The family entertainment budget is often challenged during the summer. Children may clamor for trips to pricey theme parks and ballgames. Wish lists may include cruises that have water slides, rock-climbing walls and mini-golf.
Since many summer amusements come with a hefty price tag, what’s a parent on a budget to do? First, maintain the healthy mindset that summer family fun doesn’t have to be expensive. Next, look around your own neck of the woods for activities and events that are free or low cost.
These summertime ideas encourage family fun – without a budget blow-out.
How to coach your kids to be financially independent.
Father’s Day is a great time for dads to talk with their young children about money, particularly ways to grow toward financial independence. Think back for a moment; how much was your first allowance? Chances are it was a modest sum based mostly on your age. It’s a pretty good bet that your parents had an “expiration date” in mind for your childhood stipend. As it turns out, many dads and moms should have put that date in writing … in a contract posted on the fridge!
According to data from the Pew Research Center, nearly one in five adults 18 to 34 years old are still getting regular financial help from parents or other family members. The tight job market, onerous student loans, and the high cost of living are all challenges fueling this trend. Even so, a good grounding in financial basics has kept many other young adults from leaving a body imprint on the parental couch.
Here are some tips on what fathers can do to teach their kids to manage money, be self-sufficient and – hopefully – even financially savvy:
Keeping a big family fed is a full-time job. From planning meals to shopping, cooking and cleaning up afterward, feeding a large family can seem daunting – and that’s not even taking food costs into consideration. Feeding a large family is expensive. In fact, Americans spend more on food than on any other expense besides home and car payments, according to CNN Money. Fortunately, we’ll help you navigate the aisles and learn how to save money on groceries. Follow these tips to get started:
Women still face unique challenges when it comes to saving for a more secure retirement. Despite huge steps forward with regard to education and career opportunities, women are still more likely than men to be a single parent. Far more often than men, they take time off from their career to raise children. Typically, they live longer than men. These factors combined mean it’s extremely important for the mothers, grandmothers and daughters in our lives to have a solid plan for their financial future. This Mother’s Day, we want to make sure that the women in our lives are prepared for tomorrow. Here are some useful tips on how to plan for your retirement.
Just because you can’t afford to shell out hundreds of dollars for your child’s birthday party doesn’t mean you can’t create a memory that will last them a lifetime. If you’re strapped for cash and are in need of some creative yet thrifty kid’s birthday party ideas, taking the DIY route is your best bet. Here are a few fun DIY kids’ party ideas.