Archives for May 2024

Parenthood brings so much joy and stress, and one way to limit that stress is to financially prepare for your new child before they arrive. The average cost of pregnancy and childbirth in the United States is $3,500 out-of-pocket, and the average cost of raising a child is $233,610.  Numbers like these can be alarming for expectant parents, but taking key steps in the … [Read more...] about How To Financially Prepare for a Baby

Attending college is a significant time and monetary investment, but many people find that it pays off. According to the Federal Reserve Bank of St. Louis, people with a college degree can earn up to $18,000 more per year depending on their age and experience levels. Even if you cannot pay for your education up front, the long-term benefits to your income and career potential … [Read more...] about How To Pay for College

Vacation getaways are fun opportunities to relax and explore new destinations. However, even small trips require careful planning to account for the various moving pieces. You’ll need to account for airfare if you’re flying or gas money if you’re driving, lodging, food, and the entertainment and recreation costs that make vacations memorable. All of these expenses can add up … [Read more...] about How To Pay for a Vacation

Car repairs can be unexpected and expensive, but they are also essential. One survey found that 76% of American commuters rely on their personal vehicles to get to work each day. Having an operational car allows you to earn money, pick up your kids from school, and run errands.  Covering the cost of car repairs can be stressful for some people; fortunately, you have … [Read more...] about How To Pay for Car Repairs

Budgeting for home expenses can be complicated because there are so many moving pieces. Along with factoring in your mortgage or rent payment, you need to plan for utility costs, insurance, and furniture. An uncomfortable couch or a lumpy bed can make living in your space difficult and add stress to your life.  Before you move, take some time to estimate your furniture … [Read more...] about How Much Does It Cost To Furnish a House?