Over the past fifteen years I’ve had the pleasure of working with many smart and capable professional women. I’ve spoken with even more about their finances. Here are the biggest mistakes I’ve seen these smart women make with their money.
The past two years have subjected us all to unprecedented levels of stress and strain, both financial and otherwise. Over half of the respondents to a recent online survey of nearly 3,000 adults by NextAdvisor felt somewhat-to-very anxious about their finances. Curiously, these responses were given in spite of recent strong stock market performance and in the midst of one of the most robust hiring environments of the past decade.
It’s that time of year—the potential of receiving a college acceptance letter makes checking the mail a little more exciting than usual. The cost of college has jumped four times as fast as the rate of inflation over the last ten years. The numbers facing students (and their parents) are staggering. College is expensive and can leave graduates suffering under a huge financial burden well into their professional lives. It’s bad enough that the cost of higher education creates such a burden for students, but families can also suffer. Parents who foot the bill for their children’s education can find themselves unwittingly making tradeoffs with severe consequences for their own retirement. So how can you help your child get through college without sacrificing your retirement?