Category Archives for Family Finance

Financial Advice for Recent College Graduates 

College graduation season is upon us. This is the time to celebrate all of our recent college graduate’s accomplishments and welcome them into the next phase of their lives. Whether that be continued education, travel or the working world, our college graduates will face new triumphs and challenges as they grow and evolve into full-fledged adults. Here are some financial tips and tricks we’ve accumulated over the years to help graduates succeed. 

When a Debit Card Makes Sense for a Teenager

One of the primary goals of parenting is to teach children how to be smart with their money. While many parents do this by focusing on budgets and allowances, another important topic is how to avoid going into excessive debt. This discussion often revolves around the subject of credit cards and when to use these types of cards, if ever, as opposed to debit cards.

Actionable Ways To Stay Calm Amid Financial Anxiety

Financial anxiety is a challenge you may face more than once in life. Even prosperous people may encounter money bottlenecks unexpectedly. The pandemic taught a crucial lesson not to get complacent with your finances. The impact of a financial crisis affects goes beyond your lifestyle and budget. It can take a toll on your physical and mental well-being. But you can overcome the challenge by staying calm and maintaining your composure amid the crisis. Here are a few actionable ways to manage stress and restore normalcy regardless of money troubles.

Easy Ways To Minimize Car Related Expenses

Owning a car can no doubt be a truly costly endeavor if you do not know how to save cash in the most innovative way, as there are so many financial risks and dangers that you might need to shell out for if you fail to manage your car in the most appropriate manner.

Fortunately, learning how to cut the cost of car ownership needn’t be as difficult as you might initially imagine, as there are in fact a wide array of different steps that you can follow to minimize the related expenses in no time at all.

So, if you’re interested in learning more about how you can start to utilize your vehicle for a lot less, then simply read on! 

4 Tips On Creating A Comprehensive Family Budget

If you're like most families, money is always tight. It would help if you found ways to stretch your dollars and make every penny count. One way to do this is by creating a comprehensive family budget. This will help you track your expenses and see where you can cut back. This blog post will discuss the steps necessary to create a family budget that works for you!

4 Investments That Will Secure Your Financial Future

Your finances are important. They can make or break every aspect of your future, so it is crucial that you take the necessary steps to secure your financial future. Here are 4 investments that will help you do just that.

How To Handle A Financial Emergency With A Low Income

An emergency hits you when you least expect it. That’s what an emergency is supposed to be. But it doesn’t stop it from disrupting your plans and efforts to maintain your bank accounts in the green. Today's contributed post helps us explore how to handle a financial emergency with a low income.

For families with a low income, an emergency can be the beginning of a long journey through debts and credit card bills. Whether it’s medical or related to the maintenance of your house or car, an emergency is, by definition, something you can’t ignore. Which leaves low incomes with only one way forward: Dealing with the situation as best as they can. Here are some ideas to help you tackle the crisis without losing your mind or damaging your budget.  

How To Defend Your Elderly Parents Against Financial Abuse

Anyone that has even the smallest interest in current affairs will know there has been an increase in financial abuse against the elderly. In a word, it’s sick. Yet, here we are, in a world where it has become an epidemic.

In fact, it is an epidemic that costs seniors over $36 billion each and every year. We’re talking about professional scammers, cyber scammers, caregivers, financial advisors and those ballsy enough to con them out of money over the phone are all part of the problem, taking advantage of vulnerabilities, especially dementia.

You’re Killing Your Wealth: 8 Simple Truths Sabotaging Your Finances

You're killing your wealth. Got it?

Wait. Let me back up.

I wanted to write this post as a list of the top 5 to 10 things you need to do to become wealthy. Then, I realized that writing something like that isn’t going to help anyone. Sure, it’s nice to think about building wealth and day dreaming about how that might look.

But, in reality, most of us aren’t even close to that reality. It’s a pipe dream.

We want to blame the government or our upbringing. Maybe we blame our boss for making us slave away at a job when we rather be building a business. Or, hell, maybe it’s just the fact that we now have a ton of responsibility in terms of mortgages, student loans, credit card debt, and raising a family.

Regardless of what you want the reason to be, you are the reason you're killing your wealth. There, I said it. You are killing your wealth.

Rather than bore you with some long introduction, I’m just going to be frank with you. For whatever reason, I’m in that type of mood as I write this.

So, here it goes.

Can Parents Put Children into Debt? 5 Scenarios You Need to Know

Can parents put children into debt?

Yes, they can. More shocking is sometimes the parents put children into debt knowingly.

It might be they have no other way out than doing so and sometimes they do it with the intention of helping their children.

Here are 5 scenarios about how parents put their children into debt.