Dec 3, 2010

Decorating For The Holidays On A Budget (Merrick)

I love decorating for Christmas, but every year I struggle with our small space, the additional cost on top of gifts, and good ideas that aren't tacky.

Despite my past failed attempts, I was determined to come up with something good. So this year I turned to my new best friend, the dollar store. The store closest to me is The Dollar Tree, and they have an excellent selection of Christmas items -- all for only one dollar! So after a little inspiration from blogs, I made my way to the store and picked up a few fun things. Let me show you what I ended up with:

[three ornament packs, two Dollar Tree vases, one vase I already owned, ribbon from Christmas last year, serving platter I already owned]


[half a pack of ornaments, vase I already owned, candle I already owned, ribbon from last year]




[2 Dollar Tree vases, 1/2 a pack of DT ornaments, 2 packs of DT candy canes, ribbon from last year]

[old picture frame, free printable art from a blog]


[vase I already owned, berry branches from my front yard spray painted white and sprinkled with glitter]


I'm really happy with how these decorations turned out. They're classy and pretty, and best of all I spent less than $10 on everything. It is possible to decorating for the holidays without blowing your budget!

How are you saving on your holiday decorations this year?

Dec 1, 2010

Saving on Holiday Shopping (Janssen)

I cannot believe it is December. . .this year has RACED by for me.

And now the holiday shopping season is in full swing. Which likely means at least some shopping.

Two things to help you save a little money this year:

First, my annual plug for Ebates. There are about 1200 participating stores and you get cash back from any purchase you make through Ebates. Just sign up for a free account (you also get a bonus $5 or a $10 gift card for signing up) and then navigate to the store through the Ebates website, then make your purchase as normal. And voila, some percentage back of your purchase price. You'll get a check in a couple of months. I checked earlier this week and over the last couple of years, I've made over $250 (in fact, I have my most recent check for $26 in my purse waiting to be cashed at this very moment). And that's for someone who doesn't do a ton of shopping online. I'm never one to say no to free money.

Second, I just found out about ShopRunner, a program that works much like Amazon Prime (where you pay a yearly subscription fee and then you get free two day shipping on your purchases). Shoprunner works for a number of stores (right now the list is somewhat limited, but it does include Borders, Babies R Us, Toys R Us, The Sports Authority, etc) and if you purchase a membership, you get free shipping with all those stores. But, of course, who wants to pay $79 for that privilege?

As I mentioned, I don't do a lot of online shopping, so I would never pay for an account, but I was certainly happy to sign up for the free 30 day trial. I got three books for five dollars and didn't pay a dime of shipping last week and then I made a HUGE note in my dayplanner to cancel my membership before the 30 days is up. If you're ordering Christmas gifts through any of the participating stores and you can remember to cancel your membership before you get charged, you can get all your shipping free and fast with the 30 day trial. No minimum purchase and, at least at Borders, even items from other sellers (including used items) qualify for free shipping. Also, you can get free return shipping on any purchase, so if you sign up now, you'll still have a few days after Christmas to return things as needed before your free membership expires.

Let me say it again, though, don't forget to make a note to cancel it before you get charged! Spending $79 to save $50 on shipping isn't saving money.

Nov 29, 2010

Gifts That Make a Difference (Carole)

You'll remember a couple of weeks ago, I wrote about being able to spend your money on fun adventures occasionally, because you are usually frugal.

Well, right now I'm writing this post in the beautiful country of Honduras.  My husband, 14 year old son and I have been blessed to be part of a group of 100 doctors and dentists and their older children who have provided medical care and dental work for about 450 young men and women who could never afford it otherwise.  It has been a life-changing experience for all of us.  This is another reason to be frugal: so you can help others.  Possibly it's the best reason.

We've talked about being part of a group like this for over 20 years, and finally were able to make it a reality.  I hope one day each of you has an experience like this in your lives.  This has been a Thanksgiving we will never forget.  In fact, we hope to participate again next year.

It's been a busy 10 days of wonderful service where we truly received more than we gave.  In that same mode, I'm sharing a great post from Get Rich Slowly of truly thoughtful and helpful (and frugal) gifts that can be given during the holiday season.

I hope you enjoy these ideas as much as I did.   

Grandma probably doesn’t want another scented candle, but she could very well use a ride to the store. Your underemployed nephew would likely prefer a little help filling the pantry instead of a jokey T-shirt. And the sister who’s staying home with her kids may not be able to afford any extras just now. Instead of dropping $40 on a sweater, why not put that money toward a membership to the local museum?
You’ve still got a few weeks to think about Christmas gifts. Make this the year when you pick presents that actually help. I’ve put together a list of items that save the recipient money or fill a specific need. Prices range from as little as $5 to upwards of $50 or more — and some of the suggestions will cost you little except time. . .Read The Article Here

Nov 26, 2010

Giveaway Winner!

Well, I'm probably not the only one who thoroughly enjoyed reading through all the giveaway comments. I thought it was especially nice that you all took a moment to think about what you were grateful for -- what a great reminder for all of us.

Anyway, without further ado, our winner of Dave Ramsey's book is:



Conntess, who said...
I'm grateful that I can afford helping others financially. I'm grateful that I can be a SAHM for a while.

What wonderful things to be grateful for!

Email us your address at frugalwifewealthylife@gmail.com and we'll get your book sent off to you! Congratulations!!

Nov 22, 2010

Should Your Teen Have a Job? (Carole)

Janssen's last post about buying your teenager a car, brought up the subject of teenagers working during their high school years.  My goodness there were some very strong opinions of this subject!  So, of course, I'm going to bring it up again and really get those strong feelings flowing.

As Janssen mentioned, high school jobs are mandatory at our house.  I remember spotting the "Help Wanted" sign in the local Cold Stone ice cream shop and telling Janssen about it when she was just turning 16.  A few days later, she girded up her loins and marched in to ask for a job application.  Despite the fact that she probably looked 13 years old, they hired her -- and eventually Merrick, Landen and just about every other friend they had!  She was the gateway employee for probably a dozen kids this Cold Stone store hired during the next 2 years.

The girls ended up holding a number of different jobs during their high school years including regular babysitting gigs, early morning paper route, ice skating sink guard and instructor, working in their dad's dental office doing some assisting/front desk/errands (endless errands)/computer /janitorial work, and who could forget  J's short, but painful stint at the Krispy Kreme donut shop?

My own lack of work experience during my high school years was what convinced me that a job was a good thing.    Like many of you, my parents told me that my schooling was my job  (even though both of my older siblings had held jobs as teens -- not sure why I was different).  Me, being somewhat lazy and a also bit fearful of new experiences, didn't complain.  I did live up to my end of this bargain and earned myself a full-ride scholarship to the university of my choice -- however,  I lost it after my first year.   I also didn't work while attending college.

Later, I felt these decisions put me at a huge disadvantage in a number of ways:

* It took me a very long time to build up any substantial savings in my personal account 
* I  had to depend on my parents for most of my spending money & living expenses
* I didn't have a clear sense of what money was worth for many years
* No experience with co-workers and a boss
* No job interview experience
* No work experience as a 20 year old
* No resume


I was determined that my children would have a different experience.  And they did.  I think they would all say that their work experiences during high school were as valuable to them as anything they learned in a classroom.  (They can feel free to comment on this.)  Each of them continued to be excellent students, learned some real life and financial lessons, entered college with thousands of dollars saved away, and had very impressive resumes.

Nov 19, 2010

Friday GIVEAWAY! (Merrick)

Since I usually associate months with the holiday that falls in that month, my mind has been on Thanksgiving the last few weeks. And because of Thanksgiving, my thoughts have mainly revolved around gratitude. It's a lovely thing to focus on, don't you think?

So in light of Thanksgiving, I thought it would be nice to share what I am grateful for from a financial standpoint (since that is the purpose of this blog).

Nearly a year ago, and four months before I gave birth to my little boy, I was laid off from my job. It was a tough time for all small businesses, so I completely understood that it was a necessary thing, but that didn't make the blow of losing 1/3 of our income any softer. However, little financial boosts began popping up here and there -- I sold some paintings, my neighbor started paying me to watch her baby, my husband was doing really well at work and his paychecks were bigger than ever, and the list could go on. So despite the cut in our income, our savings have continued to grow over this past year, and I am so grateful for that.

Today we're giving away a copy of Dave Ramsey's book, Financial Peace Revisited. It's a perfect book to have as we approach a new year -- what a better time to reevaluate your finances and get everything in order! To enter, tell us what you are grateful for financially, whether you celebrate Thanksgiving or not.

The giveaway will close next Wednesday, November 24th at midnight, and the winner will be announced the following Friday. Good luck!

Nov 17, 2010

Buying Your Child a Car (Janssen)

As far back as I can remember, my parents made it clear that they would not be buying me or any of my siblings a car when we got our licenses. If any of us wanted a car, we'd have to buy it ourselves.

In December of my senior year, the inconvenience of me not having a car (and having early morning seminary, school, daily play practice, and a part-time job) changed their minds. They bought me a car. It was a 10 year old car and it. . . .was not a great car. In a year, they probably put more money into it than they paid for it in the first place. (Needless to say, I loved this little car with all the ferocity a seventeen year old can muster).

Eventually, about a year after I went away to college and the car became Merrick's main transportation, they replaced it with a much nicer, new little red Hyundai and that car eventually went to my youngest sister who still drives it.

When I was driving my parents' cars, they paid for the gas and I paid a small portion of my insurance. When they bought me my own car, I was now solely responsible for the gas and paid a slightly larger portion of my insurance.

Although I could have afforded a car, I never ever ever considered buying one because doing so would have cost the vast majority of my savings and I was unwilling to do that. Better to drive the minivan.

Bart's parents also said they wouldn't buy their children cars. To the best of my knowledge, all but one of their children purchased their own cars while in high school (there is one amusing picture I've seen of four of the children lined up beside their four cars along the sidewalk in front of their home). Bart said he wasn't, for a moment, willing to not have his own car. He saw it as a complete necessity.

Of course, buying a car, insuring it (as a teenage boy), and paying for gas meant that practically every dime Bart made went directly to the car. He worked three jobs his freshman year in college. He paid a high price to have his own car, including having no savings.

Because this is an issue that was such a big deal to both of us in high school, we have talked at length about what we plan to do as far as cars go for our children (seeing as our daughter just turned sixteen weeks old on Friday, I think we have some time).

Our plan (which we reserve the right to alter) is to buy a car that our children can drive when they turn sixteen. It won't be a particularly nice car, but it'll be reliable and nice enough that we don't spend a fortune on upkeep. They'll pay for gas and part of their insurance. And when they go off to college, the car will stay with us and become the primary possession of the next child. They'll have some of the financial responsibility for a car, but not such a huge burden that it prevents them accumulating any savings or forcing them to work an enormous amount to shoulder the burden.

What about you? How did your parents handle a car? What do you plan to do with your children?