6 Tips for Raising Smart Consumers

6 Tips for Raising Smart Consumers

The financial lessons we learn at home as children are ones that will shape how we view money for a lifetime. One of the best services we can do for our children is to teach them financial responsibility from a young age. Here are a few tips to help along the way.

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7 Travel Tips to Remember When Flying with Kids

7 Travel Tips to Remember When Flying with Kids

Nothing may quite be as scary and stressful for traveling parents as the idea of flying with their kids on an airplane. After all, what could be more taxing than going to the airport with a number of bags and kids in tow, then having to keep them seated, happy and quiet for hours and hours on end? Allow us to give you great travel tips that will help make your life a little bit easier. We can’t guarantee that your kids won’t have a meltdown at some point, but these tips will at least help keep everyone in a better mood throughout the trip:

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How to Protect Your Computer from Viruses for Free

How to Protect Your Computer from Viruses for Free

We all want our computers in tip top shape. We want them to be fast and work well without annoying popups and other issues caused by viruses. The best way to maintain a well-running computer is to protect it from getting a virus. The good news is you can protect your computer from viruses for free!

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6 Tips to Trim Your Household Budget

6 Tips to Trim Your Household Budget

Running a household is expensive business but the good news is that you can make some relatively painless cuts to keep more of your hard earned cash in your pocket, or preferably your bank account. Here are some ways to minimize your expenses and trim down your monthly household budget in the process:

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How Much Money Do I Need to Buy a House?

How Much Money Do I Need to Buy a House?

Have you been bitten by the HGTV bug? While renovation costs are often covered in TV shows, there are a few hidden price tags that come with purchasing a home that are never discussed. It may be more fun to crunch numbers when it comes to the projects and possible resale (cha ching!), but there are a few lump sums you’ll need to cough up before you can even get the keys. Because I don’t want you to be blindsided, I’ll go over the basics that you should start saving for now. Don’t be discouraged; just be informed!

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5 Tips for Making Extra Cash in Facebook Garage Sale Groups

5 Tips for Making Extra Cash in Facebook Garage Sale Groups

You’re looking to make some extra cash, right? Look no further than Facebook! There are a ton of garage sale groups available for your area and the areas around you and new ones are popping up every day. So much easier than trying to organize an actual garage sale. Especially if the weather isn’t cooperating! If you’re interested in getting into selling in Facebook garage sale groups, follow our 5 tips for making some extra cash.

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15 Ways for Teens to Earn Extra Money

15 Ways for Teens to Earn Extra Money

Have your teens been looking for ways to earn extra money? Yes, older teens can go and find a job, but what about younger ones? Teens that are 13, 14 or even 15 can all find ways to earn money without having to worry about being too young for an actual job. These 15 ways for teens to earn extra money are easy to do and great for teens of all ages.

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6 Tips for Saving Money on a Road Trip

6 Tips for Saving Money on a Road Trip

Do you have a family road trip planned? How would you like to go on a road trip with your family without having to break the bank? Here are some great tips to remember when preparing for a road trip that can save you some bucks:

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7 Tips for Teaching Your Teen to Be Financially Independent

7 Tips for Teaching Your Teen to Be Financially Independent

Our job as parents is to teach our children to be strong, confident adults who can become successful members of society. Of course, a teen is still a kid, but there are some things you can do to better prepare them to be financially independent.

1) Have them Work

School is the most important thing, but a summer job or after school job is a great way for a teenager to become financially independent. Even young teenagers can find ways to make money such as a paper route, grass mowing, snow shoveling, or detassling corn. Most fast food jobs hire at the age of 15 or 16 with parental permission.

2) Charge Rent

Another way to help your teenager be financially independent is to charge a small monthly amount for rent. This teaches your teenager how to pay bills and gives them a feel for the real world. This could be $25 a week or a month depending on how much money they make working.

3) Open Accounts

In this day and age, it isn’t always safe to carry around cash. Opening a checking and savings account with your teenager is not only a safer way for them to manage their money, but gives them a little more independence and education on balancing accounts.

4) Encourage Savings

It is recommended that 20% of everything a person earns should be put in savings. Teach this saving tip early so it continues through adulthood. When opening up accounts, encourage your teenager to put 20% of each paycheck into their savings account.

5) Let them Buy a Car

Buying a car is a huge decision, but a great incentive for saving. If your teenagers know they want a car and they have to buy it, it will give them more incentive to put that 20% in their savings account each paycheck. Not only does this teach financial savings, but it also teaches teenagers the value of money, and how much work it takes to actually buy a car.

6) Have them Pay Insurance

Another way to build financial independence is to have your teenager pay their own car insurance. Car insurance for a teenager is expensive, so it may be best to keep them on your policy and allow them to pay the discounted price.

7) Have them Buy Essentials

You provide everything for your child while they are young, but as they get into their teen years, it is important to make them start buying things on their own. Instead of buying five name brand pair of jeans at the beginning of the school year, set a budget that you will pay for their clothes, and if they want extra, make them pay for it themselves.

Teaching a teenager to be more financially independent isn’t going to happen in a few days. Gradually build your teenagers responsibilities as they get older starting from their earlier teens. The earlier you start this transition, the better equipped for life your teen will be when they reach 18.

5 Painless Tricks to Build Your Emergency Fund

5 Painless Tricks to Build Your Emergency Fund

Building an emergency fund is vital but it can be hard to do when you are living paycheck to paycheck. Build your emergency fund with small steps that you will barely notice and you can stop the cycle of living paycheck to paycheck. Small steps add up and you’ll enjoy the padding of a nice savings account.

Use these painless tricks to build your emergency fund.

 1) Look for bonus money

that you can transfer right to savings. This can be ATM fee refunds, interest on accounts, or cash back points. Check with your bank to see if it has options to send funds over directly to your savings. If not mark you calendar for the appointed dates these deposits come in and move them over yourself.

2) Save the change

When you find or receive change don’t spend it, save it instead. Put the change right into a coin jar and fill it up. When the jar is full take half for fun money as a reward for sticking it out and toss the other half into your savings account. You have gone without spending this money for a long time and you won’t even notice it missing.

3) Look for rebates on items you already buy 

Rebate money saving apps are a great way to do this. Build your emergency fund with these by putting the rewards amount into your savings. If you receive payment in a way you can not add to savings just swap and use cash for the savings and spend the reward on things you need. Walmart has a great Savings Catcher program and app that helps you get money back when something you buy is cheaper at another local store.

4) Get a side job as a mystery shopper

Mystery shoppers make a small amount of money but they get reimbursed for the things they buy. This lets you earn a bit of extra money you can put into savings and get something you want or need for virtually free. The extra bonus of free stuff and a bit of cash means you can toss the money you earn into savings without feeling any hit to your budget.

5) Host a yard sale

Get the clutter out of your house and earn a bit of cash for your savings account at the same time. Have fun with it and reap the rewards of building your savings painlessly while clearing out things you probably shouldn’t have spent money on in the first place. This can also help you become more mindful of your spending.

You can build your emergency savings without feeling the pain of extra financial strain by looking for money that you do not already expect and budget for each month. By building up your emergency savings you end the cycle of living paycheck to paycheck and the financial devastation of emergencies.