A Financial Education Event
 

Summer Jobs For Kids

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Nifty Ways for Kids to Earn Money This Summer

The first job my sons Daniel and Philip ever had was a paper route. It gave them something to do during the summer, helped them start managing their finances and was even a little fun (at first). While we said they could only do it if they committed to it for a year, they occasionally passed duties on to their younger brothers, Jonathan (age 7 at the time) and Joshua (age 6).

While mama (age undisclosed) did the driving, the little boys did the delivering. On Joshua’s very first house, he grabbed the paper in his tight fist, barreled up the sidewalk, got his arm into an admirable wind-up and pitched the paper on top of the house! Rooftop-bound periodicals aside, allowing your kids to earn money can be a fun and prosperous adventure, as long as you’re willing to supervise them. Simply set boundaries that are appropriate and let them go to work.

Here are some great ideas to help your kids raise their own cash this summer while enjoying the benefits of earning, saving and sharing:

  • Rent-A-Kid – If you, a church or neighbor (someone you know) needs any odd jobs done, this is a great idea. When advertising the service, it’s important to plan early and be specific, polite and careful. You can even help your child make a small business card on the computer!
  • Washing cars and/or windows – This can be advertised similar to the Rent-A-Kid idea and only requires suds, soap and elbow grease. Focus on safe neighborhoods and quality work. Always accompany your child until you know the employer better.
  • Babysitting – A popular choice for young guys and girls, safety is key for this job. Encourage your child to take a babysitting/CPR course and babysitting people you know. Also, if they keep the house tidy and the kids happy, it can lead to repeat business.
  • Caring for pets – Since summer is a popular time for vacations, people are usually looking for affordable ways to care for their pets. For kids who like animals, this is perfect. Recommend they pass out flyers and visit the animal before they take the job.
  • Mowing lawns – For older kids, this is a go-to summer job and an excellent source of income. It can be dangerous, so it’s important to exercise caution and safety. Make sure they have the proper supply and safety gear and encourage a job well done (the best form of advertising).
  • Making and selling candy or drinks – Everyone loves candy, cool drinks and cookies/cakes, so this is a great option for the future chef. With permission, you can sell at sporting events, church bazaars, carnivals, festivals or farmer’s markets.

Before your kids take on a job this summer, be sure to think about safety, age-appropriate work, training, quality and following through. And after they’re finished, praise them for a job well done! Be sure they are working for family members or trusted friends and feel free to supervise their work by tagging along as long as they are young enough to need you!

What kind of summer job did you do as a kid?

Ellie Kay

America’s Family Financial Expert (R)

Wedding Budget: Step One

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Wedding Budget: Step One

“They say when you marry in June, you’re a bride all your life.” That’s a line from a song in one of our favorite musicals, “Seven Brides for Seven Brothers.” It’s also a good reminder that when you prepare for your wedding, you need to think about details beyond the big day. In the Kay family, we have two Kay weddings in a two month time period. Since we’re in wedding season, I’ll use the next couple weeks to cover a few wedding preparation topics. Today’s post is about the budget.

An old proverb says, “A wise man counts the cost before he builds a tower.” One of the main mistakes engaged couples make is not setting a wedding budget, or expecting parents to cover expenses beyond their ability to pay. So how do you figure out who’s paying for what? You have to ask the right questions so you can gather all your financial facts.

What are the financial expectations from the bride’s parents?

The biggest mistake you can make here is assuming the bride’s parents will be covering all the expenses. All parents have some form of financial limitation, so it’s important to talk to them about it ahead of time. Some may give a lump sum; some may pay for specific things like the dress and/or reception. It’s usually best to be direct, polite and flexible when gathering information from the parents who traditionally pay for the majority of the expenses.

What are the financial expectations from the groom’s parents?

Tradition says that the groom’s parents are only expected to pay for the rehearsal dinner, but sometimes they may be able to cover more (or all) of the wedding costs. Talking to them about their financial limitations will both help your budget and encourage them to contribute willingly.

Are there any others who can contribute financially?

Sometimes grandparents or other relatives will offer to pay for part of the honeymoon or something else as their wedding gift. While you probably shouldn’t approach them about contributing, it’s a good idea to keep a list of who has offered to pay for what.

What expenses will the bride and groom cover?

It’s not uncommon for the bride and groom to pay for the entire wedding, especially if they are getting married later in life. But if they aren’t, it’s important to think about things the bride and groom are expected to cover, like the honeymoon, marriage license, flowers and the ceremony officiant’s fee.

It may be hard to ask some of these questions, but it will be harder if you’ve already gotten the financial ball rolling or if you’ve waited until the last minute. Setting an appropriate budget will help you avoid going into debt, which is what I’ll talk about in my next wedding post.

Ellie Kay

America’s Family Financial Expert (R)

5 Ways to Stick to That Summer Budget!

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I love summer. It means a lot of fun things for the Kay Family. We have two weddings this year with one on Memorial day weekend and another in July! It means a lot of travel and budgeting to make sure we don’t go into debt!

Summer is a tough time for anyone to control spending, much less stay on a budget.  With the kids out of school and summer vacation around the corner, it’s a time when people fall victim to the thought, “I’ll go on vacation now and deal with the bills later.”

But there are ways to cut back on spending to stay on budget before summer hits. The three areas that require consumers to spend money on a regular basis, that do not go away with difficult economic times: groceries, gas and family essentials (such as clothing, birthday gifts, etc). You can plan for summer and still stay on budget for these “little” areas that add up to big expenses. Here are some questions I got when I went on ABC NEWS that you might find helpful.

Q. Ellie, we often think of the holidays as a difficult time to stay on a personal finance budget, but this time of the year is really is a difficult time to stay as well. There are end of the school year gifts to buy, vacations to plan and a summer clothes to get for the kids. We have to start somewhere, and you say the first step is to start with a plan?

ELLIE: Yes, it’s amazing how kids keep growing every year and the summer clothes they wore last season are two sizes too small this year. But having a plan is a good place to start and while the basic a plan is a budget,  now is the time to break down the household budget into a plan for the more manageable subsections. This time of year, stores and websites are cleverly designed to get you to spend more than you intended. So it’s important to know what you are going to get and spend before you go to the mall or online. This plan will take into consideration past spending behavior and any impulse buys that tend to kick in while you’re in spending mode. Write down what you are going to spend in the little areas and be specific. If your two preschoolers need clothing, then conduct an inventory of what each of them has—including any hand-me-downs and the vacation gear they may need for the entire season. If you’re planning a vacation and find that you will eat fewer meals at home because you’re going to be away, then don’t budget the same amount for the grocery store. Otherwise, you’re adding spending upon spending when you should be cutting in one area and adding in another.

Q. So we have a plan, the next step is to not fall for questionable “deals.” What do you mean by this?

ELLIE: This time of year, you’ll see sales on summer clothing, electronics and even summer foods—all the things that people are thinking about as the school year winds down and vacation time starts to gear up. But not all sales are created equal and you may see a lot of $90 digital cameras and $100 GPS sales but there can be a huge difference in the models. So before you pick up a steal of a deal, do a general price search on the specific model at Shopping.com or amazon.com before you get too excited. Plus, if you go into the store and they do not have it in stock, ask for a substitute that is an upgrade from the model that is on sale. You’ll be surprised at how much you can save by just asking. It’s also important to read the fine print in a sale advertisement. If there is a “limited quantity” or “no substitutions” then that could impact your spending plan. Finally, look at the whole world of “price comps” this is where a store offers to match the price of competitors in any sale advertisement that you bring into the store. While one store may not have that GPS in stock and may not offer rainchecks, another store might match the sale and have plenty in stock. We’ve taken advantage of this kind of offer quite a few times, so much so that price comping has become a habit in our family. This can also save quite a bit of money and help to keep you on track in the “little” areas that can tend to torpedo the budget.

Q. So we have a plan, we’re not falling for questionable “deals” and now you say that the next step is “don’t miss any discounts.” How can this help keep us on track and what if there aren’t any discounts—especially for things like gas and other essentials?

ELLIE: Just because a store or website doesn’t mention a discount on merchandise or shipping on its site or in the ads doesn’t mean its not offering any. There is often a number out there in cyberspace that can be retried into either the promotional code box online or even a coupon code into the register at the mall. To find out if what you are buying has an additional discount, go to RetailMeNot.com on your computer or smartphone and enter the store’s name. Or you can go to CouponCabin.comBradsDeals.com and you may find digital coupons that you can download from the store’s websites.
The same principle applies in the grocery store or when filling up your tank with gas. Go to couponmom.com to save in the grocery store and Go to gaspricewatch.com to find the best values on gas. Don’t forget to check and see if the gas station may offer an unadvertised free car wash, cup of coffee or soda. I just found out that I could have been a lot more caffeinated, for free, at my neighborhood gas station when the attendant asked me, “are you going to get your free cup of coffee?” Once again, if you just do your research you’ll find all kinds of freebies and these “little” things, when multiplied and combined will add up to big savings if you create this awareness level.

Q. The final step you recommend in order to stay on budget in the little things is to use cash or debit cards. There are pros and cons to using debit instead of credit, what are your thoughts on this?

ELLIE: Yes, there is a time to use a credit card instead of debit when it comes to charges that you may dispute on your credit card or when you want an extended warranty or the added protection that comes from using a credit card. However, for these little areas, we tend to track the spending better by using cash or debit and consumers are far less likely to go into debt because people simply spend less when they are using cash according to the Journal of Experimental Psychology, Applied. Store clerks have long found that it is easier to persuade people who are using credit cards to spend more than they were intending. And when it comes to shopping online, you dn’t necessarily need a credit card to have more protection than using your debit card online. One other option that won’t get you into debt is to research the layaway plan at your local retailer by going to eLayaway.com

Happy Summer!
Ellie Kay
America’s Family Financial Expert (R)
http://www.elliekay.com/

Financial Pre-Deployment Check List – Part 1

What are the most important financial details to take care of before a deployment?

As a long time wife of a fighter pilot, we lived through a lot of separations and I’m glad we had our financial house in order before he left. Today, we have a Marine who recently deployed and since he is single, there were aspects of this checklist that involve us as well. Whether you are married or single, it’s important to take care of business before you leave the states. This is part one of a three part series and it can make all the difference for family members back at home.

Here’s a checklist to help you get through.

  • Defense Enrollment Eligibility Reporting System (DEERS) Make sure that this info is up-to-date for all family members since this impacts everything from being able to get Tri-Care to keeping a current military ID.  If you do not live in the same household with all your dependants, be sure that you have all the current information (i.e. children who do not live with you or children in college).
  • Military IDs – Make sure they are up-to-date and won’t expire during deployment. This is, once again, true for all your dependants and sometimes the expiration dates are different on the cards than they are on your own military ID, so double check this so that your dependants can have access to everything from the commissary to discounted Disneyland tickets through MWR.
  • Passports –Make sure family members have current valid passports.  If a military member is severely wounded, then parents or spouses would need current passports to come and see them. If you are single, and your parents would be the ones to come see you, then contact them and make sure they have current passports.
  • Record of Emergency Data – If your family needs to be notified of a severe illness or injury, they will be contacted based on the information you have in your emergency data. Are you newly married and your name has changed? What about other changes to your information? We recently decided to go from having a house phone line to only having cell phones. The house phone line was the one in the emergency data information for our single,  Marine son, so we had to make sure that he updated that very important info. Check with your parents and children who are dependants but do not live with you and make sure you make note of any info that has changed.
  • Family Care Plan  – If you are dual military spouse, a single parent or have another family member dependent on you for care, you need to update your family care plan. Your family services center can help you walk through the updates necessary to make sure all your family members are taken care of if you are the sole source of their provision.
  •  Power of Attorney- The person designated in the power of attorney document should be the service member’s spouse, a parent or trusted friend, since it give that person the expressed written permission to act on the service member’s behalf. There are three different kinds of POAs.

A General power of attorney allows for the person to buy, sell, trade or sign for almost any legal act on their behalf. If you and your spouse are having marital issues that may lead to a separation, then it might be better to have the spouse on a specific/limited POA rather than a general POA.

A Specific/limited allows only specific powers for a specific period of time. For example, they can sign your tax documents to file taxes or sell a specific car. This kind of POA is good when you are single and having a parent or trusted friend handle your business affairs.

A Durable POA is the most comprehensive of the three kinds of powers of attorney.  It remains valid even if the servicemember is incapacitated. If you don’t specifically select this while drafting a general POA, then it will automatically end if they are incapacitated. Therefore, if you want a family member to have the POA even if you are incapacitated, this has to be indicated by securing a durable POA before deployment.

Set aside an hour a week before your deployment to start chipping away at this list and be sure to check back next time for part two of this series.

What is your favorite pre-deployment tip? 

Ellie Kay

Job Interviews for Millennials

Back in May, I wrote a blog called (Un)Common Interview Questions, which talked about those questions that potential employers ask to find unique answers from their interviewee. Now is the time to get back to job interview basics. This time of year, children are going back to school and many are looking for part-time jobs to add extra income on top of schoolwork. If your teenaged or college-aged child is going for an interview, it is always great to review the basics before you walk into your (hopefully) potential employers office.

There’s an old saying we need to teach our kids: You never get a second chance to make a first impression. It’s important to dress to fit the job. If you child is applying for a summer job as a bank teller, they need to wear nice business clothes. If they’re applying at Peter Piper’s Pizza, they don’t need to wear a suit. They will need to bring a resume that lists their past jobs or experience. They should include addresses, phone numbers and the supervisor’s names. They should also have a couple of references with all the information listed. Here are a few quick tips for your child to keep in mind when they interview.

¨     Be Prepared – Your teen needs to be able to answer all questions about themselves and their interests. The answers should be short and concise.

¨     Homework – If possible, research the business to learn as much about the prospective employer as possible.

¨     Timely – Be on time. If the car ran over your cat and you have to run to the vet, which makes you late, then call the interviewer who is waiting for you. Leave early enough to compensate for these possible delays.

¨     Listen – Teach your child to never interrupt and have them practice with you! Listen to the interviewer’s name and repeat it if possible. Now is not the time to tell jokes or give additional information other than the questions that are being asked. Making eye contact while you listen is important, and it shows they’re listening.

¨     Money – Your child needs to know that the employer should bring up the topic of salary or the hourly wage. Any interviewer with at least two interviews to their credit knows that money is an important topic and they will get to it eventually.

¨     Watch Your Ps and Qs – Kids need to know that little things matter—especially in a job interview. They should never use slang or make uncomplimentary comments about other people. The handshake should be initiated by the interviewer, and they should never accept refreshments unless the interviewer is taking refreshment as well. Tell them to sit up straight in the chair and never comb their hair, file their nails, play with their nose rings or study their tattoos during an interview. Impression is everything.

¨     Ask Questions – Teach your child to listen so carefully that they can ask intelligent questions. Practice some questions they may want to ask, but tell them not to overdo this. A couple of insightful questions helps to clarify the job while giving a generally favorable impression.

¨     Fond Farewells – When they leave the interview, they need to graciously thank the interviewer for their time. Your child could lose the job in the last few minutes of the interview if they let their guard down for a minute. Make eye contact as you say goodbye and keep a positive attitude—even if the job offer is not made on the spot.

¨     Follow-up – The job offer is usually made within one to two weeks after the interview if there are several people being considered for the job. Teach your child to wait for this length of time before they call to check on the progress of the hiring process. In the meantime, they can send a thank you note to the interviewer, which is a gracious gesture that doesn’t appear overly anxious.

¨     Persevere – Practice makes perfect and the more job interviews your child has, the better they will become as they gain experience.  Don’t let a “no” to a certain job opportunity discourage your child, but teach them that God could have an even better job waiting right around the corner. But they’ll never find it unless they persevere. If your child is waiting to find the right job, encourage him to create a profile on http://Linkedin.com/ to start building his resume. It also lists unique job and internship opportunities in your area. Another great website to search for jobs in your area (and to post your resume) is http://indeed.com/

Ellie Kay

America’s Family Financial Expert (R)

Real Tips to Teach Kids About Money

Real Tips to Teach Kids About Saving

Children, Banks, and saving money. Sometimes, those things are difficult to weld together. Here are a few practical tips to get your children saving wisely, and, more importantly, learning the principles of money.

Banking

  • From Piggy Banks to Real Banks – Let’s look at the practical part of saving money. A good place to start when you have elementary aged or preschoolers is to get a piggy bank. This visual aid will help to make their savings visible and real. Then you can help your child open their own bank savings account and help them make deposits each month. Around seven-years-old is a good age to open that account—that way, saving money in a piggy bank and transferring it to a real bank will be more memorable.
  • Children’s Banks – These banks are tailored for children; some even have steps in front of the teller windows where children can stand. If you live in a smaller community without a children’s bank, then get out your handy dandy yellow pages—or smart phone—and call your banks. Find a child-friendly bank by asking what programs they have for children’s savings plans and if they offer tours to families.
  • Your Bank – If, for convenience sake, you want your child to bank at your bank (instead of a special children’s bank), you’re not a mean, selfish ogre of a parent—you’re just wise with your time. Call your bank and tell them you want to bring your child in to open an account. Ask them if they can help make the child’s first visit special because you want to encourage your child to save their money and establish the trip to the bank as a fun and enjoyable exercise.
  • No Fee, That’s Me! – Some banks offer a no-fee, no minimum balance accounts for minors. If you bank charges a fee, ask if any special arrangements can be made for your minor child. Sometimes you have not because you ask not.
  • Pay Yourself – When it comes to saving money both adults and children need to just do it. By paying God first and yourself second, you can consider it a job well done. Saving twenty cents on every dollar is a way of paying yourself.
  • You’ve Got Mail! – Kids LOVE to receive mail in their name. Ask your bank if they will mail monthly statements to your home and include your child’s name (as well as your own). This is a great, regular reminder of the growth of their savings and interest.
  • Goals – Larry Burkett said in Financial Parenting, “When we teach our children to save to buy something instead of getting it on credit, we teach them two basic financial principles: responsibility and wisdom in stewardship.” Some kids will save money to buy a new bike or doll, while others will just save it for the savings sake. Either way, we need to teach the benefit of balance when it comes to saving. If you can never allow yourself to enjoy the fruits of your labor by hoarding every penny, then this leads to a spirit of stinginess. On the other hand, if your child spends his allowance before it can see the inside of a wallet, then he needs to learn the balance in their spending habits and the value of saving money.

        While savings goals are important, it’s also important to keep some money in savings that will not be spent, but will be a long-term investment. This teaches the true value of compounded interest and saving for the long run.

  • Get Some Money From That Wall – When we were driving by my husband’s favorite ATM haunt, our youngest started yelling, “Get some money, mama!” and pointed. Sometimes kids know that money doesn’t grow on trees, but they think it comes out of a wall. Teaching them the concept of the safe and wise use of an ATM is as simply as explaining where the money comes from, who pays it and why you should never get in the habit of getting money out without marking it toward your monthly budgeted expenses.
  • Online Savings Resources & Teaching Tools – There are some great resources online to reinforce the value of saving. At http://www.jumpstart.org/, there are resources and activities that seek to insure personal financial literacy in young people from grades K-12. This site lists resources that represent a wide range of formats including the four main areas of income, money management, saving and investing, and spending. This site will show them how to set up a budget, how the stock market works, the role of insurance and responsible credit card use. Some other similar sites are http://bankingkids.com/, http://firstkidbank.com/, and http://www.younginvestor.com/.

What are YOUR tips to teach kids about money?

Ellie Kay

America’s Family Financial Expert (R)

Benefits of an Allowance

Benefits of an Allowance

When our son Joshua was four years old, he began to learn that it is more blessed to give than to receive, and we were proud of our youngest child. About this time, he started bringing home snacks for Mama and Papa that he save from his kids group at church. He would bring us watermelon, animal crackers, and even butterscotch candy with the endearing explanation, “You can have dis cuz I dun’t like it much anyway!”

The next week, he came home very excited about sharing his special snack with his “wunnerful” mama and papa. We found ourselves caught up in the whirlwind of bedtime for five children, poor Joshua went to bed still jabbering about the cookies he’d brought home. I hadn’t had the chance to get them from him, so he gave them to Papa with the instructions, “You can made sum coffee and hab it affer we all git to bed!”

After the kids were tucked in and all the kisses had been equally dispensed, I asked Bob about Joshua’s treat. He gave me a wry grin, got up from the couch, and went to the kitchen. He came back with the “treat” wrapped very neatly in a tissue. “Here’s our special surprise—for us to share.”

He unwrapped the two black parts of an Oreo cookie—all that was left of the white filling were two little teeth marks.

Teaching our kids to share, give, save, and work are all part of preparing them for a healthy future when it comes to their financial lives. This is like the cookie part of an Oreo. This training not only helps in the long run, it can help us in the short run—with more money in our pockets! That is the filling! One way to best teach kids is by giving them an allowance and allow them to learn how to budget money, to shop smart, to not ask for stuff, and more stuff, then we spend less and save more!

  • Money Matters – The most obvious benefit of an allowance is that it gives the child an opportunity to learn to manage money.
  • Safe Haven – When kids learn to manage their money while they’re under our care, they have the freedom to fail in a relatively safe haven. This doesn’t mean that we bail them out, but it does mean that we’re here to help walk them through the steps that will lead the back to the road of financial stability.
  • Self Worth – An allowance can make a kid feel good about himself.  How do you feel when you’re at the beginning of a paycheck? Your child will learn to feel good over the fact that they have some money of their very own to manage. They’ll feel even better when they learn to give freely, save diligently and spend wisely.
  • Consistency – It’s important to pay a child their allowance on the same day of the week or month. This gives them something to look forward to and allows them to budget their needs and wants accordingly.
  • Budget – An allowance should be budgeted into your family’s budget, and your children need to know this. It shows them that teaching them about money, through the use of their own allowance, is so important that it ranks in the family budget. It also sends a message to kids about the importance of a budget, thereby priming the pump for the day you will help them develop a personal budget of their own.
  • Theirs Alone – The money they receive is something that is theirs; they own it and we help them learn to spend it wisely, according to biblical principles of good stewardship. If we give them their “own” money and then turn around and refuse to let them spend it as they see fit, then it’s just an exercise in futility. We have to create the climate where our children have the freedom to test their limitations, discover how money works and learn in the process. Some of these lessons will be hard, but they won’t learn them if we continue to make all the decisions for them.
  • Responsibility and Accountability – These are the main benefits of an allowance as this exercise gives the parents an opportunity to tie in these two elements so that our kids can learn both of these invaluable life skills.

What do you do that is unique in your kids’ allowance?

Ellie Kay

America’s Family Financial Expert (R)

Lean Body, Fat Wallet: The Health and Wealth Connection

I’m announcing, in this blog, my new upcoming release with friend Danna Demetre!

What would you do if you finally lost all that excess weight and had energy to burn?  How different would your life be if you were completely out of debt and in control of your finances? And what if you could do both at the same time with just few simple lifestyle changes?

Those were some of the questions we wanted to answer when I wrote this book with Danna Demetre. In the interest of full disclosure, there were other reasons I wanted to pen this work as well. One of them was because it was a good excuse to spend time in Danna’s lovely San Diego home doing the writing (and drinking beverages from Italy)! Plus my hubby likes her hubby, Lew (except when the West Point grad takes on the Air Force Academy grad and they engage in a death-match-war-of-the-words to see whose academy is superior.) It also meant that I only had to write ½ of a book instead of a whole book.  Don’t laugh, this is a very important reason I engaged in this project.  In fact, my literary agent, Steve Laube, says, “Ellie you are the kind of author who likes to have written books.”  So what’s your point, Steve?

Even though Danna and I are experts from two seemingly different fields – finance and fitness,  in our new book, Lean Body, Fat Wallet, we let readers in on a remarkable discovery – the habits that are good for your wallet are equally good for your body. The principles that help you stick to a budget are the same ones that help you eat better, lose weight and keep it off.

The simple and practical teaching in this “two for one” bargain of a book will help you put those principles and habits to work using an innovative approach to improving both your wealth and your health.  Lean Body, Fat Wallet, includes real life stories of failure and success readers will identify with and draw inspiration from. It also links common issues of health and money, such as balancing a budget along with a diet and how overspending relates to overeating.

Here’s just a sampling of what you’ll find in Lean Body, Fat Wallet:

  • Four essential habits for satisfying, sustainable change and how to make them part of your life
  • Ten “failure factors” that trip us up and how to steer clear of them
  • Proven strategies to overcome emotional eating and spending
  • A wealth of stress busters that don’t rely on food or money
  • A game plan for raising fit and frugal kids

We also offer a tool kit of charts to track your accomplishments and a recap menu that allows readers to easily navigate each chapter and pick out specific sections relevant to current needs.

Here’s a list of reasons people fail to develop that Lean Body, Fat Wallet we will give you ways to overcome these:

Top Ten Failure Factors

  1. Set unrealistic goals ­
  2. Motivated by the wrong motives
  3. Believed failure was inevitable
  4. Fulfilled the need for immediate gratification too often
  5. Influenced unduly by other people
  6. Practiced a “deprivation mentality”  – all or nothing/black or white
  7. Rationalized and made excuses rather than taking responsibility
  8. Displaced emotional issues through overspending and overeating
  9. Procrastinated rather than taking action
  10. Lacked the tools to make compounding incremental change

Through this book you, too, can discover a new way to approach your financial and physical challenges. Join Danna and I on this amazing journey and at the end of the road, you’ll develop your very own lean body and fat wallet!

Pre-order the book and we’ll send you a special surprise!

What would YOU rather have, a Lean Body or a Fat Wallet?

 

8 Free Apps to Save You Money

Earlier this week, we talked about how you can save money on your smart phone. But what about saving money with your smart phone? There are hundreds of apps out there that help simplify your life, but here are a few that are free, but will save you money.

  • The Coupon App—Coupons for stores and services around the country right on your phone. Not only are there real time apps, but you can find the cheapest gas prices at local stations, price comparison shopping tool with the barcode scanner, and you can share coupons through text and email.
  • The Coupon App—Coupons for stores and services around the country right on your phone. Not only are there real time apps, but you can find the cheapest gas prices at local stations, price comparison shopping tool with the barcode scanner, and you can share coupons through text and email.
  • RetailMeNot—This is one of my favorite websites, and you may have heard me refer to it before, but now they have an app! Save at your favorite stores with these coupons. One of the things I love about this app is that it alerts you of special coupons and deals in your favorite stores when you are out shopping at the mall.
  • Belly—This one-of-a-kind loyalty app allows you to get unique free rewards for the things you buy most. You simply scan your app at participating stores and let the points rack up. In the app store, look for a blue icon with a dog. Unfortunately, it is only available in select cities nation-wide, but it is spreading fast. To see if your city utilizes Belly, go to http://bellycard.com/locations/. If you don’t see it in your location, check out Spot On as well. It is another great rewards app to save you money.
  • Starbucks—I don’t know how much of a coffee drinker you are, but I know my family consumes gallons daily. Make sure you are getting your rewards! This app makes it simple to not only track your rewards, but pay with your phone as well. Even if you aren’t much of a Starbucks fan, the app also sends select song downloads to your phone weekly.
  • LivingSocial, Groupon, Google Offers—What is your favorite deal site? Chances are they have an app that goes along with it. You are able to find the deals, and often you can redeem them directly from your phone. Some of these apps even let you discover awesome deals close to wherever you are or alert you when there is a great deal right next to you. I will never forget the time I was able to get a massage and eat at a nice restaurant in the same day, both deals from an alert from one of these apps.
  • Eventsbite—This is a great app for finding awesome events happening near you all year long. This app helps you find upcoming events for the week or weekend, and recommends events happening near you. My daughter, Bethany and her friend, Darbi,(see photo) were able to get VIP tickets to a fun, fashion week event in Chicago using this app. They had a great time and won prizes. You never know what adventures could be in store for you!
  • Google Field Trip–Looking for something to do with the kids this summer? Google is offering free admission to some of the nation’s most popular zoos and museums through its Field Trip app. An offer spanning 23 locations, options include everything from President Lincoln’s Cottage in Washington D.C. to the Bronx Zoo in New York City. Admission just requires showing a free pass to the attraction, which will appear automatically in the “Nearby” tab when you’re at a participating zoo or museum.
  • RoadNinja—Road trips just got a little bit easier with RoadNinja in your pocket. Billboards become redundant when users can learn the locations of restaurants, gas stations and points of interest near every highway exit. View real-time gas prices and access RoadNinja special offers and coupons.

What are YOUR favorite apps to use to save money?

Ellie Kay

America’s Family Financial Expert (R) 

(Un)Common Interview Questions

 

With graduations upon us, it’s a natural time to start preparing for job interviews.  At 7.5%, the unemployment rate is at its lowest level since 2008, so opportunities are out there. In the Kay household, our kids were naturally prepared for grilling questions thanks to our habit of asking them about their day every evening at dinner.

“What was something good about your day?”

“What did you do at school?”

“What was the best part of your day?”

They were obviously more forthcoming some days than others, but the habit made it more natural for them to talk about their experiences. This easily translates to job interviews, where prospective employers ask both conventional and unconventional questions.

You have probably already heard about the most common questions, such as ones pertaining to your history, why you’re interested and your strengths and weaknesses. But every now and then, you’ll get a common question disguised as an uncommon one. Here are five of them:

1. “What was your best MacGyver moment?”

When an interviewer asks a question similar to this, they’re really looking for examples of your adaptability and resourcefulness. Have you ever had any unconventional homework assignments or projects where you didn’t have common resources? This is a good time to talk about them.

2. “How many employees does it take to screw in a light bulb?”

This is a unique way to see where you stand on being a team player and if you have problem-solving skills. Most careers have a fair amount of group projects, so interviewers want to see if you’re a lone wolf (“Just one. Me.”) or if you can work with others (“As many as it takes to do it efficiently.”)

3. “What is our receptionist’s name?”

This could also be a question about something or someone else in the building. The interviewer is looking to see if you’re observant, paying attention and have a good memory. Just be aware of your surroundings and you’ll be prepared for this question.

4. “If you were in the NBA, what position would you play?”

Believe it or not, you don’t have to follow sports to answer this question correctly. The interviewer simply wants to know if you’re a leader or team player and ready to contribute immediately. Focus on answers that show off your willingness to do anything for the team/company.

5. “If you could have dinner with anyone in history, who would it be?”

This is a good opportunity to talk about a variety of things, from your hobbies to who you value. It can be a current or past figure, but should be someone you truly admire. This is a great way for you to relate to the interviewer and ease any tension or awkwardness.

Again, these specific questions are rare, but if you’re prepared to talk about things like your resourcefulness, leadership abilities and interests, you’ll be ready to answer them. A good starting point would be to look at lists of the most common questions and rephrasing them in a unique way. It can be fun and a great way to prepare for your first job interview.

What are some of YOUR favorite interview questions? Be sure to send this blog to your favorite college grad who might be looking for that dream job (or any job).

Ellie Kay

America’s Family Financial Expert (R)

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