Confidence is great for many a thing. Like when you’re working up the nerve to ask the cute person at the bar to dance, or when you’re about to give a speech to a room of your peers. But overconfidence is best avoided, especially when mixed with ignorance (I’m looking at you, Achilles, and your weak heel). Overconfidence when it comes to your finances? REALLY not good.
LearnVest, a financial planning service, conducted a survey with questions related to how a person’s confidence about their finances affects their saving/spending behavior. In answers from 100,000 users, they found a huge discrepancy in the level of financial confidence between the different age brackets.
In a move that mirrors the proposal in Oregon we talked about a few months back, Canadian province Nova Scotia has voted to eliminate interest on college student loans. The legislation is a deliberate and explicit move to remove the crippling financial burden of debt from new students as they start their careers. (more…)
The following is a guest post written by Carl Berry. Berry is a financial writer who covers tips and tricks for saving money on travel, college expenses, and everyday items.
This winter has brought some of the worst weather in recent memory. If you’ve been bombarded with snow, ice, and sub-zero winds — or even if you’re just tired of hearing about them — you can find some much-needed mental respite by sitting down and planning your spring break. However, before you start booking your tickets and packing your bags, be sure to start off on the right foot financially. You’re more than likely to graduate with a hefty student loan balance, which means that the better you manage your money during your college years, the easier it’s going to be to establish yourself after you don the cap and gown. Here are five ways to save money during your spring break.
Back in the summer, the Oregon State Legislature agreed to a plan that would allow students to attend public universities and community colleges for free. In return, the student agrees to pay a small percent of his or her income after graduation.
At a rally in Virginia, Mitt Romney said that he wanted to make sure that America remains “a place of opportunity,” where “everyone has a fair shot” and “get[s] as much education as they can afford.”