Paying off your mortgage early really doesn’t make financial sense. Your mortgage interest rate is probably lower than the rate of return you could earn on investments, which means you’ll likely end up with less money by prepaying your mortgage than you would’ve if you’d taken that cash and invested it. Because of the opportunity
College has become ever more expensive, and so it’s important for parents to start saving early. A new report from student loan company Sallie Mae breaks down the state of American parents’ savings plans for their children’s college educations, based on a survey of 2,003 adult parents of children under age 18 performed by Ipsos.
You don’t have to live in a high-risk flood zone to be hit with expensive flood damage; about 25 percent of the National Flood Insurance Program’s claims come from areas with low-to-moderate flood risk. “It’s not just people in floodplains who get flooded when a storm decides to stall over an area and dump catastrophic
The other day, I received an e-mail from a couple I’ll call David and Ruth. They both work and own a 3-bedroom home that costs them just $1,000 monthly for real estate taxes and mortgage payments. As they plan to move into a new dwelling, one option is to convert their present place into a
Sarah and I welcomed our first child into the world in 2005, not too long before the launch of The Simple Dollar. Since then, we’ve been on this shared journey called “parenting,” and as our firstborn has grown older and we’ve added two more children to the mix, the challenges have grown and changed. In
How do you plan to fund your children’s education? You’re probably counting on scholarships and grants, right? Reliance on scholarships and grants is the highest in a decade, while college savings is on the decline, according to a new report from Sallie Mae. Savings covers less than one-quarter of collegiate funding for the typical family.