Fun Ways for the Entire Family to Save
Most people don’t think saving money is fun, but there are ways to make it fun for the entire family. Check out these ideas for fun ways to save:
Make It a Competition — You and your spouse or two of your teenagers can challenge each other to a “save-off.” Set a time frame and a savings metric to determine the winner. It could be who can save the most money in six months or who can save the highest percentage of their income in a year. Most people love a good challenge, and this is a great way to jump-start your savings. Make sure the prize doesn’t claim everything you’ve saved. Think of something that doesn’t cost a lot of money, like the loser has to wash the winner’s car or make a homemade meal.
Create a Savings Thermometer — This is a great way to save when you have younger children. Let the kids create a large thermometer out of poster board, then write a saving goal at the top and hang it somewhere in the house where everyone can see it.
Each week, let your children color the thermometer based on how much was saved. The top of the thermometer could represent a prize everyone in the family wants, such as a pizza party, trip to the zoo, or excursion to the beach.
Have a Family Garage Sale — A great way to clean out your house is for everyone to find clothes, toys, and other household items they no longer use or need. Let your children help coordinate the garage sale, develop the advertising, and be part of the sales team.
Find Inexpensive Family Fun — Not every outing with your kids has to include spending money, especially with younger children. Go to a local park, plant a garden together, or play a family game of baseball or volleyball. The point is to spend time as a family, not to spend money.
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This newsletter was prepared by Integrated Concepts Group, Inc. The opinions expressed in this newsletter are for general information only and are not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation. The views expressed are those of the author and may not necessarily reflect those held by PlanMember Securities Corporation. Material presented is believed to be from a reliable sources and PSEC makes no representation as to it accuracy or completeness.