National Teach Children to Save Day

I am sometimes astonished at how many adults struggle to maturely and effectively manage their money. Truth is, the value of money, and how to manage it, is a lesson best learned at a young age. And today, in honor of National Teach Children to Save Day, I want to share a simple formula and system for teaching fiscal responsibility to children.

As promised in my last post where I announced the giveaway winner for the Spring Cleaning planning cards. Another CONGRATS to Mary and special thank you to all my followers!

National Teach Children to Save Day. A day of recognition I wish got more attention and publicity.

How many people make a conscious effort to teach their children about saving, from a young age?

I don’t recall my parents sitting me down for a discussion on fiscal responsibility. What I do remember is a question posed to me from my mother, which continues to ring in my head today. “What do you have to show for the money you spent?”.

I grew up in a small down and at a pretty young age was granted permission to walk to our little downtown shopping area by myself. Well, generally with a neighborhood friend. Within close walking distance was a fuel station and a little department store by the name of Alco. With a small amount of money in hand we would set off on our shopping adventures and return home with…junk. Mostly candy. Sometimes blue press on nails.

With candy quickly ingested and press on nails lost within a matter of hours, the point my mom made was a valid one. In almost no time I had nothing to show for the money I’d spent.

Teach Children to Save: Giving/Saving/Spending Formula

I tend to like this formula when it comes to money allocation:
Giving 10% + Saving 15% + Spending 75% = 100%

For adults with many monthly financial obligations, or older children who may have a monthly bill or two they are responsible for, it’s the leftover money that’s allocated per the above formula.

Adults know the benefit of having some savings cushion for unexpected expenses. If children are taught early, they not only learn this invaluable skill but will also have a nice bit of padding when they enter their adult years.

Regardless of how your children “come into” the money they possess (allowance for extra chores, babysitting, monetary gifts for birthdays, etc.), consider talking with them about the above formula and set up a system for keeping track. Here’s a simple idea:

Mason jars with the following labels: Save, Give, Spend.

As children acquire money, take time to calculate how much will go into each jar. Pending the age of your child, you may also open a savings account in their name and deposit their “save” money monthly/quarterly/annually.

A careful reminder for the kiddos: money in their spending jar doesn’t necessarily mean they run right out and spend every dime. On the contrary, this money may well be saved up over time for something they desire to buy.

Learning to save toward a goal (which is not the same as the ‘save’ jar where the point is to build up a cushion for an unexpected or significant expense down the road) is another invaluable lesson. Parents must be careful not to make every purchase for every little thing their child desires, otherwise the value of money isn’t learned.

If Giving hasn’t been part of the equation you are familiar with, I encourage you to consider this addition. It’s character building when children learn the gift of giving. It’s also an awesome opportunity to engage your child in conversation about those less fortunate. You can really make an event out of giving with your child as well.¬† Something they help choose, that is hands on and fun can motivate future giving.

Maybe you don’t have time for a conversation with your little ones about Giving/Saving/Spending today – but I encourage you to make time. Soon! And for those whose kiddos are a touch too young (younger than 4 years of age), be thinking about your plan for teaching children to save in the future.

Anyone have other suggestions/tips/tricks used for teaching children to save? We’d love to hear from you – comment below!

 

Giveaway Winner Announced!

I kinda left ya hanging there, didn’t I?

I announced a giveaway and promised the winner would be named on Friday.

And then Friday came and went.

No winner announced.

Nothing posted on Simply Writeous.

Did she forget?

I didn’t.

It’s actually been on my mind frequently since Thursday night.

We’ve had a rough couple weeks with our sweet <sweet like a sour patch kid> baby girl and I was preparing for weekend company and honestly the wheels just sorta fell off.

So…here I am.

Monday morning.

72- hours late.

MARY! Mary, dear! YOU are the winner of the SimplyWriteous giveaway!!

Congrats!! Hit me up with your address so I can get your pretty Spring Cleaning Planning Cards in the mail.

Apologies for the late announcement, and thank you to all my peeps who love me and love following my blogging journey enough to have my posts land in your inbox.

If you’ve not signed up to follow the blog – but wish you would – it’s simple. Just enter your email address and click the button. You’ll receive a verification email which is another 1 click and you’re all set! I never SPAM you. Not with that gross canned ham or email nonsense.

Did you know that tomorrow is National Teach Kids to Save Day? I love the idea and wish there was more publicity behind it because learning the value of, and how to manage money is something best learned at a young age. I’ve got a creative idea you can implement with the young ones in your life so be sure to check back in tomorrow!

H

Fireworks Photo Credit: Photo by Sebastien Gabriel on Unsplash

Beef and Hashbrown Mexican Casserole

I’ve got another casserole recipe coming your way today. A Mexican casserole, to be exact!

A popular mis-conception about casseroles is that they aren’t healthy. This may, in fact, be true depending on the kinds of ingredients you plan to use. But here on Simply Writeous, I really strive to share good and healthy dishes you can serve your family without guilt. Doesn’t mean I always hit the mark – but this one surely does!

This particular recipe was adopted from a recipe posted by The Midnight Baker on her blog. In true Simply Writeous fashion, I changed it up a bit by adding and omitting ingredients from the original.

One of my favorite things is the cheesy, bell-peppery, hashbrown topping. My picture doesn’t reveal this bit of detail but it’s got just a bit of wonderful crunch. A texture I’m never mad at when it comes to casseroles.

Let’s gather some ingredients and get the ball rolling!

Beef & Hashbrown Mexican Casserole: Ingredients

1.5-2 lbs ground beef or turkey
Small onion, chopped
1/2 green bell pepper, chopped
1/2 red bell pepper, chopped
Small can red enchilada sauce (or home-make your own, following this recipe by Skinny Taste, to avoid preservatives)
Small can diced tomatoes, drained (straight out of the pantry, home-canned from the garden)
1 can corn
1 can black beans
2 cups cheese, shredded (any variety cheddar, or Mexican blend will do)
2 Tbsp butter, melted
1 tsp salt
1 tsp garlic powder
1/2 tsp black pepper
1/2 bag frozen, shredded hashbrowns, thawed

Beef & Hashbrown Mexican Casserole: Instructions

Pre-heat oven to 375 and spray casserole dish with cooking spray
Brown hamburger (or turkey) with chopped onion and half of the chopped bell peppers (1/4 cup each, green & red)
In large bowl stir together hashbrowns, melted butter, remaining bell peppers, salt, garlic powder, black pepper and 1 cup cheese.
Add enchilada sauce, tomatoes, corn, black beans, and 1 cup shredded cheese to browned meat. Stir until it’s all mixed together
Pour meat, etc. mixture into casserole dish
Top with hashbrowns
Bake for 20-25’ish minutes at 375 degrees
Switch oven over to broil for 5 additional minutes to really brown and crisp up the top layer of hashbrowns
Remove from oven, allow to cool slightly and serve!

Serve alongside some chips and guac…and a nice margarita if you’re feeling especially saucy!

And, you guessed it! This dish can be made ahead and kept in the fridge until you’re ready to warm (you’ll want to tack on 5-10 more min to the warming time). It can also be prepped as a freezer meal.

Enjoy!