Archive for the ‘College and Education’ Category

If you get a chance to talk to a college bound student, what advice would you give him or her? In this article, I am going to share a few tips based on my own experience. This article assumes that the student completed the application process and got accepted to a few [...]

This is a guest post by Tisha Kulak of CreditorWeb.
For both parents and students, off-to-school shopping can be an important financial lesson that should be shared. It is a prime opportunity for parents to get to teach their kids a few remaining lessons about budgeting and personal finance: two very important lessons college kids should [...]

Whenever the question of paying for college comes up, it seems to spark a heated debate. Some parents want to pay for it all, others are firm believers that their children should have to put themselves through college, and there is a third group that thinks half and half is a good solution. When we [...]

On Monday night, I stumbled upon the Dave Ramsey Prime Time on Fox Business Network Show, and stopped channel surfing to watch it. I heard about Dave Ramsey through my friends; many of whom greatly admire him — e.g., Ana, Randall, Lynnae, Gibble, and Mrs. Micah. Personally, I like how he helps thousands [...]

In “Getting A Good Job Is A Matter Of Luck?“, Minimum Wage asked, “How do you keep your skills current if you have a menial dead-end job?” I believe that despite your situation, where there’s a will, there’s a way. Since I don’t know where Minimum Wage lives and the kind of [...]

In addition to starting a 529 college savings plan for our son, I also have been looking at alternatives if my wife and I couldn’t reach our savings goal. These alternatives may come in handy if we run into some unforeseen financial difficulties. Aside from the usual financial aids (e.g., scholarships, grants, work-study, student [...]

Last month, I created a plan to save $5,000 a year for my son’s college savings. With a 10% CAGR, a contribution of $5,000 per year should grow to $250,000 in 17 years. At that time, I didn’t know what was the best investment vehicle for this plan. After a lot of research, we finally [...]

I shared some great posts with you in my weekly roundup about college savings. However, these posts and what I have written tend to focus on the dollar amount and savings vehicles. As part of the roundup post, Chief Family Officer commented that $250,000 may not be enough for a good private school:
“…I [...]

I have been giving this subject a lot of thought lately. After I read “Should Schools have Money Management Classes?,” an excellent post from Fortune Watch, I am finally going to write about this. As far as I can tell, there are two “real life” subjects being taught in high schools today: human [...]

In “My kid’s college costs will be $467,000! Are you kidding me?,” I may have gone too far toward the worst case scenario. After additional research at Savingforcollege.com, a more realistic number should be around $250,000 for 2024. Although I have not decided on the exact investment vehicle, I am leaning toward the [...]