Tag: family finances

November 7, 2025 Off

The Family Finances Survival Guide

By The Admiral Staff

Starting a family is expensive, and it’s easy to accumulate debt. To avoid this, the article suggests five strategies: maximizing Health Savings Account contributions, opening a 529 account for future college expenses, building an emergency fund to cover unexpected costs, setting up automatic payments to avoid late fees, and remembering that children won’t remember extravagant purchases, so prioritize financial security over excessive spending.

November 15, 2023 Off

The Unexpected Freedom of Less

By The Admiral Staff

Dawn Madsen, a mother of four, found that embracing minimalism seven years ago significantly improved her family’s life, leading to debt freedom and a shift in focus from material possessions to experiences and family time. Initially motivated by an overwhelming amount of clutter, she began decluttering, eventually saving hundreds of dollars monthly and paying off $130,000 in debt within two years. Madsen advises those interested in minimalism to learn about it first, start by decluttering children’s belongings