In The College Solution, Lynn O’Shaughnessy provides an easy-to-use roadmap that you can use to find the right colleges (not just the most hyped) and to dramatically reduce your costs. In this excerpt, learn more about saving for college and your family’s expected financial contribution. Read more about financial aid and your family’s expected financial contribution. The formula does play [...]
Many of us look at our children and wish that they understood our attempts to teach them about money management, from why we’re nagging them to turn the lights off to what that wasted food means for our grocery budget. It’s all about the value of a dollar. We’d like our children to learn about what goes [...]
In The College Solution, Lynn O’Shaughnessy provides an easy-to-use roadmap that you can use to find the right colleges (not just the most hyped) and to dramatically reduce your costs. In this excerpt, learn more about saving for college and your family’s expected financial contribution. How rich is too rich to qualify for financial aid? A mother who [...]
The military is known for turning ordinary citizens into soldiers but not usually for teaching those soldiers about money management and how to handle their personal finances. However, the military did teach Steve Repak, Army veteran and Certified Financial Planner™, all he needed to know about personal finance so that he could dig himself out of debt and build his [...]
Everyone knows that saving money is important, whether it’s for retirement, for emergencies, or just for a rainy day. But if we don’t know why we’re saving money or what we’re saving for, savings strategies become increasingly ineffective. It’s easy to raid your savings when you need extra cash if the money is sitting there without purpose. “A lot [...]
Many of us, when we make purchases, look at the price only. We consider the sticker price of an item or service and then make a judgment based on how expensive or cheap it is. However, the upfront cost should not be the only consideration. Your calculations should consider an item’s total cost of ownership. [...]
When your refrigerator suddenly dies, you obviously have to buy another one, pronto. You don’t have time to save money for a new one or watch for a great sale. Similarly, if you realize your patio dining set isn’t party-worthy right before you host your family reunion, you’ll probably run out to buy new outdoor [...]
In the course of life, we learn so much from our mistakes as well as those of people we encounter. Let me share some important estate planning and estate-related lessons I have learned over the years. Providing for your children You love your children. You care about their financial and emotional well-being. And you’ve probably made some [...]
A few decades ago, if you had a job at any given company, you usually had career security—and possibly a pension. That employment setup has been replaced by one in which companies replace workers without too much thought, and the average person is expected to have more than five jobs over the course of a [...]
As teenagers are taking part-time and summer jobs to earn some spending cash and help with saving for college, now is a great time to start instilling some money management skills. Here are some details about paystubs that you can teach your teen as he or she enters the working world. Fundamentals of paychecks Whenever [...]
