Mind Your Money

 

Welcome to the library's multi-author blog and associated resources for increased financial literacy. This program is made possible by a grant from the FINRA Investor Education Foundation through Smart investing@your library®, a partnership with the American Library Association

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For questions or comments about this program, please send email to mym [at] hmcpl [dot] org.

 

 

Free webinars May 22nd - 29th for increasing your financial literacy

Money Management International, the largest nonprofit, full-service credit counseling agency in the United States, offers free webinars to help you learn how to manage your money, raise your credit score and get out of debt. Click on the titles below to find out more information and to register.

Need help calculating your time zone to match the listings? Click here!

Put your debt on a diet

  • Start Time: 05/22/2014 1:00 PM
  • End Time:  05/22/2014 2:00 PM
  • Time Zone: (GMT-05:00) Eastern Time (US and Canada)
  • Do you want to get out of debt faster? This free webinar will show you how to pay off debt by using our Fast Track Payoff Plan. You will also learn how to free up additional monies by using the Step-Down Budgeting Plan.

Your credit report and credit score

  • Start Time: 05/27/2014 2:00 PM
  • End Time: 05/27/2014 3:00 PM
  • Time Zone: (GMT-05:00) Eastern Time (US and Canada)
  • After completion of this free credit webinar you will know how to understand your credit report, obtain your free report, dispute incorrect information, understand your credit score, and understand how your credit score impacts your financial health.

Budgeting: Make your money count

  • Start Time: 05/27//2014 4:00 PM
  • End Time: 05/27/2014 5:00 PM
  • Time Zone: (GMT-05:00) Eastern Time (US and Canada)
  • Without a spending plan written out we will never gain control over our financial situation.  Learn the components of a spending plan and how to develop a plan to take control over your finances.  This leads to less stress in our lives and a sense of achievement.

Guide to frugal living

  • Start Time: 05/29/2014 4:00 PM
  • End Time: 05/29/2014 5:00 PM
  • Time Zone: (GMT-05:00) Eastern Time (US and Canada)
  • If you want to change your current lifestyle, think about frugal living becoming your new normal. Through this free financial webinar, you'll learn about frugal living and how to implement your own frugal living program.

These seminars are transmitted over the Web through Adobe Connect. More information about the requirements and links to test your computer may be found here.

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5 Simple Tips for Achieving Greater Financial Security

Could your personal finance plan use a bit of structure?  FINRA can get you started with their 5 tips for achieving greater financial security.  Simple steps, such as thinking about retirement, investing, and credit reports, are a good start.  And the article provides links for further reseources on the Save and Invest website.

Roadmap to Saving and Investing

Roadmap to Saving and Investing

Navigate your way through the Roadmap to Saving and Investing with this interactive map from Investor.gov

The 1st Step - Define Your Goals

Knowing how to secure your financial well-being is one of the most important things you can do for yourself. You don’t have to be a genius to do it. You just just need to know a few basics, form a plan, and be ready to stick to it.

To end up where you want to be, you need a financial plan. Ask yourself what you want. List your most important goals first. Decide how many years you have to meet each specific goal, because when you save or invest, you’ll need to find an option that fits your time frame. Here are some tools to help you decide how much you’ll need to save for various needs.

  • The Ballpark Estimate, created by the American Savings Education Council, can help you calculate what you’ll need to save each year for retirement.
  • The Financial Industry Regulatory Authority (FINRA) has a college savings calculator.

Stretch Your Travel Dollar

Got a yen to hit the road this summer? Bargain-basement deals are hard to find at the height of the season, but there are ways to stretch your travel dollar.  Here's the rub: Saving money on summer travel means a lot of homework. Plus, if you're locked into specific travel dates it will limit your ability to slash costs. 

Read more about how to save on travel in The Tricks to Traveling Cheaply article from the Wall Street Journal.

10 Money Saving Grocery Tips

Here are 10 money saving tips to try out while you go grocery shopping:

1. Don't center every meal around meat

2. Use coupons

3. Make a list-- and stick to it

4. Don't be afraid to buy store brand

5. Buy in bulk

6. Compare unit price

7. Watch register for incorrect prices

8. Shop seasonal

9. Plan menus

10. Don't shop when you are hungry

#mym

Money Saving Grocery Tips

Warriors avoiding financial pitfalls

Among the dangers that our military faces are financial predators in their own backyard.  Many people do not realize that personal finance issues are a significant concern for our service men and women.  A recent article in Military Times outlines some of the pitfalls that the military community should guard against.  It describes sound approaches to these situations, and mentions a book that three Army captains penned after teaching personal finance workshops for their troops -- The Soldier’s Financial Leadership Guide.

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