TODAY Money's Allison Linn live chatted Wednesday about home finance and had readers share their tips for saving in tight times.
Here are two questions from her chat and the complete archive:
Linda: What are your suggestions for teaching young kids about money?
Allison: Great question. There are lots of different philosophies about teaching kids about money, and you really need to decide what is right for your family when it comes to things like allowances, summer jobs, etc. But I think the most important thing you can do to teach your kids about money is model good financial behavior.
If you show your kids that you are careful about making big ticket purchases, or talk to them about the price of off-season produce at the grocery store, those lessons will stick.
Bob C.: I read your story about outfits like Groupon. You seemed a bit lukewarm on them. But don't they save you money?
Allison: From what I've seen and heard from readers, Groupon-type coupons can really save you money if you were already planning to go to that restaurant or really wanted to try that skydiving excursion. Where you can get in trouble is if you spend $100 on $200 worth of yoga - but find out after one class you hate yoga. You should also make sure you know the rules of the coupon.