Around 3 in 10 parents don’t yet have any college savings for their children, according to a recent Fidelity survey. Of the parents with savings, many parents haven’t accurately calculated what college will cost. Parents of preschoolers underestimated by around $110,000 what college would cost during their children’s years of attendance. Even parents with kids in high school were around $70,000 short in their guesses regarding how much college would cost in a few years.
Parents can use college cost calculators to estimate how much they’ll need to save for their children and can open a 529 account through a financial advisor or brokerage firm to fund future educational expenditures. The sooner parents start saving, the greater the chance they’ll be able to spare their kids from student loans.
THE MONA LISA Ever heard of it? The answer is most likely yes, considering it…
Buying used items is one of the top ways to consistently save money. However, not…
Some things really are better the second time around. In fact, many used items can…
Today, 1% of the U.S. population controls nearly 40% of its wealth. This level of…
A 2017 GOBankingRates survey revealed that more than half of Americans splurge on guilty pleasures.…
HISTORY’S BIGGEST TAX CHEATS There's an old saying that the only two things you can't…