To say that college costs have skyrocketed is an understatement. After adjusting for inflation, CNBC notes that average tuition for private colleges rose from $15,160 in 1988 to $34,740 in 2018. Both of those figures are in today’s dollars, marking a 129% increase. For public universities, average tuition rose from $3,190 to $9,970 over the
You searched for
Compounding Interest
12 articles
Prospective homebuyers with bad credit face a difficult choice. Homeownership comes with plenty of perks, but it also has drawbacks. If your credit is less than perfect, should you consider buying a home — and could it actually help you get your finances back on track? Learn more here.
Could you live on half your current budget? Your knee-jerk reaction was probably no. But you likely did live on a fraction of your current budget in your early 20s. So what happened? It’s called lifestyle inflation, and if you want to build wealth fast, follow these tips to avoid it.
When you reach your 50s, you can no longer afford the illusion that retirement is some far-distant concern for another day. You need to laser focus on long-term financial planning and begin adjusting your budget as you get older and your needs change. Learn the smart money moves to make in your 50s.
Roughly 7 in 10 college students graduate with student loan debt averaging around $30,000. If you want to dodge that bullet, follow these education strategies before you enroll, during your college years, and after earning your college degree to reduce or avoid student loan debt entirely.
Too many 20-somethings chase higher incomes with no clear endgame — and spend every penny along the way, entering their 30s with no financial assets to show for it. Make these smart financial moves in your 20s and you’ll find better footing in every area of your life, not just your finances.
The growing number of self-employed freelancers and entrepreneurs in the U.S. face unique retirement challenges. Here are six retirement challenges that self-employed Americans face, along with tips for mitigating them and getting back on track for retirement as a freelancer or small-business owner.
When it comes to hiring a contractor for home repairs or renovations, getting a reasonable price for quality work finished on schedule doesn’t have to be a nightmare. The tricks are preparation and negotiation. These tips for negotiating with contractors will ensure you never get overcharged again.
Too many high earners confuse income with wealth. But the trappings of wealth are not the same as wealth itself. These 15 common mistakes made by six-figure earners prevent them from accumulating permanent wealth.
The almighty dollar can cause us more stress than work, family, and even our health, often because we spend too much and save too little — or nothing at all. Learn why you should maintain three types of savings — emergency, retirement, and personal savings — and how much you should save for each.
“Should I invest or pay off debts first?” It’s a question that challenges the masses. For most people, the answer is a mix of aggressively paying off high-interest debt, making minimum payments on other debts, then reallocating the funds to tap into the market. Find out how to do it here.
Conventional wisdom says that, over time, stocks outperform nearly every other asset class, but what is their true long-term average return? And how does the average stock investor fare compared to the major indexes? Read on to learn what you can realistically expect from long-term stock investing.