Itís that wonderful time of year that lightens your heart and fills your soul with peace & tranquility. No, Iím not talking about Christmas! Iím talking about school starting!! Yes! Yes! Yes! Itís a bitter sweet time for most moms. Bitter because youíre back to hectic mornings, finding everyoneís books and papers and trying to get them out of the door on time... because you now have 180 lunches to make over the next 9 months if you have 1 child and 720 if you have 4 -- But hey, whoís counting? It is sweet because the peaceful quietness that penetrates the house is like gentle music to your ears and you can take a lovely relaxing bubble bath without what sounds like the whole US army trying to break down the bathroom door. Well, now that I think about it, Iíve not known many moms that had the luxury of a bubble bath in the middle of the day but I can dream canít I? I canít help you find time for that bubble bath but maybe I can help you with those 720 lunches. Here are a few lunch and...
10 STEPS TO IMPROVE YOUR FINANCIAL SITUATION
Here are ten tips you can use to help improve your financial personal financial situation and inevitably save more money:
1. Pay Yourself Weekly
This may seem a bit odd, but this is an excellent way to start building a substantial savings. On a weekly basis, pay yourself $25-$50 and immediately put it in a safe place. You can even open a special savings account where this weekly "payday" can by placed to help minimize or eliminate impulsive spending. Think about it this way, if you paid yourself $25 a week, in two years you'll have accumulated $2600 (not including interest)!!! That's almost $3000 from just putting $25 aside every week! Take advantage of this money-saving opportunity.
Simple, yet very effective.
2. Don't Shop
For those of you that love to shop, you may find that this is one tip that coul...
TEACHING CHILDREN THE VALUE OF MONEY
We take it for granted that children know how money gets into our wallets. The tips below will guide you through teaching your children the value of money.
Now I'm not referring to the value of stocks and bonds, compounding interest, or the current market value of a U.S. dollar.
What every child should be taught at some time is: the purpose of jobs (how we earn money), saving for goals (how to save money), limit needless spending (how to budget).
It's up to you to decide when and at what age it is appropriate to discuss these topics. But keep in mind that if you don't teach them the skills to make educated, responsible decisions with their money, you will be holding back a valuable lesson that should be taught.
Learning how to successfully manage money is a skill they will have for life.
It's that time of year when all that "free" money starts rolling in. I'm talking about the bonus money, you know -- the fun money (otherwise known as our tax refund)! That is the way so many of us think of a tax refund and five minutes after we spend this year's refund we are already thinking about what we are going to do with next years money.
Many of us look at it almost as if we have won the lottery. We are going to do so much with it and it seems to have such amazing powers. I mean a $1000 tax return can buy a car, furniture, big screen TV, or a family vacation all in one fell swoop. There is almost nothing it can't do; no problem it can't solve. It's our mad money, our fun money.
It you have debt, it is none of the above. It is not mad money. It is an opportunity to move closer to getting out of the debt you have already committed to pay. If you have credit card debt, use your tax return to pay off that debt rather than to buy that big...
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Spending less isnít easy, especially when you try to go it alone. Your friends may wonder why you donít want to go shopping with them. Your kids will undoubtedly protest your refusal to buy them that extra toy. Your spouse may foil your best-intentioned plans if he isnít on board with the program. Thatís why itís so important to get the support you need in making peace with your finances.
Explain to your friends just why living a less materialistic lifestyle is important to you. If youíre in debt, be honest about your situation. Donít let fear or the thought of shame prevent you from doing this. You may discover that friends feel the same societal pressures to keep up, or are in debt themselves. Youíd be surprised how much support you get.
Get Your Spouse Involved...
Your spouse is supposed to be your rock: the person you lean on when times get tough. Unfortunately when it comes to finances, partners donít always see eye to eye.