Tip of the Day

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  • 10 Money Tips for College Grads

    Written by Guest Blogger | August 27, 2014

    By Brian Page, a nationally celebrated financial educator and advocate.
    He is currently developing a Financial Skills blended learning program for LifeDojo. You can follow him on Twitter @FinEdChat.

     

    1. Invest for retirement right away by fully matching your employer’s retirement plan

    • Explore the magic of compounding by calculating what would happen if you invested $10 a day ($3,650 a year) beginning at age 22, earning the market average of 7%.
    • Be alarmed by what happens if you invest and earn the same amount but wait until you are 35 to begin to invest.
    • Get motivated by the returns you would experience by contributing 5% of your income beginning at age 22, and benefiting from a matching contribution of an additional 5% of free money from your employer earning the market average of 7%. The free money match is the greatest advantage of a 401(k) or 403(b).
    • Use this handy list of questions when interviewing financial planners. Above all, make sure your financial planner adheres to the fiduciary standard, legally binding them to put your best interest ahead of their own.
    • To learn more, have a peek at the Department of Labor new job Entrants guide.
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  • Saving For College? These Plans Make the Grade

    Written by Guest Blogger | August 26, 2014

    Lori Schock, Director, Office of Investor Education and Advocacy, U.S. Securities and Exchange Commission

    Parents looking for a way to save for a child's college education should consider investing in a 529 plan. Authorized by Section 529 of the Internal Revenue Code, these are tax-advantaged savings plan sponsored by states, state agencies and educational institutions, designed to encourage saving for future college costs.

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  • Planning for College Expenses

    Written by Guest Blogger | August 20, 2014

    By Laura M. Frey, LMFT, Ph.D. Candidate, Department of Family Sciences, University of Kentucky and Jennifer Hunter, Ph.D., University of Kentucky Family Finance Extension Specialist

    Roughly two-thirds of students enroll in college the fall after graduating from high school. For many of us, planning for college expenses often gets put on the back burner while trying to pay for other expenses that occur during high school.

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RSS Military Savers total Military Savers Pledge Now »

Written by Super User | November 25, 2013

Army Savers

Written by Super User | November 25, 2013

Navy Savers

Written by Super User | November 25, 2013

Air Force Savers

Written by Super User | November 25, 2013

Marine Savers

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Army National Guard Savers

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Air National Guard Savers

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Meet Wacinque BeMende

Written by Super User | November 26, 2010

Meet Wacinque BeMende. He’s so passionate about encouraging savings and promoting financial literacy, he’s established his own Kid’s Savings Program. Wacinque donated $15,000 to the Community Action of Laramie County in Cheyenne Wyoming to begin the Wacinque “ Rhino” Fund Endowment to help kids open savings accounts.

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Relevant Finance from First National Bank

Written by Super User | November 26, 2010

From Get Smart About Credit Day in October 2008 through Military Saves Week in February 2009, participants learned the financial facts of life. Lessons were focused on check writing, understanding the stock market, credit cards, differentiating between needs and wants and budgeting.

In one session First National Bank personalized the ABA Education Foundation’s Teach Children to Save Money Tree lesson with an emphasis on saving. The lesson taught students how to manage money and pay bills while saving.

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One That Almost Got Away

Written by Super User | November 26, 2010

Brody Lockwood - Like a typical fledgling, I started down the track of financial indebtedness. Nineteen years old and nothing to lose. Credit - who need it? Savings - that was for older people with responsibility. Debt - my parents were in debt ergo it must be OK. When I was eligible for reenlistment, I reenlisted for a multiple of 3 worth $15K. I was happy to pay off my debt, but would I be able to stay out of debt?

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