The credit boom of the late-1990s and early-2000s precipitated a cultural shift in how people thought about money. It seems hard to believe now but credit was so readily available during this period that people would simply take out a loan or credit card to pay for the things they wanted, and worry about the…
Most financial professionals would tell you that having an emergency fund is one of the first things you should establish when trying to get your finances in order. An emergency could occur as a result of a job loss, disability, or any other event that causes your source of income to be reduced or eliminated….
One thing we all have in common is the need for a roof over our heads. Yet many people debate whether they should rent or buy that roof. How do you know which is right for you? On one hand, home ownership is a big commitment that can be very expensive. On the other hand,…
In the previous post, we talked about using Coverdell ESA’s as a method of saving for college. While this is a useful tool, there’s another tool that may be better – the 529 Plan. What are some of the similarities and differences between the two?
Most parents hope to send their kids to college one day. But with rising costs, they look for different ways of saving to afford it. One method is through the Coverdell Education Savings Account. What is it? How does it work? What are some of its benefits and drawbacks?
