Financial goals are never-ending. No matter your age or level of happiness, there’s always something you would like to use your hard-earned money for.
Here’s something that’s painfully obvious to all parents: college is expensive. The total average cost of a four-year, in-state public college is $90,760, according to the College Board. And, that cost is expected to only grow larger as college tuition and fees outpace inflation.
It’s a question often asked by parents, from new parents to grandparents: how much should I be saving for college?
Today much of our financial lives exist in cyber space, which means protecting your identity from hackers is now an important part of managing your money.
Let’s be honest: bonds are boring. Their relatively consistent and modest returns lack the daily excitement of erratic stock prices. So, when bonds do make headlines, it may be time to pay attention.
One important factor you can’t control in your financial life is government policy. And, recently, the Federal Reserve raised its policy interest rate by a quarter of a percentage point.
It doesn’t take a government report to know that prices are higher now than a year ago.
If you’ve filled up the gas tank, ordered a cheeseburger or tried to buy a new couch in the past year, then you’ve probably felt a little sticker shock due to rising inflation.
Wow, 2020 sure seemed to last forever, right? Now, we can finally, finally say goodbye… wait, being told that it is actually the end of 2021.
Your finances don’t necessarily follow the calendar, but some parts of the year are better for financial housekeeping than others. With tax season around the corner, the end of the year is a great time to review your finances and plan for the new year ahead.
“Inflation is caused by too much money chasing too few goods.” -Milton Friedman
