23. Take stock of needs and wants: Get together and examine each family member’s wish list. If it’s a need, it stays. If it’s a want, put a time frame or a contingency on the expense. Save on needs by switching to store brands or borrowing the item instead of buying it.
24. Discuss ways to save: Share financial goals as a family and let each person contribute their ideas for cutting costs. Kids are never too young to learn about money—plus, being open about finances will make you less wasteful.