It’s that time of year. My oldest son is starting his junior year in college and my youngest, now a senior in high school, is busy evaluating where he wants to go next fall. While my, and likely your, chief concern is the cost of higher learning, here are some other tips you may want to consider. 1. Call Your Auto Insurance Agent. If your student is taking a vehicle to college, you should see if your coverage needs to change when the car and your student is away from home. On the other hand, you may also save on premiums if your student is not home and will not be driving a covered vehicle. It’s also a good time to ask if your student’s latest grades qualify for a “good-student discount” on
Costs matter. Whether you’re buying a car or selecting an investment strategy, the costs you expect to pay are likely to be an important factor in making any major financial decision. People rely on a lot of different information about costs to help inform these decisions. When you buy a car, for example, the sticker price tells you approximately how much you can expect to pay for the car itself. But the sticker price is only one part of the overall cost of owning a car. Other things like sales tax, the cost of insurance, expected routine maintenance costs, and the potential cost of unexpected repairs are also important to understand. Some of these costs are easily observed, and others are m
