Is cooking your thing? Many, including me, don't relish it. If it can be catered, or arranged to "eat out", then I'm good with it.
One of my friends is the opposite. Ask anyone that knows her, really. If she can create a concoction in the kitchen, 50 dirty pots and all, she is good with it.
I drive her crazy.
BUT, what do we both have in common? More importantly, what might you have in common? We are both frugal. Some would describe us as CHEAP. How about you? I taught my kids long ago that whenever and however you can design a system or habit to save money, you are ahead.
Parents ask us all the time for practical ways to teach the rewards of savings. This is about as practical as it gets. If fact, if you want even more practical teaching ideas, you can find them here: (free) 8 - Step Parent Teaching Guide
You can chalk this whole exercise into the phrase money management, or even into the word “budget”, though again, if you know me, you won’t use the word budget around me! The word budget is negative and seems to limit your money control. However you choose to this, you will find the next minutes reading this article entirely worth it. It’s practical, teachable, and scaleable.
Whether you are the committed cook, or the buy-out “foodie”, you spend $ at the grocery store on some level. It's an opportunity for saving money and creating a lifetime habit of racking up those savings to buy something more significant later.
Think of something you are saving for. For your young adult, it might be designer jeans or concert tickets. For you it might be a philanthropy to donate to, the family vacation, college funding, or yes, even a designer pair of jeans of your own.
You’ve now got a 4+ week pattern on these items.
Pricing cycles to watch for:
5 frequent purchase items + 4 weeks of trend research = $ savings x 52 weeks
If you as a parent are paying for the items, but wanting to show your kids how much purchasing power they have by using this formula, then make it a win-win for you both. Split the savings. You agree to keep 50% for your household management, and your child gets 50% for their prized “widget.” This works for any age. In fact, to make this even better for your mini-you, get a jar and glue a picture of the item they are saving for on it. Every week the savings are realized, convert their 50% into cash that you both drop in the jar.
Have a great week, and BON APPETIT
You CAN Have Success in the Middle of it ALL!
JellyGeneration
Author of (free) 8 - Step Parent Teaching Guide for parents of nearly grown adults.
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