Moolanomy
Personal Finance. Investing. Wealth Building.

Category: College and Education

Saving $250,000 for my son’s college education

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 [...]

7 Mistakes I Made When I Went to College

I recently read a post by Personal Finance Advice, Why Getting a Degree Isn’t Always a Sound Financial Decision. I thought it was a well written post that presented a valid point. Do not get me wrong…I am a strong advocate for college education. However, this post did remind me about my [...]

My Kid’s College Costs will be $467,000! Are You Kidding Me?

In preparation for my first child, I started to think about saving for college. I found this neat calculator from SallieMae and tried it just to get an idea of how much will college costs 17 years from now (2024). Based on the site, the current average annual tuitions are:

$2,191 for two-year public colleges
$5,491 for [...]

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