How many bank accounts does your family have? HINT: If you’re working towards creating that solid foundation to build wealth, you will definitely need more than 1. Multiple bank accounts are needed because each bank account serves a different purpose. Having everything in one account can cause money chaos and could lead to coming up…
When there is a reduction in income whether it is due to a job loss or reduction in hours, it can really take a toll on the family. Before we get into the financial aspect let’s consider the emotional and psychological impact job loss can have. Now is NOT the time to shy away from…
The short and long answer is YES. You may be thinking why would I run my household like a business? It’s simple, businesses are organized and operate as 1 unit. They are cohesive and everyone within the business is working towards one goal, helping the business to win. Like businesses, households can fall apart…
Financial Literacy starts at home. Gone are the days of one person handling and knowing about the family finances. It is OUR responsibility to make sure that the WHOLE family knows about personal finance, children included. Think about it, they encounter financial decisions very early. Think of all the times you’ve been at the store…
Family Legacy – What Is Your Goal?
What does family legacy mean to you? It is defined as something that is handed down through the family from previous generations to keep the family traditions alive and help move the family forward. There are different types of legacy including monetary, reputation, accomplishments, beliefs, and actions just to name a few. Have you started…
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