Estate Planning Wills

Probate: What You Need to Know

This post originally appeared on Fabric When you’re grieving, a complicated legal and financial process is the last thing you want to deal with. But often, that’s exactly what happens when families go through the probate process after losing a loved one. Understanding the probate process can help keep you from getting caught by surprise. […]

Investments Personal Finance

Weighing the Pros & Cons of Online-Only Banking – Wealthfront & Betterment Savings Accounts Review

This post originally appeared on Fabric If you became an adult during the recession (like many of us) you might barely even remember the days of savings accounts paying significant interest. But with the Federal Reserve finally making changes that lead to higher interest rates across the country, bank accounts are looking more attractive. That’s […]

Insurance

What You Need to Know When Applying for Life Insurance While Pregnant

This article originally appeared on Fabric Some experiences are significant enough to split your life into Before and After. Pregnancy definitely ranks as one of them. In my case, pregnancy also made me think about things like buying life insurance, since that meant I’d have a financial dependent to care for. Of course, nothing about having […]

Personal Finance

How to improve your life by doing nothing – ‘Nisken’

This post originally appeared on Fabric Being bored has done wonders for my financial life. Ditto for my physical and mental health. I used to be one of those moms who thought she could do it all; no to-do list was too long or laborious for this mama. Being busy was a badge of honor. […]

Personal Finance

Which States have the Biggest Debt Problem?

This post originally appeared on Fabric Household debt in the U.S. is the highest it has ever been. According to the New York Fed, total household debt reached $13.67 trillion in the first quarter of 2019, an increase of 0.9% from the fourth quarter of 2018 and nearly $1 trillion above its previous peak in 2008. These statistics […]

Insurance

What You Should Know to Pick the Right Life Insurance Plan

This post originally appeared on Fabric Starting a family means creating a shared life based on your goals and values. If something happens to you, your partner may not be able to hold everything together alone. The burden can be especially heavy if you have children. Life insurance can provide you with confidence that if […]

Personal Finance

How Homebuying Transformed How I View Money

This post originally appeared on Fabric My husband and I just wrapped up a whirlwind homebuying process. As we signed the last closing documents and got the keys to our new house, I breathed a sigh of relief so loud the escrow secretary could hear it in the next room. During this whole process, I […]

Estate Planning Wills

What’s the Difference between a Will & a Payable on Death Account?

This post originally appeared on Fabric When you login to your bank account online, you might notice an option to choose a beneficiary. Generally, this is someone who’d inherit your bank account after your death. The official name is a “payable on death” or POD account. Easy enough. Enter your beneficiary’s name and contact info: Done. So, […]

Wills

Millennials Need Wills Too – Here’s 5 Reasons Why

This post originally appeared on Fabric Across all generations, most Americans have neglected a major financial step in their lives: They haven’t taken the time to make a last will and testament. A 2017 survey by Caring.com found that only 4 in 10 Americans have made a wills or a living trust. That number is even higher for […]

Personal Finance

6 Tips for Achieving Real (Work) Life Balance

This post originally appeared on Fabric Aristotle liked to talk about “the golden mean,” and whether or not you’re a Greek philosopher, it’s vital: Everything is best in moderation. Too much of a slacker? You can’t support your family. Too much of a workaholic? You won’t have the time and energy to enjoy your family. […]