Many of us raised in Hispanic families have been brought up with the saying, “If we have our health, we can do anything.” True enough – if we have our health, we are able to work, study, and take care of our loved ones. But even when we are healthy, what if we have to take care of children with their own health issues, hold down a job, and do it all as a single parent? 

By Jennifer Ryan Woods

Given the emphasis that Latinos place on family, it’s no wonder that so many are so willing to take on the task of caring for an elderly parent or a loved one that falls ill. But too often, these family caregivers plunge headfirst into the role without thinking through the strain and stress that will come with it – and the toll it may take on their own health. Some may think they have no choice, and for those it may be even more important to weigh the risks – the emotional stress, the physical strain, and the financial burden – against the reality of their current situation. 

These days, it’s nearly impossible to live debt-free. Most of us don’t have ready cash to pay for our cars, homes or college costs. For this reason, holding some amount of debt isn’t necessarily a bad thing.  A mortgage, for example, can provide you with certain tax advantages and may replace the rent you would otherwise have to pay; a student loan can help you earn a college degree that may lead to rewarding career.

(BPT) - Anticipating the future can be difficult, particularly when it comes to your finances. But with the improving economy, more people are taking a proactive approach to planning for tomorrow and beyond. This is particularly true of Hispanics, who overall are feeling more positive about their financial situation than in the past.