Finance Column » Your Money This Week » Will school empty your wallet?

Will school empty your wallet?

By Holden Lewis ·
Monday, August 12, 2013
Posted 5 am ET

College classes are about to resume: the time of year when parents tearfully wave goodbye to their sons, daughters and dollars.

A lot of money is being spent to clothe and prepare students from kindergarten through college. For retailers, the back-to-school shopping season ranks second, behind Christmas.

In this week's podcast, Mark Hamrick, Bankrate's Washington bureau chief, interviews:

  • The National Retail Federation's Kathy Grannis, who describes the importance to retailers of the July through Labor Day shopping season.
  • College planning expert Gary Carpenter, who explains when parents should begin saving for college.
  • And Sheyna Steiner, Bankrate's senior investing analyst, analyzes how individual investors flock to actively managed mutual funds, often to their detriment.

Bankrate Audio



Washington Bureau Chief,



Spokeswoman, National Retail Federation



CPA, National College Advocacy Group



Senior investing reporter,

'Back to School': Shopping and college planning advice

Our experts can help you get top grades on shopping and college financial planning. Sheyna Steiner tutors on mutual funds.


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