Aug 14: Best of savewithspp.com summer blogs

SHUTTERSTOCK

This second installment of the best of savewithspp.com focuses on some of my favourite summer blogs.

By late August, the “getting out of school for the summer” euphoria has worn off and both kids and their parents are looking for inexpensive things to do.  Summer activities for kids on a budget has lots of great ideas from a community parks tour to an all day pajama party to backyard camping.

Staying on budget can be a challenge at any time of year. But when souvenirs and snacks beckon on vacation or the hotel you booked ends up being much more than you expected, your bottom line may suffer an unexpected hit.

A 2016 study from BMO  reports that as temperatures soar so does our spending, and while many don’t feel guilty about enjoying the season, half (52%) admit that their summer habits have negative long-term effects on their savings.

Back to school shopping: A teachable moment was posted in 2013. It highlights that getting ready for the new school term is an ideal time for you to help your child learn the difference between “needs” and “wants.” It is also an opportunity to teach them basic financial literacy skills like budgeting and managing their money.

In September of the same year we featured Your kid’s allowance: Financial Literacy 101.  According to The Financial Consumer Agency of Canada, exactly what you need to teach kids about money depends on the ages of the children. We include their suggestions on what financial lessons are appropriate for different age groups.

And finally, How Not To Move Back In With Your Parents reviews Rob Carrick’s book written in 2014. But the message still holds true. I said it then and I’ll say it again now. Every new parent should get a copy when they leave the hospital with their precious bundle of joy and beginning at a young age children should be taught the basic principles of financial literacy outlined in the book.


Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Written by Sheryl Smolkin
Sheryl Smolkin LLB., LLM is a retired pension lawyer and President of Sheryl Smolkin & Associates Ltd. For over a decade, she has enjoyed a successful encore career as a freelance writer specializing in retirement, employee benefits and workplace issues. Sheryl and her husband Joel are empty-nesters, residing in Toronto with their cockapoo Rufus.

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