Author: Team SESLOC

Online Educational Resources for Youth

Fun Online Tools to Teach Kids about Money [Includes Printable Downloads]

Financial education is important, and it’s never too early to start. At SESLOC, we make learning fun with activities to help your kids learn the value of money and the importance of growing their savings. Help them develop habits now for a lifetime of financial wellness. Check back to see what’s new! For Kids: Fun… Read more »

Teaching Kids About Money

5 Ways to Teach Your Kids Financial Health Habits

When should you start teaching your kids about money? Early — because the skills and habits they learn now can have a tremendous impact down the road. According to a Cambridge University study, children develop critical financial skills and habits by the time they turn seven. This includes understanding the principles of counting, earning, and… Read more »

Loan Support

Special Loan Assistance Programs for Members in Need due to COVID-19

We understand that the rapidly changing COVID-19 pandemic is negatively affecting our members and we want to help. For members who are experiencing difficulty making their loan payments, we have a simple and streamlined process to request to defer payments on eligible mortgage and consumer loans. Plus, we are offering low-rate emergency loans. Please visit our… Read more »

Cybersecurity

Fraud Advisory: Scammers Exploiting COVID-19 Crisis

SESLOC is committed to safeguarding the physical and financial health of our members, staff and communities. During this vulnerable time, scammers and cyber criminals may try to take advantage of your concerns related to the Coronavirus (COVID-19) pandemic. They may offer you fake products, medical advice, create fake charities, or compel you to click a… Read more »

Should I Invest or Pay Off Debt?

Should I Invest My Extra Cash or Use it to Pay Off Debt?

ASK A FINANCIAL PLANNER To answer this question, you must decide how your money can work best for you. Compare the money you might earn on other investments with the money you would pay on your debt. If you would earn less on investments than you would pay on debts, you should pay off debt…. Read more »

College Saving Options

College Saving Options

ASK A FINANCIAL PLANNER For the 2019-2020 college year, the average annual cost of attendance (known as the COA) at a four-year public college for in-state students was $26,590, the average cost at a four-year college for out-of-state students was $42,970, and the average cost at a four-year private college was $53,980. The COA figure… Read more »

SESLOC Partners With SLO Children's Museum to Provide Busy Box

SESLOC Partnering With SLO Children’s Museum to Provide “Busy Boxes” for Families

Update 3/19/2020: Due to the shelter-in-place guidelines for San Luis Obispo county, the San Luis Obispo Children’s Museum will not be able to distribute more boxes as it’s not an essential service. We’d like to thank the hard working staff for making all of the boxes! SESLOC has partnered with the San Luis Obispo Children’s… Read more »

Money Concepts for Teens

Money Concepts for Teens & Young Adults

If you’re about to head out into the workforce, there are some important things you’ll need to know about adulting — like budgeting and credit report basics, how taxes affect your take home pay, and what you need to know about applying for college financial aid. Download the Money Concepts for Teens and Young Adults… Read more »

5 Financial Health Goals for Your 30s

5 Financial Health Goals for Your 30’s

The 5 financial health goals for your 20’s help you develop a solid financial foundation — like starting a budget and making it a habit to save. Life does happen, so if you haven’t hit those milestones yet, don’t be too hard on yourself. Every step you take today is still a step in the right… Read more »

Coronavirus Concerns?

Coronavirus Concerns? Consider Past Health Crises

ASK A FINANCIAL PLANNER During the last week of February 2020, the S&P 500 lost 11.49% — the worst week for stocks since the 2008 financial crisis — only to jump by 4.9% on the first Monday in March.¹ By all accounts, the drop was largely driven by ever-increasing fears about the potential effects of… Read more »