Category Archives: Education

Student Loans: How to Pay Them Off and Build Wealth

By David John Marotta and Beth Anderson Nedelisky The average college student graduates with almost $20,000 in student loans. While this is a daunting sum, it is still possible to build wealth even while paying off student debt. But earning … Continue reading

Posted in Budgeting, Debt, Education, Investing, Personal Finance, Taxes | 37 Comments

Visualize Credit Card Use: That $8.50 Lunch Costs You $850 at Age 63 and $8,500 by Age 85

By David John Marotta If your credit card minimum payment was $10 and you repaid it every month for 15 1/2 years with an accruing interest of 15.9%, a $1,000 purchase would end up costing $2,250. Every time you use … Continue reading

Posted in Credit Cards, Debt, Education, Investing, Personal Finance, Retirement, Shopping | 5 Comments

How to Curb Over-Generated Art Without Curbing the Imagination

Babies draw. Toddlers draw. Kids draw. They color from the first time they get a crayon in their hand to the time they learn to write, as sketches and drawings are their best way of written communication and expression. As … Continue reading

Posted in Education | 2 Comments

Box Tops for Education – The Costs and Benefits

A few years ago, my parents’ church was collecting Campbell’s Soup labels for a school that was saving them up to get a van. I hate to throw away anything that somebody can use, so I started saving my family’s … Continue reading

Posted in Education, Shopping | 7 Comments

Kindergarten, Money and Positive Incentives

For the first day of kindergarten, I walked in to my daughter’s classroom and at each child’s place at the table lay 3 pennies. These were fake pennies, but as our kindergarten information packet stated, they were worth something. Every … Continue reading

Posted in Education, Personal Finance, Relationships, X Files | 2 Comments

Saving Secrets: How To Save Money Buying School Supplies

I remember my mother being hit with that little piece of paper once a year: the school supply list specifying discretely the ways your child will be ridiculed if you skip something, or worse, choose to empty your wallet on … Continue reading

Posted in Education, Saving Money, Shopping | 9 Comments

Why Getting a Degree Isn’t Always a Sound Financial Decision

The idea of getting a college education for the sake of learning how to think has become passé. Now, young people see college as an investment, thinking, “If I (or my parents) pay to earn a degree now, I can … Continue reading

Posted in Education, Making Money, Personal Finance, Work | 16 Comments

The Student Loan Tax Break Information Loan Brokers Won’t Tell You

I think almost every week I hear someone who makes over $70k a year mention their wonderful student loan interest tax deduction. It’s time to take a few minutes to educate the masses about the student loan interest. Plain and … Continue reading

Posted in Debt, Education, Taxes | 6 Comments

Student Loan Consolidation (Your Advice)

Knowing the best course of action to take on your student loans is often a difficult maze to work your way through. That is the question from this reader: I was looking into federal student loan consolidation on a $12,828.19 … Continue reading

Posted in Education, Personal Finance, Saving Money | 14 Comments

How to Start a Lending Library for Your Organization

Public libraries are great money savers for readers, but what can you do if your reading interests are more specialized than those of the general public? Many community organizations, historical societies, and places of worship offer small libraries of special-interest … Continue reading

Posted in Education, Personal Finance | Tagged | 23 Comments

23 Pieces of Advice that College Graduates Don’t Want to Hear

You’ve finally done it — earned that coveted diploma. You’re feeling a bit cocky. Your parents are wondering why they had to pay for your expensive education when you already knew everything. Now it’s time to enter The Real World, … Continue reading

Posted in Budgeting, Cars, Credit Cards, Debt, Education, Insurance, Personal Finance, Saving Money, Work | 13 Comments

Are You More Financially Adept Than A 5th Grader?

This is a question that Chicago Tribune columnist Gregory Karp asks in his latest column while giving the following quiz: 1. You desperately want a new baseball glove that costs $50 but you only have $30 saved. What should you … Continue reading

Posted in Education, Personal Finance | 3 Comments

What’s The Best Way To Give Allowance? (Your Advice)

Kids and money. It is an important subject, but one where if can often be confusing on what is the best way to teach financial fundamentals. That is the question that this reader asks: I am looking for suggestions on … Continue reading

Posted in Education, Personal Finance | 6 Comments

Can You Help Me Figure Out How To Afford To Attend College? (Your Advice)

Most of those who attend college don’t have their parents paying for it or have a scholarship that pays for a full ride. That means that they are responsible for at least a portion of the cost of going to … Continue reading

Posted in Education, Saving Money | Tagged , , , , | 9 Comments

How Should I Invest For My Kids’ College Education? (Your Advice)

If you have kids, one of the issues that you need to consider is what you are going to do about college expenses and if you do decide to save money to pay for college expenses, where is the best … Continue reading

Posted in Education, Personal Finance | 5 Comments

Your Car Is Not An Investment – And Neither Are Some Of the Other Things You’re Pretending Are

In order to justify expensive purchases, many people, including plenty of otherwise very intelligent folks, like to refer to certain types of spending sprees as “investments.” Luckily for me, from the time I was about four years old, my father … Continue reading

Posted in Cars, Education, Investing, Personal Finance, Shopping | 20 Comments

Using Son’s Gift Money For Something Else (Your Advice)

Sometimes a situation arises when you must make a decision on whether to use money that you had earmarked for a specific event for something other than its intended purpose. These financial decisions can be some of the hardest to … Continue reading

Posted in Credit Cards, Debt, Education, Medical, Personal Finance | 19 Comments

The Ten Best Things You Can Do For Your Children’s Financial Future

According to a recent Charles Schwab Financial Services survey of 1000 teenagers between the ages of 13 and 18, the average teenager believes that they will earn an annual salary of $145,000 a year. Teenage boys believe that they will … Continue reading

Posted in Budgeting, Education, Personal Finance, Saving Money, X Files | 9 Comments

How To Approach Any Financial Question

One thing that people often fail to realize is that personal finance advice in not cookie cutter information. Everybody’s situation is different and what may be appropriate for 99% of the people may not necessarily be the best for you. … Continue reading

Posted in Education, Personal Finance, Saving Money, Work | 3 Comments

“Free School” At A Cost Of $10,000

This isn’t your typical school. Imagine a school where there are no grades, classes, tests, or homework. Instead, the students, who range from ages 5 to 15, can do whatever they want all day. And for letting the kids do … Continue reading

Posted in Education | 3 Comments