What to teach your child about money – Part 2

Last week, we went over some money lessons to teach your kids at a young age. This week, we will discuss how to maintain a good financial foundation and continue good money habits for your child as he or she grows into the age of 10-13. Teaching your older child good money habits involves more complex concepts and lessons. But parents shouldn’t be too worried: … Continue reading What to teach your child about money – Part 2

What to teach your child about money – Part 1

From birth, children are constantly learning new skills, being taught new lessons. One of the life lessons often overlooked in this process, however, is money skills. Although many colleges and middle to high schools have started to include financial education in their curricula, teaching children about money remains largely a role for the parents. Some parents are concerned of their ability to give money lessons … Continue reading What to teach your child about money – Part 1

The Post-graduation Boomerang, part 2: Tips for Welcoming Your Graduates Back Home

Last week, we discussed the steps new college graduates can take during their “boomerang move” home for the most financial benefits, not only for themselves but also for their parents. Parents: That’s right – having your adult child back in your home can be a financial gain, unlikely as it sounds. At first glance, it seems like even after a college education that comes with … Continue reading The Post-graduation Boomerang, part 2: Tips for Welcoming Your Graduates Back Home

Week 2 of 2: Back to School Savings

Last week we discussed how to save on school supplies for the upcoming school year. This week we will discuss ways to save on clothing. Try these money-savings strategies when shopping for uniforms or clothing for back to school:

  • Don’t opt out hand-me-downs. If uniforms are required, try to find an older sibling, friend or neighbor who you can borrow or purchase their used uniforms.
  • Sell your gently-used uniforms for cash. There are some consignment stores specifically for school uniforms. If there is not one in your area, you can always put the word out that you are selling your child’s used uniforms – if they are still in good condition!
  • Buy used uniforms. Try visiting a local consignment store. You may also get lucky and find backpacks and other items for less! Continue reading “Week 2 of 2: Back to School Savings”

Week 1 of 2: Back to School Savings

Most of the excitement that comes with a new school year is the new school supplies and clothing. Over the next two weeks we will discuss savings on clothing and supplies for the upcoming school year. Whether you are shopping for your kids or a college student paying for yourself, it is not necessary to break the bank! Consider these tips when shopping for back to school supplies:

  • Shop year round! Always be on the lookout for notebooks, pens, pencils, or calculators on sale. When you find something, go ahead and buy it and pack it away until you need. You never know when something may come up and it may not be the best month to spend the extra money. Shop smart and buy when you can.
  • Rent textbooks. If you are a college student looking to save some money on textbooks, consider renting instead of buying. You will spend a lot less and avoid being told that the bookstore is no longer using your book anymore when trying to sell it back! Continue reading “Week 1 of 2: Back to School Savings”

Inexpensive Gift Ideas for Your Graduate

Receiving a graduation invitation in the mail should be an exciting time, not a time to stress about gifts and money. Just because you receive an invitation does not mean you are receiving an invite to spend a lot of money! Here are some great gift ideas for the frugal buyer that any recent grad would enjoy – and will also not burn a hole in your pocketbook!

  • Make something! Often times gifts that are made, not bought can be more sentimental and touching than anything money can buy. Consider making a photo album or scrapbook of the recent grads memories over the past few years of high school or college!
  • Create a gift basket. Sometimes buying multiple inexpensive items actually looks like more than one large gift. Make a gift basket for the grad including essentials for their plans post graduation (if a high school grad has college in the new future, stock them up with inexpensive dorm accessories, notebooks, pencils and study treats!) Continue reading “Inexpensive Gift Ideas for Your Graduate”