By Lynn from Northern Israel
By Mrowe from Creighton, Sk
Learning responsibility and money management must begin at home. Small children should be given small tasks which need to be done daily. As they get older, the tasks become chores for which they should receive an allowance. As with any other job, if the work is not completed, they should not receive their pay.
As soon as the child gets a job, a portion of that salary should be paid to the parents as "rent." The responsibility of paying rent is a very important one. As a parent, we don't want to take the money away from our children, but you can "take it without taking it." Don't let your child know you have done this, but set up a savings account in their name. Put their "rent" money into this savings account.
If you collect the rent regularly, this savings account can become a down payment on a car, a college graduation gift, a wedding present. Whatever the occasion, the lessons of responsibility and saving money have both been taught in a way that paid off.
By Clynn from Inglis, FL
Most homes have access to bathing facilities so a simple bar of soap, deodorant, shampoo, toilet roll, hairbrush are all that is needed to stay clean. They can all be bought at the pound (dollar) shop.
Make sure your children get enough sleep in a clean bed and wear clean clothes. Every stitch of clothing except for underwear and shoes can be secondhand. All washing can be done at economic times (e.g. evenings) to conserve electricity, at a low temperature and using frugal home made or cheap washing powder. Most clothes that are hung straight up don't need to be ironed.
So that's sleeping, bathing, appearance and clothing for next to nothing.
Keep up to date with dentists, eyesight checks, medical appointments and apply for any rebates, discounts, or exemptions possible. This will save money in the long run as problems won't grow from neglect.
School supplies can all be purchased from the pound shop/dollar store and books can be bought second hand from leaving students, eBay or Amazon.
You can buy toys, books, baby clothing and supplies from the pound (dollar) store, even seasonal items such as sunglasses, buckets and spades, hats, scarves, gloves, toiletries, perfumes, makeup. The list is endless.
For supermarket food shopping, buy the cheapest brand of everything, buy reduced, use vouchers. Buy from your local markets and home make as much as possible; whether is cooking, knitting or sewing.
Stop shopping or going into town which involves petrol or spending money on nothing. Stick to one day a week, take cash and come home when it's gone. Don't charge anything.
Plan ahead for holidays, school trips, beg or borrow equipment, tents, rucksacks, anything. Ask for discounts. If you are eligible, contact the schools for nominal payments or complete waivers. Constantly save money, even loose change in pots. Designate an area of your home for gifts and wrap and work at it all year. Make as much as possible or buy when reduced at least 75% off. Swap skills such as babysitting and hairdressing.
The result? I can dash into the store without incurring a hernia, and yet still have everything I need on the front seat of the car in case I need it. Like the garage sale I was at when a couple slid their motorcycle around the corner and into the ground. I had my gear to patch up a little road rash. And my handsome leather bag doesn't bulge at the seams or leak crackers and pacis everywhere I go!
By Gina J. from CO