7- The Double Edged Sword of Credit
Tuesday, July 27, 2021
Managing debt is an integral part of financial literacy. It can be used to help reach your goals, or it can be a hindrance, depending on how you use it. While in general, the less debt you have, the better. Knowing what types of debt to take on and how to keep it in control can be part of your full financial picture.
6- Types of Insurance Everyone Should Know!
Tuesday, July 13, 2021
You work hard for your money, and the wealth you accumulate needs protection. Protecting yourself is a key principal that we briefly discussed in our introductory email of the Financial Literacy Series.
A major illness, automobile accident, or fire may leave you with unexpected expenses. Insurance can help cover some or all of these costs and reduce your risk. It’s important to be familiar with these common types of insurance.
5- The Fundamentals of Investing - Do you Know Them?
Tuesday, June 29, 2021
A key component of financial literacy is understanding the basics of investing. Investing doesn’t have to be complicated! You’re trading access to your money now to use later on while giving it time to potentially grow. There is a universe of investment vehicles that can be used in investing strategy.
4- Saving for your Dreams Should Start Now!
Tuesday, June 15, 2021
Knowing what you earn and having a solid budget are two necessary steps in managing your money. If you have both of these in place, you’ll want to set up plans to save for expenses you need to cover in the short term, long term, and in the event of an emergency. Having an actionable savings plan allows you to maximize your money and reach your investment goals.
3- Swap Living Paycheck to Paycheck for Living Budget to Budget!
Tuesday, June 1, 2021
Setting up a budget is relatively simple; sticking to your budget can be much harder! Ask yourself why you want or need a budget in the first place – that way, you have a goal in mind! Think about aligning your budget to a shorter-term goal like buying a home or affording a vacation. That way, the finish line isn’t so far off! Achievement is just around the corner, click here for some steps to get you going!
2- Know What you Earn!
Tuesday, May 11, 2021
Understanding your total compensation is a pillar of your financial literacy, but there’s so much that can go into it! For many employers, a comprehensive employee benefits package is one way to attract and retain their employees. However, not all packages are created equal – some employers will cover more of the costs than others. It’s vital to understand the structure of these benefits and their impact on your take-home pay so you can make educated financial decisions. Here are common elements of a compensation package.
1- Can you Pass the Test?
Tuesday, April 27, 2021
April is Financial Literacy Awareness Month! "Can You Pass the Test?" introduces our Financial Literacy Series. It's an excellent opportunity to raise awareness about the importance of financial literacy.
Financial literacy is the understanding of financial topics relating to personal finance, protection, borrowing, and investing. Here are the five key principles of financial literacy determined by the Federal Financial Literacy and Education Commission. Having a thorough knowledge of these concepts provides to base to make sound financial decisions that lead to a secure financial future.