Should I Give Money To My Adult Child?

When I work with clients who give money to their adult children, I am always curious why. Since preparing a comprehensive budget is part of the counseling process, the topic often comes up. The adult child may still be living at home or recently returned to the parents’ household. Or, parents may be giving money…
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How To Be Financially Stable

According to the Federal Reserve, the average household carries about $7,149 of debt. However, that takes into account those who carry no debt. So if you look at the 39% of Americans that carry debt month to month on credit cards, the average debt jumps to over $15,000. A huge chunk of us have spent…
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Avoiding Beneficiary Horror Stories

One of our blog readers wanted to know about beneficiary horror stories. I’m not sure why, but in thinking about it I realized it’s a great way to show the ugly side of failing to update your forms. Sure, I can tell you how important it is, but what motivation would you have? Instead, here…
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Back To School…ready Or Not, Here It Comes

Even though it is only July, all the stores and Sunday ads are buzzing about “Back to School”. At this time last year I was preparing to send my oldest daughter off to Kindergarten. It was my first time through the school shopping process and I learned a lot. I was so wrapped up in…
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Can You Afford To Be A Stay At Home Parent?—3 Simple Questions

Bottom line: I love working. I love the social aspect of work, climbing the professional ladder, and of course making money. Being a stay at home parent never once crossed my mine. Never. Ever. When I got pregnant with my first son, I had every intention of coming back to work full-time. That was until…
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