Personal Finance Mastery

Are you considering investing in your child’s college education? Ever wonder which college savings program is right for your specific financial situation? Well you’ve come to the right place. In part 1, I discussed the 529 College Savings plans. You can read about the 529 college savings plan here:
529 College Savings [...]

Ever wonder which college savings plan is right for your child?  Through the myriad of choices, it can be quite complicated to figure out which plan makes sense to your specific financial situation.  In this 3-part series of  blog posts, I will talk about the types of college savings plans available.  
There are generally 3 [...]

 
 
 
Education Savings Account
The Cloverdell Education Savings Account(ESA) is a great tool that allows you to invest up to $2000 per year per child into the plan. Funds invested within the account grow tax deferred and then as long as the distributions are education related they are also tax free. 
Contribution
The $2000 maximum contribution applies both to [...]

The first year of college is a time of great change and growth both for the new student and for parents.  Freshman year means lots of new freedoms and responsibilities; for many its the first time out on their own, first time having to make and manage their own budget and first time having to [...]

In the midst of all the Back to School chaos I’m sure you’ve realized that one of your biggest expenses will be textbooks.  College textbooks can easily cost $100 per book and if you’re taking several classes this will add up very quickly.  While you might think that you don’t really have any other choice [...]

I came across this video on YouTube its an excerpt from CNN talking about Student Loan Debt in America.
Unfortunately embedding is disabled for this video so just click on the picture and it will redirect to the video on YouTube.
Some very alarming key points from the video:

Over 2/3 of US College Graduates have excessive [...]

I recently came across this live interactive Economic Literacy Test which is hosted on the website for the Federal Reserve Bank of Minneapolis. Originally it was a survey conducted by the Minnesota Center for Survey Research at the University [...]