The first step in dealing with any financial setback is to assess the situation. Take stock of your current financial standing, including your income, expenses, debts, and savings. In some cases, it is easy to see why the setback occurred but sometimes setbacks can occur through a series of subtle events.
Life changes a lot as we grow older, including how much money we spend and how we spend it. There are a lot of new expenses that come with age and these costs can be overwhelming if they creep up unexpectedly.
It’s called the “Sandwich Generation.” And it has nothing to do with anyone’s eating habits. Instead, the phrase refers to adults who are caring for aging parents at the same time they’re raising children.
Graduating from college brings numerous job opportunities and opens doors to the rest of your life. But with all of that, your degree also brings costly student loans.
Graduating can have many next steps – Planning for more schooling, starting a new job, or maybe a year of exploring. No matter what you plan to do, this is the perfect time to begin laying the groundwork for your financial future.
Passing down generational wealth can set up your younger family members for success. When you’re leaving behind your financial legacy, you want to do it intentionally so your loved ones receive the most they can. Here are some initial steps to consider while managing generational wealth.
