My wife and I are not big on celebrating the Valentine's Day holiday. It all started while we were engaged. I booked a reservation and had an elaborate evening planned for our date. Sadly, I picked a restaurant that overbooks reservations on this special day. Therefore, we stood in a line waiting an hour to be seated. Yes, we waited an hour after our reservation time to get into the restaurant. That was the last Valentine's Day that we tried to celebrate on Valentine's Day!
Earlier this summer, I wrote an article about not letting the political party in power effect your savings. In this article, I detailed the importance of making sure that you save money no matter the person in the White House. The President does not control your savings rate, but you do! With this in mind, I still thought it would be good to post an article about the policies that Trump plans to implement and the effect on your income.
There is a rather new employer benefit that I am glad is gaining traction in today’s workplace. The benefit is employer-sponsored student loan debt repayment. Most often, this comes in the form of employer matching programs that help employees to pay off student loan debt by matching their payments up to a capped monthly and yearly amount.
For students, back-to-school means learning new lessons, meeting with friends and teachers, attending the new session, and attempting new assignments. But for the parents, it only means blowing money on school supplies and having a lot of financial stress. The fact is, buying back-to-school supplies doesn't have to mean a lot of financial burden, but most of the parents often overdo it and fall into financial pressure.
The cost of a college education continues to accelerate past the rate of inflation, forcing more and more aspiring students to borrow money to achieve their dream. What is worse is the more money that becomes available for student loans and the more that is borrowed, the greater demand drives up tuition costs, as the supply and demand curve dictates. The numbers in terms of student loan debt are startling, seemingly much worse than many of the bubbles we have seen in recent years. Here are five statistics that ought to make you cringe.