Perhaps the biggest financial decision we make in life is whether to buy or rent a home, be it a house, townhouse, condo, co-op or multi-family dwelling. It is not a decision to be taken lightly and it involves numerous factors, including for new or expecting parents who may need more space and are looking to provide stability for a growing family.
Every family’s situation is unique. There isn’t a one-size-fits-all answer. When deciding between renting vs. buying a home, and the timing, start by asking yourself the following questions:
- How long do I plan to live in this location?
- What are my future plans, both short-term (within the next 5 years) and long-term (five or more years from now)?
- Do I have enough money to buy a home or would I need to get mortgage financing, and do I have enough additional money to cover expected and unexpected expenses?
In the busy life of a toddler, having to stop playtime in order to take a nap may well seem like it’s the end of the world. Nevertheless, most active toddlers need naps.
Daytime sleep not only is important for a child’s healthy growth and development, but it can also do wonders as a short, refueling break for parents.
Does your child fight against daily naps? Here are four toddler nap-time tips to help make it go a little more smoothly:
A healthy lifestyle starts in the home. Your children are observing you every day and learning from your behavior. When it comes to health and fitness, your children are learning habits now that will last a lifetime.
Get everyone in your family involved in getting fit with our 30 day family fitness challenge! This fun and budget-friendly challenge is meant as a starting point for getting you and your family up and active. According to the Centers for Disease Control and Prevention (CDC), you should try to be active for at least 2.5 hours a week. Active, as the CDC defines it, means participating in activities that raise your breathing and heart rates and strengthen your muscles.
Modify the challenge so it makes sense for your family. Enjoying a particular activity? Extend it beyond the one-week mark. Consider including incentives or a reward sticker chart to track progress and motivate your family to participate. Make the challenge your own!
If you are in your 20s or 30s, you may not spend much time thinking about life insurance, but – surprise – maybe you should. Read on to find out why now is the right time to investigate life insurance.
As a rule of thumb, if you have loved ones who depend on you financially, or who could be affected financially in one way or another if you were no longer here, you should consider getting a life insurance policy, even a small one.
Learning the basic difference between need and want is a skill that your child will carry with him or her well into adulthood. Knowing how to differentiate between the two can help both with your budget today and your child’s future financial success.
Teaching the difference between need and want can be difficult in some circumstances. As a parent, you want to enable your child to have everything they want in life. However, it’s also important to learn how and when to say no to your child, too.