Stretching Your Dollar: Teaching Your Kids to Use Credit Wisely
As college students head to campus, many will face the lure of credit cards for the first time. Credit cards are not a problem, but uneducated spending with them can be an issue.
If you'd like to help your kids understand money, check out this interview with Lawrence Sprung, a certified financial planner and author of Financial Planning Made Personal, who shared his professional advice for parents and examples of how he taught his own children about responsible credit.
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The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
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