The Five Top Expenses for Young Families and How To Cut back

Young families have many obligations to fulfil, and the financial burden can sometimes feel overwhelming. It can be hard for a young couple raising a family to make ends meet month to month with the constant stream of expenses always coming in. With a limited disposable income that most young families have to live on,Continue Reading

How the rising cost of funerals can have an impact on your family finances

For young families, any unexpected large expense can be a costly and stressful situation. In the UK alone, it’s estimated that 2.5 million young families are struggling to keep up payments on their debt and making up for this by taking out more loans. This is only for short-term costs too and if you’re struggling to meet your monthly bills, what do you do when you’re hit with an unexpected financial setback? This can cover anything from major house and car repairs, to medical costs and funeral payments.Continue Reading

How to Improve Your Budget

Everyone who has been budgeting for a while knows that the perfect technique with budgeting isn’t developed over night. It’s more of a process than people often like to admit. Sure, budgeting may sound simple when we talk about it, but it’s much more complex. It’s not merely a step 1, step 2, and step 3. If budgeting were that simple, we’d all be set for retirement and not be struggling with money because that is what a perfect budget offers: flexibility to buy what you want and enough savings to live off of.Continue Reading

The Debt Problem: Your Financial Worries, and How to Fix Them

Everyone worries. Even the most optimistic person has worries — most likely that people think they’re too optimistic. If not careful, these worries can fill people’s heads, leaving little space to figure out how to correct their ongoing issues. You also have worries — mostly in the financial category. With a young family which seems to need more every week, your worries morph into apocalyptic scenarios where you’re all out on the street, or the bank is hammering a Foreclosure sign on your home, or one of your children needs emergency surgery or dental work. And when you review your checking account, you worry how you’ll ever get out of the mess you made when you started said young family, as now you’re in a bundle of debt.Continue Reading

Starting a Young Family: Are you ready?

Planning a family is exciting. Beside the actual, um, creation of the children, there’re thoughts about having a boy or girl, how you’ll educate them, what they’ll be when they grow up, and how they’ll provide for you when you’re old and grey. They’re great topics; however, in many cases they crowd out the most important question for you and your partner … Are you ready to start a family?Continue Reading

Be a financial hero for your family

Superheroes are cool. No matter how young or old your are, watching a movie or television show featuring your favorite character is still a thrill. Many of these heroes seem perfect to everyone, from their morals to the way they comb their hair. They don’t take out unneeded bank loans or sign up for credit cards. For if they did, their hero status could be tarnished.Continue Reading