If you, your partner or your family want – or need – to get out of town right now, how do you improvise a great last-minute trip without breaking the bank? Planning is essential. Embrace travel as a hobby – look for tricks, techniques and current online resources to keep abreast of the best last-minute deals. Compromises will be necessary.
Should a dream wedding mean delaying a down payment on a home? That’s a trade-off many couples make these days. The Knot, a wedding planning and publishing company, recently released its Real Weddings Study of average wedding costs for 2014, announcing a national average price tag of $31,213 (not including the honeymoon). Considering that the average price of a new home in America is now $200,000, that wedding estimate would cover the majority of a 20 percent down payment.
A young adult’s first months out of college are about personal freedom and finding one’s path as an adult. Building solid money habits is a big part of that. Most grads are managing money alone for the first time – finding work, places to live and if they’re in the majority, figuring out how to pay off college loans. For many, these are daunting challenges.
Retirement planning can face derailment after a divorce. Married, two-income couples have the advantage of splitting living expenses and pooling all their investment assets, including retirement accounts. Once the marriage is over, costs for separate households may limit the ability of ex-spouses to keep their retirement on track. After a divorce, individuals generally walk away with a share of joint retirement assets based on how they negotiate that split.
Premium food, state-of-the-art veterinary care and creature comforts most humans would envy are now a regular part of life for many American pets. That’s why prospective pet owners should consider financial planning before bringing home a dog, cat or other breed of animal. For those considering purchasing or adopting a pet, do thorough research first about what owning that animal will cost. The wide range of products, services and advanced medical options for American pets have pushed U.S.
If your loved one died leaving significant debt behind, would you know what to do? It’s a worrisome question for everyone. Young or old, based on particular debt circumstances or geographic location, death with debt can provide significant problems for surviving family members. Depending on state law and the specific credit relationships involved, they might be shocked to learn that they could be legally liable for a deceased relative’s outstanding debt – anything from unpaid mortgage balances and medical debt to unpaid credit card balances. Spouses who may share any kind of debt j
Family vacations produce memories for a lifetime, but they can also teach kids great money lessons they’ll need as adults. Involving kids in planning family vacations not only helps them appreciate the overall benefits of travel, but offers an opportunity for even the youngest kids to learn lessons about budgeting, saving and essential money management they will encounter every day. If you have trouble tearing your kids away from their smartphones, you might be in luck. The technology kids use can be very effective in budgeting, pricing and planning travel.
Imagine renting a home on a beautiful beachfront from a trusted website, arriving to start your vacation and finding out you’ve been scammed? This scenario reflects thousands of complaints placed with the U.S. Federal Trade Commission last year involving local vacation rentals. The FTC reports some victims lost money by wiring cash to thieves posing as property owners. Others lost money through fake websites replicating legitimate sites. In today’s economy in which home sharing has become more popular, how do travelers protect themselves from a range of potential online scams?
What if a sudden, debilitating illness, fraud or economic downturn affected your senior family member’s retirement, estate or long-term care issues? Would you be prepared to take over? If the answer is no, you’re not alone. According to 2013 research from the Pew Research Center, four in 10 U.S. adults are caring for a loved one with significant health issues. Don’t wait for a crisis to initiate this conversation. Starting early can help you plan and even safeguard your own career and retirement planning.
Many grandparents go above and beyond to offer financial help to adult children and grandchildren.