The following post was provided by guest contributor Angelina. Angelina has written articles about personal finance for a number of different websites. Recently she has been writing about the issue of personal debt and the fact that for those seeking debt consolidation, bad credit may not be as big an issue as you think. If you are interested in being a guest contributor for My Money Design, please feel free to contact me.
It should come as no surprise that tuition fees have once again risen. Your typical university can charge up to $13,500 a year now for just tuition and fees, and that doesn’t even count room and board!
Please don’t hate me. I’m very proud that you’ve been following my advice (and the advice of my PF blog constituents) to start saving for retirement, etc. But now we’re going to talk about something that may require you to dig just a little deeper into those pockets of yours:
“I Don’t Even Have Kids Yet!” Why Do I Care?
I know some of you are pretty young and just graduating college yourself, while others of you may have recently got married and just had children. These are all great positions to be because, like most savings strategies, “more time” is our friend.
However, this post is going to assume that someday when or if you already DO have kids, that you’ll want to send your little Princess or Jedi (… there’s a Star Wars theme going on in my house right now) to college and give them every advantage possible.