Personal finance articles related to the delicate balance of money and relationships.
The idea of investing can be intimidating. Especially when you’re young, have little savings, and know nothing about the topic. My husband, Alan, and I started investing before we knew what we were doing. And before we were on solid financial ground. At first, it…
No one likes to waste money. When Alan and I were newly married, we thought renting was a waste of our money. And we didn’t have that much money, so, of course, we wanted to stop throwing it away! But our (misguided) beliefs on renting…
Living on one income isn’t right for every family. It’s a big decision that depends on finances, family dynamics, careers, and more. Initially, I didn’t plan to be a stay-at-home parent, or a parent at all, for that matter. But, sometimes, life has a way…
Our big spending season is here. According to the National Retail Federation, Americans will spend an average of $1,000 per household this holiday season. Yet before you head off to do your holiday shopping, consider what you and your loved ones will do with all…
Money affects many areas of our lives, including our relationships. And research shows couples that argue about money are more unhappy and likely to divorce. When I got engaged 25 years ago, I didn’t know the stats on money problems and divorce. If I had…
We’ve both practiced gratitude, yet it’s not as ingrained of a daily habit as either of us would like it to be. Still, we’ve witnessed how the practice of gratefulness has helped us and others in numerous ways so we continue to strive to do…
An outsider looking at our finances today may think my partner and I had it all figured out from the start. They may assume we knew what we wanted, set our goals, and reached them. But they’d be wrong. We’ve made money mistakes. And we’ve…
I’ve been a stay-at-home parent and spouse for two decades. I don’t regret a thing. But when I look back now, I can see the financial mistakes I made as a stay-at-home mom. Still, I had triumphs too! My hope is that sharing my mistakes…
While enjoying coffee with a friend, she told me that she was considering changing financial advisers. As we were talking it brought to mind many of the frustrations I had when managing a financial advisory business. It’s very hard to get clients and advisers on…
We all make mistakes, some big, some small. The good news is we can learn and recover from most if not all of them before it’s too late. When it comes to family, finances, and medical care in terms of estate planning, people make several…
Congratulations! Perhaps you’ve just become a new mother. Or maybe you’re just starting to get your finances in order. Either way, these are both important milestones that deserve recognition. As a parent, your number one priority is most likely saving for your kids’ future and…
Congratulations! You just got married! Maybe you even tied the knot without spending a fortune (now that is truly a feat). Regardless, you managed to get married in the middle of a global pandemic, so you deserve major kudos. Now what? As a newly-christened household,…
Financial education is essential and should start as early in life as possible. While the number of schools adding personal finance to their curricula continues to grow, many kids don’t get taught about managing money at school or home. What’s one way to help teach…
Parents and caregivers may wonder when to start teaching young kids about money. Although there is no “right” time, starting early makes the most sense! Even at two or three years of age, children can start learning about money through their everyday family activities. Going…
When Joan Rivers’ husband died unexpectedly in 1987, Joan not only lost her husband but her financial security too. To her surprise, she was left with $37 million in debt – something she knew nothing about. This just goes to show that even strong and…
“You’ll need $2.8 million to take care of your child for their life.” I’ve never heard a sentence more deafening than that. My husband and I sat there, staring blankly back at our financial advisor. I swear I could feel my heart slow, and my…
As a parent, we always want to do what’s best for our children. Paying for a college education is a difficult choice to make for several reasons. But, no one wants their kids to be weighed down with tens of thousands of dollars of student…
First comes love and then comes marriage, right? The idea of marrying for love is relatively new, despite what pop culture might have you believe. When it comes right down to it, getting married forms a legal contract. As such, there are financial pros and…
Although every relationship is different, all couples benefit from talking openly about handling finances in their partnership. Some couples decide to combine their finances. Others choose to keep their money separate. Both are healthy ways to manage money in a relationship – if you and…
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You’ve decided to sell your home and a friend or family member has expressed an interest in buying it. Even though it seems like a much simpler way to sell your house – remember that easier isn’t always better. There are plenty of advantages to…
As wedding traditions change and take on modern twists, so do wedding gift customs. You may have heard of the rule of thumb to give enough money to cover your dinner, but most couples don’t expect to have their wedding expenses reimbursed by guests, and…
Elder fraud is a large and growing problem, costing many seniors the savings they worked hard for in their younger years. Reports indicate older Americans lose anywhere between $2.9 to $36.5 billion each year. According to the U.S. Consumer Financial Protection Bureau, individual victims of…
Have you wanted to set up an allowance system for your kids but struggle with consistency? It’s so easy to forget to take out cash or to miss a weekly allowance. Or even mix up those money jars. Cash allowances can also be problematic when…
If I had more money, ____ wouldn’t be a problem. I work hard. I deserve that new _____. I’ll never be able to pay off this debt. I can’t earn enough to get ahead. I need X amount of money to have peace of mind….
Deciding where you’ll live is never an easy decision to make. Whether you’re graduating into an uncertain job market or feeling buried by debt, one choice more and more young people are considering is moving back home to their parents. While multigenerational living certainly isn’t…
Whether you’re already a stay-at-home parent, or considering the possibility, money is a primary concern. When deciding to have one parent stay home, your priority is figuring out how to live on less income. But you also need to understand that the parent who quits…