Tim Stenovec talks to husband and wife duo Talaat and Tai McNeely about when to bring up finances with your partner and what you need to be teaching your kids about money. The couple founded HisandHerMoney.com after Tai helped Talaat pay off $30,000 in debt!
Because of all his debt, Talaat kept his finances hidden from Tai under right before their wedding day...which he says was a terrible idea! He doesn't suggest talking about credit score on the first date, but slowly working it into a conversation before you even get engaged is very important. Tai says you want to attack finances as a team and help each other grow your bank account and credit.
Plus, once you're married and have kids the hard work doesn't stop. The McNeelys talk about teaching your kids how to give, spend and save. You can create a reward system for saving or even bring them to the bank and learn the process of depositing money.
Where you live can dictate how much you pay for housing. Danielle Hale, chief economist with Realtor.com, joined Cheddar News to discuss where the hottest markets for real estate are and how you can find a home in a current difficult market.
Financial stress can take a mental toll on people. Dr. Regine Muradian, clinical psychologist and member of the National Debt Relief Financial Wellness Board, joined Cheddar News to discuss strategies to ease those worries over money.
