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  • How to cut college costs by up to 25%

    Posted Jun 24 2008, 05:45 AM by Karen Datko Rating:

    This post comes from partner blog Blueprint for Financial Prosperity:

    Do you want to know how I shaved nearly 13% off my college costs? I took Advanced Placement classes.

    I graduated college a semester early in part because I had loaded up on AP classes while I was in high school. Someone got it into my head that I could take AP classes for free (not counting the nominal fee for the exam) and get college credit for getting high marks on the AP tests. At the time, my brain wasn't thinking, "Oh, I can save money on college," but rather, "I can spend time now and have it count twice -- once in high school and once in college," so it was in part the bit of hustle inside of me that spurred me to action.   Read More...

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  • Take advantage of your employer's offer of free education

    Posted Mar 11 2008, 06:08 AM by Karen Datko Rating:

    This post comes from partner blog Blueprint for Financial Prosperity.

    If your employer offers tuition reimbursement and you're not taking advantage of it, you're leaving a tremendous amount of value on the table each year.

    In the two jobs I've had since graduating college in 2003, I've been lucky enough to be offered the opportunity to pursue higher education in return for sacrificing some of my time. At my first job, every education dollar I spent was fully reimbursed (you were allowed to take two classes a semester, or six a year) with no requirements afterward. In my second job, I was afforded $5,000 a year with some continuation-of-work requirements.

    Through both programs a majority of my MBA was paid for. In both cases, I took advantage of reimbursement to the fullest extent possible. If you have this opportunity, you should too.   Read More...

  • Affording 'essential' beverages on a college budget

    Posted Feb 21 2008, 02:23 PM by Karen Datko Rating:

    College students require three "essential liquids," writes Heather Johnson in a guest post at Grad Money Matters: water, coffee and -- you guessed it -- alcohol. Luckily, there are tricks to making them affordable. Heather advises, "Follow these 10 simple strategies and you will never go thirsty again (and you might even have enough money left over to pay your tuition)."

    First, no more bottled water. Just fill "your friend's empty $9 bottle of volcanic spring water" from the tap, Heather writes. If you must filter tap water, buy a Brita pitcher and don't change the filter. She swears you won't notice the difference. Brew coffee at home, or "caffeinate like a towny" at a low-cost coffee shop.

    Six of the 10 tips are dedicated to cutting the cost of alcohol, which she says is good to enjoy "every now and again."   Read More...

  • Let your kids pay for their college education

    Posted Dec 10 2007, 02:41 PM by Karen Datko
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    Mighty Bargain Hunter writes about a family he knows with lots of kids, "somewhere between 'The Brady Bunch' and 'Cheaper by the Dozen.'" How will the parents pay for their children's higher education? They won't. Once the kids reach 18, they're on their own, and they've been told, so they won't be surprised.   Read More...

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  • Tough question: What would you sacrifice in a crunch?

    Posted Nov 27 2007, 06:50 PM by Karen Datko
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    Clever Dude is conducting an exercise under the heading " What could you give up when you're in financial trouble? " We think it's an excellent question -- one that more people might have to ask themselves if the economy is heading toward recession . CD acknowledges that "different people have different ideas of what defines necessary ," and we think some of his choices will surprise you. Part One of his post identifies "luxuries," a laundry list including the gym, cable TV, home phone and eating out, for a total monthly savings of $297. Part Two lists "semi-luxuries," with $917 to $1,167 in potential monthly savings. On the chopping block are the Honda Ridgeline ($500 a month for the truck payment and insurance), Internet service, and use of the family pool -- "Well, it certainly is a luxury, but you can’t just not open the pool one year and expect it to be fine," he explains. He'd also reduce the utility and cell-phone bills and defer a student-loan payment. We're looking forward to the   Read More...
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  • Tips (and much more) from a broke grad student

    Posted Nov 20 2007, 01:41 PM by Karen Datko
    Having a sense of humor helps when you're the Broke Grad Student . Tops on BGS' list of " 8 unique ways to save money " is cheaper underwear. ("OK, so maybe it makes you feel sexy when you’re dancing in front of the mirror, but do you really need it?" BGS asks.) Our student is also practical, offering " The ultimate tipping guide for college students ." Did you know that the tip should be 15% per tattoos and body piercings? In fact, we think it's very classy that BGS recommends a $2 to $5 tip for housekeeping when you stay at a hotel. How many of you do that? Be honest. Funny and practical, yes, but a post about best and worst financial decisions will tell you why we really like this blogger. Starting a Roth IRA is BGS's pick for best decision, and choosing a pricey private university over a public school was the worst. However, "a good/bad financial decision doesn’t necessarily make it a good/bad decision overall," BGS writes. "My worst financial decision resulted in some of the most memorable   Read More...
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