Finlit

Money made simple.

[Finlit @LearnFinlit]

A 401(k) is a type of long-term investment that allows you to invest your money before it is taxed. Read more about the 401(k) in the article below, as it can be a powerful tool to help achieve long term savings goals!

#FinLit #401k

https://t.co/eg8r8jKC1v

[Finlit @LearnFinlit]

When money is deposited or withdrawn from your bank account, a transaction occurs.
Overdrafting, or spending too much money than is in your account, causes issues, such as overdraft fees & potential account closures.
Remember to check your account often!

#TuesdayTips

[Finlit @LearnFinlit]

You don’t have to be a financial expert to be able to handle your personal finances. After all, the best financial advice is often simple.

What is the best financial advice that you have received? Let us know in the comments.

#FinLit #PersonalFinance #FinancialAdvice

[Finlit @LearnFinlit]

Bonds are a low-risk way to meet your short-term savings goals. Interest earnings are generally higher in bonds than a savings account, thus increasing your money quicker.

Stay tuned for an investment module coming to https://t.co/o5BjtVRDrO.

https://t.co/MNkyjbxLWa

[Finlit @LearnFinlit]

It’s back to school season!

If you haven’t already, check on your FAFSA’s status & accept any loans or grants you may be receiving for school.
To learn more about the FAFSA, student loans, & grants for college, check out https://t.co/o5BjtVRDrO.
#TuesdayTips #StudentLoans

[Finlit @LearnFinlit]

For migrants to the United States, financial literacy can be the turning point for success.
With financial education, people “are more likely to be engaged in positive savings behaviors & less likely to be borrowing, especially from informal sources.”

#FinancialSuccess #FinLit

[Finlit @LearnFinlit]

With a heightened awareness of saving & spending habits during the COVID-19 pandemic, the economy has been constantly changing. Knowing the basics of economics is important in understanding your personal finance practices.

#PersonalFinance #Economics

https://t.co/CiQWaY4uz1

[Finlit @LearnFinlit]

Short, simple videos made just for you (and your organization).

Each module includes a collection of 60-90 second animated videos with relevant examples to help you best understand personal finance concepts.
Check out https://t.co/o5BjtVRDrO to see the rest of the collection.

[Finlit @LearnFinlit]

A credit score is like a grade that tells how you've handled your money in the past. A higher number is better, making you more likely to receive money from the bank to buy things like a car, house, or schooling.

Visit https://t.co/o5BjtVRDrO to learn more.

#TuesdayTips #Credit

[Finlit @LearnFinlit]

“'Personal finance’ is too often an intimidating term that causes people to avoid planning, which can lead to bad decisions & poor outcomes."

Visit https://t.co/o5BjtVRDrO to build financial confidence for your organization.

https://t.co/Uz907ApI3G

#FinLit #FinancialPlanning

[Finlit @LearnFinlit]

FinLit provides quality basic personal finance education through short, animated videos that can be tailored to your individual needs.
Visit https://t.co/o5BjtVRDrO for more information on resources for broadening your financial knowledge.
#finlit #PersonalFinance #Money

[Finlit @LearnFinlit]

Do you stick to a budget?
According to a U.S. Bank survey, 41% of Americans follow a budget.

Budgeting is the basis for taking control of your finances. At FinLit, we teach you how to budget your money for the things you need, are saving for, and want.

#TuesdayTips #Budgeting

[Finlit @LearnFinlit]

Having a great time chatting with so many interesting #financialeducators at #AFCPE2020. We've loved all the poll responses we've gotten so far and wanted to share preliminary results. Interesting to see what people think.

#financialliteracy #finlit #personalfinance

[Finlit @LearnFinlit]

What do you consider when you spend? In this article, @jasonzweigwsj discusses how Buffett sees the power of compounding and how it translates to his daily life - a few bucks on a haircut can be several hundred grand in the future.

https://t.co/DpOw1jiwJC

#financialliteracy

[Finlit @LearnFinlit]

FinLit also has three modules coming up, two of which on purchasing a car. Stay tuned! https://t.co/o5BjtVRDrO

[Finlit @LearnFinlit]

Having an understanding of what fees you have to (or don’t have to) pay when buying a car and how much you should pay for it will protect you when you purchase a car. Find out more in this @usnews article by @geoffw.

https://t.co/atlBjkPBNH

#personalfinance #financialliteracy

[Finlit @LearnFinlit]

In this article, @erprose discusses young adults' financial struggles and low financial literacy levels and suggests companies incorporate personal finance education for their employees.

https://t.co/MRYWDThvq7

#personalfinance #millennialmoney #financialliteracy

[Finlit @LearnFinlit]

Are you ready for retirement? @MorningstarInc 's @christine_benz used a checklist approach in this article exploring essential steps you should take before retiring.

https://t.co/pwZAzRLAlc

#personalfinance #retirementreadiness #retirementplanning #financialliteracy

[Finlit @LearnFinlit]

Many college freshmen will be making their first financial decisions. In this segment of CBS News, @CAMattingly suggests parents discuss with their children saving and spending money, credit cards, and more.

https://t.co/1MfAfOFTzM

#personalfinance #financialliteracy #college

[Finlit @LearnFinlit]

There are many hidden costs not included in colleges' cost of attendance. In this @nytimes article, Ann Carrns discusses this problematic situation and offers colleges and students possible solutions.

https://t.co/u4YuxabAKx

#personalfinance #collegesavings #financialliteracy