Browse Tag: spending

The one thing I wish I had known about when I first started working

Letters from Mom: The one money trick I wish I had known about when I started working

Letters from Mom is an ongoing series where I share words of wisdom with my son. Read more letters from mom.

Dear J,

When I graduated from college, I was really fortunate to get a job immediately at a great company with an excellent starting salary.

I got paid monthly and took home $2,673.61 in my first full month of work. Curious to see the actual pay stub?

At the time, I knew enough to put some money aside into a savings account. I set up direct deposit to deposit $100 to my savings account per pay period and the rest to my checking account.

With each raise, the rest got bigger and bigger. The amount I was saving did not.

Guess what happened?

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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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An honest look at my finances; YNAB budget

An Honest Look at My Finances

Do you know how much your parents made (or make)? Or how they really spend their money? I don’t.

What about your friends? Even the close ones?

I can think of just one person whose salary I know (my signifiant other), and even then, I don’t know the details of how much he’s saving or spending in various categories or what his big picture looks like.

We tell our kids not to worry about what other people are doing, so why should we be concerned with what other people make, have or spend?

For MANY of reasons, but here are two.

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Budgeting for Christmas gifts

Budgeting for Christmas Gifts

In one of my very first posts, I shared a short-term savings plan for Christmas gifts. Kids can totally learn to save for Christmas gifts and purchase them by themselves. I’ve found that it makes J feel good to save the money, think of thoughtful gifts, make the purchase and wrap gifts on his own.

Because we’re using FamZoo cards now, we decided to utilize both the budget and additional account features for J’s yearly Christmas gifts list.

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