Tag Archives: budget

Families Cope with College Expenses

College tuition in the United States, one of the most expensive in the world, has increased an average of 50% in the past ten years, significantly affecting the budgets of families of Millennials across the country. And today 40 million graduates themselves are saddled with at least one loan – at an average of about $30,000. Total student debt has risen to over $1.2 trillion, affecting the ability of Millennials to move forward with other major purchases and causing many to return home as boomerang kids. Although a college education … Continue reading

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Financing your holidays

With the winter holiday season gearing up and soon moving into full swing, are you concerned about the financial impact of celebrating this year? With the economy still at a slow crawl, you may find that the extra expenses of entertaining, traveling and gift giving are enough to jeopardize your carefully crafted budget. But rather than waiting until January when the bills start rolling in, how about taking a stand now and challenging yourself to stay within your financial plan. If you are a Millennial yourself – or even the … Continue reading

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Covering Expenses of Adult Children

A recent Harris Interactive poll found that 40% of parents of adult children were still paying for their digital services such as cellphone data plans and streaming entertainment. Two years ago, another survey by Harris found that 60% of parents were providing financial support to their adult children – housing, transportation, living expenses, insurance, medical – even after they had completed college. Are you one of these? If you’re a parent continuing to support your adult children, it may be because of the relative lack of employment opportunities available to … Continue reading

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Supporting Grown Kids

Parenting today seems to be a lot more complicated than it was in the past. Do you home school, look for a charter or send your youngsters to public school? How do you protect your teens from bullies, substance abuse and on-line sexual predators? Where do you draw the line between supporting your college-age kids and being a helicopter parent? And now there’s a new set of decisions for parents of adult children – do you pay for their digital expenses even after they’re working and on their own? A … Continue reading

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