College Finance 101 Wilmington NC

Okay, your child has been accepted into several colleges and has likely made a decision by this point on what college they will attend - so what next? You now need to help your child learn about how to manage a banking account as well as credit cards. That means both parents and students need to approach the college financial scene with unprecedented caution. Here are several things you should focus on as soon as possible.

Ed Taylor
Taylor Financial
(910) 256-8818
1213 Culbreth Drive
Wilmington, NC
Expertises
Hourly Financial Planning Services, Retirement Plan Investment Advice, Ongoing Investment Management, Retirement Planning & Distribution Rules, High Net Worth Client Needs, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Todd E Reiner, CFP®
4300 Sunset Woods Ct
Wilmington, NC
Firm
NC SECU

Data Provided by:
Mr. Christopher S. Jones, CFP®
(910) 791-1437
2601 Iron Gate Dr
Wilmington, NC
Firm
IronGate Partners Inc

Data Provided by:
Mr. David R. Hartness, CFP®
(910) 791-1437
2601 Iron Gate Dr
Wilmington, NC
Firm
IronGate Partners, Inc.

Data Provided by:
Mr. Richard P Frazier, CFP®
(919) 260-9682
7417 Promontory Ct
Wilmington, NC
Firm
Frazier Financial Consultants
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Mrs. Barbara R. Fleming, CFP®
(910) 367-3293
105 Brascote Ln
Wilmington, NC
Firm
PUBLIC RELATIONS & EDUCATIONAL

Data Provided by:
Mr. David Haden Ii, CFP®
(910) 301-2710
6813 Finian Dr
Wilmington, NC
Firm
VALIC Financial Advisors, Inc
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $250,001 - $500,000

Profession: Not Applicable

Data Provided by:
Ms. Lynne L. Trotta, CFP®
6312 Shinn Creek Lane
Wilmington, NC
Firm
Lynne LaFontaine Trotta
Areas of Specialization
Education Planning

Data Provided by:
Mr. Stephen W. Gaskins, CFP®
(910) 509-3800
5603 Harvest Grove Ln
Wilmington, NC
Firm
Old North State Trust, LLC

Data Provided by:
Mr. John Brantley Zachary, CFP®
(910) 793-0616
4018 Oleander Dr Ste 2
Wilmington, NC
Firm
Pathfinder Wealth Consulting
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Investment Management, Retirement Planning, Risk Management, Small Business Planning, Tax Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000



Data Provided by:
Data Provided by:

College Finance 101

Okay, your child has been accepted into several colleges and has likely made a decision by this point on what college they will attend - so what next? You now need to help your child learn about how to manage a banking account as well as credit cards. That means both parents and students need to approach the college financial scene with unprecedented caution. Here are several things you should focus on as soon as possible:

Start managing credit and debit cards before school starts: The time to start managing credit and bank accounts isn’t freshman year. While a teenager won’t build a credit history as an authorized user on a parent’s card, it’s good to get a little practice using it under a parent’s watchful eye. When a child goes on to college, the challenge will be looking for the best credit card offer amongst many and managing that credit responsibly.

Setting a budget as early as possible for basic expenses: Until the student gets to school it will be tough to tell what actual expenses will be, but it won’t hurt to set a tentative budget that involves taking full account of the student’s savings, the parents’ (and possibly the grandparents’) contribution to everyday expenses and any planned income from work-study or other sources. Go here
for a template of a budget written specifically for college students.

Click here to read more from TheAdvice.com