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Archive for the ‘Family Money Matters’ Category

Admit it, life is hard these days wherever you are. Oil prices are increasing rapidly and sad to say, it seems to be uncontrollable. As this happens, a fast chain reaction follows up to the basic family needs such as groceries. The best that we can do is to think of ways on how to save money when going to the grocery. And because I am among those who are greatly affected, I searched for some tips through the Internet. Although there may be a lot of them, here are some that I tried at home and proven effective.

Make a comprehensive plan

One may think that making a list of groceries is enough to save money. Although it may help when you control what you buy, it would be better if you also consider the place of the grocery. How far is it from your home? Have you tried comparing of the price between the farther and the nearer store? A nearer place does not mean that the price is cheaper, as it also depends on the location. If there is a warehouse around, their price is much lower. In addition, prices are usually lower during mid-week days and a once-a-week shop is better. Read the rest of this entry »

One way to maintain a happy family is to be financially stable. When you are able to complete the daily needs and save a bit, there is a lesser chance of family feud. But to do this effectively, all members should cooperate and participate.

Parents should sit down with the children and discuss this matter seriously. Below is a good list of money saving tips that I think is effective and easy to follow.

Keep yourself busy

If you are busy besides work and school, you may tend to spend less money. Your concentration will be more on the extra activities that you are doing, instead of thinking of less important things to buy like junk food. For students, you can do summer jobs during vacation or be a volunteer in your community. For parents, it is better to stay at home and spend quality time for the kids instead of going out with friends. Read the rest of this entry »

As I have mentioned in my last post, I will start a small family business hoping to survive the world of the self-employed. I have been reading a lot business tips sites and magazines, and I want to share them to you. There are applicable if you are about to start a one or has already one.

A family that prays together stays together. But does this work when a family works together? Most of you may agree that it does since family members tend to be more concern, sincere and has more personal touch on his assigned task. However, we cannot deny that there are also some family businesses that do not stay long. Worst is even the relationship among the family members are affected.

But why does this happen? What are factors that constituted the problem? Here are some important factors that are usually taken for granted. Read the rest of this entry »

There are a lot of ways to save money for the whole family, and most of them are practical and easy to follow. However, it is within ourselves who will make decisions if we will follow them or not.

Below is a good list according to applicable categories such as food, education, shopping and others, which I have compiled for easier reading. Most of them are now being practiced by my family. Read the rest of this entry »

Money is the reason why we are working hard. As a parent, we will do everything just to earn money in order to give to our children their needs.

We also sacrifice a lot of things in order to earn good money, including time for our children. This is the reason why we should teach our children to value money. Another good reason is for him to be prepared when it is already time for them to work.

So when your child starts to understand that money is being used to buy things, you can use these helpful tips to teach your child.


Tell him about your work

Frequently telling stories about your work and how hard it is will somehow stick to his mind that money should be handled properly. When your child sees that you are tired from work, he will start to understand that earning money is not a joke. It is also advisable to make him understand how a simple business works and let him analyze how money is being circulated. In addition, he will also feel that you are doing all the best you can to provide his needs.

Let your child budget his money

Another effective way is to give exact money for his one-week allowance instead of giving it daily. Explain to him how much he should spend everyday so that the money will just fit for the whole week. If he used his money for unnecessary things, let him suffer the consequences instead of giving additional money. Let him study how to save money by simply not buying luxurious things. As he grows with it, you will not be only saving money but you are also teaching him to responsible.

Let him work for it

Although it is not proper to allow your child to work, there are some simple ways where you can teach him how to work hard to earn money. Now that your teenager can do simple household activities, require her to do the dishes and give money in return. However, you must be careful in motivating your child. She might misinterpret the difference between a reward and money as exchange for a hard work. If you fail to do so, there might come a time that your child will only do it because of money.

Show the bad effect of wasting money

Use the media to provide samples to motivate your child further. Let him see for himself the bad effect if he will not learn to handle money properly. Allowing him to see the latest news about poverty and high inflation rate will make him somehow realize that he is lucky enough to enjoy his status. If he sees a group of children as young as him, but struggling hard to make a living, he will be afraid that he will be joining them someday if he will not value money.

Set a good example

I have always been mentioning this in almost all my posts. Say what you do, and do what you say. If your child sees that you are spending money for non-valuable things, you cannot force him on something that you do not do. There is really nothing wrong with enjoying your hard-earned money, as long as you have extra money for it. However, if you do not explain it well to your child, he will find it hard to understand it. Enjoying is very much different with wasting.

Money cannot buy everything, but children should still learn how to value it.

Related posts:
How to Motivate your Kids in Reading Books
Choosing a College Course in Times of Crisis
Taking care of your Children while Working at Home
How to Avoid your Child to be a TV Addict
How to Motivate your Child to Enjoy Mathematics

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