Ongoing droughts have bumped up prices for produce and produced a trickle-down effect on meat, since feeding cattle has become costlier. At the same time, a virus has been plaguing pigs across the nation, spiking prices on pork. It's not a pretty picture just as barbecue season goes into full swing. But you can still find ways to grocery shop on a budget, especially if you know where to expect the hikes.
Possessing the know-how of smart financial practices, even at a basic level, can help individuals in their everyday lives. If we don't feel financially secure and instead worry constantly that our next pay check won't cover the mortgage, next week's groceries or gas for the car, we're more likely to be frustrated and distracted both at work and at home.
As I always remind people, the younger you are when you start saving for retirement, the better. Start in your 20s and you should be fine by putting just 10 percent of your annual salary away every year until retirement. That sounds easy enough. But how do you get young people who are having trouble making ends meet to even think about saving for the future?
Certain prepaid cards are specifically designed with parents and teens in mind -- giving parents the ability to have control over how their teen is spending money. Using a card like this will help your teen develop into a financially savvy and responsible adult, while keeping the risks of offering them more financial independence at bay.