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Posts Tagged ' May'

We are pleased to present below all posts tagged with ' May'. If you still can't find what you are looking for, try using the search box.

The “Paying for College” Conversation

It’s easy to get caught up in filling out FAFSA and loan applications, evaluating your 529 plan performance and planning a budget for college expenses, and forget one very important step of the paying for college process: having an open, honest conversation with your child about how you will handle the cost of college.  According to the College Savings Foundation 2013 Survey of Parents, 75 percent of parents expect their children to contribute to college costs. If you’re among this number, do your children know that these are the expectations? It’s important to have “the college conversation” well in advance of the first tuition bill so that there aren’t any surprises or arguments over who will be paying when the time comes. These tips can help you maneuver this tricky conversation with ease. Before you talk Do your calculations As accurately as you can, estimate how much you would be able to contribute to each school that your child has received an aid off ...

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Time for Graduation Season: Time to Talk Money

It's May, also known as graduation season. Do you know of a graduating senior or do you have one in your household? Many new graduates find themselves in a new, more independent role, along with the financial independence that often comes along with living on their own. Although this is an exciting time, it can also be intimidating as money management is a big part of adulthood. In order to help get students started on the path to financial independence, we wanted to offer the following tips:   Help your student learn the importance of creating a budget. The first step in managing your own finances is to create a realistic budget and sticking to it. Watch spending. Keep all receipts and track spending. Pace all spending (even minor purchases) and increase saving by cutting unnecessary expenses, like eating out or shopping for new clothes, so that your money can last longer.  Use credit wisely. Understand the responsibilities that come with using cred ...

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All First Bank blog information and content is strictly informational. It is not intended to be specific investment, tax, or legal advice. If you need detailed financial, investment, or tax advice, please contact a First Bank qualified professional. Please note, First Bank occasionally shares third-party content we find to be relevant and helpful to our audiences.