Most parents will agree that nothing matters quite as much as the future of their children. We often go to great lengths to ensure our children are eating healthy, exercising, and performing well in school as ways of ensuring a bright future. But what about their financial security?
The days seem long gone when kids could work summer jobs and save up enough money to pay a substantial portion—if not all—of their college tuition. Today, students borrow tens of thousands of dollars to cover the cost of their college degrees, and it seems the price tag is only going to go up.
If saving were as easy as spending, we’d all be sitting on nest eggs the size of mountains. Unfortunately, most Americans struggle to save, and many carry more than $10,000 in debt on their credit cards.