Q: Our daughter was just born. What should we be thinking about financially?
A: Your question around what to think about money-wise shows great parental wisdom. A good start is to envision what you hope she will feel in her own relationship with money in her lifetime. No one wants their kids to be fearful or ill-equipped to handle their money, but we need to envision what we do want for them if we want them to be successful. Picture your daughter responsibly handling money with comfort, contentment, enjoyment and confidence, and take actions to help her make that happen.
Financial success isn’t how much money you have — it’s feeling good about what you’re doing with the money you have.
In this episode of Money Smarts, a podcast of Summit Credit Union, we talk with a certified credit union financial counselor about how to aim to thrive, instead of just survive. Learn how to start feeling empowered, excited and confident about your financial wellness.
In this episode of Money Smarts, a podcast of Summit Credit Union, we talk about how finances can impact your wellness. The idea of wellness includes more than just physical or mental aspects - and money problems can impact your overall wellness.
Four steps to smarter student loan repayment
Remember how exciting it was to find out you were qualified for a student loan? Hooray! You could afford tuition, books, housing, etc. But now that you’re out of school and faced with the reality of paying that loan back, you might be feeling another emotion: anxiety. If that describes you, we have some ideas that can help.
Final numbers are in from Project Money Season 13 – and they’re impressive! After working one-on-one with a Summit Financial Coach for seven months to take control of their daily financial lives, the four Project Money teams have incredible debt reductions and savings to show for all their hard work. (And one team has a $10,000 prize!)