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Tips, advice, and the latest news from the savings world.

10 Money Tips for College Grads

College Education
Written by Guest Blogger · 27 August 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

College 529 Plans
Written by Guest Blogger · 26 August 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

College
Written by Guest Blogger · 20 August 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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New Feedback System for GI Bill and Tuition Assistance Recipients

College Education Tuition
Written by Guest Blogger · 12 August 2014

By , Assistant Director for Servicemember Affairs, Consumer Financial Protection Bureau (CFPB)

This content is from the CFPB blog.

In April 2012, at Fort Stewart, GA, I was privileged to watch President Obama sign Executive Order 13607: Establishing Principles of Excellence for Educational Institutions Serving Service members, Veterans, Spouses and other Family Members.

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Tip of the Day

Saver Stories View all »

Start Small and Keep on Saving

Written by Super User | March 6, 2012

MajKenisky

Although Major James Kenisky only recently took the Saver's Pledge, he has been living by its tenets for many years: Start Small. Think Big.

Starting Small

I want this story to help others and I am certain I am not the only one who has achieved the level of success in the military that I have.  I am just one voice.  I started saving when I became a Second Lieutenant in the United States Air Force.

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One Sailor's Course to Financial Freedom

Written by Super User | November 26, 2010

We all know its not easy to get out of debt once you in over your head. But it can be done with the sound advice and support that the Military Saves program offers. I am a testament to that. I was a recently divorced, single mother. Like many people I had credit card debt, a car loan, bad credit, and a low income job that never seemed to be enough to put food on the table.

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A Plan for Success

Written by Super User | April 26, 2012

SSGT Zuniga

I’m Staff Sergeant Robert Zuniga and I have been an active duty Air Force medic for eight years. I plan on staying in long enough so that I can retire at 20 years. I have always been interested in personal finance and would like to share how it IS possible for me and my stay-at-home wife and two kids to not only save and invest a ton of money but also have a lot of responsible fun as well on 'low' enlisted pay. You CAN do it too!

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