Virtual family banking site FamZoo has introduced a prepaid card that actually makes sense–for kids and parents.
Planning
Bold New Rule: Students in the U.K. Must Study Personal Finance
Dozens of countries, including the U.S., are searching for ways to raise the financial I.Q. of their citizens. But only a handful have taken the bold step of making personal finance a high school requirement. Here’s why the U.S. needs to move faster.
Three Strategies for Saving Money on College That May Not Work as Promised
Yes, you can save money and avoid student loan debt by employing some of the classic strategies suggested by personal finance gurus. But you may not save as much as you think—and you could even wind up spending more.
Time Really Is Money: Five Tips For Maximizing Both
An informative and entertaining new book about time offers some valuable and useful insights about money too.
Fuel Your 401(k) with the Secrets of Behavioral Finance
There are simple steps you can take to apply the theories of behavioral finance to your own 401(k) and improve your financial future.
Boomers Never Got Their $30 Trillion Inheritance — Will Millennials?
As banks contemplate $30 trillion flowing from boomers to Gen Y over the next 30 years, they’re starting to think about how to capture this important and largely under-served demographic.
Schools Suing Graduates for Defaulting on Loans
With more graduates defaulting on educational loans, schools like Yale and the University of Pennsylvania are taking drastic measures to ensure repayment
Coming Soon for Our Own Good: Restrictions on Big Retirement Account Payouts
Look for employers to curb your 401(k) plan flexibility as they address the problem of lifetime income.
How a $54K-Per-Year School Is Deemed a ‘Best Value College’
The private universities listed in a new “Best Value Colleges” roundup run $54,200 annually for tuition, fees, books, and room and board. That sounds pretty expensive, and it is. Could it also represent a good value? What if students actually paid less than half the list price?
Misguided? Half of Adult Children Think Parents Made No Money Mistakes
Adults past age 30 generally feel their parents nailed it when it comes to money matters, a new survey shows. Are these people doomed to repeat their parents mistakes?
Student Loan Debt Crisis: How’d We Get Here and What Happens Next?
The amount of student loan debt and the rate of delinquency have been climbing for years now. If it seems like every new statistic is worse than the last, that’s because it is. Credit bureau TransUnion says more than half of student loan accounts are in deferral status, and FICO Labs found that a rising number of those debtors aren’t …
How Spending More on Academics Can Actually Hurt College Enrollment
You’ve probably heard of college described as little more than a “party,” or perhaps as a “country club” where the emphasis is on socializing and top-notch campus amenities, not studying and a top-notch academic environment. It turns out there is good reason why many colleges today put more focus on fun.
