by munnmorris | Mar 13, 2022 | Budgeting, College Planning
College costs can seem staggering. For the 2021-22 school year, the average annual total cost was $55,800 for a four-year private university and $27,330 for a four-year public university (Source: Trends in College Pricing, 2021). It’s no wonder that students and...
by munnmorris | Feb 12, 2022 | Budgeting, College Planning
Out-of-state colleges are significantly more expensive than going to a school in your home state. There are a few factors to consider in deciding if it is worth it: The first factor is cost. According to the College Board, the average cost of tuition for the 2021-22...
by munnmorris | Feb 7, 2022 | Budgeting, economy, Financial Planning, Retirement
When it comes to saving for retirement, many people take a set-it-and forget-it approach. But not paying attention to your 401(k) and IRA accounts could cause you to miss valuable savings opportunities. Avoid these seven mistakes: Not contributing enough to get your...
by munnmorris | Feb 1, 2022 | Budgeting
Almost no one enjoys the process of analyzing and budgeting expenditures, but inefficient and wasted expenditures can be major impediments to accomplishing your financial goals. It is difficult to manage your money if you don’t know how much you have or where it is...
by munnmorris | Jan 27, 2022 | Budgeting, economy, Financial Journeys, Financial Planning
While investors want the highest returns possible, returns compensate you for the risks you take — higher risks are generally rewarded with higher returns. Thus, you need to assess how much risk you are willing to take to obtain potentially higher returns. However,...
by munnmorris | Jan 22, 2022 | Budgeting, College Planning, Financial Planning
Many students will first handle money without parental supervision during college. To help keep expenses down and avoid conflicts, you might want to develop a budget to guide your child’s spending. As you go through the process, consider the following: Develop a...
