7 Essential Money Principles to Teach Your Kids

Do you want to teach your kids about money starting at a young age? These 7 essential money principles are a great place to start as you raise financially responsible kids! The following is a guest post by Elena of Kid Laboratories: As parents, we're ... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  View Online Here's what's new: 7 Essential Money Principles to Teach Your Kids 7 Essential Money Principles to Teach Your Kids Do you want to teach your kids about money starting at a young age? These 7 essential money principles are a great place to start as you raise financially responsible kids! The following is a guest post by Elena of Kid Laboratories: As parents, we’re often confronted with moments that challenge our values and principles, especially when it comes to money. I recently found myself in one of those moments, standing in a checkout line with two toddlers and a six year old, facing the relentless pleas for treats. In that instance, I caved, opting for a quick fix to pacify my child’s demands. Before parenthood, I had a career in technology and a background in economics. I understood the significance of teaching children about the value of money, distinguishing between needs and wants, and fostering financial responsibility. However, in the chaos of everyday parenting, those principles can sometimes take a backseat to immediate needs and convenience. 7 Essential Money Principles to Teach Your Kids Reflecting on that experience, I realized the importance of instilling sound money principles in my children. The truth is, parenting is a journey of constant learning and adaptation. It’s about finding the balance between meeting our children’s needs and guiding them toward responsible decision-making. So, what are the essential money principles that all parents should know and strive to instill in their children? 1. Delayed Gratification. Teaching children to wait for things they want can be challenging but essential. By delaying gratification, we instill patience and discipline, which are crucial qualities for financial success later in life. 2. Needs vs. Wants. Helping children differentiate between needs and wants is fundamental to financial literacy. Teaching them to prioritize essentials over unnecessary luxuries cultivates mindful spending habits. 3. Budgeting. Introducing children to the concept of budgeting at an early age lays the foundation for financial responsibility. Encourage them to allocate their allowance or earnings wisely, emphasizing the importance of saving and planning for future expenses. 4. The Value of Hard Work. Instilling a strong work ethic in children teaches them the value of earning money through effort and perseverance. Whether it’s completing chores for an allowance or pursuing part-time jobs as they grow older, understanding the correlation between work and income is invaluable. 5. Financial Goals. Encourage children to set financial goals, whether it’s saving for a toy, a college education, or their first car. By setting objectives and working towards them, children learn the significance of planning and prioritizing their spending. 6. Open Communication. Foster an environment of open communication about money within the family. Encourage children to ask questions, express concerns, and participate in discussions about budgeting, saving, and investing. 7. Responsible Financial Behavior. Perhaps the most influential way to teach children about money is by demonstrating responsible financial behavior ourselves. Children learn by observing, so modeling healthy spending, saving, and investing habits sets a powerful example. Parenting is filled with countless opportunities to impart valuable life lessons, including those related to money. While we may falter at times, it’s essential to approach these moments with reflection and a commitment to growth. By embracing these essential money principles, we empower our children to navigate the complexities of personal finance with confidence and resilience. After all, preparing them for a secure financial future is one of the greatest gifts we can give as parents! Elena Czarnowski is a digital educator, specializing in non-traditional learning topics. Her most popular courses include “Moneywise: Financial Literacy for young teens” and “Goals & Grace: Character Development and Goal Setting.” Explore an entire suite of offerings at Kid Laboratories.       Latest finds on Pinterest Learn how cooking pizza on the grill will change the way you eat pizza forever with these tips and a delicious pizza dough recipe. You can customize your pizzas so that everyone can make their own. This pizza crust is perfect and your grill will perfectly cook it for any easy spring or summer dinner idea! Don't cook inside when you can make this! Are you a busy mom sick of trying to come up with a great menu week after week that your family will be happy with? Good news - download this free resource of 60+ easy dinner ideas that you can use at any time! Stop spending extra money at the drive-thru when you can make these easy low-prep meals you can make in a hurry! Looking for the best garage sale tips? These top 10 tips will ensure you have a successful garage sale! #garagesale #makemoney #declutter Safely Unsubscribe • Archives • Preferences • Contact • Subscribe • Privacy Email subscriptions powered by FeedBlitz® • 1800 Camden Road, Suite 107-258 • Charlotte, NC 28203, USA

Amazon Prime Day (July 16-17, 2024)!

Amazon's Prime Day is back on July 16-17, 2024! Want to know how to get the best deals? In this post, we share our best tips for saving money and scoring great deals on Amazon Prime Day! Amazon Prime Day 2024 Amazon just announced their 2024 Prime Day ... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  View Online Here's what's new: Amazon Prime Day (July 16-17, 2024)! Amazon Prime Day (July 16-17, 2024)! Amazon’s Prime Day is back on July 16-17, 2024! Want to know how to get the best deals? In this post, we share our best tips for saving money and scoring great deals on Amazon Prime Day! Amazon Prime Day 2024 Amazon just announced their 2024 Prime Day dates! Prime Day 2024 will be held July 16 at 12:01 a.m. PDT and will run through July 17, 2024. If this is anything like last year’s Prime Day sale, we will see deals that are as good as or even better than Black Friday deals! In addition, many other online retailers (like Walmart and more!) planning to offer really fantastic prices and deals around the same timeframe! Amazon says this about Prime Day 2024: Amazon’s 10th Prime Day event starts July 16 at 12:01 a.m. PDT and runs through July 17. Prime members will get exclusive access to millions of great deals on brands like Clinique, Allbirds, and Kiehl’s. New deals will continue to drop as often as every five minutes during select periods throughout the event, so members can come back and shop often to find something they love. Invite-only deals are also back this year, which means Prime members can request an invitation to exclusive deals that are expected to sell out. Some of the top Invite-only deals to put on your radar include up to 40% off Sony Wireless Headphones and up to 30% off Peloton products. How to Get The Best Deals on Prime Day 2024 We predict that starting July 16 (or even earlier — from other online retailers), we’ll see a flurry of deals similar to what we usually see on Black Friday week. We love that so many other companies will be competing with the deals Amazon is offering because that means more deals and more savings! Because of this, we want to help you prepare accordingly so you can save the most money. We’ll be here all day both days! Our team will be hard at work all day both days scouring the deals and posting the best ones we find! So be sure to tune in here at MoneySavingMom for all the BEST discounts on Prime Day 2024! We’ll be posting all of the best deals all day both days! You can also follow us on Facebook or Instagram, join our Facebook group, and sign up for our HOT deals newsletter. Following us multiple ways gives you the best chance of catching all the deals as they pop up quickly! 5 Tips For Preparing For Amazon Prime Big Deal Days To help you prepare well to maximize your savings for Amazon Prime Days, here are 5 strategies we suggest: 1. Sign up for a free 30-day trial to Amazon Prime. Not an Amazon Prime member? No worries, now is the perfect time to sign up for a FREE 30-day trial. This way, you’ll get all of the benefits of Prime and be able to take advantage of the deals, but you won’t have to pay for a Prime subscription. At the end of the 30 days, just be sure to go into your account and cancel your subscription and you won’t be charged! Psst! If you’re a student, you can sign up for a FREE 6-month Amazon Prime trial! 2. Subscribe to Crystal’s Hot Deals email newsletter. Have you signed up for our Hot Deals Email Newsletter yet? If not, be sure to do so before Prime Day! When you sign up, Crystal will send you no more than 1-2 emails each day featuring the hottest and best deals hand-picked by her as soon as they become available. This way, you won’t have to wait for the daily enewsletter to go out in the afternoon; you can jump on the hottest deals right away! Crystal will be sending out two email newsletters both days on Tuesday and Wednesday featuring only the BEST deals that are her top picks. Sign up for this newsletter here. 3. Follow us on Instagram. You can find us on two different Instagram accounts on Prime Big Deal Days: :: Crystal’s personal Instagram: Be sure to head over there and hit the follow button. She loves personally sharing the deals she’s most excited about on IG Stories. (Plus, you’ll see a lot of behind-the-scenes content including day-to-day life, grocery shopping hauls, and a lot of other fun stuff that doesn’t get shared anywhere else!) :: Money Saving Mom Deals Instagram: You’ll also want to go follow our Instagram account that is solely dedicated to posting the top deals each day! If you follow us there, you’ll see deals pop up not only on IG Stories but also in your feed throughout the day. You’ll also get to know some of the rest of the team here, as we often show our faces on video in IG Stories! On Prime Days, we’ll be hopping onto IG stories on both accounts multiple times throughout the day telling you about the best deals that we’re most excited about! So be sure to follow both accounts HERE and HERE so you don’t miss anything! 4. Follow our Facebook Page We’ll be posting all the deals all day long on our Facebook Page, and it’s one of the easiest ways to make sure you don’t miss any HOT deals! Just bookmark this page and refresh it throughout both days to keep up to date with the latest and greatest deals. Plus, you might see some live videos and FB Stories throughout the day from different team members talking about some of our favorite deals! 5. Make a List & Budget If you haven’t done so already, be sure to make a list of the items you are most interested in buying, as well as the budget you have to spend. This way, you don’t just jump on a good deal because it’s “such a good deal”, when it’s not something you need or can afford. How to Earn Free Gift Cards For Prime Big Deal Days Want to stretch your dollars even further? Now is the time to cash out your free Amazon gift cards or spend some time over the next couple weeks earning some extra Amazon gift cards. Here are just a few ways to earn some extra cash to spend on Prime Day: Download the Amazon Photos App — Amazon users can see if they’re eligible to receive a $15 Amazon credit for downloading the Amazon Photo App and uploading photos! Sign up for Shopkick — Sign up for Shopkick and earn 50 kicks within 7 days, and you’ll be able to get a FREE $5 Amazon gift card! (It’s super easy/quick to earn 50 kicks.) Sign up for Swagbucks — It’s also easy to earn enough swag bucks to trade in for a $5 gift card! You have plenty of time before Prime Day, even without referrals. I just spent an hour or two this week doing a few activities and already have enough for a $10 gift card! Go here to get started with Swagbucks. Sign up for Fetch Rewards — It’s so simple to earn points for scanning your receipts with Fetch Rewards. (Meg here! I signed up last year and earned $5 within a day or two and I’ve now earned hundreds of dollars in gift cards. It’s super easy. Also, your first couple scans will be worth enough to quickly get you over the 5000 points mark to trade in for an Amazon $5 gift card!) Psst! Find more ways to earn Amazon gift cards here.       Latest finds on Pinterest These easy individual chicken pot pies are perfect for lunch or dinner when you are eating solo! Make ahead these individual pot pies, and you'll have 6 freezer meals ready to bake! #freezermeals #chickenpotpie #makeaheadfreezermeals This easy baked chicken breast recipe is cooked to tender and moist perfection in about 20 minutes. This includes a 3 ingredient seasoning mix and a secret tip on how to keep the chicken extra tender. This is the best way to make oven baked chicken breast and will become a family staple. Looking for fun 4th of July dessert ideas? This mason jar ice cream is SO easy to make and great holiday fun for the family! 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