Amazon is offering a free Download of Let’s Get Real About Money by Eric Tyson. I have not read the book yet, but it looks like it has some good information in it.

Please note that the price is currently $0.00, but that could change at any time. Be sure to check the price before checking out to verify that it is still free.

This ebook is specifically for Kindles, but you can download a free application which enables you to read Kindle ebooks on your PC and some phones.
I don’t have a Kindle, but read many of these books either on my laptop or phone.

Posted in Books
Nancy Kvamme

The YWCA Cass Clay and Thrivent Financial for Lutherans are hosting a financial literacy event on October 13. Sheri Cooper, Regional Managing Partner for Thrivent Financial for Lutherans will present “Empowering your Financial Future: Someday is Today!”

The event will be at the YWCA Emergency Shelter at 3000 South University Drive, Fargo with the social at 5:30 and Presentation at 6:00. I attended one of these events a few months ago and it was about 1 1/2 hour presentation. There is no fee for the event but seating is limited. To RSVP contact Darren Buttke at (701) 232-2547 or dbuttke@ywcacassclay.org by October 10.

This is an educational offering and no products will be sold. As they said at the last event I attended, many times when we think of the YWCA we think of residents of the shelter, but their mission is to empower all women.

The Moorhead Community Ed classes start Fall Session on August 26. There is a wide variety of classes from Business, Career & Money, Cooking, Health & Wellness, Home and Garden and many more. You can search for classes and register online or call the office at (218)284-3400. You can also call to request a catalog or it is also available at some area libraries.

Last year the husband of a friend of mine called husbands of some of her friends and they all got them a cooking class as part of their Christmas gifts. They were thrilled to take the class.

I am teaching a class with tips and ideas to teach kids about money. Below is the description of the class which will be held Tues, Oct 4 from 6:30 to 8:00 pm.

Teaching children to save money is very important and showing them how to spend it wisely is equally important. Learn tips on teaching your children about money, the differences between wants versus needs and setting up a budget. The world is your financial classroom. This information will help you talk to your children from preschoolers through high school.

Money Matters:Make it Count is a program to promote money management skills for teens from ages 13-18. It is funded by Charles Schwab Foundation and Boys & Girls Clubs of America’s. The program consists of interactive activities and exercises on topics such as using a checking account, saving for college and learning the basics of investing and managing debt.

The five key areas that are covered are budgeting, saving and investing, planning for college, credit/debt and entrepreneurship.

Nancy Kvamme

With the school year starting, this may be a good resource to check out.

You can download a free copy of The Everything Guide to Study Skills.
Please note that the price is currently $0.00, but that could change at any time. Be sure to check the price before checking out to verify that it is still free.

This ebook is specifically for Kindles, but you can download a free application which enables you to read Kindle ebooks on your PC.

Posted in Books
Nancy Kvamme

With the prices of many things going up, one way to save is to use what you already have. Before you go to the grocery store again, take a look in your cupboards, freezer and pantry and see if there are meals you could make with items you already have. Many of us continue buying groceries when we have all kinds of items already in our cupboards.

There are some blogs that have ideas for cooking from your pantry. Jessica from Life As Mom usually does a month long pantry challenge at the beginning of the year and this year also did one in July. She plans meals from items she already has and only buys milk, produce and items she may need to use up something else she already has.

Another idea is using substitutions with items you already have. The other day I had a tomato to finish up and had bacon in the freezer. I thought of BLT but I didn’t have lettuce. So instead I used thinly sliced cucumbers and had a BCT instead. When I bought the bacon, I fried up the whole package and put in a freezer bag and froze. Then when I want to use it I either warm in the microwave or in a small pan on the stove. Easier to use than having to cook each time I want to use it.

This year I have been getting vegetables through a CSA from Bluebird Gardens. From the vegetables I receive each week and the items I had on hand, I haven’t had to spend very much on groceries this summer.

So before you head to the store again, take a look in your cupboards.

Nancy Kvamme

Is your financial life like a game of JENGA? Remember the game JENGA, where you had a tower of blocks and had to remove some from the bottom and middle without the whole thing crashing. I have been thinking that could be related to our financial lives.

If you think of your income as the tower and your expenses as the blocks you need to remove. If you remove too many blocks or the wrong ones, the whold tower can come crashing down.

If you do have the game, one idea is to write different expenses on some of the blocks (mortgage, rent, groceries, dining out, clothes, etc) and show your kids what happens when you remove too many of the blocks.

The monthly expenses individually may not seem like a big deal, but if you get too many of those expenses they can add up and cause problems. So it is important to consider what the purchase will really cost you over time, not only the monthly cost. And if you charge the item to your credit card and are not able to pay it off at the end of the month it will end up costing you more in the long run.

Some people think they are doing okay since they are able to pay the minimum amounts due on their credit cards, but in many cases that barely covers the interest amount and it will take you years to pay off the principal amount.

Nancy Kvamme

Recently I saw a post online about 50 money habits everyone should have. Of the 50 habits, I have listed 10 of them below.

1. Opening your bills when you get them.
2. Spending less than you earn every month.
3. Keeping a budget.
4. Paying your bills on time to avoid spending money on late fees.
5. Saving part of your income for retirement.
6. Regularly checking your credit report for errors or signs of fraud and identity theft.
7. Review credit card statements for errors and erroneous charges.
8. Increasing your 401k contributions when you get a raise.
9. Using your credit card to buy things only if you can pay if off in full at the end of the month.
10. Maintaining an emergency fund.

Nancy Kvamme

Just by taking a little extra time throughout your day, you can make many of your daily experiences into learning moments for your kids. Some examples are:

– At the bank, explain what you are doing when you make a deposit or withdraw/transfer money.

– When dining out, explain tipping. In the book, “Money Doesn’t Grow on Trees” by Neale S. Godfrey there is a story about a friend of hers that took his young sons across the country to visit their grandparents. When they were almost home, he asked one of the boys why he was always lagging behind when they stopped to eat. The boy told him that he had been picking up the money he had forgotten on the table. To a young child that had not been told about tipping it would look like his father had been forgetting his money.

– Also when dining with older children, you can have them figure the amount of the tip. This will also let them realize what it costs to take a family out to eat.

– At the grocery store you can give the child a list of items to look for. You can also have them compare prices versus brand and sizes.

– When checking out, explain that you need money in your checking account when writing a check or using a debit card. If using a credit card, explain that if you do not pay off the balance at the end of the month, you will need to pay interest charges on the amount still owed.

Posted in Saving
Nancy Kvamme