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Dorm survival guide — what to splurge on, what to skip

This article is by staff writer Honey Smith.

If you are headed to college this fall (or know someone who is), then you may also be headed to life in a dorm. Like many things, living in a dorm can be an expensive proposition, but it doesn’t have to be. Sometimes you can avoid the expense completely — one good strategy for this is to live at home and attend an online college or local community college for your associate’s degree.

The tax mistake that could hurt you now or next year

This article is by staff writer Suba Iyer.

Presumably, it has been a little more than a month since you submitted your tax return for 2014. Did you end up owing the IRS or did you get a refund? There are plenty of personal finance articles that discuss the pros and cons for each of these situations. So we will skip those discussions and go right to the point: Are you happy with your result?

If not, you can easily fix it for next year by adjusting your withholding now. But it’s a simple step many people forget to take.

How to homeschool on one income

This article is by staff writer Lisa Aberle.

When I wrote about the pros and cons of homeschooling recently, I left one major piece of the puzzle untouched: How does a family handle the loss of income if a stay-at-home parent is required?

It’s not just the loss of monthly income. The parent who stays at home doing the bulk of the educating is also missing out on some other benefits of employment (employer contributions to a 401(k), social security benefits, avoiding a resume gap, etc.). These aren’t necessarily easy to quantify.

So let’s take a look at the financial piece of the puzzle to the extent we can; but first, is it possible to homeschool without losing income?

Ask the Readers: How are you leveraging personal relationships?

This article is by staff writer Honey Smith.

I recently started a new job; and while I didn’t know anyone at the company prior to applying, that doesn’t mean that everything was one giant coincidence. A few years ago, one of my grad school friends mentioned that he was doing freelance SEO (search engine optimization) work for attorneys. Curious, I asked him to teach me. His response was to conference me in on a client call and have me start producing content immediately.

How much to save for maternity leave

This article is by staff writer Holly Johnson.

The United States policy on maternity leave can be a touchy subject among families, and especially women. Unlike all other wealthy countries, many of which mandate weeks and months of paid leave for natural and adoptive mothers and fathers, the U.S. mandates no such thing.

In fact, the last movement toward maternity fairness in the U.S., the Family and Medical Leave Act of 1993 (FMLA), included a provision mandating 12 weeks of unpaid leave annually for mothers of newborn or newly adopted children. Twelve weeks doesn’t sound so bad, but that unpaid part can sure sting.

How to budget for summer camp

This article is by staff writer Lisa Aberle.

Summer break is quickly approaching. Last year, I was worried about how I would keep the kids entertained; this year, I vacillate between two ends of the emotional spectrum — being excited and feeling a little overwhelmed.

Excited, because I say “adios” to the early morning bus routine and the backpack-and-lunchbox ritual for a few glorious weeks. And socks. They quit wearing socks in the summer. (Can I get a “hallelujah”?)

But I am feeling a little overwhelmed too. The sock shenanigans at my house get replaced with drinking glasses and copious Go-Gurt wrappers all over the kitchen counters sticky with spilled lemonade.

Yep, there’s nothing like a few weeks of summer vacation to make me long for a clean house (even if it’s just for a few hours) and some peace.

What’s the solution? Kids’ activities like sports camps or arts and crafts.

What’s your position on debt? Read this first

This article is by staff writer William Cowie.

You hear it all the time, here and many other places: Debt is bad — evil, even — you know, like smoking and drinking and gambling. Yet, despite overwhelming evidence that smoking is bad for us, almost one person out of every five still smokes. And in the past year, that number has not declined significantly.

The government even has campaigns to get people to stop doing what’s bad for them. Beer companies have to add “Please drink responsibly” to their ads and, in many states, gambling is flat out illegal.

People aren’t borrowing enough?

So, if debt was bad for you like those other vices, you would expect your government to have some educational program to warn you of its evils, right?

Financial stress: Strategies for the sandwich generation

This article is by staff writer Suba Iyer.

My husband and I are millennials who expect to be part of the sandwich generation soon. The term “sandwich generation” refers to those who support both an aging parent and a child. As I read the responses to the Ask the Readers article, Are you planning to care for an aging parent, it looks like we have plenty of company, and statistics from the Pew Research Center seem to substantiate that. (http://www.pewsocialtrends.org/2013/01/30/the-sandwich-generation/):

“Nearly half (47%) of adults in their 40s and 50s have a parent age 65 or older and are either raising a young child or financially supporting a grown child (age 18 or older). And about one-in-seven middle-aged adults (15%) is providing financial support to both an aging parent and a child.”

Ask the Readers: What is your best budget-friendly tip for Mother’s Day gifts?

This article is by editor Linda Vergon.

A mother’s love is more precious than gold, but you don’t need to spend a mint to make Mother’s Day special for her. In some ways, your lack of funds could actually help you make her day more meaningful.

When it comes down to it, most moms prize the time they can spend with their children more than anything. So if you don’t have the funds to take mom out for Sunday brunch, a Broadway play, or a trip to Nordstrom’s, it may just be a good thing. Maybe you can’t escape the realities of your budget right now, but here are some ways to tell her you care even if your wallet is a little weak.

Replacing our HVAC, Part II: Installation, rebates, and timing

(This is Part II in a two-part series about replacing an air conditioning unit. Part I is Honey Progress Report: Replacing our HVAC, Part I. Honey Smith’s experience investigating solar panels is chronicled in Financial benefits of solar panels? Not so fast.)