Basic Finance • Family Finance Mom

10+ Elements to Build A Successful Family Finance Plan

We talk about all sorts of different financial literacy topics here at Family Finance Mom. And sometimes, the amount of information out there to absorb and retain can be completely overwhelming. So this year, for Financial Literacy Month, I decided to create a checklist for you to follow to help you build a successful family…

5 Factors Driving Higher Inflation & What You Should Do to Prepare

For the last month or so, as the stock market rally has faltered, and longer-term interest rates have increased by more than 50% since the start of the year, the concerns and whispers from the market over higher inflation have grown louder and louder. So what exactly is inflation? Why are people suddenly more worried…

8+ Indicators to Watch for When Will The Economy Recover

Before the recession was even officially proclaimed, top of everyone’s mind was when will the economy recover. And now that it has officially been declared to have begun in March 2020, we are even more focused on the recovery. While our state governors, President Trump and now President-Elect Biden put together committees to work on…

Economy and Politics: 10+ Talking Points Neither Party Will Give You

With the 2020 Presidential election looming just weeks away, it has become increasingly difficult to get straight and direct answers from either candidate or party. Instead, we get spin and the pros of every policy, as they dodge the question or change the subject entirely when it comes to talking about the downsides or risks…

10 Revealing MLM Statistics No One Ever Tells You

You just got a DM from a friend from high school you literally haven’t seen or spoken to in a decade… and before they’ve even finished their schpiel, you’re wondering, “Is this an MLM?” MLMs, short for multi-level marketing businesses, also known as network marketing or direct sales, and sometimes less favorably (and inaccurately) referred…

10+ Things to Know About How Mortgages Actually Work

This quarter for the Family Finance Book Club pick, we read The Big Short by Michael Lewis, giving many of you a front-row seat and eye-opening read about how the mortgage industry nearly collapsed the entirety of Wall Street, taking Main Street down with it… but it also left you with lots of questions. Like,…

How Much Should I Get Paid? Be Sure You Know Your Worth!

Ever wonder, “How much should I get paid?” Whether you are freshly graduated from school, new to your field or area, or just feel like you are being paid what you are worth, I think every woman has asked herself this question at some point in time. Women are not alone in the battle for…

Why the National Debt Matters: Understand Your Family’s Risk

Learn why the national debt matters and how it directly impacts your family now, and going forward We all have our biased lens through which we look at the world. As a former financial analyst, my lens is biased towards the numbers: dollars, cents and statistics. While today there are many points of highly publicized political debate,…

What Happens In a Recession: A History of 5 Major Economic Recessions of the Last Century

At the start of 2020, I was getting an increasing number of inquiries about whether we were approaching a recession. I put together a series of posts on major macroeconomic indicators that both predict (leading) and confirm (lagging) when the business cycle turns. Very soon thereafter, came widespread Covid-19 quarantines and their rapid impact on…

What Happens During a Recession

The last recession began more than 12 years ago. So for many young families, you may have never experienced an economic downturn as an adult. And to be clear, we haven’t officially been declared in a recession… yet. But as recessions are typically well underway before being declared, and given current leading economic indicators, I…