Families that talk about money together are taking a big step on the road to long-term financial security. The key is to address this sometimes delicate topic, not to avoid it.
Families with children who aspire to higher education, couples who must choose a bank or a credit card, and older people who are managing on a smaller income all can benefit by exploring the financial options open to them together and making decisions that everyone understands and supports.
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Talking to Your Teenagers
If you want your kids or grandkids to make smart credit decisions, manage their money wisely, and understand how financial aid can help them pay for college, nobody can explain the importance of these topics better than you can.
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Working with Your Partner or Spouse
Making financial choices can be a lot smoother if you and your partner make decisions together — or agree to make them separately. That includes choosing a bank, qualifying to borrow, and choosing to buy or rent a home.
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Helping Your Parents
As your parents get older, they may welcome your help with managing their money, being alert to fraud and making major financial decisions about their assets and income needs.
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Turning Savings into Retirement Income
Knowing how to take money out is as important as knowing how to accumulate it.
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