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
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
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
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
Similar to the Frugal of Cheap Test, I am going to throw another one out there for your enjoyment. I hope that you’ll like this Financial IQ Test as much as the last one and find it somewhat educational as well. Please note that I’ve included a link or two for some questions. These links … Read more
The last few generations of Americans have been indoctrinated with the idea that a college degree is an absolute must-have in today’s economy. While this is mostly true, the answer to “To have a college degree or not to have a college degree, that is the question,” is not so black-and-white as it may first … Read more
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
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
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
At an early age, it is difficult to teach children about money. Learning comes much more easily when it is fun. Game nights are a family tradition in many households and throwing in one of these board games can combine fun with a little financial education. The board games provide the basic concept for what … Read more