The Challenges Of Passing Down Family Wealth

Passing down family wealth poses many significant challenges, but it can be done successfully if proper planning and communication are established from the outset. As one generation hands over assets to another, conflicts may arise around issues of inheritance, succession, and tax planning. However, by understanding each member’s perspectives and setting clear expectations, families can … Read more

How To Involve Kids In Family Budget Planning

As parents, we often struggle with finding ways to teach our kids important life skills like managing money. Involving children in family budget planning is one such way that can help them learn about financial responsibility at a young age. Here are some benefits of involving your children in the process: Involving children in family … Read more

The Changing Role of Wealth for Millennials

The way money is handled and passed down has seen significant social changes over the past few generations, reflecting broader shifts in values, technology, and economic landscapes. Traditionally, wealth transfer was straightforward, often staying within the family through inheritances and estates. However, recent generations have witnessed a shift towards more diverse and complex methods of … Read more

Financial Wellness for Single Parents

Portrait of happy African-American father playing with two cute daughters and using laptop, copy space

As a single parent, I often compare my financial journey to a solo climb up a mountain. The path is treacherous, with falling rocks in the form of unexpected expenses, and steep climbs of emotional trials and tribulations. But just as any seasoned mountaineer will tell you, it’s all about the right preparation, the correct … Read more

Constructive Financial Conversations with Your Partner

Couple in love playing online games on television using wireless controller.

Money matters are often a touchy subject in relationships, and for good reason. Disagreements over finances are a common source of conflict among couples. Whether it’s differing views on spending habits, hidden debts, or uncertainty over joint versus separate accounts, money issues can trigger intense emotions and strain relationships. However, these challenges do not mean … Read more

Establishing Boundaries & Trust for financial solidarity

Establishing boundaries and trust are essential for financial solidarity within a relationship. We will explore the importance of setting financial goals, communicating openly about money matters, and establishing mutual respect to build a strong foundation for financial stability. The first step towards financial solidarity is setting clear and achievable financial goals. This could include anything … Read more

How gambling addiction affects family dynamics

Gambling addiction is a serious issue that affects not only the individual suffering from it but also has profound consequences on their families. The ripple effect of gambling addiction can cause emotional, financial, and relationship stress within a family unit, impacting everyone’s wellbeing. We will these aspects and provide some insights into how to tackle … Read more

How Money Effects Polyamorous Relationships

Money is an essential part of our daily lives, and it can also play a significant role in polyamorous relationships. In fact, finances are often cited as one of the biggest challenges faced by people in non-monogamous relationships. Whether you’re managing shared expenses or navigating individual financial situations, there are several ways that money can … Read more

Predatory Fees Prey on the Incarcerated and Their Families

In today’s digital era, where a call or message to a loved one is just a tap away, it’s a harsh reality that for families of the incarcerated, staying connected is a luxury they often can’t afford. Behind the cold walls of correctional facilities, a predatory system thrives, turning basic communication into a financial nightmare. … Read more

Managing Money in Multi-Partner Relationships

Navigating the intricate dynamics of polyamory extends beyond the emotional and relational realms – it also encompasses the practical, particularly in the realm of finance. Managing money in multi-partner relationships offers a unique set of challenges and opportunities, requiring a level of transparency, communication, and flexibility that may not be as pronounced in monogamous setups. … Read more

The Heart of Money: An Insight into Behavioral Economics

Behavioral economics is like the vibrant underpainting of a traditional economic canvas. It adds depth and color to the otherwise black-and-white world of traditional economics, painting a more holistic and realistic picture of how we make financial decisions. Simply put, behavioral economics is the study of psychology as it relates to the economic decision-making processes … Read more