• This is What Happens When You Give a Teen an Allowance….

    So, this afternoon I had a fun shopping trip with my 13 year old daughter.  I happen to love shopping (yep, frugal AND a shopping lover!) and I love quality time with my kids, so it was a GREAT day! However, shopping trips with my daughter tends to bring some stress (for me) and anxiety (for her). You see….once my kids reach the age of 13 they are required to pay for all of their own clothes, along with a few other expenses.  We have decided instead of mom and dad deciding what clothes are in the budget, we would give her an allowance so SHE can decide how to…

  • Money Lessons for Kids: The night we taught our kids the TRUTH about money

    I have been wanting to give our kids a really good object lesson about how to handle money.  We talk about this topic constantly, and we give them chores and an allowance to help them learn how to save and spend wisely, but I just kept wanting to find something that would make a big impact on them and the real adult world. I began brainstorming ideas and came up with a game plan that ended up having a greater impact than I ever could have imagined. We told the kids that we were having a family meeting and that they all needed to come join us.  We excitedly announced to…

  • The Envelope Money System: A Beginners Guide

    About a year ago I changed the way I was spending money.  I decided to quit using my debit card for purchases and try only using cash.  I’ll be honest, I did not think this change would make much of a difference.  I am a little bit prideful and a lot of stubborn and I really felt that I was strong enough to spend smartly with my debit card. It only took one month of paying with cash to realize that I was so so wrong!  I couldn’t believe how quickly my wad of cash depleted.  It was a huge wake up call as I watched my cash fly out…