College is expensive. As with all expensive things, planning and talking through plans – even hopes and dreams – can make the situation more affordable in the long run.
Case in point: paying for college. Back in the 1960’s, 70’s and 80’s when a lot of the people reading this note went to college, college was mostly affordable depending on the choice of schools. The most expensive colleges and universities cost less than $15,000 or $20,000 per year (definitely, in the 1960’s and 1970’s). Although families still struggled to pay the cost for college in lots of cases.
College graduation may have been a long, long time ago for some of us or more recently for others – or for your kids or grandkids.
Inspired by this weekend’s upcoming graduation at the University of Notre Dame and “graduation season” in general I offer several basic pieces of personal financial advice that hold meaning for nearly everyone at every age.
More on Saving. Saving is a critical subject at all ages — for the simple reason that savings and investments give people choices at various points in life. In my latest series, I have broken down the concept of Saving into “4 Quadrants”:
Trump, Comey, Mueller, Twitter, Fox News, CNN….it is all getting more than a bit chaotic. Even the stock and bond markets jumped into the fray and took notice:
The Dow Jones Industrials had their biggest down day since September on Wednesday (down a mere 1.8% but still up 12.4% since the November 2016 Presidential election).
The 10-year US Treasury rose on “safe-haven buying” with its yield moving down (meaning its price rose) 10 basis points from 2.34% early Tuesday to 2.23% during the day Wednesday. That’s a darn big one-day move for the 10-year US Treasury note yield.