Do you have a recent college graduate returning home this summer? If so, your adult child may need a reality check about money management. The next step after walking across that stage is full on adulthood, and it’s important to understand the financial basics. Here’s how you can support your adult child in developing good financial habits.
It’s summer, the days are longer, school is almost out, and that can only mean one thing: kids everywhere are about to complain of boredom while moms everywhere will be snacked to death. While camps and other activities can sometimes be costly, there’s no need to break the bank to entertain your kids (and yourselves!) this summer. There are plenty of low- and no-cost activities available across the country.
A recent study by the Transamerica Center for Retirement Studies highlights some sobering facts about women and retirement. While women generally live longer than men, the average woman only has $34,000 in retirement savings, and most women don't have a backup plan for retirement.
Military families move all the time, but to prepare for a life of moves, you need to know what to expect both before and after a move. That means asking a lot of questions and doing some research. Know the costs involved, make a PCS (Permanent Change of Station) plan, and set aside funds specifically ear-marked as a PCS fund.
The following tips can help you plan financially for your next move.
The loss of a military spouse's employment is frequently part of the PCS (Permanent Change of Station) reality. Many military spouses report that they lose significant family income when moving from state to state. Finding a job in a new state can be a challenge, especially if there are state-specific licensing and certification requirements. Fortunately, there are a few resources out there for spouses who are moving.