Home Improvement Goals: Saving Money So You Can Spend More On Your Family

Many people are going to approach home-improvement from the perspective where a nicer home is a goal in itself. However, if you think from a broader viewpoint, you can start to consider that one of the reasons you want to do home improvement projects in the first place is to save money so that you can spend more cash on your family instead.

Consider this process. First you figure out how to get a home improvement loan. Then you choose a DIY route for accomplishing a task, thereby saving money. And then you figure out how to eliminate sunk costs in your household, freeing up some more cash. And then you think outside the financial box to determine value other than strictly in a monetary-based way.

Getting a Loan

For anything other than the smallest home improvement projects, you’re probably going to have to get a loan. As long as you know that you have the income to cover this loan over time, it really is better to pull the trigger and improve your situation as opposed to trying to figure out how to scratch together the money over time. After this loan is in, then you can figure out which home improvement projects to take on to start sorting out areas of your household that prevent you from spending good family time together.

Choosing the DIY Route

There are tons of DIY home improvement projects that you can do. Instead of spending thousands of dollars hiring a contractor, you can spend a few hundred doing it yourself. Also, if you do the project with your family, that’s a good bonding experience. So not only will you be saving money, but you’ll also be spending more time with your household tribe as well.

Eliminating Sunk Costs

There are sunk costs associated with certain household items or activities. And if you really want to save money, even if it feels like a sacrifice, you should get rid of these things. For example, if your family isn’t using that in-ground pool that’s costing you tons of money to maintain, it might be time to fill it in. Even though people wouldn’t consider getting rid of the pool as an improvement in most cases, you know that in this context that’s actually exactly what you want to do.

Thinking Outside the Financial Box

The value concerning your household and the quality of time that you spend with your family is not just going to be about the number of dollars that you spend. Quality time means focus. Quality time means understanding what everyone in your family likes to do. If you choose home improvement goals that increase the value of your family time as opposed to just the value of your home, then you’re headed in the right direction.

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Budgeting With Your Kids :Teaching your kids how to be financially responsible(guest post)

With a changing economy, now more than ever it is important to teach your children about financial responsibility, even at an early age. There are many different methods for teaching little ones about money.

As part of training the next generation, it is vital to be involved in the money education of your children. In a lot of ways, teaching your kids how to handle money correctly is also teaching them your values, ethics and morals. If you are ready to start integrating financial planning into your child’s every day learning, look to this list for a few effective ideas.

Teach them where money comes from

While it might be interesting to talk about the national mint and bank circulation, it is more practical to show your children how you as parents provide family funds. It is important that they understand the process of earning money and why it is necessary to live within your means.

One of the most common ways to teach your children this lesson is by giving them an allowance for doing chores around the house. Give each chore a dollar amount and connect the fact that parents go to work to do the same thing. The next step is teaching them how to manage their newly earned cash.

Create a budget with your kids

The number of teens and college students who not only have never budgeted before, but also do not know how to budget is astounding. Make sure that your kids are not part of that group by helping them create a budget for the money they are earning.

There are budgeting worksheets and other resources online to help you and your kids set up a budget. Make them plan out where they will spend their money each week. If they want an extra activity, make them do extra chores to earn it, teaching them the value of money and a savings account.

You can also let them be a part of the family budget. When you sit down to plan out the family finances, have your kids sit with you. Explain each item as you go along so they understand the expenses that the household is obligated to purchase.

Help them understand loans and credit

Credit card debt is a very prominent issue in American society. Help you kids understand how to avoid credit card debt and what loans, like TitleMax, are and why they are used. If they understand how credit works and how to use it correctly, they are less likely to get into financial trouble in the future

Set up a loan system with them if they want to buy something outside of their budget. Give them an allotted time to pay it off, and supply penalties for late payments, just as a real loan would work. This system of delayed gratification will teach them how to manage their money and realize the value a dollar has.

Jessica Socheski is a freelance writer who loves researching creative solutions for personal finance. You can find her at The Teaching Box where she is an editor or on Twitter.

Image: http://www.washingtonparent.com/articles/1208/kids-and-money.php

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Tantrum Time

My daughter is 3 years old, she never went through terrible twos. I thought this is great hopefully she wont go through that stage at all. Boy was I wrong.

She has started throwing these tantrums that are the worst I have ever seen. We can’t control her or calm her down. I have tried everything;getting down to her level and trying to talk to her to calm her down, threaten to take some stuff away that she really likes, tell her when we get home we can play outside or play a game.

It always seems to be when we are out in public, it is so embarrassing. I always take her to the car and she absolutely refuses to get in her car seat. She scratches, kicks and screams. Last night my husband took her and my son out quick to the store. I was making dinner and I was starting to get worried while they were gone so long and he called me and asked me to come pick my son and the milk and he was going to wait it out with her until she would get in her car seat so he could buckle her in.

Well another half hour went by and he called me again and said he could not calm her down and she still refused to sit in her car seat. I tried getting her to sit in her seat she immediately started to kick and scratch me. I tried forcing her in her car seat and she just grabs a hold of it and pushes away.

I don’t want to reward her bad behavior. I am at a loss of what to do at this point.

What do you do when your kids throw tantrums and they are out of control? I need some advice.

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