Stay at home moms have a lot on their plate. Between watching the kids and running their households, busy moms don’t have a lot of free time on their hands. So, the idea of commuting to school to take a few classes just seems out of reach. Attending college in person can be expensive, so […]
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Watching your parents become older can be extremely difficult. Your parents likely spent years caring for you. As your parents age, there may be a point where they can no longer manage their financial obligations. With early communication and planning, you can learn how to legally take over your parents’ finances. The Challenges of Managing
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It’s no secret that money remains a leading cause of relationship discord and divorce. Money can feel shameful, stigmatized, even taboo. If you don’t know how to talk money with your partner constructively (or at all), you’re certainly not alone. But the extent of the problem may surprise you. Nationwide, nearly 66% of couples feel
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Whether you’re saving for your own education or your children’s, you’ve probably run into 529 plans. Many tout these state-sponsored, tax-advantaged accounts as one of the best ways to stash cash for your family’s educational future. But you might be shocked to learn that these specialty plans don’t have the best track record. What are
529 Plans: your Chronic Portfolio Underperformers if You’re not Careful Read More »
Money problems remain a leading cause of divorce in America. And yet, too many couples neglect to have the “tough talks” before tying the knot. If you don’t talk about money, you can’t know if you share the same goals, values, or ability to compromise. And you don’t have to have all the big money
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Hey there, proud parent! If you’re dreaming of a future where your little bundle of joy is not only a smarty-pants but also financially savvy, you’re in the right spot. Let’s talk investing for kids and how to get them started on investing in their financial future (pun intended!). Can a Minor Have a Brokerage
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In a world where toddlers are tech-savvy and teens can learn just about anything YouTube, giving kids exposure to the stock market can help them learn about investing. Or you might be looking to take advantage of compounding effects and buy stocks for a minor that is under 18. Maybe your child has a little
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For families, navigating finances can seem like braving uncharted territory with tempestuous waves of bills, mortgages, and unexpected costs. It’s a bit like assembling an IKEA shelf with a missing manual and screws. This comprehensive guide is your North Star, helping you chart your course and start you on the way. We’ll link to other
Financial Freedom for Families: The Ultimate Guide Read More »
In a materialistic and consumerist world, it would be difficult to teach kids discipline in finance if you continue to grapple with your own financial behavior. Did you know that over 44% of Americans do not have a $400 safety net net to help them ride safely through an emergency? Clearly, there is something wrong
Teach Them Young – Introducing Your Kids To Financial Discipline Read More »
Financial independence often brings to mind early retirement, traveling around the world, and lounging on the beach. For us at FamilyFI, financial independence equals – Security Confidence Freedom and Ownership of time Autonomy Choices Minimal Money Stress On all of these counts there’s a spectrum. Maybe you can choose what to do with your time,
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Expat Living Living in 5 countries, including some of the most expensive cities in the world, can really mess with your mental money framework. In Hong Kong, expats barely bat an eye at spending a few thousand dollars on rent (for a 650 square foot apartment). My ex-coworker spent $10,000 (USD) on an apartment per
Family Living Costs In 5 Major Cities Around The World Read More »
My immigrant family was, ever resourceful, ever willing to skimp to save money. These were the habits that formed the basis of my adult spending habits, always looking for the best deals and ways to make more money. This Is How We Do It (this is how we dooiiiit) Never Buy Drinks – Drinks have
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