Archives for Spending

Halloween costs: how to lower it

I can understand why so many children look forward to Halloween. I mean, how often are they allowed to roam the streets looking ghoulish, stay up late at night with friends and eat lots and LOTS of junk food? In another post, I wrote about asking children to pay for their own junk food but on Halloween, kids actually get junk food GIVEN to them … for FREE! I previously wrote about where to focus spending our money for the occasion. In
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Halloween: where to spend your money

Halloween is just around the corner! In my neighbourhood, there are streets with rows of houses decorated with Halloween stuff. From around 6 pm, you start seeing ghouls, zombies, vampires and all sorts wandering around on the streets. It’s not just the kids, but some adults really get into the spirit of things too (no pun intended)! There’s of course trick or treating, which is the real reason we allow our young children to roam the streets past their bedtime. 
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Money Conversation: cost of breakfast

https://www.facebook.com/KidsMoneyHabits/ Twitter Breakfast is the first meal of the day. I also used it as the first meal to explain to the children the real costs of eating out. Today, breakfast was the conversation starter. We had a delicious breakfast today, cooked by yours truly. On the smorgasboard were: seasonal fruits (apples, mandarins, bananas) Bacon and sausages Pancakes Tomatoes Avocado smoothie Coffee, tea and milk Breakfast took less than 1 hour to prepare and serve. As we all sat down
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Needs and Wants: Create guiding principles

Understanding the difference between Needs and Wants is crucial to managing money.  When given extreme examples, children can easily distinguish between a ‘Need’ and a ‘Want’.  For example, children know they need food but they want toys. At these extreme ends of the spectrum is easy.  It becomes blurred when we start moving into the middle ground – a ‘need’ may in fact, be a ‘want’.  Take for example a digital TV.  Today, a TV is considered a ‘Need’ in many households in
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Despite best-laid plans

Sometimes the best-laid plans will fail and it’s okay. I will always choose for my children to have a childhood over insisting on teaching them a money lesson. Financial literacy is not a race. It is a journey of lifetime learning. There is not a test that I or my children have to pass. As long as I constantly expose my children to money lessons, I know I don’t need to follow any rigid plans. In fact, sometimes it’s okay to
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