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Budgeting for Your Children’s College

In Parenting, Wealth by Carly Baker

The dream of many parents is to put their children in a position to succeed—to reach even greater career heights than their parents. The first step toward attaining this goal is for children to obtain a higher education by going to college. Unfortunately, college is expensive. Really expensive, as you have to pay for tuition, textbooks, supplies, clothes, phone plan, housing, utilities, food, and a little spending money. Unsurprisingly, the rate at which college costs have increased has far outpaced the rate at which most parents’ salaries have increased. More than ever, it is crucial to approach your child’s college education with a plan. As the idea is for your child to one day become a self-sufficient adult, this college plan should be part of a coordinated team effort between …

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Seeking a Higher Education After You Divorce

In Separation & Divorce by Sarah Hink

Attaining a college degree, a professional license, a masters degree, or other certification is part of the American Dream for a lot of people. Not only is there a sense of pride and accomplishment in this achievement, but it can also be an essential step toward career advancement and higher salary. For some, dreams of a higher education were put on hold, or did not even start, due to marriage and family. In fact, staying home with children or supporting another spouse’s career advancement is a decision that many people face. Therefore, the spouse that puts aside their educational goals for the sake of family or marriage may find themselves at a disadvantage should their marriages end. Fortunately, there may be relief for spouses in this position. Alimony Supports Further …

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When Your Children Have Left For College

In Lifestyle, Parenting by Elizabeth Stephenson

We love our children and spend countless hours doting on them, keeping them entertained, tolerating their teenage years, and planning for them to go to college. But what do we do when it actually happens and your children leave home for college? Referred to as “empty nest” syndrome, the sudden absence of your children from your daily life can be a shock to the system. There is a big gap physically and emotionally, which can lead to sadness and restlessness. It is therefore important to be mindful of this change and to take steps to exercise self-care. Here are some friendly suggestions If you are in a relationship, reconnect with your partner. So much of your time and energy has been spent in your relationship with your children that you …