My son will be going to college next year and we are working with him to narrow down his choices. After a first cut, we arrived at a list of 6 schools that he would be interested in attending based on location, programs, admissions requirements, and taking a campus tour. He applied to all 6, and we expect that he will get into at least 4 of them, but he could get into all 6. We now need to figure out how to help him further prioritize that list.
To help us make informed decisions, we are going to weigh both qualitative and quantitative criteria to prioritize the list. Continue reading “How to prioritize your list of colleges”
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.