family friendly finance tipsIt’s almost the end of the month; money is tight again and you’ve got to come up with ideas that will help you to save money as a family. Luckily, there are plenty of things you can do to achieve this. Here are a few great ideas you might want to make use of.

Cut Cost of Energy Bills

Perhaps the biggest and most frustrating cost you’re going to encounter is energy bills. These are a regular expense that you’re going to need to deal with. So it’s vital that you look for ways to cut down on the cost of your energy bills. You can use plenty of techniques to achieve this. For a start, try to wrap up warm when it gets cold rather than putting the heating on. You may also want to consider solar power and making your home more energy efficient.
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single parent personal finance tipsAs a parent raising your kid(s) all on your own, you must be aware of the financial difficulties faced by single parents in general. The entire experience of dealing with all the troubles of parenthood on your own might as well be quite traumatizing for you. It is believed that most of the single parents are always living on the edge of the financial rope—simply because the entire family is run on one salary instead of two. If these single parents are not really ready to live beneath their means, keep track of their finances after every single expense and stick to their budget thoroughly then it becomes difficult for them to meet financial emergencies or for that matter overcome possible financial setbacks like pay cuts, job loss or medical emergencies. Go through the post in a bid to know how single parents can organize their finances.
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couples and financeMoney is one of the core factors when it comes to the success of a marriage. Money woes can cause all sorts of problems. In fact, money problems are one of the main causes of disillusion in marriage. So, it is critical to maintain a sense of financial security. When it comes to sharing bank accounts – and even sharing some responsibilities, like the mortgage and utility bills – it is even more important to have a sense of fiscal responsibility. Luckily, there are a number of ways to manage your money, so that there are no questions or confusion. Here are five essential money management tips for married couples.

Make sure to budget accordingly. It is critical to have a budget for everything. This will require sitting down and working out exactly what your collective debts are and what your personal debts are. You want to work out how much money is going out and how much is coming in. You should always know how much money you are netting, not just how much you are earning. Having this perspective will give you a clearer overview of how much money you have and what you can actually afford. Not having this perspective will continually make things confusing and you’ll always be wondering if there is enough money to live.
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Your Mother Can Save You From Bankruptcy

by Guest on April 26, 2014

mothers teach their kids about moneySometimes, Mother really does know best.

When you were younger, Mom nagged you to brush your teeth, eat your veggies, and clean your room.

You didn’t listen.

When you got a little older, she might have imparted more mature words of wisdom. You probably didn’t listen then, either.

Funny, but as you become more mature, your mother’s advice starts to make more sense, and you might realize that her advice wasn’t as dumb as you always thought it was.

For instance, she told you, “Money doesn’t grow on trees.” Amazingly enough, that is unfortunately true.  Money has to be earned, and earning money is a lot more difficult than picking it off of trees.  Earning money is WORK.

When you have to work for your money, you should be a little more conscious about how you spend it. After all, that new gizmo you want? It will take 45 hours, or more than a solid week, of work to pay for it. When you look at objects in terms of work required to purchase, it might help you to be more discriminating about what you really want.

Of course, there’s always a credit card. Banks are more than willing to lend you money to buy the things you want. And it’s easy enough to whip out the plastic when you want to buy something. But you need to consider the consequences of not paying that item off right away. Add another 10 hours to its real cost, because of the interest you will pay on the credit. Now, is that gizmo really worth 55 hours of your time? [click to read…]

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Save Money While Traveling With Family

by Guest on April 24, 2014

Traveling-with-kids-familyYour finances make for a crucial aspect of your trip planning process- no matter whether you’re traveling solo, with friends or with family. Your mode of transport, accommodation, and itinerary- almost everything will depend on your budget. However, as a frequent traveler you should not miss out on chances of making up the most of your vacation within your budget. It’s imperative that you keep track of the latest discounts or the holiday packages offered specifically on the destination of your choice. Here is a rundown on ways to save money while you’re traveling with your family.

Plan your trip wisely

One of the crucial steps to saving up substantially while traveling would be to travel during the shoulder season. This is the time when accommodation, flight tickets and hotel room rents are much less expensive. The trick would be to plan your trip between the peak and the completely off-peak (for instance, the hurricane) season. Choose a time that falls between these two seasons- shoulder season. For instance, if you’re traveling to Europe it would be advised that you do it either during April- May or from mid-August till October. The climate remains soothing and there’s no real rush f tourists as well. There are solo trippers who choose the school year as well but that would be a little difficult if you are traveling with family. Even after you have booked your resort or hotel you can go back online in order to check if there are better deals available or are posted until the time you leave. If you can find something of that sort, do ask for those deals.

Keep your Dates Flexible

This is something very difficult especially if you are traveling with your family with all of you all having different priorities in all likelihood. However, it’s always better to at least try and reach a decision whereby you would be able to rake in the best of holiday packages available. As already mentioned above, the shoulder season remains an ideal time travel for frugal tourists who are not too fond of tourist rush as well.

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family finance tipsEveryone has their opinion on what you should and shouldn’t share with your children about your family’s financial situation.  Some say you should be really honest and if your family is struggling financially, then the kids should be made aware of it.  Others say that you shouldn’t tell your kids anything at all as it’s not their problem.

I would venture to say that neither approach is healthy.  If a child is in a family that is currently experiencing financial difficulties, it’s a good idea for them to be kept in the loop to a certain degree, but certainly not to the extent that they feel burdened and pressured to find a job to help support the family.

I can say this from experience.  When I was growing up, my mother was a single parent for most of my formative years.  We lived on an extremely tight budget, and while I was aware that things were tight, I was never led to believe that we were going to go hungry or become homeless.  My mother never told me that we were in trouble, even if we might have been.
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afterschool programs for kdisAfterschool programs are a wise choice for you child every afternoon. Afterschool programs not only provide parents with piece of mind and security after 3 pm, but they also provide kids will lots of learning and socializing opportunities that can help advance their development and take advantage of their free time in the afternoons. Here are some useful tips and resources to help you find affordable, quality afterschool programs for your child.

Using the Internet is a great way to find out about afterschool programs near your home or your child’s school. You can access databases online through a search engine so that you will be able to identify programs in your specific area. This can help you find day care options or facilities that offer educational programs or even trips! Some sites even allow parents to write reviews for your reference.

Another option is to contact your child’s school. Often schools provide free afterschool programs themselves. These can range from clubs and sports teams to tutoring opportunities or groups that go on educational trips after school hours. Reaching out to your child’s teachers or even the principal can help you to find out about great opportunities that they have the inside scoop about. Also, these individuals will have a good idea about which programs may best suit your child’s needs, personality or interests for an ideal fit.
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