How do you plan to fund your children’s education? You’re probably counting on scholarships and grants, right? Reliance on scholarships and grants is the highest in a decade, while college savings is on the decline, according to a new report from Sallie Mae. Savings covers less than one quarter of collegiate funding for the typical…
It Will Cost You More to Buy a Home The housing market topped a new threshold over the past week. Buoyed by a strong economy and a series of interest rate increases by the Federal Reserve, thirty-year fixed mortgage interest rates reached 4.61 percent – the highest number since May of 2011. Rates crossed the…
A new government report provides both good news and bad news about America’s massive consumer debt load. The bad news: America’s total consumer debt continues to rise. According to May’s G.19 Consumer Credit Report from the Federal Reserve, combined (revolving and nonrevolving) outstanding debt rose by $11.7 billion in March to reach $3.875 trillion –…
All investments incur some form of risk, but none quite as much as stocks. Given the volatility of stocks, some potential investors might be inherently averse to holding most of their assets in this format. On the plus side, the stock market is not the only place to invest. There are, in fact, excellent alternative…
One of the biggest problems facing everyday folks in the US is medical insurance. This is especially true in the absence of the personal mandate for Obamacare. Now that there are no longer any tax penalties in place, the IRS cannot punish folks for not having health coverage as from 2019. However, when medical emergencies…