In our Money Mic series, we hand over the podium to people with controversial views about money. These are their views, not ours, but we welcome your responses. Today, one woman shares how she made saving for her kids’ college education her top priority — stashing away thousands years before her daughter and son were even …
At some point in your decision to go to college or get an advanced degree, you may need to ask yourself an extremely important question: How much money do I need to borrow? The key word there is “need.” If you’re lucky (or plan extremely well), the answer is “none,” and you can enjoy getting an …
Q. My son is turning 18 and I’ve saved more than $ 200,000 for him for college. He doesn’t want to go. Some of the money is in UTMAs, some in a 529 Plan and some in savings bonds. I don’t want him to live off the money and not get a job. Help! A. …
With college expenses at some of the best schools now exceeding $ 60,000 per year, education-related expenses are often one of the biggest obstacles many baby boomers face when saving for their own retirement. For many families, planning for a college education goes hand in hand with IRA’s and retirement planning. Retirement Assets are Exempt …
If you have a child and are saving for their college fund, chances are you’ve heard of the company Upromise. Upromise is a company that offers consumers a membership service that allows them to save money for college. When consumers make a purchase or buy a service from a Upromise partner merchant they then receive …
The following guest post was contributed by Elle from CoupleMoney If you would like to contribute a guest post, click here. Preparing for the Baby’s College Fund From time to time, I get feedback from Couple Money readers. It’s something that I enjoy and try to respond to. After my recent post on preparing the …
Sheilah “Dear Steve, We make good money. Have 5 credit cards totalling $73,500. Already have a loan out on my 401K. I’ve got a child going off to college in two years. Creditors are now increasing my interest rate (they say across the board) because my credit rating is less than 719. I am so …
“Dear Steve, I will try to make a long story short…Currently have approx $38K in credit card debt, $30K in HELOC, $195K in first mortgage, $8K in car loan. Husband is collecting disability for heart condition and works part-time. Our combined income with disability for husband and payments for our children, his part-time income and …
“Dear Steve, I have just turned 50 and my wife will be 49 in two months. We currently have roughly $177,000 in unsecured debt, mortgage for $183.000 on our home, a Home Equity Line of Credit for $50,000 and a loan of $64,000 against some acreage. We also have two car payments that total $575 …