Young Entrepreneurs

Young entrepreneurs is a non- profit organization that children and teens can participate in to help pursue their entrepreneurial, leadership, and business ideas.

Your child does not have to have a business plan or even know what their entire plans for the future are. The idea is to turn their vision and craft into an opportunity to make connections with people and make money as a result of something they thought of.

Here is how our experience went with Young Entrepreneurs:

We were visiting a farmers market one Saturday and came across a booth filled with two separate groups of children and teens. One group were two male teens who baked and sold delicious cookies. Another were two girls selling small homemade pillows and hair bandanas.

My girls were immediately drawn to them and seeing them sparked their naturally born curiosity and talents. They immediately asked when they could do the same. We got the name of the website called Young Entrepreneurs, filled out the form and signed up. The process was easy! Our girls immediately spent the next few weeks preparing their product and creating business cards.

When the big day came my girls woke early to make sure they were at their booth at the farmers market at 830am. They displayed their product and stood proudly for 3 hours greeting the locals, taking payments and handing out business cards. They have already signed up for another booth and feel so proud creating something and making their own money. My husband and I were so proud of our girls. The values they are learning from this experience and the children they might have inspired today  is priceless!

Spread the love to your young entrepreneur in your family! If you are interested in signing up or learning more please visit the Young Entrepreneurs website here.

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Teach your children to Give, Save and Spend

There are 3 simple, yet important foundations that we can teach our children at a very young age about money. Regardless of how money comes and goes in our lives it can always be allocated into 3 main categories: give, save, and spend. When you think about those three categories you realize that you are either fully aware money is transacting like this at all times, or you soon realize how frivolous you are being with your own thoughts on money.

It is important to acknowledge your money and give it value. And the best time to start teaching this philosophy is as soon as possible!

Let me give you an honest example. In my latter parenting years, I have become one of those parents who believe in compensating my children for chores and other household projects. I didn’t always believe in this teaching, however. When I was a single mom raising my youngest child who is now 16, I pretty much catered to her every need. I served her decorative breakfast, lunch and dinner plates then collected the mess when she was done. I would yell, “Clean your room!,” only to come in 10 minutes later and find her watching TV. I would then retreat to cleaning the entire room. I picked out her clothes, helped her get dressed (yeah I know, insane!). How I came to do this without blinking was easy. I loved my daughter, I didn’t mind doing it, and I simply thought by doing these things that I was showing her how much I was a caring mother.

Little did I realize –  what I was doing was setting her up for laziness, entitlement and lack of responsibility. But how would she ever learn to not only take care of herself, but also humble herself to helping others? As a parent, it can be hard to go from taking care of your child’s every need to wanting them take on more responsibilities. The later you start your child down the road of having less responsibility around the house, the harder it becomes for both of you to correct the behavior later. Thinking back, I don’t beat myself up about it. When you start knowing better, you start doing better. I promised myself with my next two children that I was not heading down that long road again.

ANAKA DISHES

As soon as my youngest turned 5 and my middle child turned 7, my husband and I were introduced to an audio book teaching that inspired us so much that we wanted all of our children to learn this simple lesson of being responsible with their money. It’s called Smart Money Smart Kids by Dave Ramsey. This audiobook has not only changed my life and how my children perceive chores and saving money, but their maturity has grown by leaps and bounds. Who thought that yelling “go clean your room” would be met with fast runs upstairs to see who can get there first?!

LILLIE MONEY

Before I get into greater detail on what we do in our household, here is some background on Dave Ramsey’s course. Dave Ramsey is a dad best known for starting a course for adults called Financial Peace University. It is an awesome course for any income level or educational background. Just be ready to live like no one else, so you can live like no one else when stepping into it! Along with allocating your income and giving every dollar a name, Dave was soon inspired to create the same idea for his growing children. Here is his take on “commissioning your children:’ We never gave our children an allowance because I don’t like the word. We gave our kids a commission. Commission is, “Work, get paid. Don’t work, don’t get paid.” It’s kind of like the real world. Allowance sounds like welfare to me. I just don’t like the word. Words are powerful. You have to be careful with them. We called ours commissions, and if you didn’t do your work, by the way, you didn’t get paid. That’s how this works.

After listening to the audiobook Smart Money Smart Kids, my husband and I anxiously got started. To make it fun we had the girls decorate envelopes and later as the envelopes got full, switched the money into jars and so forth. As we had the girls label each envelope and jar with give, save, and spend they understood that for every dollar earned, it would go into one of the allocated areas. They further understood what they would be compensated for each chore and that some jobs would be worth a dollar (i.e. washing dishes), some would be worth a quarter (i.e. feeding the pets), and that some chores did not warrant any money (i.e. putting your dish in the sink).

You will have fun creatively coming up with your own pay scale and chore list as a family. Don’t forget – it is necessary to clearly lay out all house rules because children will try to get over on you. Here are some of our amazing results so far:

SAVE

We are into about 3 months dedication with implementing Smart Money Smart Kids.  Our daughters age 5 and 7 have saved enough money to purchase their first big splurge – an Android tablet. And yes, they diligently have earned every hardworking penny.

 

GIVE

My daughter’s recently gave a small donation to a special cause of their choosing.

 

SPEND

Spending has taken on such fun experience for the girls. We go to either the dollar tree or five below and mommy and daddy no longer reach in their pocket. Toys and little trinkets no longer are just carelessly thrown or lost right away. The kids seem to be proud and take more pride in their purchases.

 

WORK

This process can continue to repeat itself throughout childhood, teenage years and into adulthood. As the children get older, it’s a great opportunity to introduce investments and making their own money to give, save and spend with.

In case you are wondering about my 16 year old, well of course it’s not easy to get her to comply  as the young ones have. However, we are taking her passion for art and making it into her own business. From that she is able to give, spend, and save. And, yes she does try to keep up with her room and other household chores, lol. Good luck all!!

Dave Ramsey has a plethora of  courses or audiobooks to choose from. You can find out more information here

ANAKA MONEY

 

 

NYC with Kids

Kids. From the moment they come into our lives they bring new situations and adventures.

I can honestly say that I have delightfully experienced many things and met many new people in my life thanks to my girls.

This past weekend’s trip to New York City was no different.

My oldest daughter, who is 15, was invited to play string bass at the world famous Lincoln Center in NYC with her schools Chamber Orchestra.

What an honor and what an opportunity for all of us to finally take a bite out of the Big Apple…..with KIDS!

As a mom, the thought of traveling to NYC with little ones (4 and 7) makes me a little uneasy. We have only traveled through Manhattan by car a few times a year to drop off my step-children who live in Queens. I was overwhelmed just watching the hustle and bustle from the car.

I would stare out the window thankful that my kids were safely strapped into their car seats – peering their eyes above the brim of the window. And my husband taking on the honking and numerous fender benders that we nearly missed inch by inch as we made our way through the city.

However, we survived New York City! Not only did my daughter’s school place in the competition, but we all grew from the experience.

Here are some cool pics and tricks to help you out if you are considering heading out to the city that truly never sleeps.

We stayed at the Holiday Inn in Newark, New Jersey to save money before heading into the big city for the weekend. You can save big and it’s only a 20 minute drive away. Great cocktails, ambiance, and kids eat free!

The food trucks making their way through traffic in true New York fashion.

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We choose The Watson Hotel on 57th St. so we wouldn’t have to walk too far with the little ones. It was about an 8 minute walk to our event at Lincoln Center. It had some of the least expensive parking at $37 a day, and the rooms were clean and decent. The prices for rooms were fairly inexpensive as compared to other hotels in the city.

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The premise of our trip! My daughter playing string bass (far left standing) at Lincoln Center. Her schools Chamber Orchestra placed second runner up (third in the nation) and received the honorable Forte Award for most distinguished group. Good news parents: there is an upscale snack bar in the lobby that serves sandwiches, chips, fruits, and cocktails. Perfect breather that your kids will definitely need in between performances.

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We made reservations at The Colesium Bar and Grill. We choose this restaurant based on location (an 8 minute walk from Lincoln Center), a diverse menu that both adults and children could find something they would like, and they were okay with kids eating there. The prices were a little high for bar priced food, but the food was very good.

Next, we headed underground in a glass elevator which was located in the middle of a sidewalk. The elevator took us to an underground mall and food eatery called TurnStyle. The kids went to the well know Dillon’s Candy Store full of a candy emporium!

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We were anxious to hit up Times Square, but getting there was a 20 minute walk. Not good for the little one’s unless you have a stroller. It was also freezing so Uber and Lyft was a MUST! The cost was inexpensive $8 to $12 for a 7 seater vehicle to fit my entire family. We waited less than 10 minutes going and coming back.

Stepping out into Times Square was like stepping into a fish bowl. Wall to wall people. Hang on to your kids and enjoy the lights, sights and people watching.

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The Statue of Liberty and other characters were dressed to take photos with eager tourists, but BE AWARE! They want your money. $20 to be exact for snapping a photo with you.

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Hold on tight to your children! My daughter and I got caught in the middle of another NY traffic jam!

 

Inside the NYC subway near Times Square.

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I had no idea that it was similar to an airport. There were places to eat, small shops and loads of people hanging out. There was live music to watch and people dancing. You buy your tickets ($2 to $4 range) and wait to hear what gate you need to to be at to jump on the train.

If you enjoy a nice beer/cider you are in luck! They have beer/cider on tap in the subway. A small to large costs $6 to $8. You get a cup to go and are free to walk around with it.

I felt more comfortable than I thought I would be waiting at the Subway Station with kids in tow.

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Call it cliche but we wanted to experience all the “New York” like things. On a short walk from our hotel we found Morningstar Restaurant for breakfast. They served lunch and dinner . A cute typical neighborhood New York diner. The food was great, the staff was super nice, fast and accomadating.

A Yummy New York bagel sandwich with turkey bacon, scrambled egg and cheese. This won my kids heart. I enjoyed a coffee with many selections of Brandy to go inside! Morningstar Restaurant.

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Key points to consider when traveling with kids:

1) Google the address and area of your stomping grounds. I always investigate the area with Google Earth when planning where we will stay and where we will go. It helps to familiarize yourself with the area. Many things look better on a website than they do in person.

2) Map the distance between certain attractions you plan to visit. Everything can seem appealing to visit, but may be further away from where you thought. Mapping out the distance between each location will save you so much frustration!

3) Visit the websites of each city, attraction and hotel. Websites are a wealth of information. You can find reviews from recent visitors and events that are going on during your visit. That gives you a step up on visiting as a well informed tourist.

Enjoy your Family Time!

 

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Travel Tips for the SMART consumer

Traveling with family any time of year will cost you a pretty penny. Planning ahead and selecting alternatives to your travels can save your household hundreds, and in some cases even thousands of dollars. The larger your family gets the more important this “strategy” becomes. Here are some of my favorite traveling tips that has proven to be a great benefit to saving money.

 

EXPEDIA TIPS

Expedia has become my first choice in selecting pricing for hotels, flights and car rental for several reasons:

PROS: Expedia allows the customer to choose from a wide variety of hotels and car rentals across the United States without paying any costs upfront. Book your car or hotel in advance and select pay at hotel at the very end of your purchase. This is a great help for families who may not have access to credit cards or enough money to pay for hotel fees up front. It allows the planner to proceed with checking off their travel “to-do-list.”

CONS: You will have to place a credit or debit card on file, but you can cancel your booking up to one week in advance at most locations. Some of the “high end” hotels require you to pay at least one night in advance. This is a small CON as I have never had any issues with placing my card on file and cancelling.

 

DRIVING VS. AIRPLANE TIPS

If you have a large family like mine, traveling on an airplane can seem like a pricey luxury. More than likely, you will save hundreds and hundreds of dollars travelling by car. As I mentioned before, I always start my planning by searching on Expedia. Although I know my chances could be slim on finding discounted seats for my large family, there are those rare instances there (depending on the location) might be some discounted rates. In comparing the difference in price between driving versus airplane, let’s take a look at some simple math.

A family of five flying to Florida round-trip costs $348 per person bringing your total to $1740.

A family of five renting a van to and from Florida costs $650. Don’t forget to factor in gas (approximately $500) the total comes to $1150 or $230 a person.

So far you have saved about $590!

There may be times that absolutely calls for airplane travel such as traveling oversees or traveling from east coast to west coast. In those instances here are a few tips that could help:

Airfordable https://www.airfordable.com/ is a fairly new alternative to affording your airline tickets. For a small fee you simply search for your airline tickets on your favorite airline website or search engine. Upon selecting your flight, upload your screenshot to Airfordable during the booking process. Make bi-weekly payments up to your departure date. And no worries, your rates are locked in!

Southwest Airlines has a superb credit card that racks up points towards your airfare. Friends and family alike have raved about receiving airline tickets for free or little to no cost. More info: (put site)

A final tip: Timing when purchasing airline tickets is also super important in getting the best deals. According to Airlines Reporting Corporation, https://www2.arccorp.com/articles-trends/sales-statistics/  the best time to purchase airline tickets is at least 7 to 12 weeks out. The only exception would be holiday time travel. Purchase those tickets as soon as possible!!

 

AIR BNB VERSUS HOTEL TIPS

I recently began tweaking some final touches to my family’s summer trip. One factor of the planning that always seems to be an issue is finding a large enough hotel room. This room must be large enough to accommodate everyone (which is really code for: teens MUST have their own room, the kids ages 5 and 7 have their own space, and of course the parents need PRIVACY). Some of my favorite hotels over the road that can accommodate for large sized families are Sonesta Suites https://www.sonesta.com  , Comfort Suites https://www.choicehotels.com/deals/best-rate , and StayBridge Suites https://www.ihg.com/staybridge/hotels/us/en/reservation . If you notice a trend the “code word” is : Suites.

Nonetheless, there are times when the city that you are traveling to have no hotel “suites” around. If you are not interested in purchasing two hotel rooms at a time, I highly recommend giving Airbnb https://www.airbnb.com a try! Airbnb https://www.airbnb.com began back in 2008, but its popularity of allowing travelers to live like a local across the World has risen. The average stay per night at any given time ranges in 500,000 area. http://expandedramblings.com/index.php/airbnb-statistics/

Not long ago as I searched for a hotel large enough to accommodate my family, I booked two rooms on Expedia totaling $350 for one night. Uncomfortable with the price, I decided to try a search on Airbnb. That search not only saved me $150, but my family and I will be staying in a full 3 bedroom house, on a Christmas Tree Farm! Savings and adventure! You can’t beat that!

 

GAS TIPS

Guzzle, guzzle! When traveling by car there is no way to avoid a fill-up. So, what can you possibly do to help ease those high priced fill-ups?

My first suggestion before you hit the road is to check gas prices at GasBuddy.com. http://www.gasbuddy.com  You can search by city, zip, and State.

Next, you may luck up and find a bed and breakfast or hotel such as Choice Hotels https://www.choicehotels.com/deals/gift-card that offer a free gas card just for booking with them.

Upon reaching your destination do not forget about good old fashioned local transportation (i.e. bus, train, bike) to get around on. If you are unsure of where to locate alternative transportation try Rome2Rio https://www.rome2rio.com. The site will actually will help you plan your transportation of choice simply by putting in your destination. It will provide you with cost and travel time no matter what city you live in.  And then there is also good old Uber and Lyft which will provide you with a lower cost, less formal alternative to a taxi. Refer a friend a get a free ride! https://www.uber.com/invite/robertb3261

Lastly, here is a list of the BEST CREDIT CARDS FOR GAS. Buy the gas and rack up the rewards!

 

FOOD TIPS

A bulk of your trip expenses will come from hungry bellies. Little and big ones alike will want to snack and drink in between breakfast lunch and dinnertime. When traveling by car or plane try these simple money saving options:

Avoid filling up on drinks and snacks at gas stations or airport kiosk’s by stocking up on chips, fruit, juice boxes and water bottles ahead of time. Our favorite places to stock up without going deep into your pockets are Costco, Dollar General and Trader Joe’s.

Cut your fast-food stops in half by prepping sandwiches in the car and storing them in a small cooler. If you are rushing to catch a flight, have the family eat in the car on the way to the airport. That way, they aren’t wanting expensive food stands once they reach the airport.

Here are a few sandwich ideas that have proven to please everyone in my family:

Mama Sophia’s Turkey Bacon Breakfast Biscuits (Makes 8 to 10 sandwiches)

1 to 2 cans of biscuits (large size)

1 pkg of turkey bacon

1 pkg of cheese (we use Colby Jack slices)

Prepare according to the instructions. Wrap in tinfoil. The biscuit’s and meat won’t spoil easily and when the kids awaken from the first break stop, just hand ‘em out the bag. Simple Simple. Add some fruit and a water bottle or orange juice that you packed and there you have it. Breakfast on the go!

Cost to prepare sandwiches: $12 versus Cost at McDonald’s Breakfast $4+ per person for a family of 5 $20

Savings $8+ for Breakfast!!

 

Mama Sophia’s Grilled Spinach Chicken Wraps

Prepared baked, grilled, or fried chicken

1 pkg of Spinach Tortilla Wraps (or Plain/Gluten Free)

1 pkg Spinach leaves or romaine lettuce

Cheese optional

Condiments of herb mayo, mustard or ranch

You can substitute meat with your favorite deli or veggie meat. Or, pack on some extras veggies! Add some chips, fruit and favorite drink.

Your smart planning just saved your family $21 on lunch! Based on $7+ per person for a family of 5

I hope you and your family save some bucks with my tips and spend the leftover savings on something new and adventurous!