Tag: Life Stage: Young Adult

You’re about to cross a lot of milestones — like moving out, going to college, launching your career, and managing your own finances. No matter what path you take, financial wellness is the greatest gift you can give your future self.  Learn how:

Debt

Get Smart About Debt: 7 Tips to Help You Get Out of Debt NOW

If you are dealing with debt, you aren’t alone. The average American household has an average balance of about $6,600 in credit card debt, and that’s not taking into account home, auto, and student loans. Paying off your debt isn’t always easy, but having a plan can go a long way in achieving your financial goals. Check… Read more »

Financial Facts

3 Tried & True Facts About Personal Finances

No matter your age or stage in life, it pays to know the facts about personal finances. When you understand the basics, you can set yourself up for success and build a healthy financial future. Here are three facts to know about personal finance to get on the right track. Fact #1: Good Financial Habits… Read more »

Lifestyle Creep

Beware of Lifestyle Creep

Lifestyle creep, or lifestyle inflation, happens to the best of us. As your standard of living improves, your non-essential discretionary purchases gradually increase. You might even start to think your “wants” are “needs.” Some creep is natural and to be expected, but excessive creep can derail your finances. In extreme cases, lifestyle creep forces you… Read more »

Comparison

Singing the Comparison Blues is the Theft of Joy (and Your Savings)

Do you use others for the barometer of what you should have or deserve to have? Constant exposure to your friends’ vacations, experiences, dining out, luxury purchases, new cars, and house upgrades on social media amplifies “FOMO (fear of missing out)” and the desire to “keep up with the Jones’s.” Overtime, the idea of what’s… Read more »

Financial Aid Changes

Financial Aid Changes on the Horizon

The U.S. Department of Education has designated February as Financial Aid Awareness Month, and this year there’s a lot to talk about. On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021, another relief package in response to the pandemic. Included in the bill were several provisions related to education, including many changes to… Read more »

First Time Car Buyer Tips

Buying Your First Car? This is What You Need to Know:

Shopping for your first car is exciting, but it can also feel intimidating. It’s a major commitment, but one that will give you the freedom to go where you want, when you want. Before you head to the car lot, set yourself up for success by following these steps: 1. Start with a Budget Take… Read more »

Moving Out

Moving Out: What to Expect So You Don’t Break the Bank

Moving out and on your own is an exciting step towards independence, but the financial responsibility can also be shocking if you’re not prepared. There are a lot of odds and ends that you need to plan for, as well as a lot of expected (and unexpected) costs associated with the move. Here are some… Read more »

Relief for Student Aid

Federal Student Loan Borrowers Get Expanded Relief in CARES Act

Update 1/20/21 — Student loan relief extended until September 30, 2021 Update 12/4/20 — Student loan relief extended until January 31, 2021 Update 8/8/20 — Student loan relief extended until December 31, 2020 On March 27, 2020, Congress passed the CARES Act, the largest economic stimulus bill in the history of the United States, in… Read more »

5 Financial Goals for Your 20's

5 Financial Health Goals for Your 20’s

Starting a new chapter in your life as an independent adult? One of the most important lessons you can learn is about financial wellness. Give your future self the gift of security by hitting these five financial health goals in your 20’s: 1. Start a Budget  A budget is essential for taking control of your… 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 »