If you are struggling to get out of debt, should you reveal your debt to your family and friends, or keep it on the down low?
I‘ve been reading a lot of discussion lately surrounding the topic of having kids, and whether a couple should wait to have children until they get out of debt. I thought it was an interesting debate as just about everyone has a different take on the topic. A recent poll on BabyCenter.com asked, “ Should […]
For some reason, most people in this culture find it extremely difficult to talk about their finances, even with a spouse. Here are some ways to make it easier.
Three words come to mind to answer this dreaded question: Don’t Do It. Most financial experts would tell you to avoid lending to family altogether, and I would agree for the most part. However, before you simply write off that next relative who asks for cash, you might help them by having a few of […]
Singles finance and family finance differ quite a bit. I’ve learned that well over the past 5 1/2 years (our oldest child is now 5 1/2). My personal experience has shown there are more spending pressures and overall expenses when you have a young family. Examples include birthday parties, swim lessons, dance lessons, clothes, toys, […]
Just over one week ago we had our first child, little Carter John. Ever since the day he was born, we have been focusing only on the baby – feeding him, changing his diapers, getting used to his schedule – and trying to stay sane. One thing we’ve learned in the past week is just […]
This week is quickly turning into babies and family week. I’m sorry but I just can’t help myself, I’ve got nothing else on my mind lately, understandably. By this time next week I’ll be changing diapers and staying up nights with our new son. One topic that has been close to our hearts these past […]
You might be surprised by my response to this question. But in general, I don’t think you should plan having children around your finances or financial situation. In other words, I do not think finances have to be in order to have children. Now I know there are some exceptions in which a child couldn’t […]
This is an article by Neal Frankle. Neal found himself in a financially fragile situation at the age of 17. Both his parents passed away while he was still in high school, leaving behind a small insurance settlement. Neal sought out a financial advisor to help him invest his nest egg so that it would […]
I just found out a short while ago that my grandmother, Katherine Holmes, passed away this afternoon. It hasn’t really even begun to sink in yet, but she will be greatly missed. She was one of the most kind, caring and loving people I have ever been privileged to know. She was the epitome of […]
In reading a post today over at Prime Time Money, I began to think about this question; “Do you talk to your extended family about money? Is it a good thing to share your financial situation with others, and if you do, what complications does it bring up? My wife and I have been very […]