It is the time of year that many spend time with friends and family and enjoy some holiday cheer. For many businesses, this is the time of the year they go from being in the red to being in the black or finally turning a profit. Why is this so? It is due to the …
We’re reading more and more about the escalating costs of college and how unprepared young adults are to manage their own money. We’re not judging. We were financial nightmares ourselves. In hindsight, we feel we weren’t given sufficient tools to be prepared. Blame that on upbringing or education or whatever.
Personal finance education isn’t coming from school anytime soon. What’s a parent to do? What if you treat your high school-aged child as a roommate? Ha!? What? Why would you do that?
College tuition has skyrocketed over last couple of decades. While median family income since 2002 has risen only 1.9%, the average annual growth for state college tuition has risen about 8%. For the 2013-2014 academic year, the annual increase dropped to 2.9%. This positive anomaly is good for college students, but it is still higher than the median family income rise by 1%.
Learn how you can reduce expenses for college.