How to Encourage Your Child’s Heart Without College Debt

How to Encourage Your Child’s Heart Without College Debt

A mom posted this question in a Facebook group: “How do you encourage your kids to follow their heart but not into debt?” It’s a tough question. On one hand, we want to encourage our kids to live their dreams. On the other hand, we also envision them buying a house, raising a family, and retiring at a decent age. I know I would have a hard time seeing my kids struggle to make a living. Here are some of the many comments the mom received on her Facebook post: “It’s impossible.”  “I tell my...

A Career Decision That Turned into $80,000 in Debt

A Career Decision That Turned into $80,000 in Debt

A parent shared with me that her first child, John, always wanted to be an anesthesiologist. Ever since he was in middle school, John was sure that was the career he wanted. The parents felt confident about his choice because that was what he wanted to do for so many years. So, their son went to college to be an anesthesiologist. But, a couple years into college, he realized he didn’t like anesthesiology. There were parts of the studies and the career John didn't love. He just wasn’t...

How to Avoid Putting Your Retirement On Hold

How to Avoid Putting Your Retirement On Hold

A parent once told me...... “I am facing retirement in less than two years. I wish I put my children’s hopes and dreams into perspective. College kids aren’t the only ones who take out education loans. More parents need to understand the impact of their child’s future on their own hopes and dreams.” Debbie, Parent   My husband and I dream of traveling more in retirement. We hope to get an RV and travel all across the United States. While we are on target, we need more savings to retire....

The Secret to Saving Money When Paying for College

The Secret to Saving Money When Paying for College

The number one challenge for parents with teenagers is paying for college. Let’s look at the numbers. $20,000 (average cost of college per year) x 4 = $80,000 That is if your child goes to school for just four years. Research shows that the average length has gone from four to six years. If they go six years, you are looking at the cost of $120,000. I’m not a math whizz, but I know that’s enough money to buy a vacation home or travel through Europe a few times! College, no doubt, is a huge...

Tips for Avoiding the Costly Effects of Changing College Majors

Tips for Avoiding the Costly Effects of Changing College Majors

John is currently in his third year as an English college major. He thought he wanted to be a college English professor but says now that he'dlike to "do English" as a hobby but not a career. Often, peoplewho “like reading and writing” become English college majors only to find outit’s not what they thought it would be. Science classes were always Connor’s favorite in high school. He loved being outdoors at the beach, rivers, and lakes. He was fascinated with fish and fishing....