Last post outlined our family case study. What should Mr & Mrs B do?
Their concerns about a large amount of mortgage debt, retirement and lack of confidence with respect to the day to day finances are very common and can add a great deal of stress to a household or relationship. It seems their priorities are:
- Get a handle on day to day household money
- Develop a future plan (retirement, education etc.)
- Contingency planning
Read more…
It seems that there’s a lot more in and out transactions to keep on top of in a family situation. More people = more responsibilities and keeping track of them all on a month to month basis is no easy feat! What about planning for the future? Does it often get put off until next year? With child care costs and taking a moment to relax after the holiday season, it is easily put off.
Let’s take a look at the following family:
Mr & Mrs ‘B’ live in Vancouver with their 2 children, one turning 5 and the other age 7. Because they both work it’s a scramble week to week to keep the calendar straight, meals on the table and lunches in back packs. Read more…