student loans

Investing in Your Children, Saving for the Future

One of the biggest expenses faced by American families is the cost of a child’s education. While scholarships and student loans may help bear much of the burden, it’s increasingly crucial that families set money aside in a college fund in preparation for a student’s formative years. However, it’s often overwhelming to sort out the...

Young & Prudent: Everyone’s Favorite Punching Bag

Among Millennials, you’re considered a financial success as long as you’re not in debt. That’s according to research published by Facebook this year. The company analyzed conversations by U.S.-based Millennials on its platform and found that over half of those observed considered having no debt a financial success. Only one in 10 said that being...

Investing for Millennials: Tips for Spending and Saving

There’s no denying that we’re living in an age of instant gratification. We’re constantly told to “live in the moment” without a thought of tomorrow. The problem is, tomorrow always comes, and we’re increasingly less prepared for it. Retirement savings, for instance, are falling by the wayside. While we all imagine our golden years to...

Young & Prudent: Afflicted By Debt

As someone who used to be both broke and in debt, I can say for sure that living with negative finances can be a real downer. Actually, that’s an understatement. Debt is one of the chief stressors of my generation. Millennials are buried under black, sticky mountains of it, mostly from student loans and credit...

The Worrying Skill Gap That Threatens America

The United States has a manufacturing problem. We make more goods than ever before – but the sector’s future is in doubt. There are a few reasons for its relative decline over the past few decades. The main one is jobs. Numerous manufacturing jobs have gone overseas, where labor is cheaper. The absolute number of...

Young & Prudent: 30 Is the New 20

My birthday came and went last week in a curl of candle smoke and the fizz of local Vermont beers. The big “three zero.” It’s a major milestone in life. But what it’s supposed to mean is still a mystery to me. Apparently, 30 is the new 20 and 40 is the new 30. For...

Auto Loans and Easy Credit

How would you like to buy a brand-new 2015 Ford Mustang and pay no interest on a six-year loan? Well, a number of Labor Day sales events have made this type of deal a reality. Of course, not everyone will qualify. Don’t expect to pay 0% interest unless you have a near-perfect credit score. According...

The Face of Debt Is Surprisingly Ordinary

Professional photographer Brittany Powell was so burdened by debt that she filed for bankruptcy. The shame of the experience contrasted sharply with the ease of the process. “Debt carries so much weight in your life and then you file and nothing changes. It’s a weird phenomenon, something almost that never existed,” said Powell to Slate....

The One Certainty About the Next President

The Congressional Budget Office (CBO) forecasts a budget deficit of $486 billion for the year. After that, we’ll experience a steady upward trend beginning in 2017 – with the final number catapulting to $1.038 trillion by 2025. At the same time, we’re seeing Hillary Clinton outlining additional spending programs she wants. And Republican presidential candidates...

Here’s the U.S. Deficit’s Next Victim

The Congressional Budget Office recently produced revised projections. In short, it raised its federal deficit estimate for fiscal 2015 to $486 billion, compared to $468 billion in the previous projection. That means 2015’s deficit will now be larger than 2014’s – even though the economy is expanding nicely and unemployment is trending down. Now, with...

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