How To Teach Kids About Saving Money

Most of us, at some point in our lives, have made some financial blunders. Because of this, we usually want to teach our kids to avoid our mistakes and be smart about finances. However, it can be difficult to teach kids about smart financial practices when they seem too young to really understand the value of a dollar. To help you raise kids who understand money and are smart about finances, follow these tips on how to teach kids the value of a dollar.

Teach Them About What Money Is From An Early Age

Just about every moment you spend with your kids has the potential to be an opportunity to educate them and shopping is no exception. When you shop with your kids, explain to them the concept of how much things cost and how much you’re paying for the items you’re purchasing. These little informal lessons will help your kids to understand the concept of money from a young age.

Make Saving Money Fun

Kids don’t get excited about saving money easily. To young kids, the pleasure of saving money is difficult to grasp, while the pleasure of spending money is obvious. Use tools that will make saving money fun, such as personalized piggy banks. You can also help them to save for an expensive item by teaching them how much money they will need to save each week in order to be able to buy the item in a few months.

Create A Smart Allowance System

Allowances are a great way to teach kids about the value of a dollar. However, allowances are only educational when your kids are receiving that money in exchange for chores or good grades. It’s essential that your kids learn that money is earned and not just received. If your kids skip their chores or receive bad grades, it’s important that you withhold their allowance, no matter how much they might complain or beg.

Raising financially smart kids is challenging, but if you follow these tips, you can train your kids to understand the importance of earning and saving money. Your kids will have happier lives financially if they are educated about money from a very young age.

Saving Money While Shopping

The Internet can be a great tool for those who are looking to save a little money on all of the things that they buy. If you are looking for shoes, a new grill or school supplies for your kids, you can find them online at a steep discount. This may be true even if you go to a retailer’s website as opposed to visiting a wholesale or outlet store website.

Another idea when trying to save money while shopping online is to use auction sites. Auction sites will put items up for bidding at prices that could be as much as 90 percent lower than retail. This may allow you to buy a big screen television for pennies on the dollar or buy a new computer that you otherwise may not have been able to afford.

Using sites such as BuyMerchant.com can provide you with more value for your dollar. When you are able to spend less on the things that you use each day, you can put more money into a savings account or into a college fund for your kids. Over time, you will revel in the fact that your financial future is more secure without having to give up th

You Can #SaveX2 At Your Local Meijer! Here’s How.

meijerWhat makes gift cards so attractive is the fact that everyone will be able to save even a little something.

Hey, even a dollar is already big. Nobody will give you a dollar out of the blue. I am the same as everybody else. If I can save even a dollar out of something, I am totally happy with it.

Buying gift cards at your local Meijer BEFORE you shop, dine or hit the town can not only save you money, but also earn you extra credit card rewards.

Now through 9/6 (or 9/10 in Chicago, Indiana and Ohio), savvy shoppers can double dip on savings when they purchase gift select gift cards.

I bet the next thing in your mind is HOW?!? Here’s the thing.

  •  Promotional Offer: Get a $5 coupon toward your next shopping order when you buy $50 in gift cards from: Unos, Cold Stone, The Children’s Place, Lane Bryant and Catherine’s, Steak and Shake, Express and Darden Restaurant Card.
  • Earn Credit Card Rewards: By using your favorite rewards credit card to purchase, you can earn points, miles or a percentage back on your purchase. Some credit cards even offer increased rewards for purchases made at grocery.

Let’s see how you can save $7.50 when you purchase $50 in participating gift cards:

  • $5 off: When you buy two $50 cards (in two SEPARATE transactions). Be sure to use your mPerks card, and make note of the expiration date on your coupons!
  • $1.50 back: If you earn 3% back on grocery purchases through your credit card

They are also offering an opportunity for everyone to join and get a chance to win a $50 Amazon Gift Card. Enter a Rafflecopter giveaway.

Now, I don’t know with you since we all have different preferences but I am picky when it comes to gift cards. Any gift card that I can get, I am totally fine with it and I tend to be picky in terms of what to use the gift cards for. They are not free anytime, right?

I tend to choose items that I can use for the long term like clothing and apparel. However, food is also not far behind ;).

Goodluck, joining the contest!

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