“Personal Finance: How divorce cheats college students - Washington Post” plus 1 more |
| Personal Finance: How divorce cheats college students - Washington Post Posted: 03 Feb 2011 06:59 AM PST Here's yet another devastating stat about divorce. The Journal of Family Issues recently published a study that found that divorced parents contributed about a third of what married parents contributed to their children's education, reports Dallas News Columnist Pamela Yip. Married parents contributed about 8 percent of their income to their child's college costs and met 77 percent of their children's financial needs. In contrast, divorced parents contributed about 6 percent of their income and met just 42 percent of their children's financial needs. "Remarried parents contribute significantly less than married parents, in absolute dollars, as a proportion of their income and as a proportion of the children's financial need, even though they have similar incomes," said Ruth Lopez Turley, associate professor of sociology at Rice University and one of the co-authors of the journal article. According to Turley, in divorced or remarried families, the cost of college is often shifted to the student. "They are at a disadvantage because they need to shoulder more of the costs of their education. Their first priority becomes funding their education, not completing their education," she says. It's not that divorced or remarried parents don't want to pay, researchers found. It's that they pay heavy for their split. After paying professional fees and then dividing up the marital estate, the exes become more cautious about retaining what assets they have, reports Yip. Additionally, there are financial obligations for the new family, which require them to further stretch their dollars, the researchers pointed out. Let's go behind the headlines. This week's Color of Money Question: What impact did your parents' divorce and/or remarriage have on your college funding needs? Send your comment to colorofmoney@washpost.com. Put "How Divorce Cheats College Students" in the subject line. Want to Be Your Own Boss? Join me today at noon ET for my online text chat to find out how to make the most of your entrepreneurial spirit. My guest will be Melinda Emerson author of "Become Your Own Boss in 12 Months: A Month-by-Month Guide to a Business that Works," which is the Color of Money Book Club selection for January. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| eSmart Tax Partners with Online Personal Finance Service, moneyStrands - YAHOO! Posted: 02 Feb 2011 06:13 PM PST moneyStrands customers now get 30% off any eSmart Tax filing service Virginia Beach, VA (PRWEB) February 2, 2011 eSmart Tax announced earlier today its partnership with moneyStrands, the online personal finance service. The two partners will present special offers such as 30% discounts on eSmartTax.com. The partnership also offers eSmart Tax customers yet another way to organize their personal finances and tax information during GO (Get Organized) Month this January, by accessing financial analysis tools online or on moneyStrands' iPhone app. "The customers of eSmart Tax and moneyStrands are quite similar," said Ray Shively, Vice President of Online Products for Liberty Tax Service. "They're tech savvy, fiscally conscious and do-it-yourselfers. We, at eSmart Tax, feel that this partnership with moneyStrands and the promotions we're offering will be mutually beneficial for all of our customers." eSmart Tax, the online tax preparation service of Liberty Tax Service, recently partnered with Kashoo to provide its business customers with special incentives for preparing and managing their company finances for tax season. This new partnership with moneyStrands also extends special offers for financial services such as 30% discounts—this time to eSmart's individual tax filers. "We are very pleased to partner with eSmartTax.com and bring an easy and affordable tax preparation solution to moneyStrands users," said Atakan Cetinsoy, VP, Personal Finance Products at moneyStrands. "Our partnership demonstrates both eSmart Tax and moneyStrands' commitment to finding innovative ways to help consumers easily manage their finances and achieve personal financial goals." To take advantage of the special offers for moneyStrands and eSmart Tax customers, contact: About eSmart Tax About moneyStrands ### Ray Shively, VP of Online Products This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
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