The Mint Grad
Even money mavens make mistakes. But knowing your strengths and weaknesses can help. Check up on your financial fitness and get your wallet into shape.
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You don't need to be a money maven to make smart money decisions, but you do need to know a thing or two about income, taxes, and safeguarding your hard earned money. Brushing up on some basic financial concepts can help you save money and improve your credit. The Learn section of theMintGRAD has a variety of resources to get you started.
You understand some basic financial concepts, which is a good start. Now it's time to identify where your knowledge falls short (e.g. income taxes, interest rates, investing). You can brush up on a variety of money topics via the Learn section of theMintGRAD. If you feel like you just need some hands on experience, we have tools that can help.
You have a superior grasp of key financial concepts. Your goal should be to translate all this great knowledge into healthy behaviors. You can do this by creating a personal plan that will help you stick to your financial goals.
It's easy to forego setting up a savings account or paying your credit card bill on time. But these "little" mistakes can become costly problems for your finances (and credit score!) down the road. Sit down and think about all of the tools you're using to manage your money (e.g. a budget, online banking, or automatic bill pay). Write them out! If there's a bill you're not automatically paying or a bank account without a savings, take action. You'll feel 100x better knowing that you've planned ahead with easy strategies to meet your longer term goals (more income, an emergency savings, etc.)
Okay, so you might be spending more than you budgeted for, or maybe you haven't committed to a long-term savings account. Don't be overwhelmed. You're making a good attempt to manage your finances; more action just might be needed. Try focusing on one or two areas of weakness that you can easily fix such as starting a savings plan or meeting with a reputable financial professional. When you're ready, set a goal (and a deadline!) to help you benchmark your progress. Most importantly, reward yourself when you accomplish that goal! Just be smart about it.
You've taken control of your finances by protecting all of your bases. Now, focus on YOU. Think about how you can continue to improve your finances so that you're happy, stress-free and contributing to your long-term goals. We know it's not always easy to do, but little improvements here and there can make a huge difference.
You may be under a considerable amount of stress when it comes to your finances. Perhaps you have an abundance of student loans to pay, or you're working paycheck to paycheck. If you feel like you have a lot of catching up to do, know that you're not alone (recent Northwestern Mutual research found nearly one fourth of Americans feel this way). And there are simple steps you can take to chip away at unwanted stress, such as starting a savings program or cutting up unnecessary credit cards. If you have unanswered questions that create uncertainty, talking with a financial advisor (who can keep your information confidential) could alleviate some of your worries. You can also visit the Socialize section of themintGRAD to find out how others are approaching their financial challenges.
Most people are under some type of financial stress. In fact, recent Northwestern Mutual research found nearly one fourth of Americans feel as though they have some catching up to do, when it comes to their money. So give yourself (and your wallet) some financial loving care! Making small changes like saving more or revisiting your budget can go a long way in helping you live a stress-free life.
There are two reasons why you might be stress-free:1) You're working hard to keep your finances in shape and you're confident about the decisions you've made.2) You're not thinking about your finances.
If you're managing your money and planning ahead, then you're setting yourself up for continued success. Keep on planning for the long-term, but when you're ready to make a big life decision (like buying a home or starting a family), find a financial advisor that can coach you in the right direction.
If you're not thinking about your finances, you need to start. The decisions you make today do matter - they impact things like your credit history which is a deciding factor when you're seeking approval on a mortgage, car loan, or personal credit card. You can start by making (or revisiting) your budget. If you're already confident with the budget you have, start planning to achieve your goals.
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