Family Finances

Are you in the sandwich generation? Those in the sandwich generation are caring for their own children while also assisting aging parents. This can be a financial stress on you, so it’s important that you figure out a plan that helps both your parents and yourself.

Getting a divorce can significantly change your financial situation, and once you are divorced, you’ll need to reassess your finances. When you are ready, there are a few things you can do to move forward financially.

How do I have a pre-marriage family finance discussion? Which financial decisions should newlyweds make? We’re having a baby! What’s the first thing we should do? What option do I have for paying for my kid’s college? How should I handle my personal finances after a divorce?

Life changes, such as marriage, divorce, and birth of a child, bring about decisions that must be made regarding family finances. Here’s a glossary of the most common family finance terms.

As fast as children grow, so does the cost to educate them which has more than tripled in the past 20 years. Whether you have 18 years to prepare or your son or daughter is packing right now, you’ll have to decide how to foot the bill.

Have you found your perfect life partner? Before you walk down the aisle and commit to spending the rest of your lives together, you need to discuss how you will be spending your money as husband and wife.

Credit is getting more difficult to obtain, so don’t be surprised if a friend or family member springs that frightful question: “Can I borrow some money?”

Eating out at a favorite restaurant is a traditional activity for families everywhere. It’s also one of the first areas discussed when it comes time to tighten the budget – and one of the first to get the proverbial axe.

If you or a family member has been prescribed medications that you pay for out-of-pocket, MMI offers some suggestions to help make them more affordable.