Category Archives: Family Lessons About Money

Bright Shiny Objects #2 Holiday Traditions or Shoulds?

What are your favorite holiday traditions? Do you go berserk each year trying to decorate or do you gather the family and enjoy a leisurely afternoon installing the decorations of the season? Wherever you land on this continuum, it might be time to check on the “we always do it this way” types of activities. Shoulds are not allowed in Santa’s pack!

Box of glass Christmas ornaments

Box of glass Christmas ornaments (Photo credit: Wikipedia)

From a financial perspective, these traditions are expensive, especially if it turns out nobody is that interested.  One way to tell if a change is needed is if you are the only one getting it all done. When measuring the cost, don’t forget to consider time, talent and treasure (money).

Travel: Do you travel for the holidays? Have you tried some alternative techniques, from taking the train instead of driving to offering to book a nice B and B (or Airbnb) for the visiting family members?

The Tree(s):  How many? Fake or real? Lie down for a nice nap and decorate the rosemary bush instead? Holidaze….

English: Shiny haws in Bulley Lane That remind...

English: Shiny haws in Bulley Lane That reminds me – must start the Christmas shopping. (Photo credit: Wikipedia)

Entertaining: Whether you prefer a bountiful dinner party, an  ‘Open House’ or gathering the clan together after a school concert, make a plan and set a budget in advance.

Gifts: many families organize gift giving around experiences, or gifting locally. Some make things at the do-it-yourself ceramic place, cook together, or offer to take someone else’s  kids out for an afternoon of shopping or the movies. Looking for gifts made just down the street ensures more of the funds stay in your community. Another strategy is to give everyone the same thing, from tickets to the local playhouse to down slippers or cloth napkins you made yourself.

Think about why you do certain things in December, and if they still bring you joy.

Will they bring family and friends together?

Could you have a low-key gathering on Boxing Day instead (12-26)?

Attend the live reading/playing of Handel’s  Messiah at church?

Can it involve recycling such as a ‘white elephant’ exchange or Bill Cosby sweaters?

Donate or do something for others in your community-or make time to do something special for a family, non-profit or school AFTER the New Year has begun.

Whatever your decision, and especially if you have a new household, be intentional about your traditions this year. You will enjoy them more and maybe even save a little ‘green’.

Gift Box

Gift Box (Photo credit: Maeflower72)

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Filed under Be Prepared, Family Lessons About Money, History

Conversations About Money: Vacations

What kind of vacations did you take while growing up? My family did a lot of hiking, backpacking and skiing. I’m not sure that we ever took ‘normal vacations’, but I look back on them fondly. They were full of variety.

We got to hike and backpack when you could drink the water from the trailside streams and rivers. I had my own Sierra Cup that hooked into my belt. (wish I still had it!) My parents brought eggs to hide one Easter weekend up in the Olympic Mountains and there was always coffee for them. (I did not yet imbibe.) One hike along the beach was a disaster because there was grilled steak for dinner and “someone” [not me], failed to pack the steak knives. So we ate it with our fingers. My brother and I were cool with that.

Costs of these weekend outings were generated by: gas, freeze-dried and real food, paper topographic  maps, a battered copy of Trips and Trails by Bob and Ira Spring, the occasional purchase at REI Co-op (my dad had a very low membership number), and maybe a hamburger at the XXX Root Beer Drive-In on the way back. I was a cheap date (plain hamburger-no condiments). My family didn’t drink soda back then.

The Kendall Katwalk Trail along the stretch of...

The Kendall Katwalk Trail along the stretch of the Pacific Crest Trail in the Alpine Lakes Wilderness. (Photo credit: Wikipedia)

We hiked in the real mountains, on the Pacific Crest Trail, in the Alpine Lakes Wilderness, in Mt. Rainier National Park.

While in high school-I did get to a fake mountain-the Matterhorn.

Disneyland

Disneyland (Photo credit: CAHairyBear)

My high school band director entered my name for the McDonald’s All-American HS Band and I was one of the 100 musicians selected.

The band made two trips to march in parades at Disneyland and in New York City! Cost to me: free, save for the missed homework. (Oops, there was the family investment in the private music lessons-but as a teenager, I wasn’t bearing that cost.)

Like many families with children, we began to travel for athletic events. I distinctly recall the trip we took to a swim meet in Santa Clara. I was the spectator and my mother was the competitive athlete, however. (Masters Swimming!) My brother went to her swim meet in Toronto.

While many of my peers travelled to Hawaii while I was in high school,  I didn’t get there until I was over 30! (Cost of that trip: airfare for two, shared meals and entertainment, thank you gift to the owners of the time-shared condo). Loved visiting a coffee plantation on the Big Island.

big island of Hawaii

big island of Hawaii (Photo credit: Wikipedia)

Eventually I went to Europe when I was older. The 3-week trip was  paid up ahead of time due to our DINK status (Dual Income, No Kids).

In summary, we didn’t take extravagant vacations while growing up, we didn’t know what we were missing,  and I have some adult habits that have served me well. (see them below)

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Filed under Family Lessons About Money, History, Just for Fun