Make Sure you Start 2015 with No Debt

The holiday season is upon us and certainly this time of year can be expensive for our San Diego families. Joanne Pastula, President and CEO at Junior Achievement of San Diego, has outlined a few helpful tips for children of all ages to make sure you start 2015 with no debt and just maybe, a little extra money in that piggy bank! 

  • Have You Had the Talk?  It is important to sit down with your kids and set clear guidelines on how much money they can spend this holiday season.  You can also encourage them to earn extra money, either by doing additional chores or getting a seasonal job.
  • Make a List and Check it Twice.  Encourage your teen to develop a budget and stick to it.  Have them make a list of all the people they want to buy gifts for and help them decide how much money to spend on each person.   Make it fun and turn it into a game.  
  • Giving Back. Family budget for spending, which means instead of that much-desired mini I-pad, encourage your child to give money to charity.   Next Tuesday, December 2, there is a national campaign called “Giving Tuesday.”  The campaign encourages families, businesses and students from all over the world to “give back” to their favorite cause or charity.  Promoters of the “giving day” are using a clever marketing campaign targeted just for the millennial age group calling “unselfie!”  We invite you and your child to join the “unselfie” club and donate this holiday season. 
  • Participate in fun & FREE activities.  Instead of heading to the mall, jump in the car with your family with a mug of hot-cocoa and enjoy touring the bright lights of your neighborhoods. Another idea that does not cost a lot, and is a great way to makes wonderful family memories
  • Make a craft.  Instead of buying a gift, inspire your kids to make their own gifts.  Ideas include using recycled products such as using old clothes to make a pin-cushion for grandma.  Or paint a small rock, and use it as a paper-weight for Dad’s office.

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Marla Black

Marla Black