Tagged With "credit and debt"
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Re: Credit Scores Revealed
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Re: The Importance of Estate Planning for Military Families
Automated message: Thanks for sharing this event! If you can, please remember to update this listing after your event with a link to the recording. You can do that by coming back to your event here in Connect Extension, clicking "Manage Event" and then "Edit Event." From there, I suggest adding the words "Recording Available Here" to the top of your event and linking out to the recording. Example: Recording Available Here Thanks for helping us make this an awesome archive of resources for...
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Financial Health: What It Is and How to Achieve It
Extension educators are in a position to help consumers build financial health. This post describes what financial health is, how to assess it, and twelve steps to achieve it. What Is Financial Health? Financial health is the current state of someone’s finances. It includes both daily financial functioning (e.g., paying bills) and long-term resilience and opportunity. Like physical health, financial health can change over time and needs to be assessed regularly. According to the Financial...
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Teaching Children About Money
Financial education courses notwithstanding, children’s strongest financial influence is most likely their parents. Below are tips for Extension educators to share with parents interested in teaching their children about money:
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Money-Saving Tips for Uncertain Times
Between a four-decade record high for inflation and rising interest rates, many Americans are being squeezed financially.
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Six Tips for Building Wealth
Extension Educators can change their clients’ lives dramatically by sharing information and tools to build wealth. One of the most valuable financial resources is time for compound interest to work its magic on regular savings deposits such as Roth IRA contributions.
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Re: Build Credit to Your Advantage November 9, 2022
Automated message: Thanks for sharing this event! If you can, please remember to update this listing after your event with a link to the recording. You can do that by coming back to your event here in Connect , clicking "Manage Event" and then "Edit Event." From there, I suggest adding the words "Recording Available Here" to the top of your event and linking out to the recording. Example: Recording Available Here FAQs for Learn Calendar Users: Will a recording be available? That is entirely...
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Smart Holiday Spending and Debt Repayment
In December, many Extension educators field questions about holiday shopping and subsequent debt repayment. Check out these tips to share with clients.
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Student Loan Management
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Strategies to “Liven Up” Financial Education Classes
Extension educators are always looking for ways to increase participation and engagement in their financial education classes. Here are a dozen interactive teaching methods to consider: Case Study Analyses, Current Events, Financial Calculator Debriefs, Gallery Walks, Documentary Debriefs, Guest Speakers, and more!
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A ChatGPT Primer for Financial Educators
Since launching in November 2022, ChatGPT has become the fastest technology tool to reach 100 million users…ever. Some are calling it “the next transformational platform.” Extension Educators may field questions about ChatGPT or consider its use in their work. Below are five key things to know about this ground-breaking artificial intelligence (AI) tool: ChatGPT Description - ChatGPT is “a very smart text-based robot” that can answer questions and have conversations with users. GPT stands...
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Smart Uses for 2022 Tax Year Refunds
Below are five smart uses for tax refunds for Extension professionals: Debt Repayment- There is probably no better “investment” than repaying consumer debt (e.g., outstanding credit card bills). Paying off an 18% credit card is equivalent to earning a 20.5% return for taxpayers in the 12% tax bracket
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Ten Tips for Military Families to Survive a “Financial Tornado”
U.S. consumers haven’t just experienced a “perfect storm” of financial challenges…they have experienced a “perfect tornado!” Challenging financial events include sustained high inflation (and increased costs for food, utilities, rent, gas, insurance, housing, etc.), recession fears, increased interest rates, bank failures and government bank take-overs, volatile stock prices, lower savings rates, and increasing household debt. Extension professionals routinely answer questions from clients...
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Holiday Shopping with a Financial Mind$et
As we approach the Christmas season, be mindful of excessive holiday spending. While Christmas is the season of giving, excessive spending can lead to much regret, depression, and even added financial struggles in the new year. According to Berden and Haws (2012), spending can quickly get out of hand when it is driven by emotions rather than a plan. Have you ever gone to the store to grab a few items, but as you stroll next to the; buy one get one free, the rollbacks, the manager's special,...
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Emotional Spending 101
Unlike impulsive buying, emotional spending is frequently heightened by stress, grief, or moments of happiness or sadness. Regardless of these triggers, they can impact your finances negatively. For example, you shop to make yourself feel better after a bad day at work. As a result, compulsive shopping and spending stems from an impulse disorder habit that can be addictive for many. The relationship between money and happiness is now seen as complete. Aknin, Wiwad, and Hannibal (2018)...
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A Special Treat for Professionals: Free CPE Units Available Now for Reading the Dietary Guidelines for Americans ________________________________________
You can now earn 2.0 free continuing professional education (CPE) credits for reading the Introduction and Chapter 1 of the Dietary Guidelines for Americans, 2020-2025 ! Credits are provided by the Commission on Dietetic Registration (CDR), the credentialing body for Registered Dietitians and Dietetic Technicians, Registered. The self-study module will equip professionals with knowledge of the scientific underpinnings that makes the Dietary Guidelines relevant across all life stages.
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Extension Foundation Releases New NTAE Titles
The Extension Foundation has added five new titles to its publications library. The brief publications - written as magazine-style feature stories - share project work funded through the New Technologies for Ag Extension (NTAE) program , a cooperative agreement between USDA NIFA, Oklahoma State University, and the Extension Foundation. NATE's goal is to incubate, accelerate, and expand promising work that will increase the impact of the Cooperative Extension System (CES) in the communities...
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Trending Topics in Financial Education
Stay current with trending financial topics in order to effectively serve clients. Here is a brief description of five trending financial topics related to current events, economics, legislation, and consumer behavior. Implications for military families are described.
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Unearthing Financial Trauma
Transitioning into 2024 marked a new year. Many of us saw the new year as an opportunity to start fresh, but financial hardships and losses can have a lasting impact on our mental health. This type of impact leads to unforeseen trauma. Often, we make resolutions to hit the ground running in the new year, but old habits die hard, mainly when these habits are deeply rooted in our psyche. Let us be realistic: We all plan to go to the gym on January first; we even go shopping over the holiday...
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Understanding Financial Stress and Mental Health for Service Members
Inflation continues to be a global economic challenge, impacting everything from food costs to housing affordability. Explore the difference between objective and subjective financial stress, identify questions to ask your clients, and connect with additional learning opportunities, including an on-demand webinar to learn more.
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Student Loan Repayment Updates
Learn about the return to student loan repayment, the new SAVE plan, historical loan balances and upcoming changes that impact borrowers.
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Building Financial Recovery Capital Among Service Members
Building recovery capital can mitigate the stressors often associated with Substance use disorder (SUD) recurrence (i.e., relapse or return-to-use), including financial stress.
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Nurturing Futures: How Quality Child Care Supports Family Financial Well-being
by Crystal Williams, Ph.D. What is high-quality child care? High-quality child care programs are settings in which children receive enriching experiences and engage in responsive interactions that promote their development and learning (Barnett et al., 2010). All child licensed care programs meet minimum licensing requirements in their state, which focus primarily on health and safety. High-quality programs meet standards that go beyond the minimum. Some characteristics of a high-quality...
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Family Resource Management Extends Beyond Finances
While financial literacy is paramount, families also should look for ways to manage their collective resources. These range from: time and energy, to personal belongings and the spaces in our homes, to relationships. By managing our resources wisely, we are inadvertently managing our stress levels and mental health.
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How the Total Force Fitness Framework is Applicable to Caregivers & Providers
Rachel Brauner is a Program Coordinator for OneOp. OneOp is a single-point-of-entry professional development resource for military family service providers. To learn more about OneOp and register for the annual Military Family Readiness Academy (MFRA), visit www.oneop.org/mfra In the recent MFRA session on Strengthening Health, Wellness, and Financial Security through Total Force Fitness (TFF), we explored the TFF framework and how its approach to health and wellness can be especially...
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How Does Military Spouse Employment Contribute to Financial Readiness?
Military spouses face challenges in gaining and maintaining meaningful employment. A military family’s economic security is critical to mission readiness. As such, spouse employment can greatly contribute to financial readiness.
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The Role of Domestic Abuse Victim Advocates Working with Clients Experiencing Financial Abuse
Written by: Fe Villegas, MSW, Program Analyst, DoD Military Community Advocacy, Office of Force Resiliency Leaving an abusive partner can be an expensive undertaking. Research shows that most domestic abuse survivors experience financial abuse along with other forms of victimization (National Network to End Domestic Violence, n.d.). Coercive control, a characteristic of domestic abuse, and financial abuse – combined with how often survivors are isolated from their natural resources by their...
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Maximizing Financial Wellness: Cooperative Extension's PowerPay for Military Service Providers
Discover how to maximize PowerPay for military service providers in the latest issue of PowerUp.
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Four Strategies for Military Families to Pay for Education Expenses
Whether you’re supporting a service member transitioning to civilian employment, alongside a military spouse, or helping both as they explore options for their child(ren), discover four ways for military families to plan for education expenses.
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A Fresh Start Approach to Finances
Life is filled with moments that naturally inspire change (e.g., birthdays, the start of a new season, or the beginning of a new job/role). These “fresh starts” allow us to pause, reflect, and reset our priorities. Research shows that fresh starts can be powerful motivators, particularly when it comes to improving financial habits.
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Why Financial Skills Matter for Neurodivergent Children
Learning how to manage money is important for everyone, but it can be especially challenging for neurodivergent children, or kids whose brains work differently. Discover tips designed for parents and resources for financial professionals who are interested in working with neurodiverse clients or families with neurodiverse needs.
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Understanding Financial Recovery Capital
Professionals can impact the development of recovery capital (RC) in clients with a history of substance use disorder or addiction. Personal RC includes both physical and human capital. Essentially, it is the combination of resources one has available to aid them in overcoming substance use challenges.