Home > Author Archives: Kayla Sloan

Author Archives: Kayla Sloan

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

Why You Should Pay Your Kids to Perform Household Tasks

Why You Should Pay Your Kids to Perform Household Tasks

When my younger brother and I were kids, we were expected to help out around the house. Both of our parents worked, so we had to do a few chores each week in order to keep the household running smoothly. Part of the time we got paid for what we did and part of the time we didn’t. It just depended on what we did and if it was expected or “above and beyond”. Reflecting back on those times I think our parents paid us when they could afford to. However, when money was tight for them it didn’t always happen. Now that I am an adult I feel like there are a lot of good reasons why you should pay your kids to perform household tasks. 1. They Learn the Value of Money Pay your children for part of the work they do instead of all of it. Taking this type of approach prevents them from thinking they should get paid for every little thing. At the same time, if you allow them some discretion in their spending, you help them learn the value of money. 2. It Builds Self-esteem Your kids are not your slaves and should not ...

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What to do if Your Partner is Financially Irresponsible

What to do if Your Partner is Financially Irresponsible

It’s been said that money is the root of all evil. I don’t know if that’s true or not, but it does seem to cause a lot of tension between partners in a relationship. In fact, money has stayed at the top of the list as one of the things couples fight over most. Sometimes arguments arise over a lack of money. Other times it is due to one person’s mishandling of money. But, what can you do if your partner is financially irresponsible? 1. Talk About It Something that should be discussed early on in any couple’s relationship is how they each value and handle money. Conversations about money may not be romantic, but they can save a lot of grief later and possibly even divorce. Each person in the relationship should openly talk about their financial goals as well as how they have handled money in the past. Does either partner have debt hanging over their head? If so, is it a large amount that could be paid off before making the relationship permanent? But what if your relationship is already permanent before the money talk? If that is the case, each of you still needs to confess ...

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Saving Money on Household Goods Without Extreme Couponing

Saving Money on Household Goods Without Extreme Couponing

When I was fresh out of college and low on money, I searched for ways to save and came across extreme couponing. I started clipping coupons, printing them out in mass quantities from internet sites, and even purchasing some on E-bay to get items I needed. It wasn’t long before I built up a stockpile of both foods and household goods. Unfortunately, I found that not everything I bought were things I needed. Some even expired before I could use them! This led me to realize maybe extreme couponing wasn’t really saving me the money I thought it was. Now, I still try to save on household goods and groceries, but I don’t do it with extreme couponing. Here’s what I do instead. 1. Shop Sales Obviously one of the ways to save on household goods without extreme couponing is to watch for the items you frequently buy to go on sale. If you pay attention to the sales flyers of the stores you shop at you will notice most have a cycle. Certain items will go on sale every few weeks and others every few months. If it helps, you could chart it so you can figure out the ...

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How to Make More Money (Without Getting a Second Job)

How to Make More Money (Without Getting a Second Job)

For many people there comes a point in their life when money becomes tight. It happened to me both during and shortly after finishing college. In order to turn things around for myself I had to take a second and even a third job temporarily in order to make ends meet. Fortunately I was eventually able to make the necessary changes in my life that I needed and now my financial future looks brighter. But, if you want to make more money without getting a second job, there are ways to do that too. 1. Ask for a Raise One of the obvious ways you could earn more at your current job without having to beat the streets to find a second one is to ask for a raise. Unlike what I had to do, you wouldn’t wear yourself down as much by not having to take on a second job. However, if you are going to ask your job for a raise you should first make sure you are performing well at what you are already doing. Asking for a raise when you are falling short is like asking to be handed your walking papers. 2. Ask About a Promotion ...

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Pros and Cons of Store Loyalty Cards

store loyalty cards

How many store loyalty cards do you carry around in your wallet or purse at any given time? According to the 2016 Bond Loyalty Report, the average number per person is 13.4. But, only half of them are actively being used. Personally, I too carry a few different store loyalty cards in my wallet. Over the years, however, I have learned to use them in moderation in order to keep my budget in line and expenses down. Although it seems like store loyalty cards can be a good way to save money and earn special perks, they do have some cons too. Here are the pros and cons of using store loyalty cards. Pros: 1. Save Money Many people believe that store loyalty cards save them a lot of money. I think that can be true in some cases. For example, if a product you are going to buy anyway from a certain store will be cheaper if you start using their loyalty program, by all means sign up. In addition, if you have the room to store extra non-perishable items and can buy them at a significant discount through the use of a store loyalty card it might be ...

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