Many of our clients fall within the "sandwich" generation. For those of you that may not know what that may be within it! This is a generation of people, typically in their thirties or forties, which are having to care for their aging parents while supporting their own children. Many times individuals or families in this situation are often overwhelmed by competing obligations, financial and emotional, by having to care for both kids and aging parents.

The best tool I tell our clients to use in order to create a spending plan is with BUDGETS.  I know everyone hates hearing the word BUDGET, but it ensures that you will always have enough money for the things you need as well as the things that are important for you. Technology has really helped make all your financial information available to you at your fingertips, so you need to know about a website/app that can help you create/maintain your budgeting goals. 

This website/app serves as a dashboard for all your financial information by pulling together all your financial information into one place. Whether you set it up through the website, or the app, you add accounts, credit cards, bills, investments, etc. and can see what you owe, track your upcoming bills, and spending patterns. Mint automatically updates and categorizes your spending in real time so you can always know how you are doing on your budgets.

If you are considering creating budgets, or want to get your children to understand budgeting, I encourage you to give the mint a look!