After years of trying to start a family the old-fashioned way, Tom and I turned to fertility treatments. As we progressed through the years-long process, our financial burden neared $30,000. The kicker? We had only about $2,000 in savings.
So what are the most common financial blunders that newlyweds tend to make? We asked financial pros to pinpoint the eight biggest offenders -- and then offer up some advice for how to help right them early on.
A whole range of different factors contribute to your credit score, and there's no magic formula to a perfect credit score. Still, there's plenty to learn from the experiences of others.
Paying for college doesn't just begin in your first semester freshman year. Rather, prospective college students can expect to start funding their higher education in high school--when they send in their college applications.
If you plan to study abroad this year, relying strictly on cash and debit cards can be a gamble. Cash can easily be stolen. Debit cards can charge foreign transaction fees and don't have the same protections as credit cards. Rather than relying on cash, consider using credit cards responsibly for your overseas spending.
Your personal financial goals have great influence over your repayment plan choice. If your financial situation improves over time, you may be in a more comfortable position to make prepayments to eliminate your remaining student debt.
The say that eventually the child becomes the parent. In my mind, that's a situation that comes much much later in life when parents are old and frail and need help getting around. But I recently learned otherwise.
Paying for higher education is a major life expense and investment; however, the unknown costs to pay for textbooks can be overwhelming.
You have the option to spend thousands of dollars on a luxury vacation, and there's nothing wrong with that. Or, you could travel on a budget. Either way, learn how to save for travel and take a vacation each year.
With your fund, you have room to breathe. You don't have to panic if you have to visit the hospital emergency room, or your car breaks down, or the hot water heater blows.
Paul and Joan Ostroff went into debt trying to give their son, Andrew, a shot at getting past a learning disability so that he might be able to go to college. By the time they went to Consumer Credit Counseling for help in 2010, they owed $88,000 on about 20 credit cards.
Does every family on the block need their very own snow blower? Surely your babysitter could watch someone else's child at the same time. And do you really need to own a power drill or just use one every so often?
Come up with ten ideas for how two people can help each other. Introduce them and stay out of the way. This is real networking. Not fake networking where people hand business cards to strangers.
Yes, the IRS does allow penalty-free withdrawals of a limited amount of IRA funds for first-time homebuyers. However, as enticing as it appears, taking that withdrawal comes with certain caveats that you need to carefully consider.
To me, the stupidest investment question ever is the one that never gets asked. As an investor, how in the world will you become educated?