Oct 3rd – Oct 9th
Welcome to another edition of The Friday Five. This is where I share what I consider the week’s top-five money related articles from around the web. There are a lot of great personal finance websites publishing amazing content daily and I feel that I must share them with you. I hope you enjoy my five favorite articles of the week.
I didn’t have a Friday Five last week because there was just so much to say about our Trip to Philly. But we’re back!
If you haven’t, please read this week’s posts on Fitness and Writing Challenge and on Good Debt Vs Bad Debt. Also don’t forget to read last week’s post on Our Trip To Philly – Part One, Our Trip To Philly – Part Two, and on You Can’t Go To Philly and Not Run The Rocky Steps! Please don’t forget to follow me on Twitter, Google+, and like Million Dollar Ninja on Facebook.
In no particular order here are The Friday Five
1. Liz at Budget for More writes, Five Things You Don’t Have to Give Up to Pay Off Debt. Just a nice reminder that we should still live a wonderful life.
2. Joanna at Our Freaking Budget writes, Avoiding Common Budgeting Pitfalls. I made a lot of the mistakes she mentions. Good tips on how to avoid them.
3. Lauren at The Write Budget writes, The Hidden Benefits of Credit Cards. Credit cards sometimes leave a bad taste in people’s mouths, but there are benefits to using them as well.
4. Dee S at Color Me Frugal writes, 8 Smart Ways to Start Saving for Retirement. Retirement is coming faster than we think. Better start saving soon.
5. Deb at Saving The Crumbs writes, 8 Easy Ways to Stay Healthy this Season. We all want to be healthy, don’t we?
Please check out all these great articles. I hope you enjoy them as much as I did.
Why Isn’t College Free in The U.S.?
We know that a college education is becoming more and more important if you want to find a decent job. But why is it so expensive to get a degree in the U.S.?
The average public university in the United States cost an average of $16,000 a year. Meanwhile, you can get the same degree for free – or nearly free – in many developed countries. College is free in Scandinavian countries and is highly subsidized in many European countries. Why isn’t college free here in the U.S.?
I don’t think anybody could argue that investing in the education of our population is a major benefit to us all. The good news is that there are people thinking about this and some have come up with a proposal on how it could be done.
Demos just released The Affordable College Compact which would allow students to graduate debt-free in four years while working a limited number of hours. It won’t just be a free ride.
The student has to commit to working a minimum wage job during the summer and about 10 hours per week during the school year. In return, the students would get grants to cover 40-75% of college costs (depending on income), a work study stipend, and a subsidized loan for the rest, which looks like it is only going to be about 10% of the total cost.
The proposal might not be the perfect answer to our problem, but at least somebody is proposing something. And it will be a big help to those who haven’t planned for college and have to rely on student loans.