REVERSE YOUR THINKING®
  • Apply Now
  • HECM TOOLS
    • HECM Right for You
    • Quote
    • Calculator
  • Options
    • HECM Vs. HELOC
    • HECM for Purchase
    • Proprietary Loan - Jumbo Reverse
    • LESS - Limited Equity Share System
  • Expand Your Thinking
    • Videos
    • Historical Info
    • What's A Reverse Mortgage
    • HECM Funds
    • In The News
    • Aliens
    • Elder Abuse
    • Glossary
    • Resource
      • Concierge
      • Professional Concierge
  • BLOG
  • About Us
    • Mathius Marc Gertz Reverse Mortgage Specialist
    • Testimonials
    • Events
  • Apply Now
  • HECM TOOLS
    • HECM Right for You
    • Quote
    • Calculator
  • Options
    • HECM Vs. HELOC
    • HECM for Purchase
    • Proprietary Loan - Jumbo Reverse
    • LESS - Limited Equity Share System
  • Expand Your Thinking
    • Videos
    • Historical Info
    • What's A Reverse Mortgage
    • HECM Funds
    • In The News
    • Aliens
    • Elder Abuse
    • Glossary
    • Resource
      • Concierge
      • Professional Concierge
  • BLOG
  • About Us
    • Mathius Marc Gertz Reverse Mortgage Specialist
    • Testimonials
    • Events
Search

Staying Financially Healthy

Let's talk about .... Finances and raising kids

9/24/2020

 
As we celebrated National Grandparents Day earlier this month, we acknowledge that more older adults have primary responsibility for raising grandchildren or other young relatives. If this describes you or the older adults you work with, these CFPB tools can help.

Here are five actions grandparents and older adults raising kids can take to evaluate their finances and plan for family goals....
  1. Get a clear picture of monthly income and expenses. If you’re raising kids on a fixed income, you may be rethinking your budget. Use our income tracker to see where money is coming from and the spending tracker to see where it’s going.
  2. If your household just got bigger, you probably have added expenses. Find out if federal, state, or local assistance programs can help. Go to Benefitscheckup.org to find benefits that could help with the cost of food, health care, housing, utilities, and transportation.
  3. If you’ve had to take on new debts, use our debt log to total how much is owed, track interest rates, choose a debt reduction strategy, and prioritize payoff goals.
  4. Talk about money choices with the kids in your care. Visit our Money As You Grow resource page to find age-appropriate activities and conversation starters to help build children’s money skills, habits, and attitudes.
  5. Whether you’re raising kids or not, it’s a good idea to plan ahead, set money goals, and start saving. Use our planning tool to think about major life events and set savings goals for large purchases, such as buying a car and paying for college.
  6. Please call upon us if you have money questions or need any some financial counseling. We are here as a collaborative fiduciary resource for trusted advisors and their clients. 310-447-5266

Comments are closed.
    Mathius Marc Gertz
    Mathius Marc Gertz MBA, AFC®, CAPS
    Marc has 36 years in financial services and 6 years in teaching.
    View my profile on LinkedIn
    Visit Us on Google

    Archives

    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018

    RSS Feed

Welcome Home | Custom Rates | Self-Evaluation | What is a Reverse Mortgage? | Terms Of Use | Privacy Policy | Glossary
Mathius Marc Gertz MBA, AFC®, CAPS | ​BRE #001999021 | NMLS #1125159 | DBA Reverse Your Thinking® Mortgage
310-447-5266 | marc@reverseyourthinking.mortgage |1620 Broadway, PO Box 3707, Santa Monica, CA 90408
Reverse Your Thinking ® | Copyright 2018-2020 | SAYWHYNOT, INC. | Website by Rhonda May
NRMLA-Mathius-Marc-Gertz
BHBA-Mathius-Marc-Gertz
SMCC-Mathius-Marc-Gertz
Equal-Housing-Lender-Mathius-Marc-Gertz
SMBA-Mathius-Marc-Gertz
LAGLCC-Mathius-Marc-Gertz
FPA-Mathius-Marc-Gertz
NAIPC-Mathius-Marc-Gertz
CalCPA-Mathius-Marc-Gertz
ALCA-Mathius-Marc-Gertz
  • Apply Now
  • HECM TOOLS
    • HECM Right for You
    • Quote
    • Calculator
  • Options
    • HECM Vs. HELOC
    • HECM for Purchase
    • Proprietary Loan - Jumbo Reverse
    • LESS - Limited Equity Share System
  • Expand Your Thinking
    • Videos
    • Historical Info
    • What's A Reverse Mortgage
    • HECM Funds
    • In The News
    • Aliens
    • Elder Abuse
    • Glossary
    • Resource
      • Concierge
      • Professional Concierge
  • BLOG
  • About Us
    • Mathius Marc Gertz Reverse Mortgage Specialist
    • Testimonials
    • Events