Our children quite literally embody the future. While they are full of wonder with all of the possibilities that the future holds, we can do things now that will help them prepare for handling their own finances when they become an adult.
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If you’re a member of the military, then you know first-hand how great our Basic Allowance for Housing (BAH) stipend can be. For those who are not in the military, BAH is a monthly stipend we all receive for housing costs (primarily to be used for mortgages or rent payments).
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Anytime you rent a property or leave one, you need to ensure the residence is in good condition. Conducting a property inspection is key for reducing your damage liability and avoiding security deposit disputes. Move-in and move-out checklists are essential for these inspections.
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Financial planning can prepare you for anything that comes up along your child's life from unexpected illness to acceptance into a pricey college. This preparedness will protect your family from disaster and support your child as they grow and develop into a responsible adult of their own.
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