We all know how expensive it can be to raise children, but often parents don’t realize the full extent of the costs. Parents now spend an average of $233,000 on each child between birth and the age of 18 (http://money.cnn.com/2017/01/09/pf/cost-of-raising-a-child-2015/index.html).
Nearly 7 in 10 seniors who graduated from public and non-profit colleges in 2015 had student loan debt, with an average of $30,100 per borrower, according to the Institute for College Access & Success. While it may seem like a lot of debt to overcome, especially when graduates are just beginning their careers, the
If you’ve ever applied for life insurance, you know that insurers have a tendency to favor applicants who are healthy and active — after all, they’re in the business of betting against having to pay death benefits any time soon. The longer their clients live, the more premiums they gather and the more profits they make.
June is graduation season, and for those who are moving on to higher education or entering the workforce for the first time, it is important to carry the timeless wisdom that comes from beyond the textbooks. Everyone could all use some reminders of the lessons that we sometimes overlook in our finances. Here are some guidelines to start, or continue, to live by:
Living on a fixed income poses a significant challenge for many retirees. Unless you're willing to work part-time in retirement, once you leave your career behind, your options for generating extra cash will be limited at best. That's why it's vital to stretch your existing budget to the greatest extent possible. Here are a few ways to reduce your expenses in a big way.