Frugal Living for your Modern Family
I am a firm believer that we should be teaching our kids how to be smart with money from an early age. I put together this little guide for how to use an allowance to teach kids good money habits so you can have good tips that are age appropriate for your child.
I did an earlier post helping you decide if you should pay kids for chores or if you are just going to give them a weekly allowance so they can get used to making financial decisions. You choose what works best for you and your family.
Now that I am expecting my second child, I feel like I have a good sense of stuff you don’t need on your baby registry. Having to pick out things for the new baby, I am reminded of all of the baby items we bought and never used.
I hate wasting money on things so I thought I would share the items that were of no use to us on our baby registry.
Now that I am expecting my second baby, I am having to remember all of the ways to save the most money on baby gear. I wanted to share some things that really helped us save money when we had our first baby and what we are doing now to save even more.
I have learned a lot during my 6 years of being a mom. Saving money on baby and kid items has been a huge part of that. Kids grow so fast and go through so much stuff that it can be hard to figure out where you can save money and when you need to get more expensive, higher quality items.
You may think that your child is too young to learn about money and finances but the truth is the earlier you can teach them the better. When should you teach kids about money? I have put together an age-by-age guide to help you get the conversation started.
We want our kids to have a positive relationship with money and learn about financial responsibility. This will give them a much better appreciation for what they have. It will also help them grow into money savvy adults.
I have heard from a lot of parents who wonder, should you pay your kids for chores? The answer that I always like to give is yes and no. It will depend on you and your child because not everything works the same for each family.
I want to give some pros and cons for paying and not paying your child an allowance for chores so that you can make the decision about what will work best for you.
