I've talked about budgeting before, but this time I want to focus more on making it a family affair. It's important to have a budget, but it's more important to make sure everyone is on board. It's also a way to get your kids involved and help them learn about money. Creating a family budget can be difficult, painful and annoying. It takes up time that you would rather spend … [Read more...]
How to Sabotage Your Financial Future
If you've been reading this blog over the last month, you know by now there are several things you should be doing if you want to one day have financial security for you and your family. In order to help reinforce those, let’s go over some habits you should not take up. If you recognize any of these in your own finances, get a plan going to counteract them. You’ll thank me … [Read more...]
Get on the Same Financial Page with Your Spouse
Finances is one of those things most couples prefer not to talk about. Rare is the finances convo that doesn't involve some sort of argument...or just silent rage. But if you haven't gotten on the same financial page with your spouse yet, now is the time. I know, I know. It's easier to just ignore it and hope your spouse will change without any collaboration or compromise, … [Read more...]
Combining Assets: Yay or Nay?
I got a question a few weeks back about what newlywed couples should do regarding their finances. What, if anything, should they combine? For a newly married couple, especially a young one, the idea of sharing someone else's money sounds kind of exciting, but then they get to the debt and...yeah. So what should you combine? The answer is...it depends. I'm very much a supporter … [Read more...]
5 Ways to Teach Your Children Financial Self Reliance
It seems as if there never was a time where our financial future were more uncertain. With politicians arguing about the lifespan of social security and consumer debt skyrocketing, it's scary to think about how our children and future children are going to fare financially. In this post, I have listed five things that my wife and I learned growing up that helped us learn … [Read more...]