Fun, Frugal Valentine’s Day Ideas for the Whole Family

While retailers would like you to think that Valentine’s Day is all about diamond necklaces and rings as well as chocolates and meals out, it doesn’t have to be that way.

Valentine’s Day, at its most basic, offers us a chance to show those we love how much we care about them.

Sure, saying we care with a diamond necklace is nice, but that isn’t always practical.  There is no need to break the bank to show our love on Valentine’s Day.

Instead, consider some of these humble methods, which can be effective for both your spouse and children.

Frugal Valentine’s Day Ideas

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Financial Considerations When Deciding How Many Kids to Have

When I was growing up, my mom, who was the second to the youngest in a family of nine children, was fond of two sayings when it came to the topic of having children. 

The first saying was, “All kids really need is love.”  The second saying was, “God will provide.”

When you are young, your parents influence your thoughts, and what you hear and learn from them becomes your normal.

I did truly believe that all kids really need is love.  Now, my husband and I have three kids of our own, and while we love them plenty, that isn’t enough.  Unless you have a high paying corporate or professional job, more often the decision as to how many kids to have depends on what kind of financial situation you are willing to have.

Living Expenses Grow As The Kids Grow

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Should You Buy Life Insurance for Your Child?

The very idea of buying life insurance for a child makes some people cringe.

Children, by their very nature, are energetic and full of life.

They are the face of the future.

It is impossible to imagine them not growing to adulthood, but unfortunately, sometimes children do die before reaching adulthood.

Should you buy life insurance for your child?

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Is a Child’s Gift Registry a Good Idea?

When I was young, one of my favorite things to do in November was to go through the thick Sears and JCPenney catalogs (for those of you as old as me, you remember getting catalogs sent to your house every year) and creating a wish list of all the items I wanted to get for Christmas.

I gave this practice up a long time ago, but my cousin who is now 30 still types out a detailed wish list for her parents every year.

The modern wish list can now be found in the form of Toys ‘R Us’ new Wish List which is touted as “the ultimate toy registry—Perfect for Holidays and Birthdays.”

I admit I was originally appalled by the idea of a gift registry for children.
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Opening a Roth IRA for a Child – Help Your Child Get Ahead in Retirement

It is a little known fact that children who earn an income can open a Roth IRA.

Parents who have this knowledge can help their children learn about the power of compound interest and its near magical effect on retirement savings.

What Are the Requirements for Opening a Roth IRA for a Child?

A child can open a Roth IRA if they have verifiable income.  Their income can be verified through W-2 records, or if they were a freelancer, so to speak, mowing lawns or babysitting, they must claim their income on a tax return.

In addition, some brokers also request that a legal guardian be on the Roth IRA with the child until the child is of age.  However, not all brokers require this.

How Much Can Your Child Contribute

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How to Save on Groceries When You Have a Food Intolerance

If you or a loved one has a food allergy or intolerance, you may be frustrated by your escalating grocery bill. 

In my own family, both my daughter and I have a dairy intolerance, and I just recently I found out I also have a soy intolerance.  When we first discovered our dairy intolerance nine months ago, we struggled with trying to keep our grocery bill low.

Now that it has been nearly a year, we have discovered some strategies to rein in our grocery expenditures.

Don’t buy substitutions.

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