All posts filed under: financial literacy

10 Innovative Personal Finance Tips

Originally posted on Generation Y Retirement Account:
We see articles often about the most innovative companies, the most innovative technology, the most innovative fitness routines…why not the most innovative money tips? One thing I really dig about personal finance is consistency. There are many teachings & rules that were true in the past that are still applicable today. You really can’t doubt him when Warren Buffet states: “Do not save what is left after spending, but spend what is left after saving.” Buffet is now 85 years old and is worth $61.8 billion dollars. Whoa.  I had to take a minute to let that sink in again… When you start to read & learn more about personal finance, you start to recognize patterns. Lot’s of them. This is great though! Repetition really allows you to learn about a subject that may seem like completely unfamiliar terrain. Unfortunately, if we are not exposed to personal finance teachings in our youth we have to play an immense amount of catch-up in our adulthood. Since personal finance is…

Would You Date Someone With Debt?

This is a question that many of us don’t think about, or some may think too heavily upon. To some, bringing up the topic of whether or not someone has any debts conjures feelings of shame, denial, and a sense of intrusion into one’s personal space or even resentment. To others it may be a neutral topic. One that is well received without reservation or apprehension. Why do we respond differently to the same question? I have no idea. I am not a psychologists, nor do I study psychology in any great detail but the stark difference in how topics surrounding money are dealt with in relationships, especially debt, has to make you wonder. What are we really afraid off? So maybe the question is not that simple. Maybe this is an impregnated question. Would you date someone with debt? What type of debt is acceptable and what type of debt is not? How much debt is too much debt? Is student loan debt and mortgage debt acceptable, but not credit card or line of…

Financial Tips for Recent Grads

When I graduated from college there were a few things I quickly learned about finances: 1. Student Loans The first thing you need to do is reach out to the company that financed your loan. They will probably send something in the mail when it gets close to the time for you to start paying back loans, but it’s safer to contact them during the grace period. They will probably let you know when your grace period ends, when to expect your first bill and how much it will probably be. It will also give you a chance to explore your options to reduce your bill. One thing I did was consolidate my loans. I also filed for an IBR to lower my monthly amount. Check out programs like SLS Managers to see if you qualify for loan forgiveness. For more tips on how to lower student loan debt, check out this Washington Post article. 2. Debt Get out of it! Credit…it may not seem important now but it probably will later. If you have …