for kids to understand, but teaching them that real necessities must be met … Continue reading →

Debit Cards and Responsibility

How do you teach your children the value of money when you are so busy stretching it from paycheck to paycheck? When I became a single mother with lots of debt and bad credit I was determined that Hailey would never find herself in the same boat. When I was growing up we never talked about money, all we heard was that we had none. We had no idea why or where it went. I didn’t realize all the things that went into maintaining a home until I had my first apartment. Who knew you had to pay a light … Continue reading →

It’s Always About Money

This time of year is always stressful financially. It is especially stressful when you are a single parent, you have to make that dollar you are stretching go even farther. Striving to be financially responsible is something you should do all year round. As a single parent it is doubly important that you do your best to manage your money. *Don’t keep secrets about money, talk to your kids. I remember when I was a child and my mother would tell me we couldn’t afford something and I would be resentful because I knew she had money. Because we never … Continue reading →

Children And Money

When your teenager gets a job it’s a huge step for them towards being an adult. When Hailey was younger I didn’t really teach her about money management because we didn’t have any left over for her to manage. I tried to set a good example. As a single mother many times I lived hand to mouth but I let her know the importance of paying your bills first, taking care of anything that is a true need, saving some for a rainy day, and then, if there is anything left, getting something you want. When Hailey got her first … Continue reading →

Paying in Cash

What’s your currency? I remember back when Dr Phil’s show was still good and helpful, he’d talk about having a personal currency. He would insist that when you’re trying to get your children to comply, you have to find their currency. By knowing the child’s currency you were able to reward and punish. Dr Phil’s theory was that children would comply if the reward or loss was something valuable to the child. I don’t remember what company it is whose slogan was once: Nothing tastes as good as thin feels. That slogan is along the same lines as Dr Phil’s … Continue reading →

Cutting Back on Expenses to Stay at Home with Your Child

When planning for our first child, we figured that I would take some time off but eventually head back to work at least a few days a week. I didn’t want to send my baby off to daycare, but we didn’t think we could manage to pay our bills unless I did. Then fate threw us a curveball. Our daughter couldn’t go to daycare, at least not for the first 6 months, and after that, it would still be better if she didn’t. Having cystic fibrosis means avoiding people with colds and respiratory viruses at all costs and, as we … Continue reading →

Frugal Month in Review: October 2008

“Delicious autumn! My very soul is wedded to it, and if I were a bird I would fly about the earth seeking the successive autumns.” – George Eliot October has come and gone, but we can still enjoy fall and the celebration of Thanksgiving and all of the great joys of the season. Take a look back at all of the ways to save money that were featured last month. October 1st Frugal Halloween Costumes It is fall and Halloween is approaching fast, are you ready? What do the kids want to be? You can make some great homemade costumes … Continue reading →

Frugal Living Week in Review for August 20th-26th, 2007

As summer is slowly drawing to a close and school is finally back in session for most children including the homeschooling families, it is the perfect time to take a look at your frugal habits. Evaluate what is going well for your family, and what might not actually be working. Some things you cannot save money on year-round. Some seasons are better than others for certain savings. Just evaluate where you are and look forward into new ways and methods to save money. Look what great ways we showed you how to save money in the frugal living blog this … Continue reading →

Sunday Review: Paul’s Testimony

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I know this blog is about a week late, but I had to share. Last Sunday was one of the few Sundays I neglected to read the Gospel Doctrine lesson in advance, so of course I was asked to fill in as last minute substitute. I don’t know how well the Spirit I felt translated to the class, but I felt the Holy Ghost stronger than I have felt during the lesson in awhile. The lesson for the week was Acts 1-5. In that lesson, Paul bears his testimony not once but twice. The first group he testifies to was … Continue reading →

Money Week in Review June 3-June 18

We have covered several topics in the last few weeks. There are a wide variety of articles available to help you. Favorite Money Savings Tips shares five easy ways to save money. This article covers everything from groceries to gas. You can learn to make the most of your credit cards in Negotiating Credit Card Rewards. Debbie offers some great tips to help you ear better rewards. Have You Considered Downsizing? discusses the changes that you may make in order to live comfortably both now and in the future. This article focuses on why you may change and specific areas … Continue reading →