Enjoy these Family Big Brain quizzes we've created for you, helping to test the Family knowledge you have.
Pay only the minimum balance each month. | |
Pay more than your minimum balance each month. | |
Pay off your lowest interest card first. | |
Pay your bill later than the due date. | |
Always try to pay more than the minimum amount due if only by a few dollars more each month.
It will pay the card off faster and keep interest charges down. Pay off your highest interest card
first. Pay your bill as soon as you get it, if you wait you will most likely be charged the higher
interest fee.
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When the one you have stops working. | |
Buy appliances pre or post season to save up to 30 percent. Also check for discontinued models to save even more. | |
Buy when you see a sale paper advertising what you want. | |
Appliances are always on sale, you can buy them anytime and save money. | |
Air conditioners for example will be much less during winter than in summer. The same applies
to outdoor grills. Most household appliance prices will be reduced more in winter than in
summer months.
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Always use credit cards. | |
Pay cash for as many purchases as you can. | |
Don´t wait, buy what you want as soon as you can. | |
Live outside your means. | |
Families should always try to pay cash for as many purchases as they can. Avoiding using
credit cards will keep your family out of debt and will also curb impulse spending. If you don´t
have the cash on hand think long and hard about making the purchase with credit cards.
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Buy only brand name merchandise. | |
Never use coupons for groceries. | |
When items your family uses frequently are marked down buy enough to last to the next sale, usually about 3 months worth. | |
Never check the store sales papers before shopping. | |
Items that you find you are using frequently should be bought in advance when they go on
sale. Buying about 3 months worth will last quite a long time and save a substantial amount
of money depending on how much they are marked down for the sale.
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By only using some coupons. | |
By using coupons when items are not on sale. | |
By cutting out the coupons and leaving them at home when you visit the grocery store. | |
Search out other coupon shoppers on the Internet and seek to trade coupons. | |
There are many online coupon traders that you can swap coupons with to get many coupons
for items that you use. You can trade others online for coupons that you use and give them
the coupons that you don´t.
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Leave the lights on when you leave a room. | |
Invest in a programmable thermostat. | |
By not investing in weather stripping and other energy saving items. | |
By leaving appliances on when you are not at home. | |
Studies show that the average household can save over $250 a year with
this one piece of technology.
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Start saving when your child is in high school. | |
By not filling out forms for financial aid well in advance. | |
By not visiting your child´s high school counselor. | |
By using a Dividend Reinvestment Plan. | |
A Dividend Reinvestment Plan or DRIP can be used to invest money for your child´s college
education. Some companies offer entry into the plan for as little as one share of stock.
The plan reinvests dividends from the stock you buy directly back into the plan. Starting
a DRIP at the earliest possible time will help build up your child´s college fund.
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A log of every purchase you make. | |
A place to keep ideas on how to spend your money. | |
Where you write down how much items you want cost. | |
A record of how you will spend the lottery winnings. | |
Write down every single purchase you make. You will see exactly where you money goes
and stop spending where you shouldn´t.
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By buying only name brands. | |
By shopping at the mall. | |
Shop local consignment, re-sale and thrift stores on a regular basis. | |
By never waiting for sales. | |
You can find brand name, gently worn clothing for the entire family at thrift, consignment and
re-sales stores for a fraction of their original cost.
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