10 Retirement Planning Blunders for Moms to Avoid
10 Mistakes for Moms to Avoid for Retirement Planning
Whether you’re a working mom or stay-at-home with the kids, saving for retirement can often be put on the back burner. Between staying on budget and wanting to build college funds, finding a little extra to invest in your retirement can be a daunting task. Moms are usually the driving force in the household when things need to get done.
Here are some tips for moms to avoid these common retirement planning mistakes when they’re considering their financial future.
8 Ways to Eat Organic on a Budget
How to Eat Organic on a Budget
Have you ever wished you could feed your family organic foods, but when you check out the price tags your eyes pop out of your head? Yeah, me, too. So I decided to figure out some ways to feed my family of seven organic foods on a tight budget. Here’s what I found out:
Teaching Kids About Money
How to Teach Kid the Value of Money
by Gregg Murset, CFP
Love them or hate them, New Years Resolutions do make you think about the future. According to a 2012 survey by University of Scranton, an estimated 190 million Americans create a yearly list of things to do or improve upon. If by chance one of your items is to create a financial plan, live on a budget or get debt under control, then January is the perfect month for you to since it’s National Financial Wellness month in the U.S. MyJobChart.com CEO Gregg Murset recommends making resolutions that are achievable for you but can also serve as teachable moments for your children.
To help move your children in the right direction in 2014, Murset suggests:
No More Hand Outs
Decide you are not going to just shell out money to your kids anymore. When they come to looking for money, let them know that they will have to work for it. Tying work and reward together in meaningful ways will help them understand responsibility and accountability.
7 Tips on When to Buy Generic or Name Brand
Save or Splurge? When to Buy Generic or Name Brand
by Andrea Woroch
Corporate spending on marketing and advertising is the number-one reason name-brand products are pricier than store brands. Sometimes, this investment turns sour and leads to legal repercussions. Kellogg recently settled a class-action lawsuit for misleading marketing claims about the health benefits of its popular Frosted Mini-Wheats cereal.
Since buying store-brand items can save consumers up to 30 percent, parents infuriated by this lawsuit may be inclined to go all generic. However, some name-brand products are actually better values than their generic counterparts. Here’s a handy reference list to help you determine when to save and when to splurge.
The Saving Seed: Growing a Financially Healthy Family Tree
by Liz Mangelsdorf
“We must give to others and the world. It is not ours to own and we must leave a positive impression as we pass by on our journey.”
Local entrepreneur, mother and community leader takes her passion to the presses. Ashley Parks, CFP®, has released her new book: The Saving Seed: Growing a Financially Healthy Family Tree to help families and communities uncover what financial roots they have and how to model positive financial behaviors with their children.
Ashley is actively involved in her community and feels deeply that we are all products of our surroundings. We all have a personal root system that has been developing throughout our lives. Ashley’s career has offered her amazing insight into the personal lives of individuals that she comes in contact with on a daily basis. That insight, along with her own personal journey, spurred her to put her passion on paper. The stories and personal experiences over her career motivated her to write a book geared towards helping families gain not only personal well-being, but financial well-being too. The Saving Seed is Ashley’s gift to others. Her philosophy on life is one of becoming self and becoming greater than our temporal world suggests. “What can we do that will positively impact others and allow us to grow?”
How to Teach Children About Money Management
Crafty Ways to Teach Your Children to Save, Spend and Give
Teaching children about money management is an amazing gift a parent can give. Make it fun and creative for a win-win! Starting around age three, a child can start to grasp the concept of allowance. This is NOT money we just give them. They must actually do something to earn it. The seeds you’re planting are work ethic, responsibility and persistency. Who wouldn’t want their children to learn those big three lessons? This is where it all begins. Let your child know that you’d really love some help around the house and that they can earn some money by helping out. That money can be set aside in one container for fun things like toys and games. A portion of it will be put in a container and saved for something they want in the future. Help them think of ideas as what that may be. Maybe it’s a more expensive toy or a trip to the Zoo. The last part will be put into a container to be given to other people who need it. Just like sharing toys, it’s important to share money with others who need it. Help them picture the place the money would go. Maybe it’s a food bank, a religious organization or an animal rescue organization. By helping your child visualize what the money in each container will be used for, it gives them a clearer motivation for earning the money and saving it.