If you’ve been reading my recent articles you may sense a theme (or an obsession) with figuring out the costs and benefits of going to college. There are clearly benefits of going to college, but it is a ‘big money decision’ and should only be made with the appropriate level of due diligence.
While the decision about which school is the “best fit” is somewhat subjective, the cost of obtaining a diploma and how to pay for it should be viewed more objectively. Continue reading “3 questions every parent and child should answer before choosing a college”
The great thing is that in this age of online subscription services you can select topics that matter to you and have the information delivered directly to you. I have a few different information services that feed updates on personal finance to my email and Twitter accounts. These feeds provide information on a range of topics and are particularly useful if you are nearing a significant life goal like starting or changing careers, or deciding when and where to retire. I receive feeds from a number of different sources, including those specific to industries or technologies I’m following for investing purposes. It’s easy to get overloaded and overwhelmed with all of the different sources, so I recommend getting started with a few that allow you to better understand how to financially plan for life events, stay on top of your money, and comparison shop products and services.
understanding of various financial areas, such as saving, spending, investing, insurance, budgeting, retirement and tax planning.
important section from my book, Following Your Money, on personal flow of funds. This fundamental personal finance concept was the inspiration for naming my website. Clearly in order to follow your money you must understand the concept of cash inflows and outflows, and most importantly how decisions regarding those flows will impact your ability to fund life events and goals.