Financial Planning for Families: Secure Your Loved Ones

Written for parents who want a plan rather than a vague hope, this guide takes the whole of family money in order: goals, budget, debt, investing, insurance, wills, school fees, retirement and what you leave behind. Each of the nine chapters keeps the language plain and ends with practical next steps. It closes with an action plan you can work through as a household.

What's inside

• How to turn vague family hopes into SMART goals, sorted into short, mid and long term
• A seven-step family budget: gathering your paperwork, tracking spending, adapting the 50/30/20 split and automating savings
• Debt strategies compared, including the snowball and avalanche methods, negotiating with creditors and consolidation
• An expanded investing chapter covering risk tolerance, diversification, index funds and ETFs, robo-advisors and tax-advantaged retirement accounts
• The main insurance types explained in plain language: life, health, disability, homeowners and auto
• Estate planning basics - wills, trusts, powers of attorney, beneficiary designations and guardianship - and how to pass on financial know-how and values alongside the money
• Saving for education, including 529 plans, custodial accounts, Coverdell ESAs and where financial aid fits
• Retirement planning, from picturing the life you want to estimating costs and understanding Social Security and Medicare

Details

• PDF, 51 pages
• Instant digital download
• Read on any device, or print it
• For personal use