Read this Chicago Tribune article on how to save when you pick up prescriptions at any pharmacy. Ask your pharmacist, “Is there a lower cost or generic I can purchase for less than my copay?”
Do not fall for any phone calls, recorded or otherwise, that come from the IRS. The IRS will NOT initiate any audit, review or communication by phone. The IRS uses the US Post Office.
Link to IRS about scam calls
Today’s advice is aimed at transitioning your 10 – 13 year olds from whatever allowance they currently receive for chores, to earning their own money. Unfortunately, gone are the days of the local paper route, this was the way my father (at around 13!) earned a trip to New York City! Our kids need to be a little more creative. At this age, more mature kids can shovel, weed or help plant flowers for a neighbor. You can help your child be creative and make cards to hand out.
Another way to earn money is to hold a garage sale. In my house, there was always a bit of a surplus of toys and books. If you (or maybe your entire neighborhood) has a garage sale have your child participate. They should collect and price, with your help of course, items to sell. It is my suggestion that you have them keep their items separate. It is important that you hold onto the cash but help them make change and keep a tally of ‘profit’. Don’t forget to Share | Save | Spend that I blogged about yesterday.
Poker chips are cheap…I mean cheap…buy a couple of sleeves at the dollar store. That is all this project should cost.
Today is the first of five days of money handling for kids. I am going to work from youngest to oldest. This idea is aimed at 3 – 5 year olds, adjust as necessary, you know your kids. I know some of you think three might be a little young to start teaching about money, I respectfully disagree. Some of the monetary issues in our society are driven by a lack of value attached to the ‘things’ we ‘have to have’.
Kids are inundated by advertisers telling them what they have to have. If you really think about it, how many of your parenting ‘Nos’ are in response to your child asking for something they saw on TV? Today’s hack helps you put together a plan for rewarding your kids while teaching them that things need to be earned.
If your kids are small, have them collect chips for putting toys in a basket. Four chips = whatever they find that is super fun! As an example: If your little girl wants you to dress up and play ‘Frozen’ with her that may equal two chips. The smaller the kid, the easier the tasks should be to complete.
As your kids get older, you can change the chores and rewards change. A kindergartner may want to go the Jump Zone and that may equal making his or her bed for a week in a row and putting the napkins on the table for the dinner place settings. You know your kids so adjust as you see fit. It all starts with showing them how earning makes the reward so much more valuable.