Saving for college

What is the Difference Between Saving and Investing?

Most of us innately know that saving and investing are not the same, but do we understand the difference? Because clarity in this distinction can greatly impact one’s financial well being, realizing these difference is vital. The key is in two words: risk and liquidity. Savings are low risk funds that must be liquid (available) [...]

Continue Reading →

You CAN Afford That Baby – 10 Money Saving Tips

You have read those cost projections for raising children. MSN, back in 2001 projected a cost of $249,180 (over $350,000 in 2010 dollars) for a family with a $65,800 or greater income. The Baby Center web site tells us the cost of raising a child from baby to adulthood is $266,698. The Wall Street Journal [...]

Continue Reading →

Dave Ramsey’s Baby Step 5: College Funding

photo credit: Will Hale Just getting to Step 5 indicates that you have been doing some great things with your finances. You are debt free, except for your house and you have a fully funded emergency fund. You are also investing 15% of your income toward retirement. Congratulations! Now, and not until now, is the [...]

Continue Reading →