Here are 100 money saving tips you can use to pay off your debt, give or save to invest. If you like it please share on your favorite social network.
What are your best money savers? Tell us below in the comments.
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How do you help your kids manage money? This is an article where I don’t think I have the one right answer. My girls are still young and have trouble understanding the value of money. We have tried a few things to help them get the concept, but I think these ideas are all part of the whole and not magic cures in and of themselves.
My wife and I have been fairly open about how money works and the value of it. (Although because kids talk I still haven’t told them how much I make.) We explain that everything costs money and how much. I explain that God has blessed me with a job to be able to pay for our home and our food. We tell them how we give to the church regularly and the other ministries we sponsor. My wife takes them shopping and they understand the cost of items. When they ask why things cost money I explain how capitalism should work and how it should be a win-win for everyone. They have a few business ideas I need to encourage because of these conversations and a few episodes of Shark Tank.
Well they work for it. They earn tickets for doing their chores which can be traded in for money or screen time. Their money is divided into a three part bank for giving, spending and saving. Any money is spending is theirs to do with that they please. (Although it is really hard when they want to buy crap.) Saving money must be targeted to a larger purchase they are working towards. Their giving must be directed outside of our home to church or to something else like the girls we sponsor through compassion international.
This is hopefully setting a pattern in their life. They are able to save money and delay gratification. They love to give money to good causes and have even thought of a few creative causes on their own. This is great because it gets them thinking about someone besides themselves.
You remember the saying, you can lead a horse to water? We show our kids the wise choices and explain them to them as best we can but we still let them make bad choices. “You can buy ice cream from the truck or you can buy a whole box from the store at the same price.” It seems to be working more and more as our older daughter is talking to us about her thought process and the smarter choices. I am sure they won’t always make the right choices but who does? We have let them suffer the consequences of their bad habits so they will hopefully learn a lesson down the road.
Did you parents do anything to help you understand money? What worked what didn’t work? What will you do with your kids? I really want to know because I don’t have the answers on this one.
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As part of my New Year resolution I have posted my very first Ebay sale. It is a hard drive that has been sitting on a shelf in the box for a while now. The reason for the sale is two fold; we are looking to save up for a down payment for a house and so I am going to try to sell some things we have had around the house that we no longer need and secondly our house feels too crowded with stuff and we are looking to simplify and get rid of things we no longer need or use.
A lot of things have changed since I last looked at selling things on ebay which made my first ebay sale much easier.
The item sold after a week for $35, which is more than I paid for it. All in all Ebay has improved a great deal since the last time I had looked into selling. It could be a great way to earn some money and simplify your life by getting rid of some things you no longer need.
I have talked to many couples about money over the years and there always seems to be some tension around money within marriages. According to some evidence fighting over money greatly increases chances of divorce. It may be a testament to how powerful the love of money is in our culture.
My wife and struggled with how to handle our finances in a biblical fashion and how to handle money issues within our marriage with the grace of the gospel and we have learned a few things about preventing fights about money in marriage:
This list, like most of this blog, is a monument to our failures. We have learned many of these lessons the hard way. What else can you do in order to prevent fights about money in marriage?
When you are trying to live with stewardship in mind you often have to think differently than you may normally to have fun and entertain yourself. Here are a 13 free entertainment ideas. (or Almost free). Many of these things consider sunk costs, example number one assumes you already have a GPS or a smartphone.
What are things you do to entertain yourself for little or no money? Let us know in the comments.
Most people know about Amazon. Many people order electronics, books and toys from the E-tailer. Fewer people know that you can order all sorts of household items from Amazon. We order most of our non-perishable household supplies from amazon as well.
Amazon started from an online bookseller in 1995 to being one of the largest internet companies in the world selling everything from books to furniture. Amazon has prices lower than most stores and they often deliver free to your door (if you have a prime membership or order $25 or more in qualified products).
But Amazon Subscribe and Save is almost a secret compared to other offerings by the online giant. If you can plan carefully it can save you a ton of money.
Amazon Subscribe and Save is a subscription ordering service. You set up a subscription to have a product delivered in 1-6 month intervals and receive an additional 5% off your purchase. If you have 5 orders arrive on the same monthly subscription delivery date you save an additional 15% off your entire order. This is where the planning comes in. Take a look or keep track of what you are buying and how often.
What all is available from Amazon by subscription? Almost everything! Non-perishable grocery products, cleaning supplies, baby supplies diapers, cat food and dog food almost everything you could want that doesn’t grow on trees. You can see the vast selection here. If there are products that you buy regularly you should compare prices to amazon.
Just as many with many deals, you have to watch carefully. Just because you are buying in bulk or subscribing does not mean you are always getting the best deal. In preparation for this article I took a walk through our local Kroger and compared the prices on Amazon. While some prices were great savings others items were cheaper at the store. There were a few items that would be a better deal on Amazon if timed correctly to enable the additional 15% savings for having 5 items delivered at the same time.
Here are the prices I reviewed. Red means Amazon was a higher price; green indicate Amazon had a better price.401(K) 2013
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