I think teaching kids about money should be in schools just like teaching kids and teens about reading, writing, and ABC's. Why, because once you learn the basics of money and savings early then it would be effortless to continue the teaching and building upon what they have learned. Financial literacy for children will be far to easy to teach and cost less money when children are younger than waiting until they are freshman in college and being introduced, possibly, for the first time, with financial responsibilities.
When, I was in school I had to get my parents signature before I could get a credit card. Of course, now it is different. College students are bombarded with free trinkets just to fill out an application! Kids and teens should know that saving money is like brushing teeth or combing hair. It should be a habit. Parents are responsible for teaching their kids. But how? How can a parent who never learned themselves about being financially savvy, teach their kids and teens? The United States has just started adding financial literacy in the schools. Each state has its own programs. Check with your state to see if there is a financial literacy program available. If you are looking for a program that teaches kids about money visit www.kidsmoneycollege.com. This program teaches kids from the ages of 5-18years of age. Check it out so your kids will not be left behind.
Friday, November 21, 2008
Thursday, November 20, 2008
Saving Money the Old Fashion Way
Whatever happened to the old fashion way of saving money by not spending a lot on your normal purchases? The barter system is still alive and well. It seems as if consumers have gotten complacent because we have an abundance of everything. If you are seriously considering saving money, there are three ways that are easy, and can save and make you money right away.
Remember the flee markets?? There was once a craze over them. Now they are back in style. I remember, when I was younger, my mother and I would go to the flee market with all of our out-grown clothes and things around the house and sell it. We would come home with pockets full of money and empty boxes because people would purchase all of what we had. You can find everything at a flee market, even new items, for less. So check out your local flee market and see what you can find. It may be worth you time.
Do you or anyone you know have gently used clothes and toys? Take them to your clothing consignment store. Some stores even buy your things and give you money on the spot. Others will accept or reject the clothes and showcase them at their location until someone buys them. If a person does not buy them within a certain length of time you can either pick the clothes and toys up or the store will donate them to charity. You can really find great deals in a consignment shop too. My hairstylists’ shop is near a children consignment store. For the past few months, I have seen people in packs, with black plastic trash bags full of children clothes and toys. These parents are hoping to get money for their children things.
The financial crisis is in full swing and if you are on a budget and you want to find out more ways to save, try these tips and start saving the old fashion way.
Remember the flee markets?? There was once a craze over them. Now they are back in style. I remember, when I was younger, my mother and I would go to the flee market with all of our out-grown clothes and things around the house and sell it. We would come home with pockets full of money and empty boxes because people would purchase all of what we had. You can find everything at a flee market, even new items, for less. So check out your local flee market and see what you can find. It may be worth you time.
Do you or anyone you know have gently used clothes and toys? Take them to your clothing consignment store. Some stores even buy your things and give you money on the spot. Others will accept or reject the clothes and showcase them at their location until someone buys them. If a person does not buy them within a certain length of time you can either pick the clothes and toys up or the store will donate them to charity. You can really find great deals in a consignment shop too. My hairstylists’ shop is near a children consignment store. For the past few months, I have seen people in packs, with black plastic trash bags full of children clothes and toys. These parents are hoping to get money for their children things.
The financial crisis is in full swing and if you are on a budget and you want to find out more ways to save, try these tips and start saving the old fashion way.
Tuesday, November 11, 2008
Coupon Clipping for Money
Ok, I know I preach about saving money, using coupons, and doing a budget. But I also say what is good for some people is not good for others. I know that some people can not get their arms around a monthly budget. I also know that some people can not get their arms around coupons. I am one of those people. I know I am a not a coupon clipper. So I thought.
For years I have been telling my clients and friends when you clip coupons and use them they will save you money. And I always followed up with, “I am not that person to do it but it can save money.” I was that woman with all good intentions on saving by cutting them out but never using them and when I did finally use them they would be expired.
I challenged myself. I went to the store and pursed the aisles of the supermarket finding the deals and wondering if it was more to it then what I was doing. Don’t get me wrong, I was in the store longer than normal but I was saving money. At the end of my trip in the store as the cashier rang up my items I whipped out my coupons. He worked diligently taking of $3 coupons and $2 coupons. The total savings from my coupon challenge yesterday at the grocery store was an astounding $40.29. YES. And the items that I purchased were all needed in my household. No extras purchases because I had a coupon.
So don’t underestimate what you can do in this economy. What seemed to be a homework assignment for me turned me in to an avid coupon clipper for life. It works! Now I practice everything I preach.
For years I have been telling my clients and friends when you clip coupons and use them they will save you money. And I always followed up with, “I am not that person to do it but it can save money.” I was that woman with all good intentions on saving by cutting them out but never using them and when I did finally use them they would be expired.
I challenged myself. I went to the store and pursed the aisles of the supermarket finding the deals and wondering if it was more to it then what I was doing. Don’t get me wrong, I was in the store longer than normal but I was saving money. At the end of my trip in the store as the cashier rang up my items I whipped out my coupons. He worked diligently taking of $3 coupons and $2 coupons. The total savings from my coupon challenge yesterday at the grocery store was an astounding $40.29. YES. And the items that I purchased were all needed in my household. No extras purchases because I had a coupon.
So don’t underestimate what you can do in this economy. What seemed to be a homework assignment for me turned me in to an avid coupon clipper for life. It works! Now I practice everything I preach.
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