Our house has been crazy (well crazier than it normally is with six children running around) as my two oldest daughters have been busy preparing for their junior/senior proms. For months they have laid awake at night talking about what they would wear and shared their visions of the Cinderella moment that would soon be here.
We all know that getting ready for a baby means plugging up those outlets, placing a gate at the edge of the stairs, and picking out the safest car seat for the money. But so many expectant moms forget to make one of the most important new parent purchases there is: life insurance, the best way to baby proof your bank account.
During the course of a divorce, any assets you and your spouse had will need to be divided. With the help of your lawyers or a mediator, you will decide who gets what property, how to divide your savings and how to divvy up the retirement accounts. Splitting up the 401(k)s and the IRAs is a bit trickier than simply dividing a regular savings account.
“My sixth grade daughter wants a Facebook account because all her friends are on it. What do I do?” We were asked this question many times. Our answer: There is a reason Facebook says you need to be 13 years of age to have an account at that age, they feel a child can reasonably understand the consequence of their actions and use the site responsibly.