Comments on: Training Your Kids to think Frugally

By: Tania @ Larger Family Life

Tania @ Larger Family Life — Fri, 02 Oct 2009 05:50:48 +0000

I think being honest about your own mistakes, and letting them watch the struggles of dealing with them is a good way of teaching them that debt simply doesn’t pay.

By: Joshua Charles

Joshua Charles — Wed, 24 Sep 2008 19:15:54 +0000

Growing up I found not much incentive to save. The rate at the local bank was barely 1%. It was always annoying seeing on my statements that by keeping my money in my savings account I would reap a whopping $0.23! Sheesh. Not much incentive. But today many banks are able to offer High Yield Savings Accounts online due to the low overhead involved. ShoreBank, who I represent, has one with 3.5% APY. Seeing that compounding definitely adds a bit more satisfaction. Check them out at http://www.sbk.com. Here, a penny saved is a penny earned — plus interest!

By: Kristi

Kristi — Mon, 25 Aug 2008 22:38:01 +0000

Did you have to train your DH as well as the kids? I had to train mine by giving him his own savings account! It has been a long and slow process, but he has gotten better.

By: Amy

Amy — Mon, 25 Aug 2008 17:43:16 +0000

Well, if Tristan can do it, I guess I can, too.

He inspired me at the store today.

I was planning to buy Oreos to crush and use as dirt in a recipe. Instead I grabbed the store brand. Seeing as they will be crushed and mixed with all sorts of other yummy stuff, paying the extra $$ would really be wasteful here. Thanks, Tristan!!

By: Somebody's Mimi

Somebody's Mimi — Sun, 24 Aug 2008 13:49:08 +0000

I’m going to out out and buy different brands of Oreos and have a blind taste test with my neighbors…and me! Then we will have an unbiased opinion once and for all.

By: Todd

Todd — Sat, 23 Aug 2008 02:45:56 +0000

Sorry.. Gotta disagree. Not on being frugal, but about the generic Oreos. I have not tasted a store brand that tastes as good as the real thing. Most cereals? Yes. Oreos? Nope.

By: Amy

Amy — Fri, 22 Aug 2008 19:17:11 +0000

Love the “oreo” story. I have an ice cream dessert recipe called Buster Bar Dessert (named after the Dairy Queen treat) that is to die for. It uses oreos… I use the generics… no one ever notices!

Teaching your children frugal ways early on will definitely pay off as they become more independent.

By: Sherry

Sherry — Fri, 22 Aug 2008 14:58:27 +0000

We have been doing a lot of teaching frugality lately to our kids as we are buckling down. They have balked with some things, but others they have taken in stride. I’ve even gotten my husband shopping at thrift stores. He told me the DAV Thrift Store was a gold mine after what we found the last time we went. LOL!

By: Somebody's Mimi

Somebody's Mimi — Fri, 22 Aug 2008 12:05:51 +0000

And then they go to Grandma’s!!! No only kidding. I have taken my grandchildren shopping at thrift stores and garage sales. I am probably more of a thrifty shopper now than when my children were at home… they absolutley refused to eat store brand “Fruitloops”. I think they have learned now WHY I wanted to buy store brand. Sounds like you have taught your children well.

By: Amy

Amy — Fri, 22 Aug 2008 11:39:48 +0000

My sons used to think we could absolutely not buy cereal unless I had a coupon for it. I, too, buy quite a bit of generic items. Now that I’m living alone, I expect my grocery bill to be VERY inexpensive!