Ambitious Teen helps mom with family budget

LET ME HELP YOU WITH THAT MOM   There was a time in my life when I was a teenager and all I cared about was working, saving money and hanging out with my friends. I didn’t have to worry about what my parents did with our family budget nor did I care. Growing up in our household my parents were frugal to the point that if we wanted something we worked for it. They didn’t scour the weekly flyers because we didn’t have them but they would buy products reduced if mum was able to do something with them right away. My mums favourite was making pies with fruits that were ripe or ready to go off. That’s probably why I’m the way that I am in the kitchen. Being that it was Mother’s Day (Mothering Sunday) March 15 in the UK yesterday this email made me remember growing up and what life was really all about in our house. My mother was and still is our rock and I can understand how this young lady is so determined to help someone so special and close to her heart.   Help with the family budget   I received an […]

Child Budgeting: Teach Your Kids to Respect You and Money

FINANCES FROM A YOUNG AGE   Growing up, my parents hated shopping for me. It was stressful and usually led to rushed purchasing decisions. They would rather spend $300 now to get it over with than spend $200 after shopping around and researching. Now I always wanted more money growing up. So I realized I could both solve their problem and satisfy my desire for more cash. I asked to be given money instead of things. $200 for back-to-school clothing, $20 for school supplies, whatever the occasion, I preferred cash. If they didn’t want to shop around and do the research, I would – and I would feed my piggy bank the money I saved. My parents cheerfully agreed. However, reading CBB, I know you are already budget conscious. So you’re not like my parents who rushed their purchasing decisions. I’m looking to solve a different problem for you – your kids’ lack of interest in budgeting.   Child Budgeting   Child budgeting means your children are budgeting for their own lives. They are taking care of themselves. This can start as early as you feel appropriate. I began at age 13 – a little late because that’s when I […]