Saving for your child’s college tuition can be a difficult task, especially in today’s economy. According to a study by Sallie Mae, 60% American families save regularly for their child’s college tuition. A surprising 24% of parents who save, however, admit to using their retirement savings to cover tuition for their children…
The Blog
How to Save Hundreds of Dollars By Taking a Day Off Work
Do you have a to do list that includes items you should have accomplished a year ago? If you do, you are what I call normal. The January 2010 issue of the Sound Mind Investing Newsletter discussed something called a “fiscal health day” (a term they borrowed from a Ron Lieber article in the New […]
Words of Encouragement For Tough Times:
As America experiences foreclosures galore, coupled with extended periods of high unemployment and ever increasing bankruptcies, our individual and corporate challenge is this: “How do you handle tough times?” The above quiz is only a snippet of how, throughout history, trials have catapulted people into greatness…
6 Retirement Planning Tips For Middle-Aged Procrastinators
My 56 year old friend Colin (fictitious name), recently told me that he plans to retire at age 65 and then kick back and do what he wants. His retirement will include traveling when and where he (and his wife) choose, driving his vehicle of choice and pretty much living the good life…
Success Story: Tithing and Paying Off A House In 5 Years
In 2005 I began tithing regularly. I got introduced to the concept that all things belong to God and I am merely a steward. At the time I had been renting an apartment for two years and finally I decided to get a place to my own. I turned 30 that year and somehow my life’s priorities were changing both in the material and spiritual sense…
Long Term Care Insurance: Are Seniors The Only Ones Who Need it?
Many in their 40s and 50s begin to wonder about long-term care insurance. They may be taking care of an aging parent or seeing someone they love that needs an assisted living facility, in home health care, or a nursing home. So that brings up an interesting question: who needs long-term care insurance?
Should You Sell Your House to Pay Off Debt?
“Help!” you are crying. “My debt load is weighting me down so much that I am considering selling my house to get rid of it. Should I?” Although I appreciate your willingness to sacrifice in order to dump debt, selling your house may not be the best way. Ask yourself the following question: Why am I in debt?
8 Money Questions That Have a Lasting Impact on Your Finances
Making decisions can be hard work. Sometimes I get tired of trying to choose between all the options of life. Truth be told, some decisions that I thought were important turned out to have little or no impact on my life. Other decisions that I made are still impacting me (either positively or negatively). In […]
