What/How to Teach Your Kids About Money Management

What/How to Teach Your Kids About Money Management Money management is a fundamental life skill that is often overlooked in schools and formal education. Typically, children will learn about money management either from their parents or on their own, rather than through any organized curriculum. Because financial know-how will eventually touch nearly every aspect of their lives, children should... Continue reading

Combining Finances In A Relationship

Can a couple where both participants have different attitudes towards money and different incomes survive in a relationship with combined finances for their household budget? A differing philosophy or income is not an automatic problem. What’s really important is the goal. If two people agree on some basic principles, there is room for differences in habits. In a partnership, there are ways... Continue reading

Why Money Management Is Key to Making Your Life Easier

Though money management might be a scary term for some people, it doesn't have to be. In fact, taking the time and investing the effort to get your financial house in order can actually make your life much easier -- and less stressful -- because you put systems in place to account for life's "what ifs." Peace of Mind From Knowing Your Finances When you have solid money management skills, you... Continue reading

Estate Planning Basics: What Everyone Should Know

Estate planning is about protecting the people you love. That’s why everyone—not just the wealthy—needs an estate plan. The details of your plan naturally depend on your individual situation. But there are essential components every estate plan should include. A strategy for your survivors No matter how long you live, one day others are going to inherit everything you own. The following documents... Continue reading

Cheap Travel Ideas: Fly, Drive, or Neither

Even though holiday travel and vacation isn't far behind us, you're probably already stuck behind your desk, daydreaming about your next getaway. If you're a travel nut, you've probably realized that those little weekend trips and summer vacations can add up. Hopefully these money management tips and cheap travel ideas will help you save a little the next time you hit the road. Continue reading

Marriage & Financial Planning: Challenges to Consider

When you marry, you merge hearts, minds -- and finances. Someone else gets a say in how you spend money, how much debt you take on and what your financial goals should be. The "Wall Street Journal" notes that money fights are one of the top issues for couples. Talking about money with your spouse may feel awkward at first, but it's a talk that needs to happen. Talk About Financial Plans... Continue reading

5 Secrets of a Financially Happy Marriage

When it comes to money, few couples are soul mates. Typically, one of you is a saver and the other is a spender. One of you is more conservative and the other is more of a risk-taker. And both of you are convinced that your way is the right way. That’s why conversations about money so often deteriorate into arguments. Continue reading

Before You Lease Your Next Car

On Friday, Chrysler Group began offering leases on all 2010 Dodge, Jeep, and Chrysler vehicles. The automaker also said in a press release that it plans special leasing deals for certain models, including the Chrysler Town & Country, Dodge Grand Caravan, Ram 1500, Journey, Jeep Wrangler, and Liberty.  Should you consider what Chrysler is offering? Or, more broadly, is a lease ever a... Continue reading

Tips for Creating a Moving Budget

The much-dreaded moving day looms on your calendar. You know what it means: pulling together an entire household of stuff, an exhausting day or two getting it from point A to point B, and setting it all down -- hopefully undamaged -- in the brand-new abode. Moving a household means time and hassle, but advance planning can keep the expenses under control. Places and Spaces If you want to... Continue reading

Family Budgeting: Thrive on One Paycheck

For Raffi and Elaine Boloyan, both 32, stretching their income became doubly-challenging when they chose to cut their income by nearly half. In 2004, Elaine left her $67,000-a-year job in human resources to stay home with daughter, Ava. To make this kind of transition, the Boloyans have three words of advice for other families: "Plan, plan, plan." Their own preparation began in 2002, when they... Continue reading