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Kids and Money

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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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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Where Are You Going? For Teens By A Teen

money in savings envelope

By Abbey Economides

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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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Creativity and Succes

expensive Gym shoes

I was surprised to get my Home Economiser newsletter in September and see my note that I sent a few months ago. (Sybil had read our book, and with her husband had quickly paid off two large debts and built some savings. Two months later her husband lost his job).

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13 Ways to Destroy Your Kid's Financial Future

Kids and Money

It was a Tuesday — 99-cent scoop night at Baskin Robbins. Several Boy Scout adult leaders were sitting and talking at a table while the kids were getting ice cream. One dad looked at Steve and said, “My 16-year-old daughter has put a full-court press on me to give her a car. All of her friends at school are getting them — and we’re not talking used Chevys — it’s more like BMWs. What do you do for your kids when it comes to cars?”

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