Back in the good old days, it was common for several generations to live under one roof. In recent years, multigenerational living has made a big comeback, and with it more innovative housing choices. In fact, one in five American households are comprised of adults from different generations such as parents and their adult children, or grandparents, parents and children, according to census data.
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Having Tough Money Talks With Loved Ones
By Lynnette Khalfani-Cox, The Money Coach®
No matter how tight a bond you may have with your loved ones, it can still be challenging to talk to them about sensitive financial topics. After all, money is often regarded as a taboo subject. Even worse: disagreements about financial matters can potentially strain your closest relationships.
Family Loans: To Sign or Not to Sign?
By Lynnette Khalfani-Cox, The Money Coach®
A few years ago, the Federal Reserve Board Survey of Consumer Finances pegged the amount of loans between family and friends at a staggering $89 billion annually in the United States.
More recent research, however, puts family and friend borrowing at twice that level. Continue reading
The Importance of Having a Will — a Personal Tale from The Money Coach
By Lynnette Khalfani-Cox, The Money Coach®
I grew up in a household of five girls in Los Angeles, where each of us had nicknames and reputations within the family and among our friends. The five of us were all one or two years apart: Cheryl was the oldest; then Deborah; next was Denise; then came me; and my youngest sister, Hope, was the baby of the family. My older sister, Debby, was known as the Goody Two Shoes of the family.
Infographic: 5 Tips to Find the Safest Car for Your Family
If you’re shopping for a new family car, the experts provide guidelines to find one that will fit your family and your budget.
