Parents and grandparents who signed on to their kids’ private student loans are having trouble getting out of them, even when their student is successfully paying back the debt, a new report suggests.
In a perfect world, parents and educators (not to mention society) work hard to make sure that children are financially literate and consider money skills just as important as reading, writing and arithmetic. Our world sure doesn’t work like that, and you need to help your young kids learn basic financial skills the old-fashioned way: Teach by doing.
Congratulations, recent graduate: You just landed your first job and entered the real world. Now come tough questions about your financial well-being. Your decisions when starting out – from how to save to what to spend – influence your life far into the future.
Yes, you can get a bad financial plan, one that doesn’t cover every facet of your life. Like matching your income and your spending.
The lack of financial education is often the main reason behind debt problems. Here are some awesome books that help grow your financial knowledge and give you all the necessary tips and tricks to manage your debt.
Creating a budget, building an emergency fund and paying off debt: After building this solid foundation for your financial plan, now you start investing to meet long-term goals.
If you’re a millennial, aka Generation Y born between 1980 and 2000, you hear a lot about your age group facing high unemployment and overwhelming student loan debt. The news isn’t all bad: Gen Y saves more than almost every other generation and steadily increases its financial literacy.
Money issues often cause stress and arguments in relationships. If you and your partner disagree about how to handle money, here are tips on how to adjust to each other’s financial language and come up with one you share.
Paul Sullivan had a rough early life: a threadbare home, divorced parents, a lousy school and few prospects. Today, he is a highly regarded personal finance columnist for the New York Times, has a nice salary and lives in a wealthy suburb. How did that happen? Pluck and luck, yes, but also insights from savvy onlookers.
The Federal Reserve loves to print money. Governments love to spend it. So maybe the problem isn’t that the Fed has been printing too much money – the problem is that the Fed hasn’t been printing enough money to keep up with government spending.