saving money

consumerism

16 Ways to Kick-Start Frugality

Our friends at Wise Bread have a bunch of ideas that can save you money: One great thing about being frugal is that once you start doing it, it kind of snowballs.

Our friends at Wise Bread have a bunch of ideas that can save you money:


One great thing about being frugal is that once you start doing it, it kind of snowballs.

I've been frugal my whole life, partly because I believe that saving money is just as good as making it, and I don't like overpaying for something. But what really kick-started my frugal lifestyle was being laid off in 2008 from the newspaper industry. Without a full-time job, I no longer had benefits and the same income I had before, so some frugality was called for.

Related: New Year, New Spending Habits

Here are 16 tips I've learned, either on my own or by talking to people cited below, to kick-start frugality and make it an everyday part of life. Some are small tips to save a few dollars a week, and a few are big that can add up to hundreds (if not thousands) of dollars, so be sure to start with the easy ones before jumping to the big ones.

Read on to find out what saves big time.

Tips

Host a Budget-Friendly Night In: Music Swap

Between Coachella weekend two going on and all the music festivals ahead, we can't help but be in tune with, well, our favorite tunes.

Between Coachella weekend two going on and all the music festivals ahead, we can't help but be in tune with, well, our favorite tunes. That's why we're proposing a music exchange to get in the spirit of the season.

It's a pretty simple (and old-school) concept, but one that's gotten lost with all the current ways to listen to music out there. Just ask friends to come over with their favorite songs, make sure you have speakers set up for all to hear, and listen to some jams all night. Bring out wine and cheese, but it doesn't have to be too fancy of an evening.

Chances are you'll end the night either hearing songs for the first time or reviving old ones you haven't listened to in ages. How's that for an easy but fun way to spend the night?

family life

My Mom's Most Important Home Management Tip

Whether we notice it or not, as children we learn so much from our moms about how to keep a family home running smoothly.

Whether we notice it or not, as children we learn so much from our moms about how to keep a family home running smoothly. Here, we're sharing some of the best nuggets of wisdom that have been passed down from mom to mom about managing a family home. Add your own mom's wisdom in the comments!

Source: Shutterstock
Thanksgiving

9 Black Friday Shopping Tips

For some, shopping the Black Friday sales the day after Thanksgiving is a family tradition while others avoid it at all costs.

For some, shopping the Black Friday sales the day after Thanksgiving is a family tradition while others avoid it at all costs. Whether you'd prefer to get your shopping done in line or online, these nine tips will help you make the most of the hunt!

saving money

Smart Guidelines for Teen Allowances

Lisa is tired of feeling like a drive-through bank for her 14-year-old, who is always asking for money.

Smart Guidelines for Teen Allowances

Lisa is tired of feeling like a drive-through bank for her 14-year-old, who is always asking for money. So she decided to turn off the A.T.M. and give her daughter a $20 per week allowance for doing household chores. "This has helped greatly when we go shopping and she wants something," shares this Circle of Moms member. "I just say, ‘Have you got any money?'"

The money-doesn't-grow-on-trees dilemma Lisa struggled with is one that many parents of teens discuss on Circle of Moms. And many say that Lisa's solution, while a good one, spawns questions, such as whether you should insist on some control over the way your teens spend their allowances and whether you should stop paying for their discretionary purchases. Here, Circle of Moms members offer up a variety of ways to deal with these allowance issues.

Deciding Between a Tight or Loose Leash

When Jill’s daughter earns her allowance every two weeks, her husband deposits it directly into the 14-year-old's savings account directly from his paycheck. She and her husband then dispense the money as needed. "We give her cash when she needs it to go out with friends or [to] buy books to read," shares Jill. "She always gives us our change without being asked. She knows the value of a dollar, and in some ways, seems more in control of finances than her parents."

In other Circle of Moms member households, teens are given more control over their allowances. The money is simply doled out and the kids are allowed to decide themselves how to spend it. A member named Allison, whose children "get to use their money for whatever they want to buy, [like] a snack at the pool [or] saving up for a toy," says that giving them this latitude has helped to teach them the importance and value of money, because they get to experience their funds running dry firsthand: "It's amazing to see how they think twice about wanting something when it is their money paying for it instead of yours," she says.

 

Rewarding Money Smarts

If you choose to give your teen a longer leash, moms recommend building in ways to teach kids to be smart about money. In Julie's home, for instance, her kids are given full control over their allowance but are also given an incentive to save: "If they chose to [put the money in the] bank," explains this mom, "my husband has told them he will double it. This teaches them the principles of saving, investing and building interest."

Dawn and her husband have a policy about purchases that works similarly: they will chip in for an item one of their teens wants only after that child has made a concerted effort to save for it themselves. "They're learning a lot about budgeting. If they're working hard and doing well in school, and have saved a fair amount of money, I will help them buy something (within reason).

Incenting Your Teen to Save Up for a Goal

Other Circle of Moms members teach the importance of saving by expecting their kids to save up their allowances to pay for the big ticket items they covet on their own. A member named Joey says her daughter pays for everything herself, and has so far "saved to buy an iPod touch, then a lacrosse rebounder, and is currently working towards a trampoline." This mom reports that her daughter is getting a lot out of the process: "She enjoys calculating how long until she will reach her goal. It's a great way for [her] to get the items that I won't buy. Paychecks are a part of the real world, as is budgeting, saving and spending. Kids may as well learn now how to handle money in a responsible way.

What limits do you set on your teen's allowance?

Image Source: Tax Credits via Flickr/Creative Commons

The views expressed in this article are those of the author and do not necessarily represent the views of, and should not be attributed to, POPSUGAR.

saving money

5 Ways to Teach Your Child About Money

Kids often don't understand why they can't get a new toy, or why a credit card can't be used for everything.

Kids often don't understand why they can't get a new toy, or why a credit card can't be used for everything. Instead of getting frustrated with their demands, teach them about money and how to use it wisely. Here are five simple tricks suggested by moms.

saving money

5 Tips for Raising a Teenager Alone

When MJ recently found herself divorced and struggling to raise two teens alone, she put out a call to the Circle of Moms community: "How do I get through working, studying and raising two teenagers alone?

5 Tips for Raising a Teenager Alone

When MJ recently found herself divorced and struggling to raise two teens alone, she put out a call to the Circle of Moms community: "How do I get through working, studying and raising two teenagers alone? I’m feeling lost, lonely, sad and overwhelmed," she says. "I guess I’m looking for hope. Has anyone else been through this?"

So what’s the secret sauce that enables single moms to do it all? Here, Circle of Moms members who are the single parents of teens share the choices and priorities they have made to handle life as a "double parent" of teens. Many have had to zero in on what really matters. Here are five insights that will inspire any mom of teens with her own juggle.

1. Set Goals and Prioritize

You’ve got to have a plan in place and go after it at full speed, say Circle of Moms members like Megan B. “You have to set goals for yourself and show your girls that they too can overcome any obstacle in life to achieve what they want. It's a life lesson that can only be taught by example."

Megan recommends that single moms of teens make an extra effort to involve their children in discussing goals, not only to set an example, but to get teens on board and supporting their mom. "Have your daughters help you study or make dinner and this quality time will make them feel like a contributing member of the household, not to mention the benefits of them picking up good study/work habits," she adds.

Staying strong and in control are also key, says Lysa M. "Remember you are the parent," she stresses. "Even good kids will push you every now and then."

 

2. Sometimes You Have to Sacrifice

With no backup team to lean on, one thing single moms become experts at is sacrificing their own needs to give teens the extras, says Roohi N. "I went through this when my son was 12," she says. "I went back for my MBA and worked and went to school and took care of my son. My ex husband doesn’t give me any support financially and morally with my son. So, I had to take a smaller class load and there were no vacations."

Bobbie H. says the sacrifices are worth it. "I sacrificed greatly putting their needs above my own, I sold a car and took a bus for two years so that I could put a down payment on a house and not pay someone else’s mortgage by renting from them. I packed lunch every day, never eating out so that they could have cute clothes and school supplies and school extras. I had the same coat for four years, same jeans and tops. All mothers sacrifice."

3. Find a Support Network

When Shelly B. found parenting her teen sons as a single mom overwhelming, she sought out a support network for her sons and another one for herself. "Check into a Big Brother program to find strong male role models for your sons," she recommends. "That will help you with the hard stuff of parenting. And ask for help for yourself. You need to find a place to vent and scream or just whine."

4. Make Your Kids Step Up

Money matters can be a huge stumbling block for single moms of teens, especially when expenses like college loom in the near future. Patricia Q. and other moms have learned to share some of that financial responsibility with their children, which they believe will make them more independent and self reliant in the future. "Your kids could babysit, dog walk, dog sit or get creative in helping you out financially a little bit," she says.

 

5. Take Small Breaks

It’s not practical for single moms of teens to head off on a lengthy vacation to chill out, but you can recharge your batteries. "It'll give you that breath of fresh air you need to keep pushing forward," Megan B. says. "It’s a strategy for all moms. As mothers we often forget about our needs and how important our emotional/physical well being [are]. Go have some coffee with friends or have some 'girl time' with your daughters. A little goes a long way," she adds.

Christy S. suggests escapes as simple as taking a walk down your driveway, or getting some exercise: "When I was a single mom and I felt like I was on overload and never got a break. I walked to the mailbox and the children knew that was mom's alone time. The body thinks and feels healthier when you exercise," she says. "Talk about stress relief."

What tips do you have for raising teens alone?

Image Source: Emery Co Photo via Flickr/Creative Commons

The views expressed in this article are those of the author and do not necessarily represent the views of, and should not be attributed to, POPSUGAR.