#family-finance

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from24/7 Wall St.
1 month ago

Discovering My Dad's Credit Line - Was He Helping Me or Hurting My Credit Score?

On the surface, it looks good. The credit line only had one missing payment over 14 years. If that missed payment was several years ago, then it won't have an impact on the original poster's credit score.
Parenting
#retirement-planning
from24/7 Wall St.
3 months ago
SF parents

My parents are retiring with just $210k and never invested their money - what's the safest move for their nest egg?

from24/7 Wall St.
4 months ago
Retirement

I'm a 41-year-old doctor who's finally making good money after years of training - how do I calculate how much I need to save?

fromIndependent
6 months ago
Miscellaneous

Michael Houghton: 'For the sceptics and disbelievers, here's a breakdown of how we saved enough money to retire in just seven years'

from24/7 Wall St.
3 months ago
SF parents

My parents are retiring with just $210k and never invested their money - what's the safest move for their nest egg?

from24/7 Wall St.
4 months ago
Retirement

I'm a 41-year-old doctor who's finally making good money after years of training - how do I calculate how much I need to save?

fromIndependent
6 months ago
Miscellaneous

Michael Houghton: 'For the sceptics and disbelievers, here's a breakdown of how we saved enough money to retire in just seven years'

from24/7 Wall St.
2 months ago

My Mother Ruined My Credit Score - How Can I Fix It Before Buying a House?

Low credit scores create significant challenges, especially stemming from poor financial habits, as illustrated by a Redditor's personal experience with his mother.
fromSlate Magazine
2 months ago

We're Expecting a New Baby. My Wife Proposed Cutting Corners in a Way That Freaks Me Out.

Considering your strong financial foundation, it may be wise to reduce savings temporarily to ease current financial stress.
from24/7 Wall St.
2 months ago

He wants us to use his fortune before he's gone - why do we still struggle to pull money from the family fund?

It's not out of the ordinary for parents to want to live to see how financial gifts are put to work. Indeed, it can be quite rewarding to see how one's wealth can enrich the lives of loved ones firsthand.
Retirement
fromZDNET
2 months ago

I switched to a $125 Android phone for a week, and my buying advice took a surprising turn

The Nuu N20 offers budget-friendly smartphone options for families at a fraction of flagship prices.
fromBusiness Insider
3 months ago

My family of 5 has made lifestyle adjustments to save money. We buy generic grocery brands and cut back on subscription services.

I meal plan and buy generic brand groceries.
Everyday cooking
#inheritance
from24/7 Wall St.
3 months ago
Retirement

My in-laws are passing down a $16 million trust to my wife - how do we make sure it grows to its full potential?

from24/7 Wall St.
5 months ago
Miscellaneous

I'm 31 with a net worth of $4 million and my grandparents want to give me $5 million - should I have them direct the money to my kids instead?

Retirement
from24/7 Wall St.
3 months ago

My in-laws are passing down a $16 million trust to my wife - how do we make sure it grows to its full potential?

Managing and protecting inherited wealth is essential to avoid rapid loss and ensure growth.
A couple plans to redirect significant inheritance towards generational wealth for future children.
from24/7 Wall St.
5 months ago
Miscellaneous

I'm 31 with a net worth of $4 million and my grandparents want to give me $5 million - should I have them direct the money to my kids instead?

fromBusiness Insider
3 months ago

I was spending nearly $2,000 on groceries a month. When I handed the shopping over to my husband, he helped us save thousands.

Switching from name brands to store brands saved us thousands - and my kids didn't even notice. His engineering mindset means no impulse buys and less food waste.
Everyday cooking
from24/7 Wall St.
4 months ago

I'm 39, debt-free with over $3 million invested, and retiring today - are my numbers too tight for comfort?

But for someone who's 39 years old with young kids, it's actually not a whole lot. That money could easily run out over time if the poster isn't careful.
Retirement
NYC parents
from24/7 Wall St.
4 months ago

Harvard goes tuition-free for families making less than $200,000. Should this change your approach to college savings?

Maintaining college savings is crucial despite Harvard's tuition-free model for families earning under $200,000.
from24/7 Wall St.
4 months ago

My daughter refuses my 'live at home' rule for college - should I still pay or hold firm?

A mother seeks financial advice on college funding for her daughters, highlighting the importance of family rules and fairness in financial decisions.
Parenting
fromBusiness Insider
4 months ago

We contributed to our kids' Roth IRAs to help them get a financial head start

Teaching kids about early retirement savings through Roth IRAs can foster lifelong healthy financial habits.
from247wallst.com
6 months ago

My sister manipulated my mom to pay off her $33k credit card debt before she died. How can I deduct that from her inheritance?

Financial support to one sibling over another can lead to disputes and strained relationships among family members.
from24/7 Wall St.
6 months ago

My daughter is upset that we gave my son money for a down payment but won't give her one - is she right?

The original poster (OP) clarified that his son, who received the down payment help, has been diligently saving and was recently in need due to a competitive housing market.
Miscellaneous
from24/7 Wall St.
6 months ago

My parents want to disperse $200k of her inheritance early to my sister. I don't think this is fair at all - what can I tell them to reconsider?

Treating siblings unequally from a financial standpoint can lead to significant conflict. Honest family discussions are essential to avoid hard feelings and ensure fairness.
Miscellaneous
Writing
fromBusiness Insider
7 months ago

My late husband retired at 40. Now I'm teaching our sons his investment strategies and frugal ways.

Financial harmony can be challenging but is essential for a family's future.
Miscellaneous
fromIndependent
7 months ago

Your personal finance questions - What is a tax-efficient way for me to buy my daughter a starter home from savings?

Gifting a home to your daughter now can be tax-efficient and beneficial for both parties.
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