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Whether you have 12 weeks before your child attends college or 12 years before that big day, there are several ways to fund the cost of college. 529 plans are just one of the many options available to you for funding college education. Knowing all the options is important regardless of how soon your child is heading to college.
Establishing and maintaining good credit is important – whether you want to obtain a mortgage, a car loan, or a student loan, your creditworthiness is the key to your financial life. If you have bad credit, it will be more expensive for you to borrow money for any purpose because your interest rate will be higher.
A budget is a listing of your income and expenses with the goal of making your total income be equal to or greater than your total expenses.
Whether you have 12 weeks before your child attends college or 12 years before that big day, there are several ways to fund the cost of college. Don’t be distraught if you don’t have enough saved or if you think you might not be able to save all you need. Paying for college is typical a mix of savings, current earnings, scholarships, student loans and other loans.
If you have kids, no matter the age, you’ve probably at one point at least thought about how to
pay for college someday. If you don’t already have a plan in place, or if you have a plan, but
you’d like additional suggestions, we have a couple ideas to help you get started
Even more scary than your child leaving the nest may just be paying for their new nest! If your son or daughter will be attending college in the near future, you may already be experiencing some anxiety about how to pay for college tuition. Fortunately, there are several options you can look into for financial assistance.
In today’s world, younger generations possess a large amount of spending power and influence. This power is ideal for companies because many items kids buy fall under the “luxury” category, things like: games, music, and clothing.
Unfortunately, the advertisements that attract youth to these items usually work by making them feel insecure. Teenage years are often the easiest target because issues like body image, power, and peer acceptance are sought after by teens and easy for advertisers to focus on.
Whether your parents taught you at a young age how to handle money, or you’re ready to get a grip on it now, it’s never too late to be financially responsible. In many cases, college is the first experience we have that requires managing rent and other expenses. This is also a time period where college students make many mistakes. Below we have listed some common mistakes college students should avoid. If you’re aware of these lessons now, you won’t have to look back and regret your financial mistake later.