Education
15 Tips to Avoid Overspending for First-Time College Students (GP)
April 15, 2008 :: Education, Money :: 17 Comments
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 be learning before leaving ...
Pay For College Or Make Them Work For It? (GP)
February 22, 2008 :: Education :: 33 Comments
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 ...
Dave Ramsey Gives Bad College Savings Advice!
January 16, 2008 :: Education :: 35 Comments
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 ...
How To Keep Your Skills Current
November 7, 2007 :: Education, Job and Career :: 11 Comments
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 ...
7 Ways To Get A College Degree For Less
October 18, 2007 :: Education :: 17 Comments
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 ...
529 College Savings Plan for Our Son
October 12, 2007 :: Education, Investing, Taxes :: 21 Comments
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 ...
Can we actually save too much for college?
September 20, 2007 :: Education :: 14 Comments
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 ...
Why not teach money management to kids in high school?
September 14, 2007 :: Education :: 23 Comments
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 ...
Saving $250,000 for my son’s college education
September 10, 2007 :: Education, Investing, Taxes :: 24 Comments
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, ...
7 Mistakes I Made When I Went to College
August 10, 2007 :: Education :: 8 Comments
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 ...
My Kid’s College Costs will be $467,000! Are You Kidding Me?
August 8, 2007 :: Education :: 18 Comments
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 ...
