family finances

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A bleak household financial picture

Jun 11, 2012
The financial toll on families from the dreadful economy of recent years is enormous.
Posted In: debt, Savings, net worth, family finances, student loans

Letters: Real estate entaglements with family members

Jun 1, 2012
Tess is joined by senior producer Paddy Hirsch and credit expert Liz Weston to talk about credit utilization, bankruptcy amongst seniors, and the down side of buying real estate for your kids.
Posted In: liz weston, bankruptcy, family finances, real estate, kids and investing, letters, credit scoreCh

Kids and investing: A good idea

May 29, 2012
My 11-year-old son won some money in a math contest at school. He doesn't have anything that he is interested in spending his money on immediately, and I suggested that instead of spending it just for the sake of spending it, he might consider buying stocks and building a little portfolio. He seemed interested in this idea, but I wasn't sure where he should start. He has around $150. Can you help us decide where to start? Thanks! Michelle, South Jordan, UT
Posted In: Kids and money, kids and investing, Investing, family finances

Getting back to our old (good) credit score

May 23, 2012
My husband and I gave our daughter $40,000 for a down payment on a condo. She defaulted on the loan and went into foreclosure. Consequently, our credit score has tanked. How can we get our old great credit back? Nobody cares that we were not the ones who defaulted. Please help. Cathy, Redmond, OR
Posted In: credit score, credit report, Credit Cards, family finances

Family health-care costs breach $20,000

May 21, 2012
For the first time, the total bill for the typical family of four with an employer-sponsored health-care plan (a preferred provider plan with co-pays and deductibles) breached $20,000 in 2012.
Posted In: health care insurance, medical expenses, family finances

Emergency Fund 101

May 21, 2012
How do you recommend investing funds in an emergency savings account? Peter, Cherry Hill, NJ
Posted In: emergency savings, Savings, family finances, budget

Resisting the iPhone, at all costs

Apr 27, 2012
Commentator Tim Bedore's 14-year-old daughter is lobbying ferociously for an iPhone.
Posted In: iPhone, family finances, technology

Experiment before picking up stakes

Apr 17, 2012
I'll be retiring in a few months and my husband is already retired. We are thinking of selling our home in Florida and moving to California to be closer to our children and grandchildren, who live in Los Angeles. Another option might be to keep the house in Florida, buy an RV and camp out in an RV park in California until we wear out our welcome. What are some of the pitfalls that we should try to avoid? Nancy, Milton, FL
Posted In: Retirement, retirement savings, move, rent, family finances

The challenges of earning more than your man

Apr 6, 2012
Women find themselves faced with heavy choices when they become the family breadwinner.
Posted In: men v. women, women, men, family finances

New baby, college savings and student loans

Feb 15, 2012
My husband and I recently had our first child. We are considering opening a 529 plan for him, but between the two of us, we still have about $15,000 in college loan debt. Our student loans are locked in at a low interest rate (around 3 percent). On the one hand, we know that money invested in a 529 plan now will earn more over time than money invested later. On the other hand, it seems kind of odd to start saving for his college when we haven't finished paying for our own. Does it make more sense financially to open a 529 plan for him now, or to put the money we would have put into it toward paying off our own student loans first? Carol, Athens, GA
Posted In: family finances, 529 college savings plan, Savings, student loans

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