MoneyTips

Are you having difficulties paying off your student loan debt? If you don’t qualify for other methods of help, refinancing your student loan might be a suitable option.

Consider these seven questions to see if refinancing makes sense in your case.

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You’ve made some life decisions that you’ve regretted, and some of those decisions surely involve money. What sort of money mistakes have you made?

Don’t be shy about admitting your financial mistakes. According to the latest version of Finder.com’s annual “America’s Biggest Money Mistakes” survey, you have 192 million fellow Americans to keep you company.

More than three-quarters (78.3 percent) of respondents claimed to have made a money mistake in their lifetime. We’re surprised that number isn’t closer to 100 percent.

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Most likely you are self-taught about personal finance: 45 percent of consumers were never educated on credit card use, according to a survey  by the website Credit Cards Explained.

Of those who received their credit card education in school, 22 percent were taught in high school, followed by 18 percent in college, and 8 percent in middle school.

Approximately 7 percent of consumers got their education on credit cards while filling out their application at the bank – a bit like learning how to drive just before you pull off the car lot and onto the freeway.

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How do you plan to fund your children’s education? You’re probably counting on scholarships and grants, right?

Reliance on scholarships and grants is the highest in a decade, while college savings is on the decline, according to a new report from Sallie Mae.

Savings covers less than one quarter of collegiate funding for the typical family. As a result, one of the strongest educational savings programs – 529 plans – is being underutilized.

Low Utilization

Only 13 percent of families used a 529 plan during the 2016-17 school year.

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