behavioral and family finance
Educational articles in this subcategory.
Glossary: Family Finance Terms
This glossary defines 28 family finance terms with one-sentence definitions focused on practical family application. Updated quarterly as new concepts...
Succession Planning for Family Businesses
Family businesses represent approximately **90% of all U.S. businesses** and generate **64% of GDP** (Family Business Alliance, 2023), yet only **30% ...
Documenting Family Legacy Stories
Wealth that transfers without context often dissipates within generations. Research from the Williams Group shows that **70% of wealthy families lose ...
Digital Tools for Family Collaboration
Families managing shared finances across multiple accounts, generations, or households face a coordination problem that spreadsheets alone cannot solv...
Therapist vs. Advisor Roles in Money Conflicts
Money conflicts that persist despite spreadsheets and budget apps often signal something deeper than a numbers problem. The data shows that **72% of c...
Integrating ESG or Faith-Based Values
## What Values-Based Investing Means Values-based investing modifies portfolio construction to reflect environmental, social, governance (ESG), or fa...
Elder Fraud Prevention and Monitoring
## The Scale of Elder Financial Exploitation Elder financial fraud costs Americans 65 and older approximately $28.3 billion annually according to AAR...
Blended Family Financial Planning
## Financial Complexity in Blended Families Blended families face financial planning challenges that single-marriage households do not encounter. App...
Managing Financial Support for Adult Children
## The Scope of Financial Support Parents provide substantial ongoing financial support to adult children in the United States. According to a 2023 P...
Caregiving Responsibilities and Budgets
## The Financial Reality of Caregiving Caregiving imposes significant financial costs on families. According to the Genworth Cost of Care Survey (202...
Financial Planning for Special Needs Families
## What Special Needs Financial Planning Actually Means Special needs financial planning refers to **strategies that build financial security for ind...
Prenuptial Agreements and Communication
## What Prenuptial Agreements Actually Are A prenuptial agreement (prenup) is a **legally binding contract between two people planning to marry** tha...
Handling Sudden Wealth Events
## What Sudden Wealth Events Actually Are Sudden wealth events are **financial windfalls that arrive faster than your capacity to process them**. Com...
Family Governance and Mission Statements
## What Family Governance Actually Means Family governance refers to **formal structures, processes, and documents that guide how a family makes coll...
Values-Based Spending Exercises
## What Values-Based Spending Actually Means Values-based spending is the practice of **deliberately allocating money toward categories that align wi...
Custodial Accounts and Financial Education
## Definition and Key Concepts A custodial account is an investment account held by an adult (custodian) on behalf of a minor (beneficiary) under the...
Setting Allowances and Chore Systems
## Definition and Key Concepts An allowance is a fixed, recurring payment given to children at regular intervals (typically weekly) to provide hands-...
Teaching Kids About Money at Different Ages
## Definition and Key Concepts Teaching kids about money involves introducing age-appropriate financial concepts, vocabulary, and hands-on experience...
Family Financial Meetings Agenda
## Definition and Key Concepts A family financial meeting is a scheduled, structured discussion where household members review financial status, prog...
Money Conversations with Partners
## Definition and Key Concepts Money conversations with partners are structured discussions about household finances, including income disclosure, sp...