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Mixing Family and Finances

Posted in: Money Management

Mixing family and finances can lead to delicate situations. Whether you’re seeking help or willing to assist a loved one in need, it’s important to take steps to preserve your relationships before money switches hands.

In this educational series, we’ll tackle some of the tough financial situations that loved ones face. We’ll equip you with the tools and knowledge to overcome difficulties and improve your financial well-being.

  • Helping Loved Ones with Money Problems – Financial struggles hit most families at one time or another. We’ll discuss some common guidelines on how to approach and assist loved ones who are experiencing tough times.
  • Borrowing Money from Friends and Family – Borrowing money from loved ones can be tricky. We’ll discuss do’s and don’ts that can help you keep close relationships intact throughout the lending process.
  • Understanding the Consequences of Co-signing – To co-sign or not to co-sign? We’ll explain potential outcomes that all co-signers need to be aware of before signing on the dotted line.
  • Dealing with Boomerang Children – The Great Recession has led to a surge of boomerang children – those who leave home for college yet return to their parents upon graduating. We’ll offer tips to help both generations deal with the financial impact productively.
  • Teaching Kids about Money – Financial savvy starts at a young age. The sooner you prepare your children for personal finance in the “real world,” the better off they will be. We have specific tips and financial exercises to help you get started.