It goes without saying, but having a baby isn’t cheap — a fact that often blindsides new parents. “New parents don’t have a lot of extra money, and having a baby is a lot more expensive than they think it would be,” says Ellie Kay, a Parents advisor for the Mom Money Clinic and a
Monkey Business Images/Shutterstock.com Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective. Anna Baluch’s parents taught her money lessons as a child that she still uses today.
As parents, we’re wired to want to do what’s best for our kids, and it’s not unusual for parents to make sacrifices in an effort to give their children a better life. But some parents might be taking that notion to an unhealthy extreme. An estimated 31% of parents with children currently in college or
For aging parents who had a measure of financial success, real estate investments are not unusual. Their portfolios can include single-family rental homes, apartment buildings or commercial entities. When they were younger, many of these seniors took pride in managing these investments themselves. But time can take its toll. We are seeing age-related problems eroding
Photocredit: Getty Last year was a busy year for divorce attorneys. Changes in the tax laws precipitated a flurry of year-end activity with people trying to finalize their divorces by December 31 before the tax law changes took effect on January 1, 2019. Under the new tax laws, alimony is no longer deductible by the
Did you know the average cost of a family summer vacation is upwards of $1,600? What’s more, families said they expected to spend almost $600 on Thanksgiving travel alone in 2014. Traveling as a family can be expensive, but you don’t need to break the bank just to take some (much-needed) time away with your kids. From taking