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Check back here often to get information on money management topics and other financial tips!

There's a strong argument that an allowance is the best way to teach a child to handle financial responsibility. There's an equally convincing case that nothing could be further from the truth. In either event, before they get an allowance, a child should be old enough to count money. The key to a successful allowance is structuring it right from the outset.

Having trouble paying your bills? Receiving notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car? You’re not alone. Many people face a financial crisis at some point in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. But often, it can be overcome. Your financial situation doesn’t have to go from bad to worse.

Don't overspend on your Thanksgiving feast.

The holiday season kicks into gear this month, when many people are focused on shopping, traveling, and getting together with friends and family. But even during this busy time of year, don't forget to take steps to help your family's finances. That includes everything from learning to be a smart shopper to year-end money moves. Here’s what should be on your financial to-do list for November:

Coins have a rich history, making collecting a rewarding hobby. Why collect? People collect coins for their bullion, investing in coins for potential long-term profit, and/or artistic value. Additionally, some people are casual enthusiasts, collecting foreign coins from trips or coins found by chance, such as lucky pennies. Learning about a coin’s design, mint mark, condition, and composition offers useful historical knowledge and insight into coins’ unique stories. Get started building your collection with these helpful resources.

If you really want to effectively compound your wealth , it’s essential to invest. But good news: Investing doesn’t have to be a huge time commitment, especially if you’re aiming to achieve long-term goals. If you invest wisely from the get-go, you can earn returns with very little maintenance.

Before you bought your home, homeownership sounded appealing for many reasons, including the ability to build equity over time. Find out what equity means and how it can play a big role in your financial future.

Most of my financial planning clients are business owners, older folks who want to focus on retirement planning, or sudden wealth recipients (think inheritance, lawsuit settlement, business sale, etc.). I’ve been working with clients for over 20 years, so many of my clients now have kids of their own that I also advise. These younger clients – Millennials for the most part – often have similar financial questions and concerns. They are worried about student loan debt, finding a good job, and creating financial success. I enjoy these conversations and they have caused me to think back to when I was younger.

Answer ten questions to measure your current financial well-being and see steps you can take to improve it.

Picture this situation: You've been to the library or bookstore. You've found a great personal finance book that seems to speak to your financial circumstances. You're excited to read it, yet there it sits on your bedside table. You're a little intimidated to pick it up. It seems to be very information-dense, and it's also going to challenge you to change some things you're not sure you want to tweak. The truth is that a book sitting on your bedside table isn't going to challenge you to change anything about your life. The value of a good book comes from reading it, thinking about the ideas within and putting some of them into action in your life. Here are six key steps for getting the most value out of that new personal finance book.


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