A four-year college education is expensive. Based on research by the College Board*, the published average annual cost of tuition and tuition fees for 2019-2020 at a four-year private college was $36,880. Tuition fees for in-state students at a four-year public school were on average $10,440 per year. Room and board are another charge. And… Continue reading
Experts say it’s never too soon to begin saving for retirement. But what can you do if you know you started too late? While starting early is still the best way to save for retirement, thanks to the power of compounding interest, the Internal Revenue Service (IRS) has given those savers who got off to… Continue reading
The goal for most parents is to raise children who grow up to be successful and independent. And young people who recently finished college are especially eager for independence. However, rent, student loan repayments and other financial obligations can make it a struggle to get started in life. Some parents may consider offering their children… Continue reading
People who are serious about improving their physical health know that it requires effort and a series of small steps taken over time. It’s much the same with improving your financial health. Here are some steps you can take to start or continue your journey to financial wellness. Look for Savings in Your Day-to-Day Spending… Continue reading
Personal finance experts tell us that ideally we should have 3-9 months’ worth of expenses saved in an emergency fund. But in reality, 63% of Americans don’t even have enough savings to cover a $500 emergency.¹ So why do so few follow the experts’ advice? Because for most of us, there is only so much… Continue reading
Sure, it would be nice to pay for unexpected expenses without pulling out a credit card, but that’s easier said than done, right? The secret to paying out-of-pocket to replace a refrigerator, that has lost its cool, is to build an emergency savings fund. Having money set aside for emergencies can help prevent you from… Continue reading
Everyone’s attitude toward investing and money is different. Yet, most people share some common situations throughout their lives. For instance, as you grow older time certainly affects how you invest for retirement, but what about other life stages that aren’t related to age? Let’s say you’re 40 and expecting your first child. You’ll need to… Continue reading