Search Results for: blog should kids help with their own living expenses

When You Want to Stay at Home

Many moms, myself included, learned how to live a frugal lifestyle in order to be able to stay at home with their kids. If you are feeling the same way, but you don’t know where to begin, whether or not staying home could be a reality, or how to convince your spouse that it is possible, keep reading. I have real life advice and experiences. It Costs Less Than You Think For most people, having one parent give up an income to stay at home has less impact on your daily finances than you might think. This is because there … Continue reading →

Would These Fictional Characters Need Life Insurance?

There are many people who believe that life insurance is an unnecessary expense. The reality is that your life insurance policy can provide your family with the finances they need in order to help cover expenses after you have passed away. Fictional characters can provide good examples about who needs life insurance, and who might not need it. Many people avoid thinking about life insurance because it makes them uncomfortable. No one wants to focus on their own mortality, or to consider what life would be like without their spouse. As a result, there are a lot of families who … Continue reading →

Paying Kids to Help You

Now that Tyler is receiving his allowance and saving a large portion of it, he has a new appreciation for the power of the almighty dollar. As he sees his stash grow, he wants more. Not just his allowance but he also wants payment for services rendered. Take washing the car. One problem with being back in New Orleans is the preponderance of sawdust. Each time I leave my house after someone has been working, I leave with a thick coat of sawdust. And don’t even get me started on the bird poop! One day last week after I finished … Continue reading →

Should Kids Help With Their Own Living Expenses?

Some friends and I were talking recently about how different we thought things were for us when we were growing up. One friend confessed that while she had gone to a private, parochial school, she had to help pay for her own tuition when it became too expensive. Her parents said that she could go to public school, but if she stayed in the private school, she was going to have to contribute to the tuition from her own earnings. As for myself, I know that I had to pay for my own gas, oil, and car repairs once I … Continue reading →

Are You Considering Moving in with Your Parents to Save Money?

There are various financial reasons that you may consider moving in with your parents for a short period of time. Usually it involves saving for a house or paying for college. It may be so that you can get out of debt more quickly. It can be very difficult to move into someone else’s household. It can also cause strain on an otherwise good relationship. If this is a choice that you feel you need to make here are five tips to help make the process more positive. 1) You need to sit down and set up boundaries. This includes … Continue reading →