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Posts tagged ‘finances’

Teens and a Budget: Is There Such a Thing?

Not only are young children expensive, but holy crap those teens can cost you too! I never realized how expensive I was back in the day, but now that I am aware I found this for you parents out there. Keep that wallet lined, my friends and thank Tamara Wilson from Mommyland.

If you have teenagers, then you know how expensive they are. The old saying that small children need small things and big children need bigger things certainly is true. But, can you successfully set a budget with your teenagers? Of course, you can. It may not be easy, at first, but it is certainly doable. There are a few tips and tricks to setting and keeping a budget when you have teenagers.

It’s All about Communication

If you are determined to set a budget and stick with it, be sure to include your teens in the conversation. Implementing a budget and not letting them in on it, is like pulling the proverbial rug out from underneath them. You cannot expect good results if everyone is not on the same page.

Start out by letting your teens know that you are implementing a budget. Sit down with them and your spreadsheets if necessary and show them what the bills of the house look like. If you do not feel comfortable showing them what the monetary intake of the household is, that is just fine.

Be certain to let them know how much money you need to make up at the end of the month and what your thoughts are as to what needs to be cut. Sit down and have a round-table discussion, letting everyone know you will have a meeting to discuss the budget.

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Highlights From Finance Minister Flaherty’s 2014 Federal Budget

 Hey everyone! Courtesy of the Canadian Press here are some highlights from Canada’s 2014 budget announcement by Jim Flaherty! I bolded some areas of interest at the civilian level!
Not listed: Commitment to 5mbps internet speeds across Canada. Good news for all you members of rural Canada and people with lower end internet packages!

Some highlights from Finance Minister Jim Flaherty’s 2014 federal budget

OTTAWA – Some highlights of the federal budget delivered Tuesday by Finance Minister Jim Flaherty:

— The budget is close to balance, with a $2.9-billion deficit and a $3-billion contingency fund.

— Flaherty forecasts revenues of $276.3 billion and expenditures of $279.2 billion.

— The government makes clear it will balance the budget next year by cutting program spending and reining in public service compensation costs.

— The budget proposes to make retired federal public servants pay half the costs of their health-care plan, up from a quarter now. This would raise annual payments for a retired individual to $550 from $261. (more…)

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