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The 411 on 529s

I don’t think I’m saying anything controversial here, but I think giving your children a solid education is the best gift a parent can provide. Despite the nationalistic economic trends emerging throughout the globe, the (high paying) jobs of the future will continue to require a strong education in order to compete globally. Additionally, there is strong research out there forecasting that the economic divide among the millennial and future generations is going to be much less based on race, and more based on who was able to graduate college without student debt. I owe so much of my current financial situation to the fact that I was able to graduate one of the most expensive schools in the country completely debt free.

As a new parent, saving enough to send my kid to college ranks as one of my top goals. While it doesn’t beat out retirement (you can’t borrow money for retirement but you can for school), it does beat out EARLY retirement. I would view it as a worthy sacrifice to have to work a couple of extra years if it meant sending my child to school debt-free. Though I have learned one thing over the last several weeks: the cost of college is scary high. I mean, it-Halloween-month-so-culturally-relevant-IT-remake scary. read more

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We Froze Our Credit, Here’s How

The Equifax breach in early September, though not the largest data breach in history, spooked me like no other data breach has. Target, EBay, Sony, all of these data hacks I watched come and go, changing little about my every day actions. Equifax, however, just feels different. Maybe because it’s the ground zero of credit, or maybe because it has much more information about me than any other company would have (except maybe Amazon?). After talking with a few family members, I decided to freeze my wife and my credit.

What is a credit freeze?

According to the FTC’s website, a credit freeze restricts access to your credit report only to your existing creditors and certain government agencies. Because creditors won’t issue new accounts without seeing your credit report first, restricted access makes it very difficult for thieves to use your credit information to open accounts in your name. read more

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Net Worth Tracker: September 2017

September was a big month for Mrs. NFF and I. We brought our new baby home from the hospital, we celebrate our 2-year marriage anniversary, I celebrated my 2-year anniversary at my company, and I turned one year older. Fall (my favorite season) is here, and we celebrated by traveling to Maine this past week to see the first leaves begin to change.


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