Saving for your children’s education is a high priority for many people. With college costs continuing to rise faster than inflation, creating an education savings plan can be complex and challenging. After determining which college savings strategy fits...
Some parts of this blog were updated on March 14, 2018 There’s no question about it: education is expensive. A recent survey found that a “moderate” college budget for a public school (in-state) averaged nearly $25,000 for the academic year. It’s never too...
KEY POINTS Every year the cost of education goes up, from back-to-school supplies to extracurricular activities. Parents spend an average of $672 each year per child and the most on new clothes and electronics. Maximize back-to-school savings by shopping at...
KEY POINTS Back to school can cost families of 5 upward of $3,000 for supplies and extracurricular activities. Recycle school supplies from last year, buy new supplies during off season sales, and plan year round. Set a sports budget and gauge what you can...
KEY POINTS Why the 529 plan is the gold standard for college savings. You can always change the beneficiary on the account in case your kids don’t need the funds. Pay for books, computers, and other fees – all from the 529 too. College is...
KEY POINTS Start teaching your kid about money and credit way before college. Help your teenager find and use a money-tracking app they actually like. Make sure you share a payment platform in case of emergencies. So it’s almost time to send your kid off to...
KEY POINTS Save every month for your kid’s college tuition. Decide if a 529, IRA, or Roth IRA is the best vehicle for you. Always consider the consequences of putting college savings before retirement savings. We’ve all watched in dismay as the price...
KEY POINTS 40 million Americans face education-related debt – so you’re not alone. Consider refinancing your student loans, changing up your payment cycle, or automating your payments. If you’re eligible, take a serious look at loan...
KEY POINTS On average, college graduates in 2015 each graduated with more than $35,000 in debt. ave money with alternatives to traditional textbooks, scholarships, and meal plans. Get a campus job, but balance yourself with a night out every week. As...
I arrived in New York with an Ivy League degree, a job at a prestigious consulting firm waiting for me, and no clue at all how to manage my money. My Economics degree and a summer internship on Wall Street had taught me how to think about global markets, but...
