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Category Archives for Family Finance

The Best Financial Advice For Today’s Generation of Adults

  • August 22, 2022

young couple taking a selfie

The best financial advice for today's generation of adults is simple: make your finances work for you. Focus on saving for retirement, paying off debt, and investing in high-interest savings accounts. By following these financial tips, you can make the most of every paycheck, just like Nicholas Sheumack would. It's never too late to make smart financial choices! If you haven't started saving for retirement yet, read on for some tips.

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Navigating The Cost Of Living Crisis

  • August 19, 2022

man holding a pile of coins

It’s not the happiest subject, but it’s one that we’re all having to face right now. Many countries across the world are going through a cost of living crisis. This is when we experience a fall in ‘real’ disposable incomes (the amount that we have to spend after inflation, after taxes and after benefits) that is being caused by high levels of inflation outstripping wage and benefit increases.

In short, we’re earning the same amount we did a few years ago, but the cost of near enough anything has gone up and we’re struggling to keep up. Many people, at this point, are finding that they just don’t have enough to get by and are at a loss as to what to do in order to keep afloat.

Nobody wants to sink into debt right now, as few people have realistic and manageable means of getting out of it. Sure, times are hard right now and there might not be a fair or reasonable answer to everything, but here are a few things that you can do to help yourself navigate this situation a little more easily.

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Budgeting Hacks for People New To Adulting

  • August 19, 2022

young adult man smiling

As a young adult, you are probably just starting to get used to handling your own finances. It can be tricky to learn how to budget appropriately and even more challenging to stick to a budget that works for you. Even if you have never had to budget before, there are a few key things you can do to get started on the right foot.

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5 Top Prenuptial Agreement Benefits

  • August 10, 2022

people signing documents

If you’re getting married soon, then a prenup may be something you might want to look at. While once seen as something more insulting, it’s slowly becoming the norm, especially for millennials and Gen Z who are getting married.

So, what is a prenup? A prenuptial agreement is a contract that outlines the rules and conditions of a marriage before it takes place. Prenuptial agreements are becoming increasingly popular, with more than half of all marriages now involving one.

There are many benefits to consider when entering into one, such as ensuring that you have financial security and protecting your assets in case of divorce. This can also be a way to make a divorce less sour as there will be agreements already put into place that both parties must agree on. While there is a lot to think about before getting married, here are some additional things you just may want to keep in mind that is beneficial.

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6 Things You Have To Do As An Adult

  • August 8, 2022

woman on vacation overlooking a huge forest

There's no getting around it: death is a part of life. And while it's not something people like to think about, there are some things you should do before you die, both for your own peace of mind and for the sake of your loved ones. 

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5 Ways to Prepare for an Economic Recession

  • August 8, 2022

It's a sign of recession. Recession business and stock crisis concept. Economy crash and markets down.

It’s terrifying to think about, everyone just got through the COVID pandemic (which is still technically among us), but yet, the news states that economists are predicting an economic recession in the first half of 2023. While it’s hard to say if this will actually happen or not, it never hurts to try and stay prepared. It really doesn’t take much for the economy to become a major disaster. So, with that said, here are some ways that you can prepare and keep yourself safe in the case of an economic recession.

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Tips For Keeping Your Money Safe At All Times

  • July 8, 2022

woman counting money at her desk

The digital world can be an absolute menace when it comes to spending and saving money. Adverts everywhere you look, interest rates at an all time low, and then there’s a scammer or two trying to make a quick buck. How are you supposed to keep your bank account and everything in it safe, especially if you’re saving up for something? Well we’re here to tell you it’s possible, as long as you stay vigilant and examine your money habits inside and out. Check out the tips below if you’re worried about your money keeping ability right now. 

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Wealth Management: What You Need To Know

  • July 6, 2022

financial spreadsheets and analysis

People spend their whole lives earning money and investing it to make good returns. Experts suggest that as you age, you should start managing your wealth and planning for the future to ensure that your wealth gives you benefits even when you stop earning.

Today, we're discussing the tops financial tips for 2022 as they relate to wealth management.

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The Financial Aspects Of Starting A Family

  • July 5, 2022

family at dinner

Starting a family is incredibly expensive. What seems like one of the most natural things in the world to want and do can cost you around $200,000, all things considered. And that’ll take some saving up for! So when you decide with your partner that now’s the right time to expand the family, it’s best to sit down together and work out the financial logistics. 

What’s it going to cost to add another member to your household? You’ll need a budget, at the very least, but you’ll also need a few more things on side to help out. Check them out below. 

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11 Tips To Save Money On Gas This Summer

  • June 16, 2022

girl pumping gas

Nothing beats the joy of summer drive, but a successful summer driving season requires some planning and budgeting of your finances. With gasoline prices showing no signs of slowing down, your summer driving season is set to get expensive. 

The national average price of gasoline is at a new high of $4.955 per gallon, as of June 8, with more than 50 states reporting gas prices of more than $4 per gallon, according to AAA

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