Couples and Families

Following early adulthood, most people enter domestic partnerships and start having children. This stage of life, lasting until retirement, can come with several significant financial milestones, for instance buying a first home or planning for retirement. With kids, there are other things to consider, such as how you will teach them about money and spending and whether or not they should have an allowance. Most parents also save to try to help their children with their future education. In addition, parents may have their own retirement savings to worry about. All of these considerations make this an opportune time to make good financial decisions; however, making good financial decisions requires reliable information.

You may have a lot of questions. For instance, how do you know if you’re ready to buy a home? Can you afford to be self-employed? If you can’t afford both, should you save for retirement or save for your child’s education? Figuring out the answers to these questions will require you to make a monthly budget to track your income and spending if you’re not already doing so. In order to plan for the future, you need to know the details.