Previous posts in this series on prudent fiscal planning, focused on the need for fiscal planning, as well as both the income and expense elements of the profit and loss (income and expense) statement. Today, we will look at net income–which is the total after subtracting expenses from income in any given period–and, yes, it…
Tag: Debt
College Grads Face Difficult Job Market
Recent college grads continue to face what may be one of the most difficult job markets since the 1930’s. Not only is the job market grim for college grads, but many also begin their job search weighed down by student loan debt that cannot be forgiven, postponed indefinitely (nor done so for free).
House & Senate Approve Student Loan Interest Rate Freeze
Today, the House approved the bill to keep student loan interest rates at 3.4% for the 2012-13 school year. The Senate approved the freeze on Tuesday. President Obama has been campaigning for the continued lower rate, over the scheduled 6.8% increase, as we reported earlier this spring. See The Washington Post for more details
Financial Aid 101: Are You Financially Literate?
Paying for college seems out of the ordinary, given the total amount, which creates the “wake-me-up-from-a-dead-sleep-gasping-for-air” feeling. However, with some foresight, families can approach college expenses together and with less nervousness. Art Baird, Creative Marbles CEO and financial aid expert, and Jill Yoshikawa, Partner of the Educational Division at Creative Marbles, recorded a recent conversation…
When Considering Student Loans…
A student loan, well any loan, is future income brought forward. While there are consequences to debt, the key is being educated to the realities of repayment in the long term (i.e. opportunity and financial costs) and being rigorously honest in the intermediate term about the value of the college education your debt is purchasing.…
Future Success + Financial Constraints = College?
More families, and younger, are asking Creative Marbles about financial aid and paying for college. Parents are facing difficult choices between supporting multiple kids through 4 years of higher education and saving for retirement, while confronting the challenge of encouraging their children to dream big, yet understanding the realities of financing that educational dream.
Prudent Fiscal Planning (Part 2): Income’s importance in Fiscal Planning and its Effect on Our Standard of Living
In the first post of the series, I discussed the need for prudent fiscal planning in these difficult economic times. Although it may seem that the economy has turned the corner from the most recent, yet severe economic downturn (recession), there are many storm clouds looming on the global economic horizon that could have a…