It is never too early to start thinking of saving for college. Yesterday, we talked about things to consider when developing a college savings plan. Today we’ll review various college savings options in more detail. College Savings Plan Considerations When choosing a savings plan, you should be aware of the following: Maximum contribution per year: […]
As another school year dawns, high school students everywhere are thinking of what will come next: college life and all that it entails. Meanwhile, their parents are thinking of the accompanying bills. Depending on where a student goes to school, college can entail books, dorm costs, meal plans, parking, and travel to/from home – in […]
We talk a lot about budgeting and making frugal choices – but what happens when you do everything right and still find yourself coming up short month after month? Or maybe your day-to-day cash flow is fine, but you find yourself needing cash to do things generally deemed financially smart – things like paying an […]
Many financially-savvy people have turned to online banks for their savings (and sometimes even checking) account needs. Online banks often provide higher interest rates and better customer service than traditional brick-and-mortar banks. Of course, the lack of a physical branch makes it harder to access your money immediately. Here’s my personal experience with one of […]
I am more motivated to save when I know exactly what I am saving for. I’ve found that two things help me stay on track with my savings: prioritizing my goals and planning in advance how each paycheck will be split between the goals. As I mentioned in my post on my financial tracking system, […]
When Madison ran my first guest post in early July, How to Get Control of Your Budget, several commenters asked for more information about the “detailed tracking system†I mentioned. Madison has graciously agreed to host another post so I can share my system with you – let’s dig in! The System I use an […]
About the author: Jill graduated from college two years ago. Since then she has developed a passion for personal finance. She’s currently studying for the Certified Financial Planner (CFP) exam, and hopes to become a full-time financial planner. Establishing a Budget When I first became interested in personal finance in the fall of 2007, one […]
