Does Your Family Talk Moola?

If you celebrate, I hope you all had a wonderful Easter holiday! I sure did. There is nothing more satisfying to me than spending time with family and friends. My family and I actually talked a lot about investing over the last few days. I am SO proud of my family for being open about their money. Unfortunately, family discussions around money tend to turn ugly, but rest assured that it doesn’t always have to be this way.

If you have kids, there are so many great ways to introduce financial concepts. I told my little 6-year-old cousin that he could only have the $20 cash gift if he saved $5 of it to do something with 6 months from now. He took that trade! Would you take that trade? Leave comment below letting me know what you’d do.

So, I wanted to share 3 tid bits I gathered around this year’s festivities:

Getting into an investment club is a powerful way to hold yourself accountable for investing consistently to other people who value investing.

Look into the injured spouse tax clause if you are in a situation where you owe child support and do not want it to suffer the financial consequences of filing jointly as a married couple.

If you’re planning a wedding out of town, give your bridal party more than six months to prepare for the financial commitment of participating in the wedding.

If you have any other tidbits to add from this holiday weekend, please leave a comment below and share the goodies. Don’t keep them to yourself.