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.
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
Not long ago, I was invited to speak—virtually—to an audience that you wouldn’t normally think of when you think about aging: young professionals. And yet this group, just beginning the arc of their careers, turns out to be incredibly thoughtful and curious about what awaits them at the end of their careers, as well as
Back-to-school shopping can get expensive fast. On one hand, you think you’re just buying pens, pencils, and notebooks, but everything adds up. Clothes can also be pricey even with the sales and discounts especially if you’re purchasing a whole new fall wardrobe. For parents who wind up spending a few hundred dollars each year during
Our financial decision-making abilities peak in our 50s and can decline pretty rapidly after age 70, researchers tell us. That’s how otherwise smart older people fall for sweepstakes frauds, Nigerian investment schemes and the grandparent scam, where con artists pretend to be grandchildren in a financial jam. But few people want to hear that they’re