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Teaching Kids to Save

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Are You Violating 5/50/500 The Money Rule?

The 5/50/500 Money Rule

Preparing your child to live an independent life may not be on the top of your to-do list, but if you knew the impact of the 5/50/500 money rule, you’d want to get started today. Here’s how we first learned about it.

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Making Music — Smarter and Cheaper

music lessons

Music lessons and kids seem to go hand in hand — two of our five kids play instruments . . . the others play the radio. Over the years we’ve searched and landed some really good deals on instruments and also found some awesome instructors. Subscriber Donna Korzun from Dowagiac, Michigan offers some of her ideas (with our comments in italics) on how to get the most out of your musical instrument money . . . hey, these ideas don’t just apply to kids — some of you play instruments also.

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The Big Transition

Ready to leave the nest

No matter how long ago it’s been, everyone who has ever given birth, adopted or just loved a child fondly remembers the many firsts. Their first smile, the day they first rolled over, their first steps and their first plaster hand print . . . do you remember? The years rush past in a blur until those cuddly babies want fewer cuddles from us and are preparing to face the world on their own.

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Vacations When Your Economy Is Down

suitcase

Yes, these are uncertain times. Yes, unemployment is on the rise. Yes, money is tight. But if you’re thinking there is no way that you can take some well-deserved time off for a vacation this year the answer is NO. Well actually that is a double negative, so the answer is really YES . . . yes you can have a memorable and enjoyable vacation. But before you start jumping for joy as if you won the lottery we must qualify our statement. Yes you can take a vacation as long as you spend only what you have saved — meager as it may be.

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Saving Water With Sailor Showers

Sailor Showers Save Water

We were on the set of the Dr. Phil TV show in February 2009 when the good doctor asked us to share a few things we do to save water. We mentioned putting a water bottle in the toilet tank and using drip irrigation rather than flooding to water our landscaping. Then Steve mentioned that we take “sailor showers.” Dr. Phil was astonished and asked us to explain.

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When Is Enough...Enough?

Stop sign

Americans are infatuated — maybe even obsessed — with people who have what we don’t. The media encourages our coveting by presenting a steady diet of lifestyles of the apparently rich and famous in magazines, on TV’s celebrity news and on Internet sites. We dress like celebrities, talk like them and may secretly aspire to live like them.

 

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This Is The Life!

fishing boat

This story has been around for a long time, but it bears consideration especially in light of our current economic circumstances. Is progress, really progress?

A fishing boat was docked in a tiny coastal village south of the border. An American tourist complimented the local fisherman on the quality of his fish and asked how long it took him to catch them. “Not very long,” answered the fisherman.

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16 Ways To Start Saving This Year

brown bag lunch

Gas prices may have come down a bit, but other prices haven’t. Using some of these simple money saving ideas will help you put more money in the bank to protect your family against the uncertain times ahead.

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I Wish I May, I Wish I Might...

wish lists

We’ve always made lists: chore lists, errand lists, to-do lists, projects lists, possible baby-names lists, financial goals lists, Christmas lists — and the lists go on and on. But years ago, when we were “dirt poor,” we started doing something that has stuck with us to help avoid impulsive and costly purchases. It has also helped us to stay focused on what we really want and has given our kids and us great satisfaction. It’s something we call a wish list.

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