Planning and Saving for College 101

  If you have children, then you likely have many hopes and dreams for them. One of those hopes and dreams may be a college education. According to the National Center for Education Statistics, the average all-inclusive (tuition, room and board, fees, etc) cost in 2014-15 (the latest figures they have available) of a public 4-year college was $18,632 annually. While it may feel like rising tuition and fees are pushing that dream further out of reach, there are things you can do right now and in the future to help manage the costs.   Save, Save, Save Obviously, if your child has some time before they’re leaving your nest for college, you should start socking away some money. One of the best ways to do this is by investing in a 529 plan. It’s a tax-sheltered account that families can use to…

Welcome!

When I decided to start this blog, I began by checking out what was already being shared by other bloggers in this same subject space. I found a lot of similar information being presented, which to some extent is expected because being successful in personal finance is, at its core, a matter of keeping both your wants and your needs below your earnings. The ways you choose to do that vary greatly and we’ve all heard some cost-cutting advice before. I will likely repeat some things you’ve already heard or know, but some information should be reiterated simply because it really works! After all, repetition is the key to learning and creating new habits. However, I also plan to set myself apart by introducing you to some new tips and ideas for saving and earning money on your way to financial wellness. I first became…