The cost of college continues to climb, and unless something changes in how we treat higher education in this country, it’s not likely to come back down anytime soon. So for those of us who would like to help finance our children’s education, 529 Savings Plans provide for a smart investment. 529 Plans, sometimes called… Read More
Chicago’s Youth Connection Charter School Is Top High School Teaching Personal Finance Nationally
NEW YORK, N.Y. – Working in Support of Education (W!se), a New York City-based, national educational nonprofit, today announced that Chicago’s Youth Connection Charter School earned first place in the 2018 “100 Best W!se High Schools Teaching Personal Finance” rankings. W!se announced the annual rankings at a ceremony sponsored by Voya Financial®. The Youth Connection… Read More
Teaching Your Children About Credit (as reported by John Ulzheimer on www.thesimpledollar.com)
The key to avoiding debt or credit issues in one’s lifetime is knowledge. The more we know about credit, and the potential dangers out there, the better we can set ourselves up for success. And you are never too young to start worrying about credit. If you want to start your children off on the… Read More
The Magic of Compounding (as reported by J. D. Roth on www.getrichslowly.org)
$100 invested with an annual return of 8% (a conservative estimate of stock market returns) will be worth $108 in one year. At the end of year two it will be worth $116.64. That’s because you get 8% on the full $108 value at the end of year one, rather than just another $8 every… Read More
The Guide to Debt-Free Living (as reported by Catherine Alford on www.frugalrules.com)
Many Americans struggle to avoid debt for much of their lives. The goal for all of us, however, should be debt-free living. One way to learn how to live a debt-free life is to take a cue from those people who are already doing it. When we examine the lives of people who don’t take… Read More
Track Your Net Worth (as reported by Trent Hamm on www.thesimpledollar.com)
Your net worth, the combined value of all your assets (car, home, checking accounts, investments, etc.) is something that many people keep track of. And for good reason. This represents the total amount of wealth that you have accumulated over the course of your lifetime. And if managed correctly, you can see this value begin… Read More
Credit Card Perks (as reported by Rosie Spinks on quartz.qz.com)
For the responsible consumer, credit cards offer a lot of value. If you have a credit card already, and you make sure to pay off your balance each month, you may want to ask yourself what you’re getting from it. Smart credit card users know that they can get special perks for spending on their… Read More
What are Credit Unions? (as reported by Ryan Guina on cashmoneylife.com)
Have you considered joining a credit union? If you’re like most people, you don’t know what a credit union is. But the more you know, the more prepared you will be to manage your financial future. Credit unions are alternatives to traditional banks. The major difference between the two is that credit unions are non-profits,… Read More
High-Yield Checking (as reported by Sophia Bera on www.learnvest.com)
High-yield checking accounts offer the convenience of checking accounts, with growth potential similar to savings accounts. Though most banks offer some form of high-yield checking, many people are unaware that they exist. But these accounts can be great for certain people who wish to grow their wealth. For those among us who tend to keep… Read More
Most Dangerous Credit Card Mistakes (as reported by John on www.frugalrules.com)
Though credit cards offer convenience, among other advantages, they also come with risks. They often entice people to spend money that they don’t have on things they cannot afford. That’s why, as a nation, we are billions of dollars in credit card debt. The most dangerous mistake that people make with their credit cards is… Read More