Franziska Castillo

Franziska Castillo

Staff Writer

Recent Posts
Saving for Your Newborn

You’ve got the crib. The baby monitor. The stroller. The highest-rated-for-safety car seat. You’ve thought of everything for that newest member of your family. Or have you? What about your baby’s financial future? Related >> Household Budgets for Beginners: Simple Tips for Success What kind of account should you open for your child, and when should you do it? According to financial planning experts, it is never too soon to set up a savings account for…

Household Budgets for Beginners: Simple Tips for Success

We all know we should make and stick to a household budget if we want to be able to sock away savings each month—and end up financially comfortable. But building a household budget as a beginner can be daunting. Only one in three Americans takes the time to create a monthly budget, a recent Gallup poll showed. (I don’t need to tell you the rest of us are spending an inordinate amount of time looking…

Tandas: Informal Loan Clubs Where Trust Meets Need

As savers go, I’m somewhere between decent and so-so…or at least that’s what I thought until I saw a 22-year-old neighborhood kid who used to work with me saving $800 a month with his earnings, plus furnishing his own rental apartment (in New York!) and buying a piece of land in Mexico. Our other neighbor has three kids and she earns a pretty humble salary taking care of babies and cleaning houses—yet she too saves…