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Family Money

Kids, couples and caring for parents.

A First-Timer’s Guide to 529 College Savings Plans

by My Finances Today Editors
Pink piggy bank on a matching pink background, symbolizing savings

How 529 plans work: the tax benefits, what counts as a qualified expense, fees to check, withdrawal rules, and options if your child doesn’t use the money.

Categories Family Money

What It Really Costs to Care for an Aging Parent

by My Finances Today Editors
A younger man holds an elderly woman's hands as they smile at each other.

A line-by-line breakdown of home care, adult day services and residential care costs for aging parents, plus the household expenses families often miss.

Categories Family Money

Mistakes to Avoid When Helping Adult Children Financially

by My Finances Today Editors
Front and back of a gold 20 kroner coin featuring a crowned coat of arms and a seated female figure.

The common mistakes parents make when supporting grown kids with money, from overextending their own finances to informal loans with no written terms.

Categories Family Money

Getting Started With an Allowance for Kids

by My Finances Today Editors
Red lockbox with a key in the lock and two euro coins resting on its lid.

A starter guide to kids’ allowances: when to start, how much to give, and the trade-offs of chore-based, no-strings and mixed approaches.

Categories Family Money

How to Combine Finances With a Partner

by My Finances Today Editors
Two children walking together along a sunlit tree-lined path in a park.

A step-by-step guide to combining finances with a partner, from the first money conversation to choosing joint, separate or hybrid accounts.

Categories Family Money

My Finances Today

Plain-English guides to budgeting, saving and borrowing, so you can make everyday money decisions with confidence. Our articles are general information, not personal financial advice.

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