Julie Murphy Casserly, CLU, ChFC, CFP®, is a 14-year veteran of the financial services industry and founder of JMC Wealth Management in Chicago. Casserly helps people understand how their emotional attitudes and behaviors affect how they earn, spend and save. She is author of "The Emotion Behind Money: Building Wealth from the Inside Out."
According to recently released reports from the College Board, most students and their families can expect to pay, on average, from $108 to $1,398 more than what they paid in 2008 for this year's tuition and fees, depending on the type of college. And with inflation rates continuing to increase, these costs will likely double and even triple in the years to come. Although these costs are quite daunting, there are ways that parents and kids can prepare themselves for the sticker shock of attending college.
As children, we probably learned that it was impolite to ask how much someone paid for something. These learning’s generally follow us into adulthood and make it difficult for us to talk about our money situations….with our financial planners, our friends and even our spouses and children.
Go to a local community bank first, Julie Casserly advises.
What to do if you want to buy a home but don't plan on staying there for the long term.