Preparing for College Funding Part II: In my last post, I started to explain the different ways that parents (or whomever) can prepare for college funding. This post covers 4 additional ways. Again, here is a handy dandy chart: Like Traditional IRAs, contribution limits apply to Roth IRAs. In addition, with a Roth IRA, your …
Budgeting
College Funding
College Funding Part I: May is “529” month (get it- 5/29? It’s a complete dad joke). I will be talking about college funding. Do you have a child or grandchild that will someday attend college? Great, now go back in time and start saving a lot of money about 5 years before they were born, …
Teaching Children About Money
Teaching Children About Money If you have children or grandchildren, or if you have a special relationship with your niece or nephew or the child of a dear friend, you can enrich their lives in many ways. One of the most important things you can do is teaching children about money and how they manage …
Emergency Savings
Emergency Savings The government shutdown has shed light on a problem that plagues many in this country: what would you do, if you suddenly were out of a job, or missed a paycheck? That’s what credit cards are for, right? Spoiler alert: No. Pretty much any financial coach is going to tell you that one …
Budgeting
Budget. The 6-letter dirty word. After the series of blog posts on debt, I figured I should talk about budgeting, even though, if you’re like most people, you’re not interested. A Gallup poll showed that less than 1/3 of Americans (32%) actually keep a formal budget, and that you are most likely to have a budget if …