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Kids and Money: 5 Tips on Allowances

27 Aug

1. Decide when to start. Experts recommend starting at age 4.

2. Figure out an appropriate amount. Discuss with your child and have them learn how to negotiate pament.

3. Talk with them about saving vs. spending. A three jar setup with saving, spending, and giving is a great way to teach kids about money.

4. Define that allowance is not a reward for household duties. Everyday must-do chores do not receive pay, but extras do.

5. Reward proper spending habits. Match any money they put towards savings.



Best Things to Buy in August

31 Jul

The Best Things to Buy in August list:

  • School supplies
  • Kids clothing
  • Swimsuits
  • Linens
  • Storage containers
  • Office furniture
  • Laptops
  • Wine
  • Travel : late august
  • Patio/grills


  • Fall clothing
  • Small screen tvs
  • Smart phones
  • Tablets (getting updates in sept)

Back-to-School Savings

29 Jul

Here is an article roundup to help with Back-to-School savings:

10 Back-to-School Shopping Tips that Save Money

Tip: “Hold off buying trendier gear like lunch boxes and pencil cases. Kids may love a version they find in July, but once they start school and see that their friends are all using another kind, they’ll beg you to upgrade them — and that only results in wasted cash.”

How to Save on Back-to-School Shopping

Tip: “Once you’ve decided where you’re going to shop, look for discounted gift cards to those stores on sites or”

ShopSmart gives Five Easy Ways to Save on Back-to-School Stuff

Tip: “Ask for a price match.  Shoppers who find a better deal somewhere else can show their phone or a paper ad at checkout at stores with price-matching policies.”

Back-to-School Shopping Tips: Start Early and Save

Tip: “Before checking so much as a single back-to-school sales flyer, you need to know two things: what you need, and what you already have on hand.”

How to Save Money on Back-to-School Supplies

Tip: “Pay attention to limits. If you are a teacher, some stores will allow you to purchase more than the limit.”

Back-to-School Coupons offers links to coupons that can be printed.

Wichita on the Cheap

Wichita’s own blog for finding deals.

Ways to Save During Summer

15 Jul

We are back from our holiday break and ready to start talking about savings for the rest of the summer. We have compiled a list of articles to help you keep on budget.

Want to go on a road trip?  6 Ways to Save on Your Next Road Trip.

Spending too much money on electricity? 4 Ways to Win the War Against this Summer’s Electric Bill

Celebrating a summer birthday? How to Plan a Great (and Cheap) Summer Birthday Party

Want to have some fun? Save on Summer Fun

What days should I travel?  5 Magic Dates for Cheap Summer Flights

What to do on date night? 7 Cheap and Cute Summer Date Ideas

Looking for kid-friendly ideas? 14 Free or Dirt-Cheap Summer Activities for Kids

What should I buy? The Best Things to Buy in July

Where should I go? 7 Best Cheap Summer Vacations

What is there to do in Wichita and nearby cities? Wichita on the Cheap

Wichita on the Cheap

Frugality: Is it Bad?

26 Jun


If you look up the word frugal related words include: cheap, closefisted, mean, miserly, penny-pinching, stingy, and tightfisted. Of course, there are positive words like: preserving and foresighted, but they are mostly negative. Why do we approach saving or spending less as a horrible way to live? First, it could be argued that we live in a society that operates on the selling of consumer goods and anything that goes against buying goods is viewed poorly. Second, and maybe more importantly we do not truly celebrate being frugal. Being frugal or money-minded does not have to mean self-denial.

In Frugality and the Myth of Self-Denial Kentin Waits writes: “Simply put, frugality isn’t about self-denial — at least not entirely. It’s about logically and purposely directing where our resources go to accomplish specific ends.” He goes on to address that the point of being frugal is to control your spending so that you can buy things that make you happy. Moderation is the key. But as humans we often try to go all in on everything we do and end up doing too much. Never spending your money can make you just as unhappy as never saving your money. Maya Angelou said, “Everything in moderation. But, also moderation in moderation”.

Balance can be the goal. Sometimes it tips too much one direction or the other, but bringing it back to center is ideal. It can be liberating and wonderful to buy a home or car or go on vacation, so don’t let being frugal stop you from that.