12 Inexpensive Hobbies And Pastimes

12 Inexpensive Hobbies And Pastimes  There a whole lot of things and stuff out there to entice you to spend money. And so when you find yourself with spare time and looking for something to do, there's a great chance you'll end up spending money.  In this case, idle time is your wallet's bane.  It's not a bad idea to have inexpensive, "default" activities to fall back on.
"Idle hands are the devil's workshop." Or so an old saying goes.

While the correlation between "evil" and idleness maybe debatable, it's not far-fetched that when we've got absolutely nothing to do, we might end up being up to no good.

And that's actually very relevant in personal finance.

There's a whole lot of stuff out there designed specifically to entice you to spend money. And so when you find yourself with spare time and looking for something to do, there's a great chance you'll end up spending money.

In this case, idle time is your wallet's bane.

It's not a bad idea to have inexpensive, "default" activities to fall back on:

Why Should A Child's Fist Birthday Party Be Grand?

Why Should A Child's Fist Birthday Party Be Grand?  It doesn't help that older generations have done it that way and that the grandparents are usually the number one spoilers. That usually translates to us spending as much as we possibly can.   We're essentially mixing importance with money.
Kids have birthday parties, that's just how it is. And it makes sense.

It makes more sense than say... me celebrating my birthday party. I've had lots of it already, so it's nothing new. Plus I'm footing the bill... so, you know: "It's ok. It's not a big deal. Let's just stay in." :D

What puzzles me is the grand 1st birthday celebration. I can understand the 7th, which is usually a little more modest (compared to the first, anyway). But the first birthday... It's especially bewildering to me.

8 Overspending Traps You May Not Be Aware Of

8 Overspending Traps You May Not Be Aware Of.  Sales, Free gifts or items, bundled products, Stickers announcing potential savings, Uniform price schemes, Buy now pay later schemes, lack of preparation.
For businesses to thrive, customers have to spend. However we, the customers, actually want to save.

And indeed there are a lot of ways to do so. However, businesses have been quite adept at making us think we are saving money, when we aren't.

How? Here are 8 ways:

The Progres Of My New Year's Plan for 2014

The Progres Of My New Year's Plan for 2014
For 2014, I need to do just three things: save money, plan for a taxi business, and actually start the business.

After again being hampered by procrastination, I've finally gotten of my butt and did some serious thinking about that taxi business.

And here's what I came up with. (file link after the break.)

It's not a business plan (though I have a draft of that too), and it only has a basic ROI (plus a little risk planning).  What it is though, is a basic projection of what the finances would look like.

And after going through it, here's what I concluded:

The Extreme Savings Tips

A collection of savings tips I bet you've never heard before!

6 Step Plan For How Parents Can Teach Their Children How To Properly Handle Credit Cards

How Parents Can Teach Their Children How To Properly Handle Credit Cards
When I say parents can give credit cards to students, I'm not focusing on students getting credit cards.

I'm focusing on parents taking charge of their children's financial well-being and future. Don't just give it to them, teach them what it is and how to use it properly.

Avoidance is an ineffective response to something that will not be avoided. Waiting, on it's own, will not guarantee a better outcome.

And if our children will eventually end up with credit cards (and they most likely will if the parents have one themselves), then it's much better to be proactive and teach them the right habits.

But how can we do that?

Just giving them a credit card and "winging it" would be fatal (financially speaking). That's no different than just waiting for them to get jobs and get one on their own.

Instead we have to be systematic about it.