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Category: Family Finances

Closing the Loop on a Travel Insurance Adventure

Earlier this year, I wrote about our family’s experience with travel insurance. We took a long-delayed, much-anticipated vacation to Paris and had a truly wonderful seven days exploring the city, enjoying the museums and
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How Your Spending May Save Your Retirement

Do you really need to replace your entire current income to live comfortably in retirement? Here's why the answer is probably "no."
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When Helping (Adult Children Financially) Hurts

Many parents provide financial help to their adult children. Unfortunately, that aid often works against the long-term interest of the children — and the parents too.
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Money Lessons From Mom and Dad

Even if parents never teach their kids overt lessons about finances, how mom and dad use their money will speak volumes.
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Helping Your Kids Find Their Way

Learn about two resources that can help teenagers make good decisions about choosing a career field.
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When Inflation Hits Home

The mayor of my city sent me a letter last week. Well, actually, he sent it to all homeowners and residents. He informed us that the city council just voted to raise taxes. The move is necessary, he said, because the
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Next-Gen Investors and the Opportunity of a Down Market

If you’ve been reading SMI content for a while, you’ve heard certain messages time and time again. Have a plan. Stay with your plan. The market moves in cycles. Time in the market trumps market timing. And on and on. But
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Toy Fire Trucks and the Financial Journey

With our oldest planning to head off to college in the fall, I’ve been in an especially nostalgic mood lately. I’ve been lingering a little longer when Facebook sends me photographic “memories” of past family trips and
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Living With the End in Mind

I don’t mean to get all morbid on you, but I’ve been thinking a lot about death lately. Over the Christmas break, I attended five visitations on behalf of our church. Then we got the tragic news that the dad in a family we
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Room for Improvement — Marriage & Money in America

In many marriages, money is a perennial trouble spot. Of course, irreconcilable financial differences are a frequently cited cause of divorce, but even among couples that stay together, staying on the same financial page
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