Parents spend more than $500 billion annually assisting young adults with student loans, housing, groceries, car payments, cell phone bills, and other expenses, according to a recent Merrill study. For many families, that largesse is in the form of a gift, but some parents may call it a loan and treat the transaction as a
It’s a fairly well-known fact that money can be one of the biggest sources of strife in a relationship. In fact, according to a survey of professional certified divorce financial analysts, it’s the third leading cause of divorce in North America (behind basic incompatibility and infidelity, respectively). Summer is the most popular season to get
When my sons were in elementary school, I wanted to make sure they nailed three basic money lessons: saving, spending, and sharing. As an adult, the art of managing money isn’t much different from the piggy-bank lessons we teach our children. If we can get these three things right, we can master our finances. 1.
An enviously money-savvy friend once told me: If you’re in debt or want to know how to save money, the most important thing is to be honest with yourself about your needs. Maybe your monthly budget absolutely must include sheet masks or weed. Maybe you would *literally die* without an afternoon coffee, or perhaps your