Tag: bank

Are the two of you really ready to buy your first home?

I often help newly-married couples negotiate the purchase of their first home. They are always enthusiastic after driving through preferred neighborhoods and singling out those homes they identify as fitting into their price range. They have saved a down payment, they say, and are ready to not only look, but present offers. It is then that I offer them the following advice—a checklist—of eight practical steps to take before moving forward:

Parents, particularly those under 35, are increasingly confident they can afford college for their children, but underlying that optimism is a hint of caution. A new survey from student loan lender Sallie Mae warns that if economic growth does not keep up with inflation, then they may not have enough despite their best intentions.

The latest “How America Saves for College” report, released by Sallie Mae on Thursday, finds that the number of parents saving for college jumped to 57 percent, from 48 percent last year. The average amount saved is now $16,380, up from $10,040 in 2015 and $15,346 in 2014.