Family and Money

Car buying vs. leasing

Should I Buy or Lease a Car?

by Sophia Bera August 9, 2017

Getting a car is one of the biggest financial decisions you’ll make, and it’s one that can affect your cash flow for years. Beyond the cost of the car, you’ll have to pay for maintenance, fuel, insurance, and parking. A car can cost you just over $700 per month on average, according to AAA (and […]

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kids and money

How to Teach Your Kids to Create Their Own Money Values

by Sophia Bera May 24, 2017

Teaching your kids about financial literacy is really important. But being money-savvy isn’t just about knowing how to count coins in kindergarten, or understanding how credit cards work in the 12th grade. Sure, your kids will eventually learn how to read a bank statement and calculate compound interest, but money is about more than that. […]

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Kids and money

How to Teach Your Kids About Money

by Sophia Bera May 17, 2017

Over the years I’ve worked with many people who graduated from college without a clue about money. They didn’t know how to budget, couldn’t tell if they were getting a good deal on a purchase, and ran up credit card debt because they didn’t understand how credit works. Unfortunately, financial literacy isn’t taught in schools […]

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529 plans and saving for college

529 Plans and How to Save for Your Child’s College Education

by Sophia Bera May 10, 2017

At Gen Y Planning, we work with a lot of clients that are thinking about having kids in the next few years, or already have young children. As you can imagine, I get asked about saving for college a lot. With the cost of college going up about 5% a year, today’s newborns can expect […]

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Lending money to loved ones

How to Lend Money to Loved Ones Without Wrecking Your Relationships

by Sophia Bera February 22, 2017

Here’s a question that can negatively affect your relationship with a friend, relative, or significant other for years to come: Can I borrow some money? When someone you care about needs financial help, you don’t want to leave them in the lurch. After all, these are the people you’d turn to in a crisis — […]

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