It is not unusual to worry about paying for the college costs of your child. If you have more than one, the pressure can be even greater. Fortunately, there are ways to navigate the process without cashing out your retirement while allowing your children to enjoy the college experience. With multiple children, it can be hard to determine what is fair and what is not when helping to pay for college. Making sure that you provide the documentation, such as tax forms, needed for your child to complete the FAFSA is the single most important thing you can do to help them with college expenses.
Tag: money
How to Achieve Financial Stability for Your Family
To give your family the best life possible, you’ll want to make sure that your finances are in order. Being financially stable will make paying for necessary household expenses easier and will also allow you to save money for college funds, emergencies, and other future financial endeavors less difficult. Following these useful tips can help you achieve the stability that will benefit your family’s finances.
3 Money Talks You Should Have With Your Adult Children
As a parent, there’s no greater pride than seeing your children grow up and make their way in the world. Of course, once they spread their wings to fly, you don’t want them circling right back to the nest to ask for money!
6 Great Ways to Make Some Money on the Side
As the cost of living continues to rise, it’s becoming more common for people of working age to scope out additional sources of income, especially since there is so much opportunity in a range of growing industries. If you’re considering starting up a side hustle, the first important question is – which industry best aligns with your skillset? Let’s take a look at a few options available in today’s marketplace.
3 Ways to Teach Your Children Financial Responsibility
When teaching children financial responsibility, it is always advisable to lead by example. Children like to imitate what adults do, so before you teach them about fiscal responsibility, you need to ask yourself whether you are financially responsible. It will be challenging to teach your kids what you don’t practice, as this will make them question your teachings.
Financial Literacy for Families
What is financial literacy? It can be defined as the ability to understand and apply financial skills. Many families across the country have a general idea of their financial standing but wish they knew more. Follow these tips to help improve your financial literacy and your financial standing to the best of your ability!
Improving Your Financial Situation as a Single Mom
If you’re a single mom, you’re likely strict about your spending. But sometimes, you just have too many bills to pay and not enough in the bank. You have a few options — change your habits or increase your income.
3 Tips for Teaching Your Kids About Money
If you’re a parent, you become familiar with your kids asking for money, and it’s completely understandable for you to get tired of dishing out cash at the drop of a hat. At some point, there comes a time when your kids need to learn a few very important lessons about the value of a dollar and hard work.
Frugal Families – 7 Ways to Save Money
Frugal families: how to save money? Photo by Michael Longmire on Unsplash A large family entails a lot of joy but like everything in life, it does come with a high cost. Luckily, the price is expressed in dollar bills so there are many ways to be thrifty. Frugal families have learned to cut corners and can boast […]
Saving for Your Children’s Education
Saving for your children’s education (or future financial needs). Photo by Sam Truong Dan on Unsplash The costs of higher education are high. According to the 2018 research by College Board, the bill for tuition and fees at public colleges is roughly $10,000, while the average at private colleges is about $35,000. Given these rising costs, it is […]