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Should You Pay for Your Kid’s College Living Expenses?

Should You Pay for Your Kid's College Living Expenses? 1

A child born today that goes to college will pay over $200,000 in tuition and fees for the privilege. While most students will not pay “sticker price” due to scholarships and grants, you are still talking about a ton of cash. To generate $200,000 in 18 years of investment, you would need to save $4,370 every … Read more Should You Pay for Your Kid’s College Living Expenses?

Could You Survive on WIC and Food Stamps?

Could You Survive on WIC and Food Stamps? 6

With these tough economic times, many people are turning to food assistance from the government. Programs designed to help you pay for food are available. Yet such programs are not meant to completely pay for many families’ food needs. For the most part, such programs are meant to be supplemental. Depending on your situation, it … Read more Could You Survive on WIC and Food Stamps?

Which of the Five Money Personality Types Are You?

Which of the Five Money Personality Types Are You? 11

I’ve long been familiar with the concept of figuring out whether I’m a spender or a saver. However, it has always seemed to me that few of us fit easily into one of those two categories. As result, I was intrigued by the assertion by Bethany and Scott Palmer (“The Money Couple“) that there are … Read more Which of the Five Money Personality Types Are You?

What is a 529 College Savings Plan and How Does It Work [VIDEO]

The following is a video post from Jeff Rose, CFP at Good Financial Cents. The video gives a comprehensive overview of 529 College Savings Plan and how it works. Topics covered include: what is a 529 plan, who can contribute to the plan, who has control over the plan, different types of 529 plan, what … Read more What is a 529 College Savings Plan and How Does It Work [VIDEO]

Your Most Important Financial Decision: Choosing a Spouse

Your Most Important Financial Decision: Choosing a Spouse 22

I disagree with the common assumption that buying a house will be your biggest financial decision. I believe your choice of a marriage partner will be your single biggest financial decision.  Besides, who do you think is going to help you make the house decision? Therefore, make your spouse decision carefully.  The reasons go far, … Read more Your Most Important Financial Decision: Choosing a Spouse

5 Reasons Why Teens Should Work (Even if it Results in Lower Grades)

5 Reasons Why Teens Should Work (Even if it Results in Lower Grades) 27

Some parents worry about the double edged sword of teens and work.  On the one hand, there is some research that suggests teens who work might get lower grades.  On the other hand, a teenager who works will probably learn some important life skills.  Should your teen work?  What is more important – grades or … Read more 5 Reasons Why Teens Should Work (Even if it Results in Lower Grades)

Should Parents Have a Financial Double Standard For Sons and Daughters?

Should Parents Have a Financial Double Standard For Sons and Daughters? 31

I have two daughters and one son. They are all quite young (the oldest is four). At this moment when I look ahead to the future I am have the exact same financial plan for each of them. Currently, we financially treat them all the same. We save the same amount for college, buy the … Read more Should Parents Have a Financial Double Standard For Sons and Daughters?