Avoiding campus credit cards, why butter prices are going up, and the unconventional way one woman plans to pay for her daughters' college education.
National Geographic — Diets of poor people declined from 2005-2010, though wealthy Americans managed a slight improvement in diet quality, according to the Journal of the American Medical Association Internal Medicine. The study showed the gap between rich and poor diets doubled over five years, and attributes unhealthy diets in poor Americans to “higher cost of convenient and healthy meals, as well as limited access to quality supermarkets in some poorer neighborhoods.” Jessica Caouette, a nutrition and cooking instructor who works with low-income families, says that all parents are interested in feeding their families healthy meals, but “price is a concern for low-income families.”
MoneyTalksNews — A study by Consumer Reports found that 11 percent of U.S. colleges have financial arrangements with banks that can be “lucrative” for universities. Potential charges for students can add up to $250 per year, CR said, which includes ATM charges, overdraft fees and point-of-sale PIN fees.
Money Crashers — Your kids learn how to eat, talk and play by watching you, and your finances are no different. Jacqueline Curtis writes that “you may not even realize that you’re projecting some of your bad financial habits onto your kids long before they open their first bank account.” Included in the list: Making the subject of money taboo, being dishonest by dodging payments, and equating money with happiness.
Consumerist — Fans of the famous toast-topper may soon have to modify their demands, because butter futures are at an all-time high due to an increase in demand and a decrease in available milk. The good news? Quantities should rise back up to expected levels by the holidays.
Get Rich Slowly — This mother of five- and three-year-old daughters already has thousands of dollars stocked away for their college educations, but she’s going one step further. By refinancing two properties that were operating as rentals, she will pay off the homes in time for her two daughters to go to college, at which point every dollar she earns from the properties will go straight into their education funds.