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More than half of all Americans will get a tax refund this year. Since the average refund is around $2800, that money can make a significant difference in your financial picture.
This money decision, like every other money decision, calls for solid financial communication. Once you know what your refund will be, use some of your Money Huddle time to discuss what you’d like to do with the cash.
Read the entire Money Couple Minute to get the 6 Tax Refund Tips for this year’s tax return.
We are meeting with lots of couples in this situation and seeing the stress this huge upheaval can cause in a relationship. If you’re losing your home, here’s how to pick up the pieces and move forward.
1. Grieve the loss – Get the complete details in this Money Couple Minute HERE.
2. Avoid the blame game – Find out how to avoid this pitfall in this Money Couple Minute HERE.
3. Decide how public you want to make this news – Learn how to decide together what the best plan is in this Money Couple Minute HERE.
4. Take some time off – What does it mean to take time off? Get some practical advice in this Money Couple Minute HERE.
Watch the Money Couple talk about “Life After Foreclosure” in this video from ABC News Now:
Every parent knows that our care and concern for our children doesn’t stop when they hit adulthood. But most of us are a little unclear on how that care should play out financially. Trying to figure out when and how to help adult children with money problems can lead parents into all kinds of financial miscommunication and conflict.
It doesn’t have to be that way. While the best approach for you will, of course, depends on the situation, there are 6 guidelines you need to keep in mind as you make financial decisions about your adult children.
1. Know your child’s Money Personality – Read more here
2. It’s ok not to play fair – Read more here
3. Respect each other – Read more here
4. Don’t hurt yourselves to take care of your kids – Read more here
5. Decide if there will be strings – Read more here
6. If there are strings, get them in writing – Read more here
Read this week’s entire Money Couple Minute – HERE.