Home Office Upgrades That Will Save You Money

Date: May 18, 2017 Working from home has become increasingly popular within a wide variety of industries, aside from small business entrepreneurs and freelancers. In fact, the telecommuting trend grew over six percent in 2016 alone! Over 3 million employees now spend more than half their time working from home offices. If you’re one of them, it makes sense to take a look at your work space,... 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

When Should Your Child Start Using a Credit Card?

Date: May 17, 2017 Ask a random sample of people about credit cards and you'll probably hear a range of answers — from how dangerous they can be for accumulating debt to how fantastic they are for racking up rewards or providing access to cash in an emergency. So it's no surprise there's debate over when parents should allow their children to start using credit cards. Knowing the pros and cons of... Continue reading

Seasonal Savings Plans

Date: June 10, 2016 When you hear the term "seasonal savings plan," you probably think of a special account used to put away funds for the December holiday season. That’s true, but seasonal savings plans can also help fund vacations, home renovations and even a down payment on a car. Some banks offer specific accounts geared for summer or winter savings, but it can also be just as easy to open a... Continue reading

Budgeting After an Unexpected Loss of Income

Panic is a natural reaction when your income ceases or drops drastically, through illness, job termination or any other event that results in less income. Responding quickly is not only essential to make the most of your remaining resources, but it also gives back control at a time when you may feel you have none. A focused, methodical budget plan takes the pressure off as you get over the... Continue reading

Children and Finance: The Pros and Cons of Giving Allowance

Date: May 20, 2016 Your children learn early that things have a monetary value. Giving them allowances is a common way to help kids learn money skills, but some children respond better than others. Matching a successful allowance strategy to fit your child can be a challenge. To Give an Allowance or Not Giving your child an allowance permits the opportunity to: Practice basic math skills. Learn... Continue reading

Second-Marriage Money Mistakes

Date: May 15, 2017 Money problems are a major contributing factor in many divorces. With second marriages, money issues can be even more problematic, as there are often leftover financial obligations from your first marriage. Discussing finances upfront can help prevent money from becoming a huge issue in second marriages. Failing to Update Beneficiaries Legal issues regarding finances can get... Continue reading

Does Merging Finances Include Debt?

=   "Merging finances" is one of those generic terms that mean different things to different people. Does it mean merging debt? It can, but no law says it has to. In fact, experts recommend that you think long and hard before you take on the separate debt of your partner or spouse. Money Issues Can Cause Stress in Relationships If you're concerned about money and how your finances will work when... Continue reading

Is A Reverse Mortgage a Good Idea for Retirement Income?

You can use the "equity" or value of your home to build wealth, generate income or protect your nest egg by renting, selling or refinancing your residence. But, these options usually require you either to move out or increase your loan payments. With a reverse mortgage, you keep your home, forgo mortgage payments and even take out cash, but you'll have to wait until you're at least 62 to make... Continue reading

Financial Planning Post-Divorce

One of the important gains in every divorce settlement is the right to manage your own finances. If you were involved in organizing the budget during your marriage, you may feel relief at flying solo financially; if you were not, you may feel fear and insecurity. Either way, taking total charge of your financial future is both challenging and empowering. Here are a few tips to get you started... Continue reading