When it comes to your student loans, you need to make sure that you are completely informed about them. There are tons of student loan myths that circulate, and you have to be sure that you don’t buy into them. If you start to believe all of these student loan myths, then you may find yourself in a pickle when it comes time to repay your loans. Below are some of the common myths that you need to ignore when you start to consider student loans. Student Loan Myths You Might Want to Ignore 1. You Can Have Your Loans … [Read more...] about 7 Student Loan Myths You Might Want To Ignore
There are more than 44 million people holding on to some piece of the $1.5 student loan debt pie. Future parents and new parents are understandably concerned about their children’s future ability to pay for college tuition, textbooks, room/board and all the other jaw-dropping expenses required to obtain a college degree nowadays. However, a new financial concern is looming on the horizon, and that's approaching retirement age with no savings. By the time you retire, perhaps your mortgage will finally be paid off and you won’t have any … [Read more...] about Should You Create a College Fund or Focus on Your Own Retirement?
When you’re preparing to have a baby, long-term considerations like paying for college tuition seem relatively unimportant compared to more immediate concerns. Instead, you're likely thinking about nursery room furniture, diapers, formula, and childcare.
However, the earlier you begin saving for the future, the better off your child will be in their teens and twenties. Here are investments new parents should make...
Top 4 Investments New Parent Should Make
529 College Savings Plan
There are two types of 529 plans, prepaid tuition … [Read more...] about
The following is a guest post by Irina Vasilescu from the blog, Don't Pay Full, about which is better a public or private college. If you'd like to guest post on Money Q&A, check out our guest posting guidelines.
On the surface, it seems like a simple question to answer. Which is better a public or private college? Which is a better investment? Surely, private colleges are cheaper, get you into less student debt, and you still get to graduate and earn the money back. But the real answer to this question is a whole lot more complex than … [Read more...] about
Retirement planning is one of the most important aspects of adulthood. If you don’t save for retirement as early as possible, then you risk not being able to retire from your job at all due. For single parents, planning for retirement might seem even more daunting because you’re playing the role of breadwinner and care provider for your family while trying to plan for your own future all at the same time. It can be exhausting trying to make enough money to meet your family’s needs, let alone have leftover money to put into … [Read more...] about A Single Parent’s Guide to Saving for Retirement
If you’re wondering whether there is still adequate time to invest in a college savings fund for your kid(s), you should go ahead and make the leap anyway. You don't want to rely just on student loans to fund their education or even the best private student loans. You can invest with a robo-advisor or go through a traditional college savings plan broker, depending on your family’s college savings goals. How to Save for College While Your Kid is in High School Start Investing in a 529 College Savings Plan One of the most important … [Read more...] about How to Save for College While Your Kid is in High School