These economic times practically guarantee that someone you know (and possibly love) will come to you for money. Lending money to friends and family has always been fraught with problems. Indeed, there is always the chance that the debt someone else owes you could, in the end, cause a rupture in your relationship. While it might best in some cases to send your relatives and friends on their way, there are instances that you might feel necessitate offering a loan. Here are some things to keep in mind if actually do take the plunge and lend money to friends and family:>>> [Read More]
Tag Archive: Personal Finance
Teach Your Child About Responsible Credit Use
Chances are that, in spite of any efforts you might make to the contrary, your child is going to be interested in using credit. Credit can be helpful in terms of preparing for the future, and building good personal finance habits, and building a history that can be used to help your child secure good rates for home and auto loans. However, credit, like so many other money tools, can be financially devastating if abused. It is up to you to teach your child sound financial principles, including the wise use of credit. Here are three steps to teaching your child about responsible credit use:>>> [Read More]
