Tuition Debt Carried by Many Parents to Help Kids

Tuition Debt Carried by Many Parents to Help KidsMany Canadian parents pay a hefty portion of students’ tuition fees, even if it means sacrificing their financial stability, to help their children avoid a post-graduation life burdened by tens of thousands of dollars of student debt. Ross Campbell, a 56-year-old financial planner, and his wife knew they wanted to help their two daughters graduate university without the girls owing a cent. “That was sort of a focus of ours,” Campbell…

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Advance Planning For Life After College

Advance Planning For Life After CollegeA young friend of mine is currently in her senior year of college, where she is majoring in high school education. I guess you could say she was really “lucky” and came from a poor family. This meant that she qualified for a program through our state that provided free tuition, room and board, and money for textbooks and some incidental expenses for four years. Of course, there were stipulations…

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Pros & Cons of Using a Credit Card-Only Spending System

Pros & Cons of Using a Credit Card-Only Spending SystemWhen it comes to budgeting and spending money we all have our own unique plans. Some of us prefer to track every penny. Some people just go with the flow. Some prefer using cash-only, while others go card-only. I wanted to look at the pros and cons of a card-only spending plan. First well start off by looking at the benefits of a credit card-only (debit and credit) system: More…

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