Search Results for: blog discussing saving money with your children

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 →

What You Should Talk About in Your Marriage

If you haven’t discussed the following topics before you got married then you should do so soon. You want to make sure that there are certain things you both understand, if you want to have a long and happy marriage. Sex Most couples, even close couples, don’t like talking about sex. But sex can get you in to all sorts of trouble. You should confront and discuss different aspects of sex, such as how much and how often. You should also establish a way to gently communicate when one of you just isn’t up for sex, and how each of … Continue reading →

Money Savvy Piggy Bank

So, I came across this cool tool to help your kids learn more about money and just had to share. It is called the Money Savvy Pig and it won the Parents’ Choice Gold Award, due to its strong educational value. The piggy bank looks like your standard pig, except the body is divided into four separate compartments. Each one has its own input slot for money and output locking knob, so you can remove the money from one section at a time. They are titled based on four different ways we use our money: save, spend, donate and invest. … Continue reading →

Start Teaching Your Kids about Money

There is never a bad time to start teaching your kids about money. The best approach is to make it a part of their life, just as it a part of yours. Money makes the world go round… or so some people feel. Whatever your thoughts are on money, it plays an integral role in most everything we do. Therefore, the best way to teach kids about finances is to include them. Start first with a piggy bank. Even young kids love the sound of coins dropping in the slot. Then move on to using money for math lessons and … Continue reading →

The Frugal Blog Week in Review: Jan. 27 to Feb. 2

Hello there! It is a quiet Saturday evening on the day before the Superbowl. my husband is getting the last kid to bed, I’m listening to my new Nora Jones music, and I am seriously thinking of taking a nice hot bath. Before that, though, I wanted to bring you the week in review for the Frugal Living Blog. I know you read every blog faithfully, so I’ll just assume you want to reread them all again. Saturday, January 27 Save on Paper: Take Advantage of Junk Mail In an earlier blog, Save on Paper: The Three Best Ways, I … Continue reading →

Talking To Your Children About Saving Money

Many parents think that discussing money issues with children is not okay. However, I completely disagree. Now, let me clarify that statement first. If you are having severe money difficulties, or you are going through something that might cause your child extreme worry or anxiety (perhaps having a house foreclosed on, or a car repossessed), it is best not to discuss this with a child. They will not completely understand how big all this is, and they will undergo an extreme amount of worry and fear, wondering when things will start being taken away from them. However, in the same … Continue reading →

Steps To Teaching Your Children To Save Money

Teaching our children to save money, is certainly not an easy task. In fact, it is one that sometimes requires careful planning and a whole lot of repetitive discussing. Children don’t come programmed understanding finances and budgets. In fact, they come programmed with a “I want that” attitude. Completely normal. But how do you break your child of their I want that attitude, and work on teaching them to save money? It isn’t as hard as you think. It entails several different steps or processes and it means keeping at them consistently. Children learn by watching and also by doing. … Continue reading →

A Review of This Week’s Parenting Blogs

I am borrowing an idea from Heather Long and reviewing the week in Parenting. There have been some great blogs written on some important topics. But often parents only see the first few blogs and miss the rest. So here is a review of this week’s Parenting topics. Monday September 18th. “Teaching Good Judgment” is an important skill that many parents fail to teach their children. This is obvious by the many teens and young adults that are making such bad decisions. Read this blog for some ideas on how you can teach your child good judgment. “Should Partners Of … Continue reading →

Help Kids to Save with a Fun Fund

As adults, we often think of saving as something necessary and the responsible thing to do. We save up for things such as a new furnace or braces for one of the kids. Once in a while we will also save for something fun, such as a family vacation, but we often go about it with our usual boring adult selves–we plan, we save, we move money to a vacation account. These techniques, the ones we have learned over the years and now practice, however, don’t usually work with kids. For them, saving has to be visual and fun. Help … Continue reading →

5 Topics to Discuss before Marriage

How many couples do you know take the time to discuss money, children and other important issues before they get married? Maybe you jumped right into marriage without seriously considering some of these life-impacting issues. If you or someone you know is considering tying the knot, here are five topics that you should discuss before walking down the aisle. It could save a lot of conflict in the future. The first is children. Do you both want children? Nothing is more devastating than a couple getting married and one expecting to have children but the other one dead set against … Continue reading →