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Family Finances

Will Your Kids Inherit Your Debt?

By Jason Alderman Many people finally get around to writing a will in order to safeguard their assets for their heirs. But what if you’ve got the opposite problem: Your nest egg was decimated by the recession, bad investments, or simply living longer than expected and now you’ve got a mountain of bills you can’t pay off. Will your kids inherit your debts after you die? The short answer is, …Read More

What To Do If You Inherit Someone’s 401(k)

By Jason Alderman Talk about good news wrapped in bad: In the midst of grieving the loss of a loved one, you learn that you were named beneficiary of their 401(k) plan or IRA. Chances are you’ve got too much on your mind to make any sudden decisions about what to do with the money. That’s a good thing – better to research your options first. However, don’t procrastinate too …Read More

When to Say No: A Parent’s Guide
to Giving Adult Children Money

By Barb Miller When I work with clients who give money to their adult children I am always curious why. Since preparing a comprehensive budget is part of the counseling process, the topic often comes up. The adult child may still be living at home, or recently returned to the parents’ household. Or, parents may be giving money to an adult child that lives on his/her own. Often what I …Read More

Money Styles for Couples

By Jana Castanon Finances are a hot topic for any couple, and one that must be discussed prior to making a permanent commitment to each other. There are three basic money management styles that a couple could choose – they could combine all their resources into joint accounts, have completely separate accounts, or a combination of the two. There’s isn’t one right way to do it. It depends on personalities, upbringing, and values. …Read More

Divorce and Debts: A Ticking Time Bomb?

By Barb Miller As we all know, financial problems and stress often lead to relationship problems. Sometimes, couples are able to work through issues together, and sometimes they are not. If they can’t, the couple may be headed for divorce court. In a divorce, a judge will typically divide the assets and debts incurred during a marriage. Or, couples may arrive at an agreement over property matters that are formalized …Read More

Is a Secured Credit Card a Good Solution for You?

By Jana Castanon – NEW BLOGGER! With today’s difficult economy and with life events such as divorce and catastrophic health issues, many people have not been able to keep their finances afloat and as a result their credit scores reflect their struggles. Combine their poor credit history with our economy’s increasing reliance to transact business with plastic cards, those that are struggling with their finances feel like they are really …Read More

Why You Need a Social Media Will

 By Jason Alderman By most estimates, over half of adult Americans haven’t written a will stating how their assets should be distributed after death. Fewer still have bothered to appoint someone to make financial and health care decisions on their behalf should they become incapacitated. And now we can add another necessary, but probably overlooked legal document: a social media will. That’s right – in this age of email, password-protected …Read More

Why You Need a Social Media Will

 By Jason Alderman By most estimates, over half of adult Americans haven’t written a will stating how their assets should be distributed after death. Fewer still have bothered to appoint someone to make financial and health care decisions on their behalf should they become incapacitated. And now we can add another necessary, but probably overlooked legal document: a social media will. That’s right – in this age of email, password-protected …Read More

Cool Tips For Summer Fun That Don’t Break The Bank

By Gail Cunningham When school let’s out every summer, the thoughts of children and families across the nation turn to fun-filled summer days. But rather than letting summer break the bank,  inexpensive activities can pass the sunny days with the children without missing a beat. Visit the local library. Most local libraries provide regular storytelling programs that provide an air-conditioned break that keeps even the youngest and oldest reader’s learning skills sharp. …Read More