If you’ve found that talking about family finances with your spouse is difficult or completely uncomfortable, we have some suggestions that can help.
Before doing anything, think about whether or not you and your spouse are on the same page in regards to how to budget money. Each of you is an individual, especially when it [...]
An emergency can happen at any time. A special fund that you create for an unforeseen circumstance like an unexpected job loss or illness will see your family through it – all the while preventing unnecessary debt and the associated finance charges that could be very easy to accumulate.
How Much Is Enough?
The answer depends on [...]
We’ve all walked away from the holidays with useless items in tow. Remember the teddy bear tie that Aunt Mary thought was just too cute?
It’s our kids that get this the most. Let’s not forget the sheer overwhelm that comes from opening all those presents — many of which get used once and then tossed aside. [...]
As parents, most of our time is spent managing our day-to-day lives. While making sure our kids master life’s lessons, it’s easy to put saving for college on the back burner. Experts say we should start early and balance our efforts between saving for retirement and college. It’s a juggling act, but a necessary feat [...]
Most of us save by taking the leftover money at the end of each month or end of each year and move it to a savings or investment account. If we are honest with ourselves, there’s not much left at the end for savings.
Instead, we should save by making it a fixed monthly expense, just [...]
For those who aren’t used to a budget, it can feel constrictive and cramp their personal style. You’re used to spending on what you think you need and not worrying to much about a budget. Here’s a simple guide to relatively pain-free budgeting.
1. Know why you are budgeting
“Every time you say yes to one thing, [...]
