ProfMoneyWise
Member
mistakes-young-families-make: Personal Finance News from Yahoo! Finance
It's one thing for husbands and wives to spend freely when they have relatively few responsibilities. But add a small bundle of joy to the equation, and everything changes. In addition to the rent (or mortgage) and car payments, parents must worry about ballet lessons, soccer cleats and, oh yeah, college. It's enough to keep people up at night.
Mistakes are inevitable. The good news is that it's almost never too late to get back on track. Here are six of the most common financial errors that young families make. In this case, forewarned is forearmed: Avoid these mistakes now, and you'll be way ahead of the game later on.
(Click on link above for the rest of this excellent article. I do not agree with getting a Home Equity Loan for the last item or borrowing money for a car but overall it has good advice)
It's one thing for husbands and wives to spend freely when they have relatively few responsibilities. But add a small bundle of joy to the equation, and everything changes. In addition to the rent (or mortgage) and car payments, parents must worry about ballet lessons, soccer cleats and, oh yeah, college. It's enough to keep people up at night.
Mistakes are inevitable. The good news is that it's almost never too late to get back on track. Here are six of the most common financial errors that young families make. In this case, forewarned is forearmed: Avoid these mistakes now, and you'll be way ahead of the game later on.
(Click on link above for the rest of this excellent article. I do not agree with getting a Home Equity Loan for the last item or borrowing money for a car but overall it has good advice)
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