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).
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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
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: