Women’s Guide to Making Financial Moves After College

 "Graduating from college is an exciting time, full of potential to begin investing in your financial and personal goals. But life after college brings its own challenges for women — especially if you’re carrying the burden of student debt, which many are. It’s helpful to arm yourself with solid practices as you embark on the next phase of your life. The earlier you’re able to start saving, build credit and knock down debt, the better your financial future will be." Writing for Money Geek, Nadia Neophytou provides excellent advice to recent college graduates (and the advice applies to almost all of us!). 

Among the topics she addresses in the article linked below are:

Common Financial Challenges Women College Grads Experience

Tackling Your Student Loan and Other Debts

Boosting Your Confidence in the Workplace

Establishing a Strong Financial Foundation

Expert Insight on Women Graduates’ Finances- this section includes advice from 6 women professionals. Check it out!

Read the full article to get the details: https://www.moneygeek.com/financial-planning/womens-finance-after-college

Financial Life Hacks For High Schoolers and Young Adults

Finances may be a dull yet essential part of life, mastering you money opens pathways to achieveing your goals and to your future. Financial literacy is "having a basic understanding of your money, where it's coming from, and where it's being spent."Read on to learn more.

"Whether you are living paycheck to paycheck or looking to make money from your savings, learning how to become more financially literate will only help you down the line. With the average American having $9,000 less in their bank accounts in 2022 compared to 2021, we think it's time we all became better with our money. Join us, and we'll make the mundane task of money management a little easier and a bit more fun." Check out https://word.tips/financial-education/ for some great resources to help you conquer your money challenges and achieve your financial goals. While the site is geared to teens, much of it is relevant for adults of all ages. 

Learn about taxes and credit and link to useful apps. Once you start working it's time to build a rainy day fund with the help of this website. Sam Walker-Smart leads you on your journey.

Launching Well: Coaching Young Professionals to Build their Financial Capability November 10, 2021 Webinar

 The CFPB and the SEC invites all undergraduate and graduate students to a webinar, on Wednesday Nov 10^h from 2:00-3:00PM EDT to provide insight and resources for post-college financial well-being. Establishing a strong baseline of financial capability is essential for building long term wealth. The program will start by defining common financial and investing terms that young professionals should understand to better navigate banking, saving, and investing services. We will share insights and best practices on how to navigate student loans once participants graduate and enter the repayment phase. We also will discuss other financial considerations at the start of participants’ careers, and pitfalls to avoid. Finally, we will provide perspectives on investing for the long term, including the importance of diversification, managing fees, and avoiding fraud.

Please join us online on Wednesday Nov 10^th at 2pm ET by registering here.

Launching Well: Coaching Young Professionals to Build their Financial Capability
Date: Wednesday, November 10, 2021
Time: 2:00PM – 3:00PM (EST)

Webex Link: https://cfpbgov.webex.com/cfpbgov/onstage/g.php?MTID=ef640dcd38a52de60151fe2b588e466e1
Access code: 2763 386 0790
Passcode: TpvicTWX@586 (87842899 from phones)

Personal Finance Videos for Young Adults

"PBS Digital Studios is producing an excellent video series to guide 20-somethings who are starting their careers and want to get a handle on their finances.

In “Two Cents,” financial planners Julia Lorenz-Olson and her husband, Philip Olson, will make you laugh as they convey their very solid advice about personal finance. “How to Ask for a Raise” is perhaps the most relevant video to young adults – especially the ladies. Only one in three women believe that their pay is negotiable. Nearly half of all men do."

"The “Love and Money” episode asks the questions that are crucial to a successful partnership: how much does he or she earn and how much does this person owe? In “How Cars Can Keep You Poor,” the Olsons advise against buying a new car, which depreciates 63 percent in just five years – they compare it to investing in an ice cream cone on a hot day."

Thanks again to Kim Blanton who writes The Squared Away Blog for this great info. read her full blog post at: http://squaredawayblog.bc.edu/squared-away/personal-finance-videos-for-young-adults/

5 Fiancial Goals for Teens & Young Adults

Check out this post from Squared away and watch the 11 minute Ted Talk by Alexa von Tobel.
She proposed these five financial priorities (with minor alterations by Squared Away): http://squaredawayblog.bc.edu/squared-away/5-financial-goals-for-teens-young-adults/

1. Follow a budget.
2. Have an emergency savings account.
3. Strive to become debt-free. Pay credit cards in full.
4. Negotiate your salary.
5. Save for retirement to secure employer’s 401(k) match.

Millennial: In debt and NOT saving for retirement

“Young Americans are more focused on paying off debt than they are on saving for retirement, and that can be a mistake, experts say. Those ages 22 to 32 can miss the chance to ride out market fluctuations if they don't invest early, says Karen Wimbish of Wells Fargo. A survey by Wells Fargo shows that 87% of millennials say they have too little money to save. ‘That's concerning," Wimbish says, "because this generation, more so than any other before them, is going to be primarily if not solely responsible for whatever their retirement looks like.’”OnWallStreet.com

http://www.onwallstreet.com/news/millennials-not-planning-for-retirement-2685009-1.html?force_pg=/News/

Start Early to Take Charge of Your Financial Future

An April 30 webinar will provide tips and tools to help college seniors and young workers learn to budget for today's needs and tomorrow's goals. "Start Early to Take Charge of Your Financial Future" will be held from 3-4 p.m. EDT on Tuesday, April 30. Participants will receive practical guidance and resources to assist with budgeting, managing debt from student loans and credit cards, saving and investing for short and long-term goals, making the most of employer-sponsored retirement and health benefits, and other aspects of personal finance management. 

"For those just starting their careers, there are a lot of demands on their income and retirement seems far away," said Assistant Secretary of Labor for Employee Benefits Security Phyllis C. Borzi. "However, by starting early and taking advantage of employer-sponsored benefits, young workers can take charge of their finances and begin to build retirement savings at a time in their lives when it will have the greatest impact."

The U.S. Department of Labor's Employee Benefits Security Administration will co-host the webinar with the U.S. Department of Education's Federal Student Aid office and the Certified Financial Planner Board of Standards as part of the Financial Literacy and Education Commission's Starting Early Campaign.

Members of the public can register for the free webinar at http://s.dol.gov/ZJ.

Social Security: The Facts May Surprise You

With Congress looking for ways to cut budget deficits, it is absolutely critical for Americans to educate themselves about our most successful and cost efficient social program: Social Security.
"The National Academy of Social Insurance (NASI) released an animated, 4-minute video that explains the basics about Social Security, including its purpose, who pays for it, who gets it, and what it means to seniors, working families, and children now and in the future." http://www.youtube.com/watch?v=lHAcy4SNVbo&feature=bf_prev&list=UUQlxOsA7o2uhcWYT2Po28FQ 

Also: Demystifying Social Security for Young People (4 min.)

http://www.youtube.com/watch?v=pzpDWcqz458  Learn more about Social Security at: http://www.nasi.org/learn