Welcome to our blog. We regularly post Questions and Answers here along with our money saving experiences and comments on current economic events.
Unfortunately due to time restrictions, we aren't able to respond to every personal finance question we receive. But, if you are a website subscriber, you can ask us four personal finance questions each year and you'll receive a personal answer from us.
This is a comment about your MoneySmart Family Email newsletter. You had a brief article about T-Mobile and their monthly plans without contracts. BUT, what do you do about buying a phone? Our family has used Go Phones for the past 6 years, but we need to upgrade. The T-Mobile family plan looks great, but how does one afford a phone?
I'm a single mom of an autistic son. We live off his disability check. After our bills are paid, we have about $84 left each month. We get other government aid, like insurance and food stamps. I use coupons and buy in bulk; I do everything frugally but I can barely save anything. My son has a routine. The luxury he likes is his cheeseburger, fries, and sweet tea from mostly McDonald's or somewhere else cheap. How do I try to break him of the habit of fast food places?
Vacations are more fun when you aren’t paying for them months or even years later. Put away your credit cards and commit to vacationing this year ONLY with cash you have saved. Here are a few ideas that have worked for us.
With the job market and corporate earnings both depressed, it might not be easy for your teen to get a job this summer. It’s time to think out of the box. Many high schools require a good number of community service hours before graduation. Why not help your teen find a job in an industry they are interested in and let them volunteer. They can provide free help to a business and get to know if that type of work is something they would like to pursue as a career. It’s especially helpful if you have a relationship with someone at the business where your teen wants to volunteer.
Question: I thought I would ask you this question as I really respect the way your family deals with issues like holidays and consumerism.
What do you do for Easter Baskets? In my family we did just candy, but in my husband's family they did candy and presents. My concern with this is that Easter is already becoming very consumerist (almost like Christmas), and I think that it takes away from the religious aspect of the holiday. What do you do in your family? Thanks so much and Happy Easter!
I was wondering if you had any tips on planning events, such as weddings or even smaller things like children's birthday parties. Nowadays these events get so out of hand and really set people back. Especially weddings! A newly married couple does not want a strike of financial burden following them for years! Didn't know if you had any thoughts on the topic or if you have already discussed this and I missed it.