Category: children

  • Back to School $$$ Saving Tips

    Back to School $$$ Saving Tips

    As we begin the 2021-2022 school year during what I call, “The Covid-19 Era,” there is much uncertainty and trepidation.  Some schools commenced last week, others will start this week or after Labor Day weekend.  Our Mayor says the school must be in person because “our children are safer in the classroom.” 

    Whether or not you agree with him, there is one thing that is a certainty,  our students will continue to be schooled and they will need school supplies this year and going forward. 

    Like many things, back to school shopping is a habit.  Some are efficient habits, and some should be broken.  I notice differences in shopping habits between men and women.  The evolution of the internet, Covid-19, and the closing of many malls and brick and mortar stores have forced a change in buying habits for many parents and grandparents.

    Regardless of your habits, there are always things to learn, new habits to form, and ways to save money on these annual expenses, which can add up.  Take a look at my top 8 money-saving tips and perhaps start a new habit:

    1. Make a List, Then Check the House First:  Go through closets, storage, and utility drawers first.  There is a possibility you might have items leftover from the last school year.
    2. Craft a Budget:  It is always a good idea to have a price-range limit that you are willing to spend.  Keep the list with you when you are shopping either on-line or in person.
    3. Consider Setting Up a Gift Closet or Large Draw: A client shared this tip with me as she showed me how she turned a little used hallway foyer closet into a gift closet.  She buys many offseason gifts early at a deep discount and has saved big $$$ over the years.
    4. Check Out the Dollar Store First:  Before going to the big on-line and mega-retailers, there is a chance your local dollar store will have the items you are looking for at a discount.  They often buy excess lots or last year’s leftovers in bulk at a big discount, and pass some of their savings on to you.
    5. Consider a Desktop, Laptop or Tablet: For on-line shopping, it is prudent to use the bigger screen to look at and compare prices.  In addition, although smart phones have many good apps, there are discount and coupon finding extensions that can be added to your computer (especially if you use google chrome) to save you major search time.  See Tip #6.
    6. Consider Adding the Honey Google Chrome Extension to Your Computer: On your laptop, desktop, I pad or other tablet, click www.JoinHoney.com and add the Free extension.  This extension (not for phones) automatically searches for the best prices (often less than Ebay and Amazon) and you are notified immediately before “check-out!”  There are other extensions (such as Capital-One) that you can use, although some are better than others.
    7. If You Use Amazon, Consider Camel, Camel, Camel:  The big four (Amazon, Walmart, Target and Ebay) account for most internet sales.  If you are a loyal Amazon user, consider Camel, Camel, Camel. (CCC) Camel is an Amazon price tracker.  Find the product you are interested in buying, then cut and paste the URL into CCC to look up the item’s price history and/or add it to your price watch list.  If this is too complicated, go back to #6!
    8. Consider Holding Off Buying Trendier Gear:  It is advantageous to wait a few weeks after school starts to see what are the “in” styles.  Sometimes kids are wrong, so it is better to wait instead of trying to anticipate the hip new clothes and sneakers.

    Heed these 8 tips and watch your savings start to add up.  It has been a tough run for our grade-school and young adult students (due to no fault of their own).  I wish you and your families a safe and productive school year!

  • Back to School Shopping- 6 Money-Saving Tips

    For kids, shopping for new gear and supplies may be the coolest part of going back to school. This doesn’t mean you need to “break the bank”. Try these tips to save big money this year.

    1. Make a list then check the house first: Go through all closets, utility drawers and storage areas first. You may already have many items leftover from last year.Unknown

    2. Go to the dollar store next: The next best place to buy items before shopping at more expensive stores.

    3. Shop the big three: Old navy, Gap Kids and the Children’s Place rotate goods often. Ask when they are having sales. Also, if you see an item you bought in the past 14 days later on sale later, you can get the difference refunded as long as you have the receipt.

    4. Hold off buying trendier gear: Wait to see what is in style and buy after the school year starts instead of anticipating trends and wasting cash upgrading later.

    5. Google coupons for on-line purchases: With your list in hand go on-line and search out coupons. You will be surprised at the savings.

    6. Browse craigslist.org: You can find quality things on the cheap and can sell them as well. Just enter your location and click on “baby and kids”.

    Besides saving money on school shopping learn how you may save money on your health or life insurance policies today. Contact Rob for a free review!

  • 7 Places to take your kids this summer outside Manhattan

    Parents are always looking for fun places to take kids this summer.  Whether it’s education or to tire them out, these places will leave lasting impressions on your loved ones:

    1. New York Hall of Science: Located at 47-01 111th in Corona queens and open 7 days. Many interactive science exhibits and attractions to keep your child’s interest.
    2. Indoor Extreme Sports: Play paintball and Black Ops laser tag this place gets the adrenaline pumping. Located in Long Island city and Staten Island.  We have thrown birthday parties here and I will tell you big kids like it too, LOL!insurance, New York City, financial services
    3. Bounce U: Another great birthday place, Bounce U can be found in Brooklyn and College Point, Queens. Open 7 days and not just for parties as they have open bounce hours to wipe out the most feisty children.
    4. The Queens Zoo: Located in Corona, Queens and close to #1 the Hall of Science. The Zoo is open daily and easier to navigate and less crowded than other Borough Zoo’s although they’re all good.
    5. Kids Fun House: Located on fresh pond road in Ridgewood, Queens it’s for children up to 12 years old. There’s a socks only play area for small children while the bigger kids go thru the maze or play arcade games.  There’s also an on-site café.
    6. Museum of the Moving Image: Open wed-sun this place is really fun and was recently renovated. Took the boys last year to the “Behind the Screen” exhibit with Star Wars props etc.  Also, somewhat hidden is an old-school arcade with Ms Pacman, galaga and other games baby boomers will be familiar with.
    7. Artistic Stitch Sports Complex: Located on Cooper Ave. in Glendale, Queens and open from mon-sat. If you have older children, this place has something for everyone.  Soccer, dodgeball, wiffleball and rock climbing to name a few.
  • 5 Reasons 529 Plans are a Waste of Time

    5 Reasons 529 Plans are a Waste of Time

    5 Reasons why 529’s are a waste of time

    Unless you are getting other people like grandparents to contribute money to your child’s 529 they are a waste of time for the following reasons:529 college savings plan

    1. They reduce the amount of endowment “free” money students can qualify for:  Ex. With $100,000 in a 529 the first $25,000/year is on you!

    2. High fees, charges and broker commissions:  Most 529’s have front or back end charges as well as annual fees regardless if it’s making money.

    3. Exposure to stock market fluctuations: The market can go down 50% during your student’s high school senior year and the money is gone with no time to recover.

    4. Limited fund and investment choices: Most states have only 1 fund family to choose from.  If you choose a different fund family odds are you will lose your resident state’s income tax deduction.

    5. What happens if your only child gets a scholarship?: All funds withdrawn in this scenario would incur a 10% withdrawal penalty.

    There are several other options as to where to stash money and how to pay for college that won’t have market risk or adverse effects on potential scholarship money.

    Contact Robert today for a better way to fund your child’s college education