Best Money Tips: 7 Ways to Help a Family Member Financially

by Linsey Knerl on 26 April 2010 1 comment
Photo: pierre bédat

Welcome to Wise Bread's Best Money Tips roundup. Today, we give you everything you need to know before helping a family member with cash, instructions for making your own dishwasher detergent, and the key to growing a $25K college nest egg for your kids!

Top 5 Articles

7 Ways to Help a Family Member Financially Without Damaging Your Relationship — It’s possible to lend a helping hand without ending up in small claims court. (And these tips can work well for anyone you want to assist!) Dough Roller

How to Decide Between a Prepaid or Contract Wireless Plan — There is lots of info to take in here, but you’ll be better informed by reading it. How does your plan rate? Lifehacker

Two Jobs Every Person Should Try Before “Growing Up” — I’ve only done one of these jobs, but I already agree with what the poster is saying. Whether you’ve grown up or not, you still may have some room to learn. Planting Dollars

Go Green and Save Green: Homemade Dishwasher Detergent — I’ve seen tutorials on DIY laundry soap, but this remedy for homemade dish soap is a first! Watch the video for the full details. Mummy Deals

Give Your Kids a $25,000 Graduation Present — This idea for gifting a giant nest egg to your recent college grad is ambitious, and anyone can start it as early as birth. I love these tips! Frugal to Rich

Other Essential Reading

Top 10 Green Cars According to Kelley Blue Book — These are the cream of the crop according to the famous little vehicle pricing manual. Get the details before you buy! Consumerism Commentary

Greenwashing: Avoid Eco-Hype — Think that buying carbon credits will erase the damage of past environmental transgressions? Think again. The Green Guide

Top 10 Twitter Accounts All Men Should Follow — Are you male? Dig the Twittersphere? This list is for you. Ask Men

Five Steps to Turn Your Hobby Into a Business — Before you get too eager to leave your day job for that new pastime you picked up, get the facts and some great pointers! Money Talks News

Does Rewashing Ziploc Bags Really Save You Money? The comments are key to this surprisingly lively debate. Is it even about the money? The Simple Dollar

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denise

Thank you for this wonderfully helpful post! I have been having a dilemma with helping a family member without hurting their pride and this really gives me some great ideas about how to do that. One way I have already tried is collecting unwanted gift cards from friends and family and giving them to the struggling family member. They can either use them or sell them on a site like mercardi.com/home