Five Ways to Spend Less to Feed Your Kids

Kids can be little vacuums sometimes, eating up everything in sight. While it is good for growing bodies to get the calories and nutrition that they need, it isn’t always great for the budget, especially when you want to eat out. A typical family with three kids can spend $25-$30 at a counter service restaurant or $50-$70 at a family-friendly sit down restaurant. There are a number of ways to reduce the cost of food for your kids, that are not extreme and will leave you spending less to feed your kids. Here are five of the best ways to … Continue reading →

Don’t Forget the College Spending Money

Once you get through paying for tuition, text books, room and board, supplies and activity fees, there is one more expense you have to count in–the monthly spending money that your college kids will need. Most college websites are very helpful with suggestions of how much money your student will need, with suggestions averaging $200-$300 a month, minimum, to cover expenses from laundry to shampoo to late night pizza runs. While these suggestions are helpful, the real amount is going to depend on your student, where he or she goes to school and what kind of lifestyle he or she … Continue reading →

The Best Summer Jobs by Age

Kids can learn important lessons outside of the classroom, and summer is a great time to reinforce learning in the areas of finance and managing money. In between trips to the pool or the movies, family vacations and sports camps, consider building in the opportunity for summer jobs. Here is a guideline that will help you with suggestions for the best summer jobs by age group. Junior High and Middle School Age Outside work around the home. Children this age love to be outside, so combine this love with a job doing exterior home work. There are a number of … Continue reading →

Should You Pay for Chores?

Parenting experts disagree vehemently on the issue of whether or not children should be paid for chores. Each side strongly believes that they are right, quoting studies and analysis that support their position. With such a polarized debate on the issue, what should parents think? How can they determine whether or not to pay their children for chores or to offer an allowance outright that requires no work conditions on the child’s part? Let us take a look at both sides of the issue. On the one hand, paying a child for chores rather than giving a free and clear … Continue reading →

7 Ways to Manage Kids’ Sport Fees and Costs

There are so many reasons to give your kids the opportunity to be involved in sports, and one big one not to do so–the costly fees. Before you decide to give up the sports altogether, consider trying the following strategies that will help you manage kids sports fees and reduce the amount you spend. 1. Get some perspective Parents can get a little crazy when it comes to sports. They all want their kids to succeed and will provide them with all of the extras that they think will make this happen, such as extra training or lessons, top of … Continue reading →

How to Talk to Your Kids about the Economic Crisis

“How can I talk to my kids about the economic crisis?” It is a common question that most parents face today. As prices on consumable goods rise, from food and gas to the cable bill, and families feel themselves pinched, even the youngest children are starting to notice that things around them are changing. Neighbors and friends may be moving away, favorite stores and restaurants may be closing, and everyone seems to have to sacrifice something they enjoy just to get through this time. Parents should see this time in our history as a teaching moment, but the lessons should … Continue reading →

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 →

Protecting Your Children from Identity Thieves

Identity theft doesn’t just hit adults. Children are especially vulnerable to it, since they have clean credit and financial histories and no background information or signature on file. This makes it easy for thieves to take out credit and loans in a child’s name. In most cases, the victims and their families never even realize that there is an issue until the child becomes an adult and pursues his or her own credit and financial footprint. Then it becomes obvious: years of bad debt, defaulted loans and possibly a criminal background. The web of identity-related issues can be ponderous and … Continue reading →

Baby on a Budget

Your new bundle of joy could make more than a significant dent in your finances. Establishing a solid budget for your baby can help you keep everything under control and leave you with enough money for your baby’s future. You might be interested to know that according to the US Department of Agriculture, it can cost up to a quarter of a million dollars to raise a child through age 17! This doesn’t take into account children living at home past age 17, college costs or significant medical expenses that could arise. That is why it is important to establish … Continue reading →