“Most M.B.A. programs leave federal student-loan borrowers with manageable debt loads, a WSJ analysis found. At about 98% of universities that offer the masters of business administration programs, graduates typically made more money two years out of school than they had borrowed, according to the Journal’s analysis of federal student-loan data for nearly 600 programs…
Month: October 2021
Thinking of upgrading to a new phone?
“Buying a $1,000 iPhone can be equivalent to giving up $17,000 in retirement savings or 2,500 cups of coffee” according to Brian X. Chen, writing for The New York Times. Although buying a new iPhone of other top of the line phone might just cost the equivalent of buying a coffee a day for a…
How to deal with data breaches
A great resource is the Identify Theft Resource Center: https://notified.idtheftcenter.org Change your passwords as soon as you expect a data breach. Use a password manager that generates secure passwords. Source: Financial Planning for Women
Financial Literacy and Career Resources for College Students and Grads
Have questions about borrowing, student loans, car loans, savings, setting goals? Need help with your resume and job search? https://www.igrad.com has videos, info, worksheets and more on its comprehensive website. With additional topics like long term care insurance, the site isn’t just for young folks. Source: Financial Planning for Women
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 10h 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…
Wealthiest Families & the stock market
The top 5% of US households own 71% of US equities, while the top 20% of US households own 93% of US equities (source: Survey of Consumer Finances, Federal Reserve Board). Source: Financial Planning for Women
Beware Parent Plus education loans
“Some of the wealthiest U.S. colleges are steering parents into no-limit federal loans to cover rising tuition, leaving many poor and middle-class families with debt they can’t repay” according to T. D. Hobbs and A. Fuller reporting for the October 14, 2021 Wall Street Journal. “Unlike undergraduate loans that have limits, there is no cap…
Financial Scams targeting Seniors… and what adult children should know
“Many financial scams specifically target seniors. Knowing what the warning signs are for each of these scams can help you avoid falling for them.”Adult children need to know how to recognize signs of scams that may target their parents… and their future inheritance. A Senior’s Guide to Financial Scams (And How to Avoid Them) Lear:…
Want to boost your savings?
Check out this website with plenty of suggestions to help you (or those you care about) improve their savings behaviors. Author Carly Hallman writes: Strategies for Saving Money “Saving money is a beneficial skill to have for several reasons. It may help stretch your paychecks further and you can also work on saving for the…
Claim the Child Tax Credit (CTC) and stimulus payments if you didn’t file income tax return
Most Americans received stimulus payments during Coronavirus because they had filed a federal income tax return in the previous year. If you missed receiving payments because you didn’t file a tax return, there is still time to claim your payments. check out this link to the Social Security website: https://www.ssa.gov/coronavirus/eip/?utm_campaign=ocomm-eip-22&utm_content=t2-learn-more&utm_medium=email&utm_source=govdelivery A new non-filer sign-up tool…