Things to Know Before Co-Signing A Loan

If you are working and have good credit, you may get a request to co-sign a loan. Your kids need cars. Your parents want to fix up the fixer-upper they bought. Your brother wants to go back to college and get his life together. You aren't obligated to say yes, but of course you'd like to help out. But before you sign on the dotted line, understand the risks.   Advantages to Co-Signing It isn't... Continue reading

Major Money Mistakes to Avoid When Pregnant

Staying budget-minded when you're pregnant is no easy feat. Your moods probably swing from high to low, and you may feel that you don't have the time or the energy to plan or budget. Rather than fine-tuning your personal finances during this special time, try avoiding the biggest money blunders expecting couples make. Continue reading

Tips to Save on Groceries

Date: August 2, 2016 While shopping for groceries is more budget-friendly than eating out all of the time, poor choices at the supermarket can blow those savings right out of the water. Using coupons and buying your favorite items only when they're on sale are good basic shopping strategies, but there are other tactics to maximize your grocery dollars, as well.   Think Outside the Grocery Store... Continue reading
Strategies for Managing Elderly Parents' Finances

Strategies for Managing Elderly Parents' Finances

Date: September 19, 2016 The fact that you manage your own money well doesn't make it any easier to handle your elderly parents' assets when the time comes. Your parents may still be very independent, but just need a helping hand. Maybe they are incapacitated and require someone to do everything for them. Whatever the circumstance, you'll need legal authority to get started, and then follow these... Continue reading
How to Talk to Your Parents About Their Retirement Plans

How to Talk to Your Parents About Their Retirement Plans

Date: June 22, 2017 You love your parents, so you want to make sure they have enough saved for retirement, but having that conversation can be difficult. A 2014 study by Bankrate revealed that about 26 percent of Americans ages 50 to 64 have no retirement savings whatsoever. If your parents are in the same situation, it's not too late for them to start building a nest egg.   It's important to... Continue reading

Financial Strategies for Big Families

Date: May 30, 2016 Families come in all shapes and sizes. Some couples decide to have lots of children, but other scenarios that create big families are also possible. You might share your house with several generations or have "yours, mine and ours" kids after a second marriage. Whatever the make up, big families require more cash than small ones, and budgeting, investing and savings can be a... Continue reading
Financial Tips for the Sandwich Generation

Financial Tips for the Sandwich Generation

If you feel pressured by supporting your aging parents on one side and nurturing your growing kids on the other, you aren't alone. According to the Pew Research Center, nearly half of all Americans between 40 and 50 years old — called the sandwich generation — provides financial assistance to both their children and their parents.  If you're part of this group, you face unique financial pressures... Continue reading

Child Care Costs vs. Income

The decision to work or stay at home with the kids has become increasingly complex for families due to the realities of today's economy. In some cases, the cost of child care not only outweighs the income provided by a second job, but it's also a household's largest single expense. It can cost the average family more than college tuition or even housing. Here's a look at the current state of... Continue reading