Family CFO

Author: Mary Claire Alvin
Publisher:
Publish Date: 2006-12-01
Features: Discusses several important financial issues faced by couples: 1) Debt management. How to handle mortgages and credit cards? 2) Buying a house. Should they buy a house? What kind of house? How to buy it? 3) Changing jobs. To what extent does job-hopping or quitting affect family finances? What should they do? 4) Having children. Should they have children? How much does it cost to raise a child? 5) Family emergency funds and insurance. How much should they save? What kind of insurance should they buy? 6) Crisis management. What if they lose their job? 7) Retirement and elder care. Is it possible to retire early? How to ensure a quality of life after retirement? Managing family finances is like managing a company, and you are the CFO of your family. The author wrote this book to help couples better manage their finances, not to teach them how to invest for wealth. The Family CFO can guide you and your partner to solve family problems through financial management, making financial management a means to help family members achieve their dreams rather than a cause of conflict. This book aims to guide couples to solve important family financial issues through financial management. Using modern corporate financial management methods, it combines a five-step analysis with case studies to find solutions to several key issues that are most prone to conflict within families. For couples, as well as soon-to-be newlyweds who are preparing to start a family, this book is a reference guide to lay the foundation for their family happiness. The book is concise, practical, and effective, and is also completely applicable to Chinese families. The translator has made detailed annotations on China's policies, regulations, and financial information.