Penny Compass covers the money questions that come with working for yourself, raising a family and traveling abroad. Each guide takes one practical question, walks through the numbers with a simple labeled example, and lists what to check in your own documents, statements or policy wording.
What we cover
- Self-Employed Money – setting aside money for taxes, invoicing and payment terms, separating business and personal finances, pricing your time and reading a profit and loss statement.
- Family Finances – teaching kids about money, allowance systems, how education savings plans generally work, the costs of a new baby and money conversations with aging parents.
- Travel & Currency – exchange rates, dynamic currency conversion, travel budgets, foreign transaction and ATM fees, and what travel insurance usually covers.
How guides are written
Examples use round, clearly labeled illustration numbers that we calculate in the article; they are not quotes of current tax rates, exchange rates, fees or legal limits. We do not recommend specific banks, cards, insurers, apps or other products, and we do not accept payment for coverage.
Content is general education, not personal financial advice; see the Disclaimer.
Corrections
If you spot an error or something that is out of date, please write to [email protected]. We review every message and update articles when needed.