Friday, October 10, 2008

Saving Smart! Series: Day Ten

Well, friends, this marks the end of my Saving Smart! series. I'm glad so many of you have liked it and thank you for all the feedback! To mark the end of the series, I am giving a away a free book! Simply leave a comment (on this post) letting me know which day's tips you most enjoyed, and you will be entered to win!

I will draw a winner from all comments posted by the end of Wednesday (October 15th). If you win and already have the books or aren't interested in them, you can bless someone else by passing it on to a friend!

And now for my last tip of the series! Today's tip is all about passing it on. Passing it on to your kids, of course! If you have had financial troubles, break the cycle and teach your kids wisely about money so that they do not also struggle!

Teach them how to give, save, & spend wisely.
Let them have their own piggy bank or bank account and make sure they understand how much to save, spend or give.

Teach them how checks, credit cards and debit cards work.
Make sure they understand that when mommy takes money out of the ATM, it's not just some money machine that freely gives to everyone!

Teach them how to use coupons.
Give your kids the coupons to hold as you shop and ask them what the new price of an item will be once the coupon is applied. Show them the total savings at the end of the shopping trip on the receipt!

Give your kids an idea of how much money your family earns.
ie: "To pay for these new jeans, daddy would need to work for two hours."

Teach them how to budget their money wisely.
This is especially true if you have kids in middle school or high school who have more expenses.

Let your kids choose where they want to give their money so you can truly know their heart!
If they want to help animals, let them. If they choose to give to a needy child at school, let them. If they want to save to buy a new bike for a poor child down the street, let them!

~~~~~This is Part Ten of my Saving Smart! series. Be sure to stop in each day from October 1st through October 10th for more money saving tips and advice. For specific money saving questions, please email me.
"For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs." 1 Timothy 6:10

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