Browse Tag: spending

Header for Pay Day - Our New Favorite Board Game

Pay Day – Our New Favorite Board Game

I don’t normally go out on Black Friday, but my sister and her husband came home this past Thanksgiving, so a trip to Target was in order. While shopping, I stumbled on a magical game called Pay Day.

A quick scan of the box showed that it was a money management game, and I knew I had to have it. Plus it was the “retro” edition, which made it even more desirable. (Why is that?)

I bought the game (for a discount because the Cartwheel price was lower than the in-store price) and we played our first game that weekend.

The Game

The rules are easy. Everyone starts out with $325 (in the retro edition). The board is a month, and before the game starts, you decide how many months you want to play.

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We Did It! An Update on Saving for A BIG Lego Set

A few months ago, I had a parenting win. J received a gift that he couldn’t use, and instead of exchanging it for something right away, he returned the item and put the money aside for something he really wanted — The Temple of the Ultimate Ultimate Weapon Lego set.

This BIG set cost $99.99, and with 6% tax, he needed a total of $105.99.

He started on August 26, 2017 with $25.17 in a Target gift card.

By saving $8.00 every two weeks (of his $9.00 allowance), he calculated that he would reach his goal on or before January 19, 2018.

The Power of a Goal

Not only did he save part of his allowance, but J was inspired to do chores for extra money and also added in some gifts from relatives. Both accelerated his progress towards the goal.

On November 10 (2.5 months in), he had $90.67.

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Delayed Gratification For The Win

Several weeks ago, my sister sent J a gift in the mail — the Harry Potter Lego Dimensions Team Pack. J is a HUGE Lego fan, so naturally Legos are a great gift for him.

When he received them, however, he told me that he didn’t have the rest of the parts necessary to use them. Apparently you need a starter pack, and oh, it’s available for PlayStation 4, PlayStation 3, Xbox One, Xbox 360, and Wii U.

Yeah, we don’t have any of those.

I immediately stopped investigating how we could play with this toy, and we started brainstorming on what we could do instead.

Now what?

J decided to return the gift and get something else. Having no idea how much Lego Dimension Team Packs are worth, we headed to the store and hoped for the best. (Seriously, though, how much could it be? There were like four pieces in this tiny box.)

Imagine our delight when we found out the return value was $25 (!!!). We walked around the store for awhile, trying to find something to get instead. He picked up a few things, but there was nothing that he wanted that he could afford.

So we took a step back. I asked him what he really wanted.

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How Much Does Your Vacation Really Cost?

Back in March, we went on a road trip and J calculated how much we spent. I thought it was great for him to be able to see exactly how much a vacation really costs.

So when we went to Virginia Beach a few weeks ago, I wanted to have him calculate the cost again, with a few tweaks.

During the trip, we collected all receipts in a folder. We didn’t attempt to do any worksheets or calculating while we were away! A few days after we got home, we sat down and filled out our new and improved trip log (once all of the EZ Pass transactions posted).

This time, we divided all of our receipts into categories. We ended up with seven groups: gas, tolls, groceries, eating out/snacks, household items and lodging.

He labeled each green box with the category. Then he used a running total approach with the register. This involves:

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