How Do Robo Advisors Work?
Robo investing can be a simple, low-cost way to start investing. Hereâs a look at how robo investing could work for you.
The post How Do Robo Advisors Work? appeared first on SoFi.
saving for college
How âMean Moms’ Teach Their Kids About Money
Teaching your kids about money is essential. See how to tackle the task and the best lessons you can share.
Your guide to savings accounts for grandchildren
Make sure you keep these considerations in mind when opening a savings account for a grandchild.
The post Your guide to savings accounts for grandchildren appeared first on Discover Bank – Banking Topics Blog.
An Education in College Savings
September is not only time to go back to school, itâs National College Savings Month making it the perfect time to think ahead and take steps toward saving for the kidsâ college education. After all, tuition, which has increased faster than the rate of inflation for decades now, is among one the biggest expenses families
The post An Education in College Savings appeared first on MintLife Blog.
Saving for college when time is on your side
According to the Federal Reserve, the average amount of student loan debt carried by a student graduating in 2012Â reached a staggering $24,301. And that isn’t the only scary student loan statistic. Overall, student loan debt in the U.S. has reached a cumulative $902 billion dollars, and loan delinquencies are at an all-time high. This is depressing news for everyone, including those of us who want our children to be able to go to college.
Saving for an unpredictable future
Since my kids are so young, I shudder at the thought of what a college education could cost when they graduate from high school. College tuition has outpaced inflation at an astronomical rate. And worse yet, the job outlook for college graduates isn’t all that great. In addition to all of that uncertainty, I’ve found it difficult to do much planning since there are a gazillion possible outcomes. Will my kids go to community college? An in-state university? Will they pursue an advanced degree? At this point, I cannot possibly answer these questions. Still, I haven’t lost hope that I can help them avoid taking on a soul-crushing amount of student loan debt. I certainly can’t predict the future, but I can at least try to prepare for it. And while I don’t necessarily plan on paying for all of the costs of my kids’ college education, I do want to help them as much as I can.
UNest Review: An App That Allows Friends and Family to Contribute to a UTMA Account
The post UNest Review: An App That Allows Friends and Family to Contribute to a UTMA Account appeared first on Well Kept Wallet.
4 Surprising Moments to Start Saving for College
When is the right time to start saving for college? Most financial experts will tell you âright nowâ or âas soon as possible.â Indeed, if youâre in a financial position to start saving today, you should â even if your child isnât born yet (more on that later). But there are many reasons that you
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5 Common Mistakes in Saving for College (and How to Avoid Them)
Getting to college is hard work! Your kids will study for years, balance extracurricular activities, take challenging exams, and then spend hours agonizing over college essays. Then, finally, the good news arrives: Theyâve been accepted to a stellar college! Is that moment joyful, or stressful? All too often, parents are not financially prepared to send
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Alternative Ways to Pay for College
Imagine a day when a college degree takes just one year to complete. Tuition is free and, upon graduation, companies like Spotify and Lyft want to hire you. Adam Braun, founder of MissionU, wants that day to be now. Earlier this summer I spoke with Braun to learn more about his latest venture MissionU, a
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Stock Market Predictions and the Future of Bitcoins: Mint.com’s Personal Finance Expert Weighs In
MintLife investing expert Matthew Amster-Burton is answering questions from Mint.com Facebook fans. If youâd like to ask Matthew a question about investing, retirement planning, or saving for college, drop us an email. MintLife reader Patrick asks: Would you consider an ETF like QQQ or SPY for a 5- to 7-year investment, or are these funds overvalued in the taper or non-taper environment? and reader Nandar asks:
The post Stock Market Predictions and the Future of Bitcoins: Mint.com’s Personal Finance Expert Weighs In appeared first on MintLife Blog.