Browse Category: Saving

Yes, Your 11 Year Old Can Learn to Budget

For over a year, our family has been using FamZoo. Now that my kiddo is starting middle school, I felt it was a good time to introduce budgeting. (Okay, actually I was really excited!)

I started with a paper budget that had five categories. That lasted for all of a hot second before we ran out of space — even kids need more than five categories.

Enter YNAB. I’ve used it for years (you’ve heard me love on it before) — why not have J give it a shot? It also seemed like a good time because he could use the YNAB app on his new cell phone.

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How to save money to buy a car

How do I save enough money to buy a car?

A few weeks ago I was talking with a 15-year-old who had just started her first job. She mentioned she wanted to buy a car and opened a savings account to start saving. She had $100 in the account already and the car she was looking at was $3,000.

I started crunching the numbers in my head and coming up with a game plan (because that’s how I roll).

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Camera, sandals, hat, work money lessons into family vacation

How to Work Money Lessons Into Your Family Vacation

Does your family take a vacation every year (or every few years)? It doesn’t have to be a big trip or far away, but something special and out of the ordinary.

Last year I participated in a round table discussion on the Stacking Benjamins podcast about family vacations. (Listen here!) I had more to say on the topic and it’s a great time to start planning your next vacation, so let’s talk about how you can get your kids involved and work in some money lessons, too.

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Making Money with Chores

Making Money with Chores

Today’s post comes to you from my son, J! He’s here to talk to you parents about paying your kids for chores.

Hi, I’m J. Here are some reasons why you should pay your kids for doing chores. One, you won’t have to do them yourself. Two, if your kids don’t do any chores they won’t make as much money as they could be making. If you pay them to do chores, they can earn money and learn how to manage the money. Three, if your kid doesn’t do work around the house, how will they know how to do it when they grow up? Continue Reading