“An ounce of prevention is worth a pound of cure.” – Benjamin Franklin
The Wall Street Journal ran a story that discussed how financial institutions are marketing loans directly to parents to help their kids cope with the rising costs of college.
Parents are all too familiar with the rising cost of education. College costs have been surging for decades and the trend has filtered down to the private high school ranks. We have been tracking the costs of Kansas City area private high schools for several years. The average cost to send one child to a private high school in the Kansas City area is increasing on average 4.5% from 2015.
In our 30’s and 40’s we typically have a lot of financial commitments. Mortgage, maybe student loans, trying to save for your child’s college, save for your retirement and the list goes on and on. We all know we should be contributing more to our retirement accounts but all of the expenses above plus a dozen other items are preventing us from contributing more.
The year started off full of surprises. Stocks plunged out of the gates selling off 10.5% only to stage a frantic comeback. The market rallied 12.5% off the mid-February lows to post a positive return in the quarter. Stocks traded lock step with oil during the quarter.
The first quarter sent investors around the world on a wild ride. Stocks started the year off with a dramatic sell off. In the first six weeks global markets fell 12% before staging a furious rally to post only slight losses. Early in the year investors were concerned that energy prices were in free fall, China’s economy was stumbling and the Federal Reserve raised rates prematurely.
We live in a world filled with numbers. It can be tough to figure out the ones that are important and the ones we can forget! Here are TEN numbers you should know about your personal finances.
As you enter your 30s you start running out of excuses on why your financial house is not in order. As you get older time is at a premium to spend on mapping out your goals and achieving them. I often hear people say they don’t know where to start!
With most stock indices in a bear market it is helpful to remember some simple things to prevent you from making a huge financial mistake. Bear markets may be named after an animal but you need to keep your animal instincts at bay. Keep in mind these do's and don’ts of a bear market.