Over the past several weeks, my wife and I have been starting to take over the finances of one of our parents. This parent has been widowed now for about 2 years … and has basically destroyed any type of financial estate planning that had been done by the couple in the past. Just in […]
Continue Reading
When it comes to tracking our personal finances, one of the hardest things to estimate is the value of our home. My wife and I know what we paid for our home just over 10 years ago. We also know the terms of our mortgage … 30 year fixed rate loan at 4.375%. But estimating […]
Continue Reading
My wife and I have been thinking a lot lately about what would happen to our kids and assets if we were to die in the next decade. We want to make sure our kids are taken care of (especially as minors), if my wife and I both were to pass away unexpectedly. Developing a […]
Continue Reading
For many years my wife and I have been avoiding this question – What will happen to our money and our kids when we die? Even worse than worrying about our estate (our money) is what would happen to our children if we were both to die at the same time? This uncertainty around the […]
Continue Reading
Every month we publish an update to our net worth. These monthly updates help us keep track of our assets such as investments, cash, and even the value of our home. It also helps us track how we are paying down our debt every month … which is are known as liabilities. This past month […]
Continue Reading