Friday, August 28, 2009
Monday, May 18, 2009
Find other creative ways to buy things.
• Get one filling done at a time at the dentist.
• Selling something on Craigslist to pay for that Carnival coming up that your family wants to go to.
• Call your bank and setup an automatic debit from your checking account to your savings account of $25 a week. You will have saved $1,300 for Christmas by the time November comes around when you need it.
Make it a challenge, an adventure to figure out how to pay for everything without debting.
It is amazing to me how we don't miss the money when our savings is automatically transferred out to the savings account.
Tuesday, May 12, 2009
Friday, April 24, 2009
I've told all our children if they save money for a car, Daddy and Mommy will pay for the other half. Dave Ramsey calls it 401K Dad.
She asked where the bank was and I told her it was on the computer. Her account is at ING Direct. So she sat on my lap and we logged in. She looked for her name and found it on her savings account. I transferred a dollar from our savings account to her and told her she now had more money in her account. Then I took her real one and put it in my wallet to deposit back into our savings account.
She looked a bit sad, but she'll thank me later!
Monday, April 20, 2009
Thursday, April 16, 2009
Our 8 year old knows how much money she has, and thinks $20 is a lot of money. We have to work better on splitting their allowance money into categories. Most of the time their allowance is dolled out in $1.00 bills, so the actual splitting into different savings piles is difficult. I'm going to try to make it my goal this month to have the money split before I give it to them, so that we can work with them on saving long term, spending, and giving.
We've not directly tied allowance money to chores because our 8 year old would just give up the money and refuse to do the chores. I want them to do their daily chores because they are part of the family not because we pay them for them. An allowance is to teach them responsibility with money and let them buy things and learn how much they really cost.
I've been using the $.50 per year allocation, so an 8 year old would get $4.00 a week. It adds up quickly when they aren't buying anything! It is hard for me to make them part with some of the money to put in their savings accounts. I know they wouldn't really miss it, but that part of the training is hard for me to deal with. Hmm, maybe I need to look into my own feelings about saving on this one...
Wednesday, April 15, 2009
It's nice that the kids get a trip to an amusement park without any output from our budget. I know they will have a wonderful time and create great memories with their grandparents.
Didn't do so well keeping in our dining budget this week, but it was a nice treat to go out to lunch with my husband! We do that so infrequently. Our monthly date nights are so welcomed and relaxing. I enjoy our time together. Lunch was a welcome distraction.
The economy is still lagging, but people in our neighborhood don't seem to want to talk about the true effects it has on them. Some seem to be cutting back, but others are spending at rapid rates. It really has to do with our spending and saving habits before the economy went south.
Monday, April 13, 2009
My name is Shay. I'm a stay at home mom who is turning 40 this year. I have been married to my best friend, Wally for almost 12 years. We have three beautiful, smart, sweet children; Abigail, 8 Spencer, 5 and Claire, 3. We own our own network consulting business and I am the main bookkeeper.
I have so many ideas floating around in my head. I'm not sure where to start. My main blog interest is in financial topics and the emotions and values surrounding it. Parenting and organizing are also interests of mine as well. So you may see a parenting or organizing tip thrown in here or there as well.
I have been the main budgeter and money handler in our marriage and business. I love doing it for the most part. I'm definitely the numbers cruncher. I love spreadsheets and reports. My husband trusts my decisions, so I tend to do my own thing, sometimes with bad results. I've learned so much about money in the last 2 1/2 years. Things in my life have changed. I've become more focused and less selfish for the here and now stuff and more about the long term effects of our spending. I read Dave Ramsey's book, Total Money Makeover and it changed the way I look at income and debt. I had always been a budgeter, but usually overspent and charged on credit cards. We are currently paying off our debt and saving an emergency fund.