Tag: Family Finance

Growing up with rich friends can help a child escape poverty, researchers say

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Want a more economically equal society? Start with your inner circle — or your child’s. For people with a lower socioeconomic status, having friends across class lines “is among the strongest predictors of upward income mobility identified to date,” according to a new and expansive research project led by researchers and collaborators at the Harvard…

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Are you prepared for the costs of having a baby? Start preparing your finances early.

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This article is reprinted by permission from NerdWallet. The arrival of a new baby is all-consuming. In the early weeks, your waking hours are a cycle of feedings, diaper changes and googling “Is it normal for a baby to (fill in the blank).” Mustering the energy—and attention span—for otherwise routine tasks like showering and paying…

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The best times to make big purchases, and how to plan for them

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When Brandy Baxter needed to replace her home’s entire heating and air conditioning system several years ago, she asked contractors if they offered deals at certain times of the year. She learned that if she waited until February, the slow season for such work, she could get a lower price. Baxter, a financial coach based…

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‘They’ve owned these pets for years’: People are giving up family dogs they adopted long before the pandemic, mostly due to inflation, shelters say

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Renters aren’t the only ones frantically searching for homes in New York City – pets are falling victim to the city’s housing wars, too. Animal Care Centers of NYC’s three shelters are seeing an increase in people surrendering their pets, largely due to housing costs, Katy Hansen, the director of marketing and communications, told MarketWatch….

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The rational approach you can take when a friend or family member owes you money

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Your sibling asked you to cover their rent for a couple of months while they were between jobs. Or maybe you loaned a friend a few hundred bucks for a car repair they couldn’t afford. You’d do anything to help those you love. And you did. But what should you do when they don’t pay…

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