Saving for financial goals such as retirement and buying a house is hard enough.

Its not uncommon for Americans in this group to be providing financial support to both.

Develop and Implement a Strategy

If you havent already, begin by talking with your family.

A multigenerational family spend together outside.

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If you have multiple goals, keep in mind its OK to focus on one at a time.

Other goals, such as college savings for children or buying a house, can be secondary.

Our team has compiled alist of creative waysyou can fatten your bank account this week.

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This is a long list, so dont get overwhelmed.

Well keep it updated as offers changes or expire.

Otherwise youre leaving free money on the table.

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Plus, some employers even offer a match thats more free money for you and your family.

Did you know?

Its also a good idea to consider diversifying your industries.

Can one of you take on a second job?

For Job Changers/ Career Seekers

Considering a job change or updating your skills for a career change?

Not sure where to start?

Bureau of Labor Statistics Occupational Outlook Handbook.

Pick up a classic career guidance book such as What Color is My Parachute?

Talk to Your Kids About Money

Its never too early (or late!)

totalk to your kids about money.

Talk to your kids about the different buckets of money and encourage them to participate in the discussion.

Dont be afraid to include younger kids even preschoolers understand this concept on some level.

For example, consider enrolling your animal-loving teens in a dog obedience training academy for dog trainers.

Does your teen like computers?

Maybe they can teach their older neighbors how to use a computer for an hourly rate.

Its OK to let your teen take initiative and get creative.

Even if you might afford it, resist the urge to give them a handout.

Instead, allocate a reasonable amount toward education and necessities.

While understandable, its a financial mistake that could take decades or more to recover from.

The mother had not considered the financial burden she was creating for herself or for her adult daughter.

I gave the woman some talking points as well as some statistics to help guide her in the discussion.

While difficult, it was ultimately the right thing to do.

Some solutions are much less complex: Consider a basic checklist to help parents live more comfortable lives.

Does mom need a hearing aid?

Should your parents invest in an ID-theft protection service?

Do your parents need a medical alert system?

She specializes in financial planning for women and business owners, and those navigating life transitions.

Jaffe Tilchin Investment Partners is a Registered Investment Advisor.

100 Enterprise Drive, Suite 504, Rockaway, NJ 07866 (800)637-3211.

The views expressed represent the opinion of Sophia Goode and not that of Jaffe Tilchin Investment Partners.

These views are subject to change and are not intended as a forecast or guarantee of future results.

This material is for informational purposes only.

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