How To Budget for Christmas: Without Going Into Debt!

How To Budget for Christmas: Without Going Into Debt!

You know what they say: Christmas is a time for giving!

But unfortunately, Christmas is also a time for overspending, extravagance, and going into debt.

It has become so ingrained in us that we need to buy everyone everything that their heart desires, that most people don’t even bat an eyelash at spending way more than their finances allow them to and racking up some credit card debt over the holidays.

But I disagree with this practice!

As someone who has been in debt and is now out of it, I can tell you that nothing is better than living within your means.

So in this post, I’m going to show you how we create a realistic Christmas Budget for our family, without going into debt… or missing out on any of the holiday fun!

And if you prefer to watch instead of read, check out this video:

How to Create a Christmas Budget

1) Determine How Much You Can Spend

This is where most people make a mistake when it comes to budgeting for Christmas: they start buying first, and they don’t look at their budget until after they have already spent too much.

Start by looking at your budget first and figuring out exactly how much money you can afford to spend.

I recommend never going into debt for Christmas and only putting things on your credit card if you can (realistically) pay it off in the same month that you purchased it in.

If you are already in credit card debt, don’t go any deeper into debt.

If you can only afford to give one small gift per person to your immediate family members, then that’s all you should do. Trust me, Christmas isn’t worth going into debt for.

A lot of parents have a hard time with this because they are worried about their children feeling left out. But honestly, it’s just part of life!

If our kids wonder about their friends receiving more gifts for Christmas than they get, we talk with them about money.

We discuss how everything in life costs money, every family makes a different amount of money, and how every family chooses to prioritize their money differently.

Check out this post if you want more tips for how not to worry about keeping up with the Joneses.

Decide on an amount that you will spend on Christmas that will work with your budget, and determine to stick with it no matter how awesome that cool new toy is!

2) Start Saving Early

The earlier that you start thinking about your Christmas Budget, the better prepared you will be to purchase the gifts on your list without going into debt.

Have a Christmas Bank Account

One way to plan for Christmas all year round (and to let yourself spend a little more if you want to) is to create a Christmas Bank Account.

To start a Christmas bank account, all you need to do is take the amount of money that you would like to spend on Christmas and divide it by 12. Then, when you get paid each month, take 1/12 of the money and put it into the bank account.

When Christmas rolls around, you will have all of your Christmas money saved and ready to use.

(Check out all 7 Bank Accounts that every family should have here.)

A Beginner's Guide to Creating a Christmas Budget

3) Start With Your Immediate Family

Once you know how much you want to spend on Christmas total, decide how much you want to spend on your kids and on each other.

We didn’t used to start with our immediate family when we determined our Christmas budget…

…and then there were a couple of Christmases where Ross and I didn’t get each other a single thing because we had spent our Christmas budget before we got around to spending anything on each other.

Now we always start with how much we want to spend on our immediate family before we even think about spending anything extra on anyone else!

4) Make Your Lists

Now take the total amount that you are going to spend on your immediate family, and decide how much you want to spend on each person.

You don’t have to worry about spending the exact same amount of money on each child…

I actually don’t think that I have ever spent the same amount on each child. And that is because when we are deciding what goes on their lists, we figure out what they need first.

I’ve found that it changes from year to year who ends up getting more because their needs change from year to year.

Last year we spend more money our younger daughter because she was 18 months old and had primarily been playing with her sister’s old toys. She needed her own special doll to play with and some other toys that weren’t just hand-me-downs.

This year our oldest daughter will be getting more gifts because she has more needs.

We have never seen the point in spending more money on one child just to even the playing field because, honestly, kids don’t care how much you spend on them or their siblings.

As long as you are giving gifts to your children that they truly want or need, they will be happy.

(If you want to see exactly how we make our lists for our kids, check out How to Have a Minimalist Christmas With Kids.)

I often like to follow the “want, need, wear, read” rule, but I don’t use it every single year. Some years they don’t get any new clothing, and sometimes they have multiple needs. But if you are trying to have a simplified Christmas list, it’s a great place to start.

5) Talk To The Grandparents

Getting the grandparents involved is a great way to save money and still get your children presents that they would love.

Like I mentioned in this post, almost as soon as I know what I want the girls to receive for Christmas, I call my mom and see if there is anything on the list that she wants to get them.

This helps us save money, it reduces the clutter in the house because I’m just re-distributing the gifts that I already wanted them to receive, and it lets my mom know that I will like everything she gets them even with my Minimalist preferences 🙂

How to Budget for Christmas

6) Then Decide on Extended Family Gifts

Only after you’ve figured out what you can afford for your immediate family should you figure out if you want to exchange gifts with your extended family.

This concept might seem strange if you’ve always given gifts to your extended family, but you actually don’t have to continue doing this… especially if you are on a tight budget.

Don’t Be Afraid to Change What You’ve Done in the Past

When we had two incomes before had children, we did extended family gifts for both sides of the family every year.

But once we became a single-income family, we decided to change how we did things.

We now only exchange gifts with the side of the family that we are spending the holiday with.

Draw Names

Another way that you can save money on extended family gifts is to draw names instead of just buying something for everyone.

We did this with both sides of our family even before we were on one income.

It’s a nice way to spend more money on a nicer gift for someone else, and it allows you to receive one nicer gift instead of a bunch of things that you don’t really want or need.

Budget Boosters

If you are reading this and thinking that you haven’t saved enough money for Christmas this year, here are some things you can do:

1) Sell Some Things

Who doesn’t like earning some extra money… and selling some items will also help you get rid of a few things before you get a bunch of new stuff in your house that you need to declutter.

(Just kidding… I love Christmas, just not clutter that can sometimes come with it :D)

2) Decrease the Number of Gifts

If you don’t have enough money to buy your kids all the gifts on their list, scale things back, and just give one or two gifts per child.

You will be able to get them something a little nicer this way as opposed to if you buy them a lot of cheaper gifts.

How to Create a Family Christmas Budget

3) Buy for Less People

It can be hard to decide not to exchange gifts with extended family or friends, but I promise that you will be far less stressed about sticking with your budget if you have fewer people to buy for.

And remember that just because you decide to buy for less people this year, doesn’t mean that you can never do gifts with your extended family again.

Once you get your budget under control and pay off any debt that you have, you can always go back to buying for everyone again.

And remember that you can always draw names if you still want to participate in the extended family giving without having so much financial burden!

Ready to Stop Feeling Stressed About Finances?

Then check out Master Your Money!

In Master Your Money, you will learn how to 

  • Calculate Your Net Income
  • Track Your Spending
  • Calculate Your Monthly Expenses
  • Determine Your Fixed & Flexible Expenses
  • Set Up a Budget
  • Pay Off Debt
  • Create Savings Accounts
  • Donate to Charity

Master Your Money walks you through exactly how to take charge of your finances so that you can afford to live the life of your dreams!

Plus you will receive the Money Mastery Workbook and Spreadsheet and email support from me anytime you have questions.

I hope to see you inside the course!

(Or if you are more of a do-it-yourself kind of gal, you can check out my DIY Master Your Money Resources!)

Want 7 Extra Hours Every Week? Grab the Streamline Your Home Quick-Start Guide!

You may also enjoy…

If you are looking for other ways to make your holidays easier, you might enjoy

How to Have a Minimalist Christmas With Kids

How to Meal Plan for the Holidays Like a Minimalist

The Best Intentional Gift Ideas for Kids

Should You Declutter Before or After the Holidays?

See you on the next one! Kassy
How to Create a Family Christmas Budget
How to Plan a Fun Family Vacation When You’re on a Tight Budget

How to Plan a Fun Family Vacation When You’re on a Tight Budget

The Best Family Vacation Ideas When You're On a Tight Budget

After Ross and I paid off our student loans (more on that story here) we wanted to travel… but we didn’t want traveling to hurt our financial goals.

So we decided to go to New Zealand, Ross’s dream destination, and spend the least amount of money that we could. Think couch-surfing, peanut butter and jelly sandwiches, and sleeping in our car when we couldn’t find a couch to surf on cheap.

When we went to Europe (my dream destination) the following year, we carried our enormous backpacks everywhere we went because we were too cheap to rent lockers, we slept in train stations and on trains, we couch-surfed, we ate more peanut butter and jelly (but we did remember to buy trail mix this time for some variety!), and only paid to use a public bathroom once… because I was desperate (I still can’t believe they make you pay to pee in Europe! I’m over it, honest.)

When we had kids, we knew we still wanted traveling to be a part of our life.

But since I was quitting my job to be a stay-at-home mom, our budget was even tighter than it was before.

So we took what we had learned from traveling cheaply as a couple and figured out how to have a fun family vacation on a shoestring budget.

In this post, I’m going to show you how to set your vacation budget, give you some budget-friendly travel ideas, and tell you how to stick with your budget, even when you’re on vacation.

How to Plan a Fun Family Vacation on a Tight Budget

1) Determine Your Budget for the Vacation

The first thing that you need to do if you are on a tight budget is to sit down with your monthly budget and determine exactly how much you can afford to spend on this vacation.

Be sure to talk with your spouse or significant and come to an agreement on an amount that you are both comfortable with.

When you vacation shop first, you will probably be disappointed when you can’t afford your dream vacation. So always start with the budget… then look at which vacations you can afford.

2) Prioritize Your Spending

When you are on a tight budget, you have to choose where you want to allocate your money.

You won’t be able to afford spending a lot of money on eating out, fancy hotels, and exciting excursions.

But, you can probably spend more money on one of those things if you are frugal in the other two areas.

When we were traveling to our dream destinations before we had kids, we chose to travel, sleep, and eat very cheaply. That way we could spend more money on some fun experiences that we had always wanted to do, like skydiving and bungee jumping in New Zealand.

We wouldn’t have been able to afford to skydive or bungee jump if we hadn’t determined before our trip that we weren’t going to spend much money on meals and lodging.

So prioritize what you are going to use your money for before your trip to make sure that you spend the money where you want to.

Decide which of the three areas you are going to spend some money on and which two you are going to be frugal in.

How to Plan an Awesome Family Vacation on a Budget

3) Brainstorm Ideas for Your Vacation

Now that you know your budget, you can decide what type of vacation that you can afford.

Here are some ideas to get you started!

1. Visit Family

Visiting family for your vacation will save you a lot of money on lodging and food.

If you don’t want to be a financial burden to your family by staying with them, offer to pay for groceries! It will still be a much cheaper vacation that if you go to a hotel and eat out for every meal.

We are lucky enough to have family living in Hawaii right now and were able to have a really fun vacation while staying with family in a lovely tropical location.

Since we have family that live all over the US, we usually plan our trips to visit someone and do some sight-seeing at the same time.

2. Visit Friends

Just like visiting family, visiting friends is not only fun, but it will save you money on your family vacation.

A vacation doesn’t need to be far away from home. We love visiting friends that are only a couple of hours away just as much as we love visiting friends that are states away!

3. Go Camping

If you don’t have friends and family on the route that you want to take, bring your camping gear!

Not only is camping a great way to spend time in nature with your family, it is a lot cheaper than staying in a hotel or hotel alternative like AirBnB or VRBO.

Another reason I love camping is that campsites often don’t have WiFi or cell service. This forces everyone to put down their devices and truly spend time together.

If you want some help planning your camping meals, check out my post How to Create Your Perfect Camping Meal Plan!

4. Go on a Road Trip

Instead of flying to your destination, try taking a road trip instead!

We have driven a lot with our kids from the time they were tiny to get them ready for the bigger road trips that we wanted to take.

Neither of our girls was particularly fond of their car seats when they were babies, but we kept taking short 2-3 hour road trips whenever we could to get them used to it.

By the time our younger daughter wa 15 months old, we were able to go on a multiple-day road trip with happy campers in the back seat!

The only thing that we did to make them a little bit more excited about being in their car seats for so long is we got them each one new toy that we gave them for the trip. Our second daughter got a Buckle Toy, and our first daughter (who had just turned 4) got a Doodle Pad.

If you still aren’t sure about taking a road trip with your kids, check out the post How to Survive a Long Roadtrip with Young Kids for tips on how to make the trip fun for everyone!

Inexpensive Vacation Ideas for Families on a Budget Plus Plus How to Stick With Your Budget When You're on a Vacation

5. If You Need to Fly, Use a Credit Card to Get Points

When Ross’s brother moved to Hawaii and we knew that we wanted to go see them, we immediately got an Alaska Airlines credit card and began accumulating points.

Since we signed up when bonus miles were available, it didn’t take us too long before we were able to go to Hawaii with only needing to pay for 2 tickets (our younger daughter was under two, and our older daughter was able to fly on the companion ticket.)

If you know that you need to fly somewhere, see if you can find a credit card that you can earn miles with.

6. Have a Stay-Cation

If your budget doesn’t allow for you to do any of the above ideas, have a stay-cation with your family!

There are probably a lot of fun things to do close to your home that you’ve never done before. Are there fun restaurants that you have been wanting to try? Has a new water park opened up in your area? Are there gardens to visit or hikes to go on?

Take some time off work, put away your phone, and pretend you are on vacation with your family right in your own city!

4) Make Your Decisions And Begin to Prepare

1. Set Aside Money Every Month for Your Trip

It’s never too early to start saving for your trip.

You won’t be disappointed if you end up with more money to spend on your vacation than you originally thought, but you will be disappointed if you come up short.

You could even put a spare change jar in the kitchen so your whole family can see the goal and easily contribute to it.

2. Make Arrangements for Your Trip

This is when you want to check with any family or friends to see if they are available for you to stay with them, book hotels, book airline tickets, and anything else that you can purchase and reserve ahead of time.

Many things get more expensive as the date approaches and you can save money by booking in advance.

3. Meal Plan and Eat Out Sparingly

If you need to save money on your vacation, meal plan before you go.

Plan which days you will eat out and which days you will make your own food.

Do some research ahead of time on the local favorites so that you can be sure to go to the good places while you are there.

We have saved so much money on all of our trips by meal planning and going to the grocery store instead of just hitting the restaurants.

It’s not to say that we don’t go out to eat at all, but we plan on which meals we are going to eat out and we try not to impulsively go to restaurants just because it seems more fun at the time.

Check out How to Meal Plan for Your Road Trip for more ideas on creating your vacation meal plan.

How to Plan a Family Vacation When You're on a Tight Budget, Plus Cheap Vacation Ideas that Your Family Will Love

4. Research Free Things To Do Before Your Vacation

No matter where you are going (or if you are going nowhere at all!), there are free things to do.

There is no better way to make your budget stretch even farther than by taking advantage of cheap or free things to do.

5) Pay Attention to Your Budget When You Are On Your Vacation

If you are on a tight budget, make sure you aren’t overspending when you are on vacation.

It can be really easy to get caught up in #vacationmode and start making it rain everywhere you go, but all those little expenses add up.

If you don’t want to be paying for your summer vacation from now until Christmas, keep track of all of your spending either with pen and paper, through the Mint.com app, or by using cash for everything!

Ready to Stop Feeling Stressed About Finances?

Then check out Master Your Money!

In Master Your Money, you will learn how to 

  • Calculate Your Net Income
  • Track Your Spending
  • Calculate Your Monthly Expenses
  • Determine Your Fixed & Flexible Expenses
  • Set Up a Budget
  • Pay Off Debt
  • Create Savings Accounts
  • Donate to Charity

Master Your Money walks you through exactly how to take charge of your finances so that you can afford to live the life of your dreams!

Plus you will receive the Money Mastery Workbook and Spreadsheet and email support from me anytime you have questions.

I hope to see you inside the course!

(Or if you are more of a do-it-yourself kind of gal, you can check out my DIY Master Your Money Resources!)

Want to Get 7 Extra Hours in Your Week?

Then check out Simply Streamlined!

In Simply Streamlined, you will learn how to 

  • Declutter Your Home
  • Put Effective Routines in Place
  • Create a Set-It-and-Forget-It Meal Plan
  • Get Your Finances Under Control

Simply Streamlined walks you through exactly how to Completely Streamline Your Home in just 15 Minutes a Day!

Plus you will receive

  • Cluttered to Calm Lessons, Workbooks, and Spreadsheets
  • Put Your Home on Autopilot Lessons, Workbooks, and Spreadsheets
  • Set-It-and-Forget-It Lessons, Workbooks, and Spreadsheets
  • Master Your Money Lessons, Workbooks, and Spreadsheets
  • AND Weekly Live Coaching Calls!

I hope to see you inside the program!

(Or if you are more of a do-it-yourself kind of gal, you can check out my DIY Streamlining Resources!)

Want 7 Extra Hours Every Week? Grab the Streamline Your Home Quick-Start Guide!

You may also enjoy…

How to Have an Awesome Birthday for Your Kids when You are on a Tight Budget

The Best Intentional Gift Ideas for Kids

How to Create a Budget

How to Budget for Christmas

And

How to Hike with Little Kids

See you on the next one! Kassy
How to Plan a Family Vacation When You're on a Tight Budget
How to Afford a Family Vacation When Money is Tight
The 7 Bank Accounts You Need to Organize Your Budget

The 7 Bank Accounts You Need to Organize Your Budget

7 Bank Accounts Every Family Should Have! What they are and how to use them!

Starting a Budget can be daunting.

It’s overwhelming to think about where every dollar needs to go and how to pay off debt and save money!

Plus, you are supposed to keep track of all the money in one or two bank accounts, yet somehow remember how much you have left to spend, and what is supposed to stay in savings? Yikes!

Luckily, there is a much easier way to keep track of your money. And that is to have multiple bank accounts.

Why on earth would you need to have multiple bank accounts unless you own a business???

Well, let’s look at an example:

Let’s say that you are getting ready to clean your living room.

Your kids have toys laying around, your husband has some work things sitting next to the door, the remnants of a craft project are over here, and some laundry that is needing to be folded is over there.

Would you just open up a closet, shove everything in it, and quickly close the door behind you?

What would happen if you did that not just once, but every time you cleaned?

I would lead to a huge mess in the closet!

What would you do when your child asks you where their toy is?

You’d have to dig through everything else in the closet to find it.

What about when you need to find something that you put in the closet a week ago? A month ago? A year ago??

It gets very difficult to know where things are, when they were put into the closet, and what they are supposed to be used for.

The same is true for money in a bank account.

Month after month we throw money into one (or two!) accounts, cross our fingers, and say a prayer that all of the money goes into the right place.

But if we divide up the money into multiple bank accounts, it becomes very easy to track how much money we have for each item in our budget, and how much money we have saved for the future.

Having multiple bank accounts is the easiest way to organize your money when you are starting a budget.

So in this post we will look at why you should do this, how to keep track of the accounts, and which bank accounts you should have.

And if you prefer to watch your content instead of read, check out this video:

Why Have Multiple Bank Accounts?

Let’s say that you want to put $100 away each month for a new car, $100 each month for a vacation, and $100 each month to save for your kid’s college.

If you are using one savings account, then all $300 dollars would go into the account every month.

In a year, you will have $3,600 in that account.

Now you thought your old car would last you a little longer, but you get rear-ended and now need to look for a car before you were planning on it (don’t ask me how I know…). You check your bank account and decided that you have enough to put $2,500 down on a new vehicle. You purchase a vehicle and take $2,500 out of the account.

But how much money did you really have saved for the vehicle? Only $1,200! So how much money do you have left for your vacation? How much money do you have saved for college?

Nobody knows! You accidentally borrowed from one or both of the other accounts!

And let’s be honest, you probably borrowed for the college savings because when it comes time for your vacation, you will still go with your family.

When you have multiple bank accounts you are able to track exactly how much money you have saved for each item.

Now, let’s see what happens if we have multiple bank accounts.

Using the example above, you would put $100 into your car savings account every month, $100 into your vacation savings account every month, and $100 into your kid’s college savings account every month.

At the end of the year, you have $1,200 in each account, and when you need that new car, you know exactly how much money you can afford to spend on the car.

You can still borrow from you vacation account if you want to, but you won’t be unintentionally draining your kid’s college fund.

How Do You Keep Track of So Many Accounts?

If all of your bank accounts are at the same bank, you can easily see how much money is in each account online.

If they are through different banks (or if they are through the same bank but you want to be able to track how much you are spending on each category within each account) you can use Mint.com to track everything.

Mint.com is a completely free budget tracking tool so you can see everything all in one place.

Ross loves using Mint.com to keep a close eye on our budget!

Will It Hurt Your Credit to Have Multiple Bank Accounts?

Nope! It hurts your credit when you don’t pay your bills or debt payments on time.

If you use this method correctly, it will actually help your credit because you will have a more organized approach to paying your bills.

How to Use These 7 Bank Accounts to Transform Your Personal Finances!

7 Bank Accounts Every Family Should Have

Checking Accounts

A Checking Account is an account that you have a bank card attached to. This is separate from a Savings Account because you don’t want to be able to access your money in savings at the swipe of a card.

Here are some important checking accounts to have:

1) Staging Area Account

This is the account that all your money comes into… temporarily.

Your paychecks, tax returns, refunds, and any other money that you receive will go into this account. (Unless it’s money specifically for your birthday or Christmas, then it could go into a fun money account/or a personal account.)

But the money won’t stay in this account long because this is your staging area. This is where your money comes to wait for its assignment.

Link your auto-drafts for all of your recurring monthly bills to this account: your mortgage, your rent, your utilities, your insurance… anything that is an expense that you know will happen every month.

It’s also smart to auto-draft your savings first thing when you get your paycheck because you want to be sure that you pay yourselves first and the money doesn’t mysteriously “get lost” throughout the month.

2) Husband’s/Wife’s Checking Accounts

Almost everyone likes having money that they are personally responsible for and can use as they see fit. That’s where the Husband’s/Wife’s Checking Accounts come into play.

There are two ways that you can use these accounts:

  1. You can divide up the monthly responsibilities and put the money each person is responsible for into each account. For instance, if the wife is responsible for groceries, you would put the monthly grocery budget into her account and she would pay for the groceries with the corresponding debit card.
  2. The second way to use these accounts is give each person discretionary money . This is money that you can use how you see fit without needing to chat with your spouse about it first. This allows you to go out with the guys, get a pedicure, or save for an expensive coat that you have been wanting without any guilt!

We use these accounts the second way, but do whatever works best for you!

Want 7 Extra Hours Every Week? Grab the Streamline Your Home Quick-Start Guide!

Emergency Accounts

Emergency Savings Accounts are for exactly what they sound like… emergencies!

You don’t want to have a debit card attached to these accounts, but you want to be able to access the money fairly easily.

Having your Savings Accounts at the same bank that you have your Checking Accounts works well for this. You can easily move the money from your Savings Accounts into your Checking Accounts if you need to, but it isn’t in your wallet at all times.

This keeps you from deciding that you really need that new grill right now and “you’ll just pay back your savings later.”

Pro Tip: Don’t borrow from these accounts! Only use them for true emergencies. Trust me, money doesn’t get paid back as easily as it gets drained!

3) Emergency Savings Account

Emergencies are things like a job loss or a house loss. A medical emergency could also fall into this category, but I recommend having a separate Health Savings Account for this (see #2 below.)

If you don’t yet have an Emergency Savings Account, open a savings account, and put every bit of cash that you can spare into the Emergency Savings Account until you have at least $1,000.

If you want to stop once you reach $1,000 and that feels like good padding between you and any emergency, then you can move onto the next account.

But I recommend not moving past this step or creating more accounts until you have at least 3 months of your expenses saved into this account.

If you are using the 70/20/10 Rule for Budgeting, this is where you want 20% of your net income to go until you have your base in this account.

Decide how many months of living expenses you would like to have stashed away for a rainy day, and don’t move on to creating the next account until you have it saved!

7 Must-Have Bank Accounts When Starting a Budget

4) Medical Savings Account

I recommend having a separate savings account for your family’s healthcare expenses.

There are two ways to do this:

Medical Savings Account Option 1

Insurance companies often have a Health Savings Account (HSA) option if you get your insurance through your employer.

These accounts typically have tax benefits (such as being able to put the money into the account tax-free) and can generally be used for any medical needs from a co-pay at a doctor’s appointment, to a dental check-up, to major surgery, to having a baby.

The only downside to this type of Healthy Insurance is that you have a very high deductible.

But if you are healthy, and single or married without kids, this a fantastic option.

Before Ross and I got married, he had an account and contributed to it every month.

(Often if you have one of these accounts through work, your employer will also match your contribution!)

Once we were married and on the same insurance, I also got an HSA plan through our employer and I contributed the maximum amount that I could every paycheck until we reached our yearly contribution limit.

One of the best things about having an HSA is that if you switch employers, you take the account and the money with you so you don’t lose anything.

With the money we had put into our accounts, we were able to pay for my prenatal care and birth expenses for both of our girls without having to pay our deductible out of pocket. The money was already saved!

I highly recommend having this type of insurance if you are planning to have children down the road and are a healthy person.

Medical Savings Account Option 2

Now that we have children, we wouldn’t want to have a high-deductible insurance plan. Kids get sick a lot more often than adults do and tend to be accident-prone.

After our younger daughter was born, we used the last of our HSA money that we had from our previous employer, so we decided to make our own account.

We opened a regular savings account at our bank and we treat it like an HSA (unfortunately it isn’t tax-free money, but it still does the trick).

We put money into this account every month until we reach our yearly deductible. Then, if we have a medical emergency, we already have the money saved and we don’t have to dip into our Emergency Savings Account.

If you are using the 70/20/10 Rule for Budgeting, once you have the living expenses buffer in your Emergency Savings Account, you can put 20% of your income into this account.

Sinking Funds

A sinking fund is an account that you put money into when you are saving for something specific, often to replace a depreciating asset like a vehicle.

You aren’t expecting to grow your wealth with these accounts, you are setting the money aside for a specific use.

5) Large Item Sinking Funds

Car Savings Account

This is for… wait for it…. anything to do with your car!

We get a discount on our car insurance by paying for it bi-annually. It’s great to get a discount, but that means that twice a year we have a large payment. So we divided out the total annual amount into 12 monthly payments and put the payment each month into our Car Savings Account.

Pro Tip: Check with your insurance company to see if you can get any discounts for paying in lump sums!

When the payment is due, we have the money sitting in this account ready to go. This way it doesn’t mess up our monthly budget twice a year.

We also put money into our car savings account for car emergencies. You never know when cars will need repairs or to be replaced. It is always better to have the money ready to use for your car than to have to dip into your Emergency Savings Account.

You can also put some extra money into this account if you want to upgrade your vehicle in the future. Then when it is time for the purchase, you will have the downpayment (or hopefully the full payment!) ready to go.

House Savings Account

If you plan on purchasing a house, it is never too early to start a House Savings Account.

It’s ideal to be able to put 20% down on a house when you decide to purchase, and this is a great place to build up and store the money!

Having a separate account for the house ensures that you won’t accidentally use this money for something else, and it allows you to see how close you are to your goal at a glance.

7 Bank Accounts That Will Simplify Your Finances

6) Fun Sinking Fund Accounts

These accounts make sure that you can have fun with your money without digging into the important savings accounts!

Trip Savings Account

We love taking trips! But vacations can be expensive if you aren’t budgeting for them in advance.

Even though you aren’t generally at home when you take a vacation, you will still need to pay your mortgage/rent, utilities, insurance, and all of your other monthly bills. Plus food on vacation generally costs more than your monthly food budget.

The best way to save for a trip is with a sinking fund. Put some money every month into a separate account specifically for a trip or vacation.

Then when you go on a trip, you have the money set aside and ready to go!

If your family isn’t into vacations, you could have a “fun things to buy” account and use it for a trampoline, a swing set, or a pool for the backyard.

Gifts Accounts

Christmas and Birthdays are so much fun, but they can also be expensive!

If you enjoy giving gifts and doing activities around each holiday, then start preparing for the festivities all year round.

To set up a Gifts Sinking Fund, figure out how much money you want to spend on Christmas and/or Birthday Gifts through the year, and divide the total amount by 12. Then each month put the monthly amount into the fund.

Savings Accounts For The Future

Sometimes it can be a challenge to save money for something that is so far in the future like retirement or your kids going to college.

But saving for the future is so important. Not only because you want to have some money set aside for when you get there, but also because the sooner you start saving, the more money you will have when you arrive!

Due to the time value of money, the sooner you start saving for the future, the better.

7) Retirement Savings

Everyone should have a retirement savings account.

Set aside some money every month for your retirement in a ROTH IRA, a 401K, or other account that is made for retirement savings (they have tax benefits!).

If you are a young single person, or a young couple without kids, I highly recommend contributing the maximum yearly amount toward your retirement.

The more money you put into these accounts in the beginning, the more money you will have down the road!

College Savings Accounts (Optional)

If you don’t want help your children pay for college, that’s completely ok!

There are pros and cons to paying entirely for your children’s college education and you have to choose what is best for your family.

BUT, if you want to help your children with paying for college even a little bit, you should start saving for it now… actually do it yesterday!

If you don’t want to save for their college, you can show them how they can save their own money for college by using my Simple Budgeting Method for Kids.

You can set up college savings accounts for your children either at a local bank in a regular savings account, or you can set up education-specific funds.

The only downside to an education-specific fund is that it has to be used for continuing education after high school.

So, if your children decide that they do not want to go to college or a trade school, you can use the money for some other form of education, but nothing else.

We decided to get education-specific funds for our girls because we want to encourage them to continue their education. And if they decide that they don’t want to, we have nieces and nephews that we can help out.

Even putting $25 a month into an account for college will help soften the financial blow to your children if they decide to go.

Pro Tip: If you have more than one child, open an account for each child. You don’t want to drain all of the college savings money on child number one and have nothing left for child number 3. Having an account for each child ensures that each kid gets the same amount of help from mom and dad and no one is crying “unfair!”

Organize Your Budget With These 7 Bank Accounts

Wedding Funds (Optional)

Just like college, weddings may seem far off, but they can be really expensive… and sneak up on you if you aren’t expecting it!

We also opened a wedding account for each of our girls not long after they were born.

We don’t contribute a lot to these accounts because we don’t plan on having more than three to five thousand dollars saved up by the time they get married. We had a very small budget for our wedding and it was still great! But we would like to be able to help them out should they choose to get married.

If they want more money than we have saved, they can decide if they want to make up the difference.

Even if you have boys, it can be nice to help out with the wedding or give the money in the account to the couple as a wedding gift.

We figure that even if they don’t get married, we can let them use the money towards a down payment on a house or some other investment.

Bank Account for Each Child (Optional)

When your kids are little, I prefer to teach them budgeting with this simple cash method for kids, but as they get older, and their savings jar gets full, open a bank account for each child’s personal savings.

You may want to have an account for their spending money as well. But if you open the account when a child is too young, they will have a hard time understanding that their money is still in the bank.

I plan on opening bank accounts for our girls when they are about 7 or 8 years old.

Spare Change Account (Optional)

If you want some incentives for being more frugal with your money and coming in under budget each month, a Spare Change Account is a great option.

A Spare Change Account doesn’t have any money budgeted toward it. You only deposit money into this account when you are under budget in another category and have money left over.

So if you have $100 per week budgeted for groceries, and you only spend $80 at the store, you would put $20 into your Spare Change Account.

The only catch with this account is that you have to use it for something fun! If you are planning to use the money for something boring, you will never try to be under budget.

Be sure to think about the awesome way your going to spend this money after a couple of months before you get started!

Get Creative!

These seven bank accounts are just a starting point. Open as many as makes sense for your family and financial situation!

Ready to Stop Feeling Stressed About Finances?

Then check out Master Your Money!

In Master Your Money, you will learn how to 

  • Calculate Your Net Income
  • Track Your Spending
  • Calculate Your Monthly Expenses
  • Determine Your Fixed & Flexible Expenses
  • Set Up a Budget
  • Pay Off Debt
  • Create Savings Accounts
  • Donate to Charity

Master Your Money walks you through exactly how to take charge of your finances so that you can afford to live the life of your dreams!

Plus you will receive the Money Mastery Workbook and Spreadsheet and email support from me anytime you have questions.

I hope to see you inside the course!

(Or if you are more of a do-it-yourself kind of gal, you can check out my DIY Master Your Money Resources!)

You May Also Like

How to Start Budgeting: A Beginner’s Guide to Creating a Budget, Cutting Costs, and Saving Money.

How to Use Percentages to Build Your Budget.

10 Frugal Living Tricks for Saving Money and 37 Ways to Save Money on Groceries.

The {Simplest} Budgeting Method for Kids.

See you on the next one! Kassy
How to Organize Your Budget with 7 Bank Accounts
Meet Your Budgeting Goals With These 7 Bank Accounts!
How Many Bank Accounts Should I Have? 7 Bank Accounts You Need, Plus How to Use Them.
7 Bank Accounts That Will Help You Save More and Spend Less
37 Ways to Save Money on Groceries

37 Ways to Save Money on Groceries

Are Groceries Getting More Expensive? 37 Ways you can still save!

Updated July 2021

Is it just me or have groceries gone up by a lot since the start of the Covid 19 pandemic?

At first, I didn’t notice a huge change…

A couple of things here and there were more expensive, but it made sense that people like me would have to pay more for toilet paper (you know, since minimalists aren’t hoarders at all and Costco was out of TP for months).

But over the past year, I have noticed a gradual climb in my grocery bill.

At first, I wondered if I was the only one noticing a difference.

Then I realized that since I meal plan in such a Crazy Way, I have a fairly homogeneous grocery budget throughout the year.

And because I have been meal planning this way for over 4 years now… I know that my meal plan hasn’t gotten magically more expensive this year.

Which made me think that this was a good time to bring out this old post and do a video about it for the channel!

If you are looking for ways to save money as prices keep going up, you’ve come to the right place.

This post will give you a lot of ideas for how to save money on your grocery bill.

And if you are looking to get control of your finances, cutting costs at the grocery store is a great way to start. 

You may be wondering if you cut down on our costs without sacrificing quality, or quantity, or both…

And the answer is: yes, you can! Once you start using the tips and tricks in this article, you can buy your cake and eat it too!

And if you prefer to watch instead of read, check out this video:

37 Ways to Spend Less on Food

1) Set a Grocery Budget

Having a grocery budget is the best way to spend less on food. 

But how much should you spend on groceries each month?

Before Covid, we budgeted $100 per person per month for food in our house.

We are able to make this happen by following the tricks outlined in this post. 

But since Covid, I have had a hard time getting out of the grocery store without spending at least $150 a week!!

Deciding how much to spend on groceries will depend on several different factors such as your geographic location, your diet, and how much prices have increased in your area since the pandemic.

My recommendation is to start with a small grocery budget to see if you can make it work.

You can always increase your budget, but if you start with a bigger budget, you might not be motivated to shrink it. 🙂

If you don’t have a budget yet, check out my Beginner’s Guide to Starting a Budget and download my Beginner’s Budgeting Checklist to get started!

2) Budget for Groceries Weekly Instead of Monthly

Now that you know what your monthly budget for food is, divide it by 4… and voilà there is your weekly budget.

Why is it best to think of your grocery budget as a weekly budget instead of a monthly budget?

It is easier for your brain to manage and track.

Essentially, it’s just a mental trick!

But it’s a powerful mental trick.

When I focused on my monthly budget, I found it much easier to spend more than my grocery budget on food. That is because after the first shopping trip or two of the month, I wasn’t quite sure how much money I had left to spend.

Having the money “start over” every week makes is much easier for me to see where I’m at in relation to my goal.

3) Start Meal Planning

Meal Planning saves so much time, energy, and of course money!

If you haven’t tried it before, or if you’ve tried it and failed… try, try again. 

If you aren’t sure how to harness the power of meal planning, check out How to Begin Meal Planning When You Don’t Know Where to Start, and download my Meal Planning Checklist!

4) Stack Recipes with Similar Ingredients

When you create your Weekly Meal Plan, choose recipes with similar ingredients throughout the week.

This makes shopping easier because you just get larger amounts of each item instead of getting so many different things.

Plus, it ensures that you will use all of the ingredients that you buy instead of having small amounts of ingredients left over to sit in your refrigerator for a week… or month… or longer.

I started saving so much money as soon as I started stacking recipes.

5) Double Your Recipes

Doubling recipes may seem like it would cost more, but it will actually save you money, and here’s why:

When you double a recipe, you don’t have to double every ingredient.

I usually only double the spices and the bulk ingredient(s) and leave everything else the same.

For example: If I were making chili, I would double the spices and the beans, and I would use the same amount of vegetables that I would use for a single recipe. 

It makes twice as much food for a fraction of the cost!

I double everything I make. We use our leftovers for lunches every day and for dinner every Thursday evening. (Check out How to Work Leftovers into Your Meal Plan for more details.)

If you don’t like to eat leftovers in the same week, freeze your doubled recipe and you just cooked a meal for your future self. You’re Welcome!

6) Create a Shopping List (And Use It!)

Before you leave your house, check your weekly meal plan and write your shopping list. 

Having a shopping list takes out all of the guesswork when you’re at the grocery store.

If you’ve hung out on this blog before, you know that grocery shopping isn’t my favorite hobby, so the least amount of time I can spend at the store the better.

Knowing exactly what I need to get at the grocery store is one of my favorite things about meal planning. (Check out my post The Pros and Cons of Meal Planning for Moms if you want to see if Menu Planning might be beneficial for you.)

Creating a Shopping list is only half of the equation though, you need to remember to take it to the store, use it at the store, and stick to it at the store.

How to Save Money on Groceries: 37 Ways to Lower Your Grocery Budget When the Prices Keep Going Up!

7) Shop At Your House First

When you are making your shopping list, go through each recipe that you are making and check your pantry, refrigerator, and freezer for items that you can use.

You might find that you don’t need to buy any of an ingredient, or you might just need to buy a small amount that you can add to what you already have. (The bulk section is awesome for this, see below!)

This is the most important step when you’re creating a list if you are looking to save money. 

Buying things that you already have at home is a waste of money. Don’t be a money-waster!

8) Have a Pantry Week

Most of us have way more in our pantry than we need.

So if you are struggling to shrink your grocery bill, have a pantry week!

Throw out your regular meal plan for the week, and make meals using only the things that you have on hand.

We don’t do this often because I only buy what we will use in a week (aside from having a few staples on hand).

But last week we were able to do this!

Some friends of ours were moving and they had quite a bit in their fridge, freezer, and pantry that they gave to us (yay!).

So I canceled my regular meal plan and rewrote one with the new ingredients.

I went from spending over $150 a week (thanks, Covid) to spending only $50 on some fresh produce!

Cha-ching!

Want 7 Extra Hours Every Week: Grab the Streamline Your Home Quick Start Guide!

9) Buy in Bulk

Aside from the produce section, this is where I spend the majority of my time when I grocery shop.

I love the bulk section at my grocery store because I can get everything from whole-grain pasta, to flour, to spices, to health food. 

Buying in bulk saves me several cents per pound as opposed to purchasing packaged products. 

I also use the bulk section in a way that most people don’t think about (because it kind of goes against the name of the section).

I love using the bulk section to buy tiny amounts of things that I need. 

If I need one cup of something that I don’t use very often, I will go to the bulk section and buy one cup of that item.

If I need a spice for a recipe that I will probably not use again (or at least for a while) I will go to the bulk section and buy exactly how much of the spice that I need for the recipe. 

Buying spices in bulk saves me so much money.

I’m always amazed when I have to buy a spice in the baking isle because they are out of it in the bulk section or they don’t carry it in bulk. It is usually five times (or more!) as expensive as the spices that I buy in bulk!

To store the spices, I got some spice jars and I just refill them when I go to the store. If I get a spice that I don’t use very often, I just keep the small amount in the bulk bag until I use it.

10) Buy In Season

Buying food that is in season will save money while also helping you eat healthier.

Food is typically the cheapest when it is the freshest. Why would we not want to take advantage of that?!

It is easiest to purchase food in season when you are Meal Planning With the Seasons. Check out my post Your Ultimate Guide to Seasonal Meal Planning if you’d like a step-by-step guide for how to do that.

11) Stock Up In Season

If you like to eat fruit all year long like we do, stocking up and freezing fruit in its respective seasons will save you money.

We live in the Pacific Northwest and seasonal fruit-picking is a hobby of every money-saver in the area.

Starting usually around April or May with strawberries, and ending in October in with apples, there is a constant stream of ripe fruit, ready for the picking. 

The girls and I go and pick almost once a week. 

We pick enough for us to use all year round, but no more.

Our freezer has to be completely empty by the time strawberry season begins the next year. (More on the reasoning behind this below!)

Sometimes I can find amazing deals on seasonal fruit at the store, too. One year there was a surplus of strawberries and I was able to get several flats for $1 per pound!

37 Ways to Save Money on your Grocery Budget, Plus a Free Budgeting Checklist

12) Buy Generic Brands

Ross and I still laugh about how he didn’t know how to buy generic until we were married.

We would go shopping together (because everyone does that when they’re first married, right?) and he would excitedly grab every box that was brightly colored and had the words “NEW” or “LIMITED TIME” on them and throw them into the cart.

I would then point out the box (that was usually right next to the flashy one, just with less exciting packaging) that featured the exact same thing for a fraction of the price!

We saved a lot of money, simply by switching to generic brands. 

Generic brands have the exact same ingredients as the Name Brands, but for much cheaper.

So if you want to save a lot of mulah, make the switch!

13) Buy Large Quantities… Sometimes

Buying larger containers of food will (almost) always be cheaper per ounce. 

If we have something that we use a lot, like almond milk, we buy the largest size at the store if it is the cheapest per ounce. (Check those small numbers that tell you the cost per ounce every time, they like to switch things up on you from time to time!)

If something we use a lot is cheaper to buy at Costco, we will buy larger quantities there about once a month. We go through a lot of peanut butter and toilet paper at our house so it makes sense to stock up.

But cheaper per ounce, doesn’t always save you money. If you aren’t able to finish the entire amount before it goes bad, it doesn’t save you money. In that case, buying a smaller quantity will save you more money than getting a large container than you can’t finish in time.

14) Only Buy What You Will Eat in a Week

Aside from our seasonal stash in our freezer, and our large quantities of peanut butter, we only buy what we will eat each week.

This saves money because you are eating everything you purchase instead of purchasing things just in case you are in the mood for it at some point in the future.

15) Shop at Cheap Grocery Stores

These days we have a lot of options for where we can buy our food.

If you are looking to save money, find the cheapest place to get your groceries and shop there.

If you don’t know where your cheapest place to find groceries is, do a test. 

Have an identical Meal Plan for four consecutive weeks and buy your groceries and the four stores that you think might have the best prices.

At the end of the month, compare and start sopping at the cheapest place! 

(Just be sure that you bought everything the same each week of the test.)

For us, the cheapest grocery store is WINCO. They don’t accept credit cards, you have to bag your own groceries, and it isn’t fancy, but it gets the job done and is a lot cheaper than the other options around us.

If you don’t have a WINCO near you, find another discount grocery store like Aldi or SuperSaver. 

Sometimes you just have to do a little looking around!

16) Grate/Chop/Cut/Bag Your Own Food

Any time that someone else preps the food for you, you will pay extra. 

This includes grated cheese, baby carrots (yes, they are the same thing as big carrots, just cut smaller!), cut Brussels sprouts, bagged apples, and the list goes on. 

Instead of looking at the pre-packages salads, try making a salad yourself.

Placing fruit and vegetables into a bag instead of getting the pre-bagged ones will always save you money . (Almost always. Be sure to price check because you never know when those bagged items will be on sale.)

A little extra work in the short run will save you money in the long run!

17) Don’t Buy Drinks

If you have a problem going over your food budget, stop buying drinks.

Drinks may not seem expensive, but they can really add up over time. 

Water is essentially free, and better for you than anything you can buy! You can always add some lemon to your water if you don’t care for the taste. (I love these lemon and lime packets!)

If your kids don’t like drinking water, check out my post 9 Simple Ways to Get Your Kids to Drink More Water.

18) Only Buy Organic If You Can Afford It

Yes, I know that buying organic food is usually the right thing to do.

But here’s the thing, it’s also the most expensive thing to do.

If buying organic is important to you, but it’s also hurting your wallet, you can try doing one of these things:

1. Only Buy Organic If You Can Afford It.

Remember when we made that grocery budget above? That’s going to come in handy now.

Our weekly grocery budget is $100. But if I know that I will probably only be spending $50 on a given week because we have a lot of leftover ingredients from last week, or we spent some time at my parent’s house, I will buy more organic ingredients on that grocery trip than I normally would.

But when I need to buy more ingredients, I stick with the standard ones.

2. Only Buy Organic for the Dirty Dozen

Another alternative is to only buy organic for the dirty dozen foods. These foods tend to have the highest pesticide levels, so some people will buy organic for them, while buying everything else not organic.

3. Continue Buying Organic and Lower Your Budget in Another Area

If you want to continue to buy organic and can’t seem to lower your food budget enough in any other way, you may need to lower your budget in another area.

Can you drive a less expensive vehicle? Only put your children into one extracurricular activity instead of two? Lower your insurance payments? 

Ultimately, something somewhere will have to give if you need to save money or avoid going into debt.

If you need a list of other ways you can cut expenses when you’re living on a low budget, check out 10 Frugal Living Tricks for Saving Money.

19) Don’t Buy at Eye Level

Typically, grocery stores put the most expensive items at eye level. 

They want you to purchase them, so they want you to see them first.

Looking above or below the most convenient items will usually save you money.

20) Use Ibotta

I was never a coupon person… until a friend who is always looking for a good deal got me hooked on Ibotta

Ibotta is essentially a free coupon app that helps you get deals for things that you are already buying. Cha-ching!

All you have to do is download the app. In the app, you can search for deals by store and add the deals to your list. Once you purchase the item, just upload a picture of your receipt and it will take care of the rest!

You can even earn money by shopping online, as long as you go through Ibotta.

The only catch is that you have to get $20 to cash out. But there are so many items that have coupons on them that it doesn’t take long at all. 

Usually, there is at least one coupon for each store that is “any item.” This means that as long as you purchase anything, you can redeem it.

Stop Spending Too Much on Groceries, with 37 Ways you can save!

21) Grocery Shop Once a Week

If you limit your trips to the grocery store to only once a week you will spend less on groceries.

Every time you set foot inside a store, you increase the likelihood that you will buy something you didn’t need… usually just because it was on sale or it looked good at the time.

By limiting the number of times that you shop each week, you will save money.

22) Don’t Buy Single-Use Items

I’ve said this before, but I’ll say it again:

Single-use products will waste your money!

Single-use products are anything that is designed to be used once, then thrown away.

I’m looking at you, plastic sandwich bags, paper napkins, and paper towels!

Even if you buy paper towels at Costco, you could save over $40 a year if you stopped using paper towels alone and switched to using cloth towels instead.

That may not seem like much, but if I handed you $40 right now, what would you do with it? Would you wipe up the juice your toddler spilled, or would you spend it on something just a little bit nicer than that?

Ways to Save:

1. Swap your paper towels for regular dishcloths or paperless towels.

2. Use cloth napkins instead of paper napkins. (But keep the paper napkins that you get with takeout and use them on road trips or when you are out and about!)

We’ve been using ours for about 9 years now and they are still as good as new!

3. Reuse your plastic freezer and sandwich bags until they cannot be used anymore. 

Just scrub them with a little soap and prop them upright on your faucet and/or soap dispenser to dry… good as new!

The next time you run out of plastic bags and need to buy more, consider bags that are made to be reused like these.

4. Try replacing parchment paper with a Silicone Baking Mat to cut down on waste and cost in the long run.

23) Buy Seconds

If you buy groceries from farmer’s markets, farm stands, or fruit farms you can usually find “seconds” which are much cheaper than “firsts.”

What are seconds? Seconds are fruit or vegetables that have visual imperfections or are smaller or larger than the preferred size. 

I remember getting apple seconds from orchards when I was growing up and the only problem with them was that they were too big. (I didn’t even know there was such a thing as an apple being too big, but apparently, there is!)

They tasted exactly like the apples that were smaller. Shocking, I know.

Occasionally seconds may be a little overripe (which is perfect for juicing) or under riper (they will ripen if you sit them on the counter for a few days).

Buying seconds is a great way to save money while still getting high-quality produce.

24) Eat Simple Breakfasts

At our house, we eat the same quick, simple, and healthy for breakfast every day of the week except for Sunday.

Eating simple breakfasts will keep your Meal Planning simple, it will make your mornings easy, and it will save you money.

Check out my post How to Get Started Planning Quick, Healthy Breakfasts for 20 easy weekday breakfast ideas.

25) Eat Your Leftovers

Throwing away expired food is a waste of money. 

An easy way to reduce the amount of money (and food!) that you waste is to put leftover days into your Meal Plan

In our house, we eat leftovers every day for lunch and for dinner on Thursdays.

For more ideas on eating your leftovers, check out How to Work Leftovers Into Your Meal Plan.

26) Make Your Own Bread

Buying any brand of decent bread at the grocery store is crazy expensive. And not only is it expensive, but it’s also still full of ingredients that I can’t pronounce and don’t recognize.

Making your own bread saves money and is a fun activity to do with your kids!

Check out 10 Reasons to Make Bread With Your Kiddos if you need additional inspiration to break out the mixer this weekend!

27) Check Unit Prices

The large numbers that you see on the shelves are the price for the entire item or container that you are buying.

But if you want to know which item is cheaper, you have to look at the small numbers that are usually below the large ones.

This tells you how much you are paying per ounce, or per individual piece.

This is the only way to know which option is the least expensive.

28) Compare Prices EVERY TIME

Maybe this isn’t true for all grocery stores, but at ours, they change the prices frequently, and the cheapest brand changes from time to time.

The cheapest almond milk is different almost every week! Sometimes it’s the largest container that you can buy, sometimes it is a smaller one, and sometimes it is a completely different brand.

Just because something is cheaper one time when you visit the grocery store doesn’t mean it will be the next time.

29) Don’t Buy Impulse Items

Everything next to the checkout is placed there to make you spend a little bit more money… even if you hadn’t planned on it.

If you really want chips and candy, go to the chip and candy aisle and get a much better deal. If you really need that drink, go back to the drink aisle and get twice as much for half the cost. If you forgot to write gum on your list, go back to the candy aisle and get three packs for the price of one at the register. 

But whatever you do, don’t buy impulse items.

30) Make Your Own Detergent and Hand Soap

Another great way to save money at the grocery store is by making your own laundry detergent and hand soap.

Laundry Detergent

I make a double recipe of Mom’s Super Laundry Sauce every 6 months (or less!). And that is with doing between five and six loads a week (see my full laundry routine in my post How to Solve the Laundry Problem).

This detergent is incredibly cheap to make and you only use one tablespoon per load.

All you need to make a batch is:

Super Washing Soda: One box will make several batches of soap.

Borax: One box will make several batches of soap.

Fels Naptha Laundry Soap Bar: One bar for each batch.

Hand Soap

Buying hand soap can also cost a lot of money at the grocery store, especially if you want to buy one without all the extra chemicals. 

About a year ago, my friend, Karli, shared her hand soap recipe with me and I haven’t looked back.

When I was purchasing soap, I was needing to buy one every month or two. After the initial purchase of the ingredients to make my own, I haven’t had to purchase anything since.

All you need to make it is:

Dr Bronner’s Liquid Castile Soap: 2 TBSP per batch

Xanthan Gum: 1/8 – 1 tsp per batch depending on how thick you like your soap. I use 1 tsp because I like thicker soap.

Cold Water: 1/2 Cup

Hot Water: 1/2 Cup

To make it, just whisk the Xanthan Gum into the very Hot Water until it is dissolved. Then whisk in the Castile Soap and Cold Water.

31) Pay Attention at Checkout

Sometimes advertised prices are not reflected at checkout. Be sure to keep an eye out for anything that looks a little strange.

Several times I have had to ask the checker about the price and they will typically send someone back to check. 

Just this last week, someone punched in the wrong number for an item and it would have cost me $15 more if I hadn’t caught it!

Always check your receipt after shopping if the final number seems off to you.

How to Lower Your Grocery Budget Without Going Hungry.

32) Eat More Veggies

Eating more vegetables and less meat and dairy will save plenty of money at the grocery store. Money.com says that true vegetarians save about $750 per year!

33) Plant a Garden

While you’re eating more vegetables, start a garden!

Growing your food yourself is the cheapest (and highest quality) way to get more produce into your diet. 

Grab a regional gardening book (I like this one if you live in the Pacific Northwest) and get started! 

34) Use Your Own Bags

Where we live, stores charge you 5 cents per bag at the checkout if you don’t bring your own grocery bags.

If you purchase your own grocery bags, not only does it save you money in the short run, but at one of the stores we like to shop at, they will actually give you 5 cents for every bag that you bring in to use!

I know that 5 cents per bag doesn’t seem like a lot either way, but it adds up! I use 5 of my reusable grocery bags every time I go to the grocery store, so over the course of the 2 years that I have had them, I have made $26! 

35) Store Your Food Properly

Everything lasts longer if you store it properly. Check out this article to find out where you should store common food.

36) Have a Small Amount of Staples

Refrigerator

I keep condiments and things that I use every week, like milk, eggs, and peanut butter in stock. But I’m careful not to go overboard. 

Keeping too many things in your refrigerator without a plan to consume them will waste money. Having too many things on hand increases the likelihood that something will get lost in the fridge and go bad before it is eaten.

Pantry

In the pantry, I keep a few staples like dried beans, lentils, rice, flour, and honey at all times. But on a weekly basis, I only purchase what we will be using that week (unless I run out of one of the staples.)

If we needed to, we could live out of our pantry for a couple of weeks on the beans and lentils. But having an overstuffed pantry isn’t any better than having a cluttered fridge is for your wallet.

If you have a pantry that is completely full of food that you don’t plan on eating in the next week or two, then you have money sitting on your shelf for an indefinite amount of time.

Not only that, but you probably have food that has been expired hiding out at the back of your shelves.

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37) Declutter Your Fridge, Pantry, and Freezer

Refrigerator

If you have too much food in your refrigerator, it is hard to know what food is good, what food has expired, and what food is stuck in the far corner that will never be seen again.

If you declutter your fridge, then regularly stay on top of it, you will be more likely to eat the food that you buy before it goes bad.

Aside from the condiments in the door, and the peanut butter from Costco, I don’t have more than one week’s work of food in the refrigerator. 

Except for special circumstances, our refrigerator is empty, aside from the condiments, before I go shopping again.

Pantry

How do you declutter your pantry without wasting money?

Go through your pantry and decide which food is still edible and decide if you will actually eat it. 

Throw away everything that is expired. Everything that is still good but you don’t have any intention of eating, donate to a food pantry.

Now, for the next week, or two, or three plan your meals around the food that you already have sitting in your pantry. 

Once you have your pantry decluttered, keep only what you are eating on a weekly basis, plus a small amount of food for emergencies.

Aside from that, keep your money in your pocket.

Freezer

The freezer is the easiest place for people to lose food forever. 

Especially if you have a chest freezer, whatever occupies the bottom third of the freezer will most likely never see the light of day again. 

That’s why I only allow food to sit around in my freezer for one year at the most. By strawberry season, everything must be consumed, or I won’t pick as much in the coming months.

This ensures that we don’t waste any money for food that will only be used as a shelf for the food that is placed on top of it.

We keep track of how much we pick of each fruit each year and that helps us know how much to pick the following year depending on when we ran out.

Don’t buy food that’s just going to live in your freezer and never be used!

If you need to declutter your freezer. Take inventory just like you did in the pantry. Toss expired and freezer-burned items, and use the rest in your meals for the next month or two until you have your freezer stash down to a manageable amount.

If you’d like more details on how to declutter, check out How to Declutter Your Home: 10 Steps for Getting Started Today.

38) Organize Your Fridge, Pantry, and Freezer

Once you have the clutter down to a minimum, organize your refrigerator, pantry, and freezer so you can easily find what you are looking for.

Refrigerator

Designate different shelves for different items. 

I always keep my leftovers at eye level to be sure they are seen and eaten. Condiments go in the door. New food that is to be used for cooking that week goes on the bottom shelf. And I store bread and eggs on the top shelf.

Go with whatever feels natural for you… just be sure that you tell your family so you don’t end up fixing it every day.

Pantry

I use clear containers to be able to see my flours and oats and use baskets to organize everything else. 

Each basket has specific things that go in it. 

I use one basket for everything I will be cooking with in the coming week, one for tea, one for chips (we mostly eat unprocessed, but corn chips are my weakness!), one basket for hiking snacks, one for baking items like cocoa powder and shredded coconut, and one basket for food storage items like tin foil and baggies.

Keeping the pantry organized dramatically cuts down the time it takes for me to make a shopping list.

Freezer

I have two main rules for organizing my freezer:

1. Never put something different on top or in front of something else. 

So peaches can’t go in front of or on top of blueberries. They each get their own stack or shelf.

2. Never put something new on top of or in front of something old. The something old will sit there forever, and ever, amen. I promise.  

You will save money if you take a little bit of time to put the old things in front of the new because it makes sure that you eat the old stuff first.

How to Spend Less Money on Groceries. 37 Ways to Save Money at the Grocery Store and Still Eat Well.

Ready to Stop Feeling Stressed About Finances?

Then check out Master Your Money!

In Master Your Money, you will learn how to 

  • Calculate Your Net Income
  • Track Your Spending
  • Calculate Your Monthly Expenses
  • Determine Your Fixed & Flexible Expenses
  • Set Up a Budget
  • Pay Off Debt
  • Create Savings Accounts
  • Donate to Charity

Master Your Money walks you through exactly how to take charge of your finances so you can afford to live the life of your dreams!

Plus you will receive the Money Mastery Workbook and Spreadsheet and email support from me anytime you have questions.

I hope to see you inside the course!

(Or if you are more of a do-it-yourself kind of gal, you can check out my DIY Master Your Money Resources!)

And if you Want to Learn More About Meal Planning…

Then check out Set-It-And-Forget-It Meal Planning!

In Set-it-and-Forget-it Meal Planning, you will learn how to 

  • Create a Breakfast Rotation
  • Create a Lunch Rotation
  • Create a Snack Rotation
  • Choose Theme Nights
  • Create Rotations for Each Theme Night
  • Fill in Your Meal Planning Calendar

Set-It-And-Forget-It Meal Planning walks you through my unique method for setting up your meal plan so you will never have to start from square one again!

Plus you will receive the Set-It-And-Forget-It Meal Planning Workbook and Spreadsheet and email support from me anytime you have questions.

I hope to see you inside the course!

(Or if you are more of a do-it-yourself kind of gal, you can check out my DIY Meal Planning Resources!)

You May Also Like…

If you’d like more money-saving ideas, visit 10 Frugal Living Tricks for Saving Money.

If you’re ready to start budgeting, read How to Start Budgeting: A Beginner’s Guide to Creating a Budget, Cutting Costs, and Saving Money next.

Be sure to get your budget started on the right foot by checking out The Secret to Sticking With Your Budget From The Start.

And if you want to get started with Meal Planning, How to Begin Meal Planning When You Don’t Know Where to Start, will get you going!

See you on the next one! Kassy
The {Simplest} Budgeting Method for {Kids}: 7 Easy Tricks for Teaching Beginners

The {Simplest} Budgeting Method for {Kids}: 7 Easy Tricks for Teaching Beginners

We all want our children to be able to manage their money well and make good decisions with it. 

But when we should teach them about money isn’t exactly clear. 

If most adults struggle to manage their money, is it too complicated for a child to understand?

How to Teach Little Kids About Money. The Easiest Budgeting Method for Beginners.

Even if we knew when to start, how would we begin? 

Money has gone from something concrete that we hold in our hands to an abstract concept. 

Most children never see their parents use cash so it is easy for them to think that there is an endless amount of money on that plastic rectangle that their parents use to buy everything with.

This last Christmas, when our oldest was exactly four-and-a-half, we knew it was time to be more intentional about the conversations we had with her about money. 

We were sitting at the dinner table one evening and she began explaining to us that when you run out of money, you just get more… Whoops! 

That’s not how any of this works!

Ross and I started trying to explain how money works and the responsibility that money requires.

After the kids were in bed, we continued to talk about how she was at the age where we needed to start teaching her good money habits.

About a week later, one of her grandparents texted and said that they wanted to give the girls money for Christmas. They wanted to know if we just wanted it as an Amazon gift card, or if we wanted cash.

My first instinct was the gift card to Amazon, because it would be easy to use and I wouldn’t have to take the girls shopping…

But I quickly remembered that this would be a great opportunity to begin her monetary education! I changed my answer and received the money via a cash app.

In this post I’m going to show you how to teach your kids about budgeting in a way that they will understand, and how to teach them the value of money.

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How to Teach Your Kids About Budgeting

1) Let Them Choose 3 Jars

The first thing you need to do when teaching your children about money is to get three containers.

Since children are extremely literal and visual in how they understand and learn, I like to use mason jars. That way they can see the money even when the lid is closed. 

It helps make the process more concrete since they can see that their money is still in the container even when they aren’t touching it. This will come in handy once the money is transferred to a bank later!

You don’t have to use mason jars though. I used three small boxes for my younger daughter’s money because she is still a little young to care and the exercise with her money was more for my older daughter’s benefit than hers.

Since most of my mason jars are in use, I took the girls to Goodwill and let my oldest pick out three fun jars for her money. (The younger one will get to do this too when she is a little older.)

We couldn’t pass up this awesome “Girls Just Wanna Have Funds” jar that we found there!

Jar with money in it that says "Girls just wanna have funds"

2) Determine How to Divide the Money

When I was determining how I wanted to teach my girls to divide their money, I decided that I wanted to use the same basic structure for their budgeting system that Ross and I use for our budget.

(Check out How to Start Budgeting if you’d like a step-by-step guide for creating your budget.)

I suggest dividing the money among three categories for young kids and older kids who are new to budgeting.

The categories we use for our girls are:

Giving

Savings 

Spending

Now choose a percentage of the total that will go into each category.

While kids could afford to save a higher percentage of their money than adults can, they will have a hard time staying motivated to save if it takes too long to build up their spending money.

Teaching your kids to save 50% of their income is great, but it isn’t sustainable once they have to pay for rent, groceries, and their vehicle when they are living on their own.

Teaching them to save 20-30% of their income is much more sustainable throughout life… and it will be more motivating for them to keep saving instead of wanting to dive into their savings account all the time.

The habits we start in our childhood are incredibly powerful in shaping our lives, so start your kids with successful and realistic money habits now.

So what percentages should you use?

I highly recommend keeping the spending money to 70% or less of the total.

Why do we use 70 percent? 

You can read all about my 70/20/10 rule that we use for our budget in this post if you want more details. But for now, just know that it is a good goal to live off 70% of your net income for your entire life. Teaching kids to only use 70% of their income sets them up for financial success later.

Whatever you decide, just make the percentages realistic. If you only teach them to spend 10% of their income, they will get tired of trying to budget!

There are two basic ways to divide up the money that will be sustainable throughout the teen years and adulthood. I recommend choosing one of these options for your children:

Option 1: Easy Math

The first way is to keep things super simple. This option will be easy for even young children to wrap their heads around.

Giving: 10%

Savings: 20%

Spending: 70%

You can read more about this method and why it works well for budgeting here.

Option 2: Teaching Net Income 

The second option is a little bit more complicated to do the math, but it teaches kids an important lesson about Net Income vs. Gross Income (or Salary vs. Take-home pay). 

(You can see more detailed information about Gross Income and Net Income in this post.)

This is the way that we are teaching our girls to allocate their funds. 

Why?

For a couple of reasons:

1. My husband and I base our giving off of our gross income (the total salary before taxes). 

2. I want them to start to understand that we don’t get to keep every bit of money that we earn in life (even if they are mainly earning it by having birthdays at this point.) 

This gives you a tangible way to teach them about gross and net income before they have to deal with taxes later on.

Here’s How It Works:

First, give based on the Gross Income: Take 10% of the Gross Income. 

Net Income (=) Gross Income (-) Giving 

Save 30% of your Net Income: Multiply Your Net Income by .3 and Put that amount into the Savings Jar.

Then set aside the other 70% of the Net Income for spending money.

Notice that in the easy math option, I recommend saving 20% of the income… that is for the sake of easy math. For teaching net income, they can save 30% of their net income and the math will work out nicely.

Here’s an Example:

Christmas Money Example:
Total Gross Income: $25
Giving- 10% of Gross: $2.5
Total Net Income: $22.50
Savings- 30% of Net: 6.75
Spending- 70% of Net: 15.75

3) Do The Math

Next, figure out the dollar amount that is going into each category.

If it’s been a little while since 5th grade and you aren’t super comfortable with percentages anymore, here’s how it works:

Whatever percentage you want to use, just move the decimal over two places to the left, then multiply that new number by the total.

(Also if math isn’t your thing, stick with the Easy Math Option at first.)

Example:

10.% = .10

70.% = .70

10% of $25 = .10 x 25 = $2.50

20% of $25 = .20 x 25 = $5.00

70% of $25 = .70 x 25 = $17.50

Depending on the age of your child, you can do this step by yourself or have them help you.

When we did this the first time, my oldest daughter, at four and a half, was too young to understand percentages so I just did the math by myself.

4) Get Small Bills and Exact Change

Once you know exactly how much money you will be putting into each jar, figure out exactly how many dollar bills and quarters, dimes, nickels, and/or pennies you need.

Since my oldest was too young to understand that a $5 bill is equal to 5 $1 bills, I wanted to get the money in $1 bills to help her learn the concept. 

If your child is older, they may like having larger bills. But sometimes counting out 15 $1 bills and putting them all into your spending jar can be more motivating than putting one $10 bill and one $5 bill into the jar.

When the girls each received $25 for Christmas, I went to the bank and got 46 one-dollar bills and $4 in quarters. Yeah, it was a little weird to ask for, but it worked well for teaching!

The teller didn’t seem phased about getting such a strange request, she just asked if I was doing a fundraiser and needed to have change on hand.

I know that my younger daughter is way to young to understand the concept, but I separated out her money, too. 

This way my oldest daughter could have extra practice with counting and she could see that this is what we do with money for everyone in the family.

5) Explain As You Go

When you are counting out the money to put it in the proper jars (or containers), have them do everything with you.

As we went down the list, I had her count out the correct number of bills and quarters for each amount.

Then I had her do the same thing with her sister’s money.

It was good practice to have her do everything twice!

As you do this, be sure to explain is the right order of budgeting. 

Each time we go through the process I ask, “What jar do we fill first? Which jar do we fill next? What jar do we fill last?” 

Successful Money Habits Everyone Should Teach Their Children: The Easy Way to Teach Your Kids about Budgeting and Personal Finance

6) Give First: 10%

We are teaching our daughters to put their giving money aside first.

Why?

Because people are generally selfish and if we wait until we have leftovers to share with others, then there won’t be anything left. 

Putting the money into the giving jar helps us think of others before ourselves.

(If you aren’t into giving, just bump savings up to be your top priority!)

I go into more detail about the order for allocating your money in my Budget Percentage post.

7) Save Second- 20-30%

After giving, savings should be the top priority. 

Talk to your children about how they need to prioritize their savings. 

People are naturally impulsive and have unlimited wants, so if we wait until we are done spending to save, there won’t be anything left!

Which Percentage Should I Use for Savings?

In our Budget, Ross and I save 20% of our Net Income, but for the girls, I am teaching them to save 30% of their “Net Income” using the Teaching Net Income Option I showed above.

Why? Well, kids don’t have any necessary expenses. At least mine don’t at this point. 

They don’t pay rent, they don’t buy food, and we pay for their clothing and swimming lessons. 

Everything in their spending jar is just for fun.

Even if they are saving for something practical, I think that it is better for them to save up their spending money to buy something.

It’s a great opportunity to get into the habit of spending less and saving more.

Even from a young age, they can get into the habit of living on 70% or less of their net income as I explain in this post

Later, if they find that they can only afford to save 20% once they are on their own, it will be an easy adjustment to make.

It won’t hurt anything that they saved a larger percentage when they were younger, and they will probably be glad that they did.

How do I know that? Well…

I was kind of a miser as a little kid. I loved making and saving every bit of money that I could get my hands on. 

After I was married, my dad called me and told me he had just found a mason jar in his closet that I had asked him to keep safe for me when I was about twelve years old. 

It had over $700 in it, which was very helpful to a newly married couple living on a small income! 

That wasn’t all the money I had saved as a child, I had some healthy bank accounts as well from birthdays and jobs anyone would give me… this was my *extra savings*.

I was glad that I had chosen to save more than 20% of my income as a kid when I didn’t have expenses.

8) Spend Third- 70%

This is the category everyone is most excited about, which is exactly why we need to save this jar until last (teaching children about self-control, anyone?)

This jar is for anything and everything that their little hearts desire. (Within reason, of course, Mom and Dad have veto power in our house.)

Anytime that our oldest decides that she wants something and a Birthday or Christmas is nowhere in sight, we tell her “You’re welcome to earn some money to buy that!” or “You can use the money you have in your spending jar if you’d like.”

Then she has a choice to make about how she wants to spend her money.

Often she decides she really didn’t need it in the first place, and other times she starts finding ways to make money.

7 Ways to Teach Children the Value of Money

Now that you know the process for teaching kids how to allocate money when they have it, here are Seven Additional Ways to teach them about the value of money.

1) Give Them Ways To Earn Money

In our house, chores are compulsory.

They aren’t optional, debatable, or up for discussion.

They are a way that we can all participate in making the house run smoothly.

However, once their daily chores are completed, they can earn money by doing extra, more involved chores. 

When my oldest daughter told me that “her kids” (her dolls and stuffed animals) needed Christmas presents this last year, I told her she would have to earn some money if she wanted to buy them presents. 

(I explained that I already had bought Christmas presents for my kids and I hadn’t planned on spending any money on hers.)

I was deep cleaning my kitchen at the time and told her I would pay her for helping me.

Pro Tip: Don’t overpay your children just because you love them and are proud of them for trying. Use this as an opportunity to teach them that they have to work hard for money and pay them for their skill level. If you overpay them, they will expect making money to be easy when they get a job and not be prepared to put in much effort.

Since she was only four and needed a lot of assistance, I paid for the effort and the principle of working for money more than actually paying for the help I received.

After she had her money, we went to the dollar store and she found her kids some cars and stickers.😂

She was so proud of the presents and wrapped them up and helped Little Jane (her favorite doll) open them on Christmas.

I don’t think she would have been as excited to give them the gifts if she hadn’t worked hard for the money herself.

How to Teach Kids About Money: The Easiest Budgeting Method for Beginners

2) Let Them Buy Things

Later she wanted a watch because most of her little friends had received them as gifts. 

We told her how much money she had in her jar and let her do some shopping. (She ended up shopping with our help on Amazon because that seems to be the only place to find things that don’t have branding all over them…)

She picked one that she liked and was within her budget and waited anxiously for it to come!

The day that it came, we let her open the package, then told her to get her money. Ross had her count out the exact amount of money that she needed to pay for the watch.

After she counted out 14 dollars she said “But that’s all my money!”

We reminded her that we had told her that this would take all of her spending money as she was watch shopping. We told her if she wanted the watch, she had to trade the money for it.

After weighing for a minute if it was worth it or not, she decided that she wanted the watch.

That’s exactly what we want to happen! We want our children to realize that everything that we buy has a cost.

3) Set Boundaries with Gifts

Setting boundaries with birthdays and Christmas and any other holiday presents is an important step in teaching children the value of money.

If every holiday they receive anything and everything on their wish list, they won’t see any need to be careful with their own money.

They also won’t learn how to weigh out different options and make a decision about which item they would like more. This is a valuable tool that many children are missing out on because of so many generous people in their lives.

If a child wants a bike and a scooter for his birthday and ends up with both because each set of grandparents got him one, he didn’t have to learn to save his money and decide which one he really wanted.

Sometimes it can feel uncomfortable to have a conversation about keeping gifts to a minimum.

While you certainly don’t want to hurt anyone’s feelings, we have had great success with having honest conversations with all the grandparents in our girls’ lives.

More often than not, family members will understand and appreciate the values you are trying to instill in their grandchildren.

We still get our girls’ birthday presents, and sometimes large ones, but we usually have all the grandparents go in on one gift if it is a large item instead of having every one of them get several individual smaller gifts. 

This allows the girls to have the opportunity to save their money for things when they want them. (Plus this helps keep the clutter under control!)

4) Talk About Money

Money is something that we talk about in daily life. 

When the girls ask to go out to eat, we explain to them that it costs a lot more money to go out than it does to eat at home. 

When they ask for something new, we explain how many dollars it would cost them and ask if they would like to do some work for it.

When they ask why Daddy is at work all day, we talk about how everything in life costs money and he is making money so we can afford our house, food, and clothing.

As they get older, the conversations will change and get more specific. But I don’t think children are ever too young to start learning that money is something that has to be worked for.

5) Get More Jars

As soon as they are old enough to want some larger items like a bike or scooter, show them how they can separate out some of their spendings to save for a larger goal.

Grab an extra jar, label it with whatever their goal is and help them decide how much of their spending money they want to save for the big item. A good start is 50% toward the goal, 50% in their regular spending jar for smaller items along the way.

Note that this is 50% of their Spending Money. So separate out the 70% for spending, then split the 70% up among the spending jars.

Let them have a say in how they want to save for the larger item, if they want to put everything toward their bike, they will get there faster!

The older children get, the more items they will want. Let them use several jars to keep track of how much they have saved for each specific item. 

It will be more motivating for them to be able to see the separate amounts and know where they are in relation to each goal than it would be to throw it all into one pot and guess how much they have.

6) Help Them Set Goals

Sometimes children get stuck on buying trinkets and have a hard time realizing how much more fun they could have if they used their money for larger items.

Try suggesting some larger items that you know that they would enjoy spending their money on. 

Depending on their age, have them consider a watch, a fun dress, a new bike, getting a pedicure…the sky’s the limit!

7) Get Bank Accounts

Once the Savings and/or Spending jar is full, help them set up bank accounts. 

Especially for savings, having a bank account will keep them from wanting to dip into their saved money and use it for spending.

It can also be a good idea, as they get older, to get them a checking account for their spending money, but I wouldn’t do this until they are old enough to understand more abstract concepts.

They need to be able to understand that the money is in their account at the bank and that they are still exchanging dollars for goods even though they are only using a card.

If they are saving for a large item and you want to keep the money safe until they are ready to purchase… but you don’t think they will understand the concept of a bank card yet; you could always open a checking account for them. Then before they are ready to buy, take them to the bank to get the cash. This will help them see the money in action.

You May Also Like to Read…

10 Reasons You Should Make Bread With Your Kiddos and 9 Practical Ways to Teach Your Children Self-Control.

If you want a more detailed explanation about the 70/20/10 rule, check out How to Use Budget Percentages to Build Your Budget: The Secret to Sticking With Your Budget from the Start.

And if you’d like to get started creating your budget, read How to Start Budgeting: a Beginner’s Guide to Creating a Budget, Cutting Costs, and Saving Money.

Want 7 Extra Hours Every Week? Grab the Streamline Your Home Quick-Start Guide!

Ready to Stop Feeling Stressed About Finances?

Then check out Master Your Money!

In Master Your Money, you will learn how to 

  • Calculate Your Net Income
  • Track Your Spending
  • Calculate Your Monthly Expenses
  • Determine Your Fixed & Flexible Expenses
  • Set Up a Budget
  • Pay Off Debt
  • Create Savings Accounts
  • Donate to Charity

Master Your Money walks you through exactly how to take charge of your finances so you can afford to live the life of your dreams!

Plus you will receive the Money Mastery Workbook and Spreadsheet and email support from me anytime you have questions.

I hope to see you inside the course!

(Or if you are more of a do-it-yourself kind of gal, you can check out my DIY Master Your Money Resources!)

Want to Get 7 Extra Hours in Your Week?

Then check out Simply Streamlined!

In Simply Streamlined, you will learn how to 

  • Declutter Your Home
  • Put Effective Routines in Place
  • Create a Set-It-and-Forget-It Meal Plan
  • Get Your Finances Under Control

Simply Streamlined walks you through exactly how to Completely Streamline Your Home in just 15 Minutes a Day!

Plus you will receive

  • Cluttered to Calm Lessons, Workbooks, and Spreadsheets
  • Put Your Home on Autopilot Lessons, Workbooks, and Spreadsheets
  • Set-It-and-Forget-It Lessons, Workbooks, and Spreadsheets
  • Master Your Money Lessons, Workbooks, and Spreadsheets
  • AND Weekly Live Coaching Calls!

I hope to see you inside the program!

(Or if you are more of a do-it-yourself kind of gal, you can check out my DIY Streamlining Resources!)

See you on the next one! Kassy
Money Management for Children. How to Teach Kids About Personal Finance so that they will understand it.
How to Explain Budgeting To Your Kids. Budgeting Tricks Every Kids Should Know
The Simplest Budgeting Method for Kids: How to Teach Your Kids About Budgeting
How to Teach Little Kids About Money: The Easiest Budgeting Method for Beginners.
Easy Budgeting to Teach your Children. How to Teach Your Children About Personal Finance in 10 Easy Steps