Kathy Longo discusses the importance of giving your children a strong financial education with the Savannah Tribune in 6 Ways To Teach Your Kids About Finance.
Kathy will discuss ways to navigate financial conversations with your partner, parents, or kids. She'll also introduce key ways to plan for life's financial transitions, from career to retirement, and provide thought-provoking considerations to can take home as we plan for our personal legacy journey!
A Common Hope is also having its annual Sponsorpalooza! The first month of every sponsorship will be MATCHED this month thank to an anonymous "angel" sponsor. It's a great time to become a Sponsor and change a student's life!
By Kathy Longo, CFP®, CAP®, CDFA
I was a wreck when my daughter Maddy went off to college three years ago. I had so many emotions about my oldest child, my first baby, leaving home and venturing out on her own. On the other hand, Maddy was so excited--without an apprehensive bone in her body. She was ready to start her college experience and for that I was grateful. But I had my concerns about her safety, her well-being, her ability to create her own structure with all that freedom, and all the other concerns that come with being the parent of a young adult.
Although Maddy was focused on how she was going to furnish her dorm room and what her roommate was going to be like, she was also looking forward to the adventures and challenges of college. The furthest thing from her mind was worst case scenarios and creating a plan for the what-ifs of adulthood. While the curtains and the rug and the mini fridge all have their place in planning for college life, so too does preparing documents that will protect you as a parent and them as an adult in the event of an emergency.
By Kathy Longo, CFP®, CAP®, CDFA
It is said that change is the only constant. While that proverb can be confusing to people experiencing relative stability in their lives, it is the constant change and lack of certainty that can bring people in the middle of a major life transition to their knees. Transition and change are two very different things, and while one will never stop occurring (change), the other (transition) can feel in the moment like there may never be a light at the end of the tunnel.
One major life transition that impacts approximately half of all families, divorce, is one of the most challenging and stressful life events that a person can experience. The impact is emotional, psychological, physical and financial. The experience of having nearly every single aspect of your life changed is powerful and can take a toll on your will power and decision making skills. Divorce is also extremely challenging because, by its very nature, it is not something most of us typically plan for.
Kathleen Longo shares questions you should consider asking your aging parents in her blog titled: Seven Essential Questions to Ask Your Aging Parents Shared by The BAM Alliance, March 3, 2016
