7 Ways Your Large Family Can Keep Frugal and Not Go Broke

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The average American family has 2.1 children (Hoover Institution). 

However, there are many families that exceed that number.

If you look at celebrities, there are families like Brad Pitt and Angelina Jolie who have 6 kids, and you can’t forget the Duggars, who make headlines with their 19 children.

Of course, plenty of non-celebrity families have large families.

My son is only in 4th grade, but one of his classmates, who is the oldest in the family, already has 6 younger siblings.  Though large families aren’t as common as they were 60 years ago, they still exist.

While all of us need to stretch a buck to some extent, for those with large families, the need is even more important because there are so many mouths to feed and people to clothe and house.

However, there are plenty of ways that large families can save money.

Here Are 7 Ways A Large Family Can Be Frugal

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If Your Teen Has a Job, It’s Not Too Early to Think About Retirement

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Generally, retirement is something that middle aged individuals are concerned with, not teens.  

Teens may feel like they have all the time in the world, while their parents hear the ticking countdown to retirement.

Parents can no longer change the fact that they probably didn’t contribute to their retirement at a young age, but they can help their children learn about retirement planning and contributing earlier rather than later.

This discussion can start with the teen’s first job.

There are Two Primary Ways Teens May Be Able to Start a Retirement Account:

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Do You Really Need the Best of the Best for Your Home?

Channels like HGTV have spawned our interest in housing and all things interior and exterior design. 

A house isn’t nice enough if it doesn’t have granite countertops and a gourmet kitchen.  No longer is the master bedroom simply bigger than the other bedrooms in the home.  Instead, we want an en suite complete with a large bathroom (his and her sinks are a must), walk in closets with built in shelves and a sitting area.  The bathroom must have a Jacuzzi hot tub.

Really?

When did this become the norm?

Of course it’s nice to live in lavish surroundings, but if you have trouble making ends meet or have debt to pay off, do you really need all of this?

Houses 60 Years Ago Were Very Different

The simple truth is that 50 or 60 years ago, houses were much simpler.
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The Minefield of Checking Account Fees – Here’s How to Minimize the Damage

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Not too long ago, finding a free checking account was easy. 

They were plentiful, and there weren’t many fees unless you had overdrafts or some other major account issue.

Now, however, free checking accounts aren’t as easy to find.  The ones that are still “free” aren’t exactly free as they are rife with hidden fees.

Now, if you’re not careful, checking accounts can routinely rob you of hundreds of dollars a year.

The Minefield of Checking Account Fees and How to Avoid Them

Trouble Comparing Services

Part of the trouble is that it’s very hard to do an apples to apples comparison of banks’ fees.
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Is American Poverty As Bad As We Think It Is?

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A few years ago during the Great Recession, my mom would lament about how scary times were and how it was similar to the Great Depression.

Without a doubt, the Great Recession was hard on many families.

People lost jobs, and sometimes it took them months or even years to find a new one.  Some people lost their homes, and many others were underwater.  Still, to say that times were as hard as those during the Great Depression was a gross exaggeration.

Let’s Put American Poverty in Perspective

Poverty in the United States During the Great Depression

The site Ohio.gov has gathered stories from the elderly recounting their life during the Great Depression.  If you’re a history buff, you could spend hours reading the material.  By recounting their lives during that time, we get an excellent glimpse into how difficult times really were.
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Fourth (4th) of July Deals, Freebies, and Discounts 2013

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For the last several years, companies have generously offered freebies as a way to get new customers in the door (and perhaps spend more money with the business offering the freebie).  A wise consumer may choose to take advantage of the freebie and not necessarily buy more.

If you are looking for some frugal fun on the days leading up to the 4th and on the 4th itself, check out some of these 4th of July freebies and deals:

Restaurant Freebies and Deals

fourth of july fireworks

Have a great 4th of July and enjoy these great deals!

Most people don’t spend the Fourth of July inside a restaurant, so several restaurants have offered some good deals to entice you to visit them.

Here are some of the best deals:

  • It’s BOGO (that’s buy one, get one free) smoothies at Jamba Juice through July 7th. Use this Jamba Juice coupon.
  • Spaghetti Warehouse is offering $5 off any two entrees.  Head over to this Spaghetti Warehouse Facebook page and Like them for the coupon.
  • Boston Market is offering 50% off any of their Family Meals on the 4th of July with this coupon.  This is a great way to get the cook of the family out of the kitchen so he or she can enjoy Independence Day.
  • Head over to Outback Steakhouse and say “Let Freedom Bloom!” and get a free Bloomin’ Onion.

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Walmart Life Insurance Policies – Should You Buy Yours There?

Imagine the unimaginable–you’ve died. 

In the prime of your life, years before you thought you would, you’ve died.  You’ve likely left behind a spouse and children.  Of course, they will grieve your loss terribly, but soon after you pass on they’ll be confronted by a harsh reality of life without your financial contribution.

How will your spouse survive and meet the bills?  Will she have money to send the kids to college?

Unfortunately, financial considerations crop up soon after someone dies when the funeral needs to be planned.

Life goes on.

If you’re the primary breadwinner, life goes on for your family with much less money, unless you had life insurance in place.

Unfortunately, 30% of Americans have no life insurance.  “Of the 35 million American households without life insurance, 11 million include children under 18″ (MSN).  While dying in your prime is unlikely, it happens every day.  My dad died when he was just 38, and my parents were woefully underinsured with life insurance.  My mom has struggled financially since he died over 25 years ago.

Why Don’t More Americans Get Life Insurance?

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