Cost of College Attendance: What Does It Mean?
When comparing colleges to figure out where to attend, a term that will pop up is the cost of attendance or COA. This term is specifically used to describe the total costs associated with attending a particular school and is officially established by the financial aid office each year. This process is required for a school to remain eligible to provide federal financial aid to its students.
A Clothing Compromise Teens and Parents Can Love
Parents, are you fed up with your teenagers nickel-and-diming you for the latest clothing that they just must have? Teenagers, are you sick and tired of your parents not understanding why you need those new jeans? Compromise by following this process. It may make both sides happy and teach teens some money skills.
Good Debt/Bad Debt
Not all debt is necessarily bad, particularly when it can help you build wealth. It?s important to know the difference between good debt and bad debt and how to sort the good from the bad. If you buy something that immediately goes down in value, that?s bad debt. Let?s say you buy disposable items or durable goods with a high-interest credit card, and you don?t pay the balance in full when the bill arrives.
Back-to-School Shopping: A Teachable Moment
Back-to-school shopping is an annual event perfect for talking to your kids about budgeting and saving money, and the difference between needs and wants.Kids need to be taught about why budgets matter or why spending more than you have budgeted should be avoided.
