[Handout] Financial Literacy for College Students: Credit Scores

Posted by Joe Crosby on 1/25/16 3:03 PM

Successful management of personal finance is like any resolution. One must learn how to take action, resolve to make it happen, find the willpower to persevere, and then turn those actions into almost mindless habits. 

If you want examples of how that process works, you can just ask the good folks of The Villages, Florida, Sun City West, Arizona, or Sun City Center, Florida.

The bronzed retirees enjoy pickleball, leisurely golf cart trips to gourmet restaurants, mid-day dips in the pool, and impressive credit scores.

According to WalletHub, these cities have highest-in-country credit scores (insert golf clap) and it's likely because these people have developed rock solid personal finance habits of budgeting, paying bills on time, borrowing wisely, frequently tracking accounts, and protecting themselves against identity theft.

And it comes easy. It's a habit. 

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Topics: Financial literacy

The One-Page Financial Plan for College Students

Posted by Joe Crosby on 1/7/16 7:30 AM


If you like simplifying things that once seemed difficult or studying how values impact financial decisions then I recommend The One Page Financial Plan by Carl Richards. 

The book is written to help people and families make financial decisions focused on priorities. 

You would think that college students would highly prioritize their education. After all, they are paying good money (borrowed or not) to be there. 

Yet students frequently skip class so they can pick-up a few more hours at work. They routinely don't buy a book because it's too expensive and they continue to fight an on-going tug-of-war between money and academics. The outcome of that battle is seen in lower than expected 6-year graduation rates.

If Richards can help people plan for major things like retirement, raising children, and re-focusing our relationships with money, can he help us simplify a financial plan for college students?  

As you strive to help students through 2, 4, or 6 years of school, here are a five points from the book that could help students make a plan to stretch their dollar all the way to graduation and beyond.  

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Topics: Financial literacy

Money Talks: Off Campus Living

Posted by Joe Crosby on 12/15/15 5:33 PM

Money Talks are quick hitting posts on a topic that will help your students manage their loans and finances. With links, tools, and visuals, you can easily use the information to help your students become financially healthy and strong.  

Previous Money Talks: TaxesCredit Scores | Staying on Budget  | Dropping Out & Student Loan Repayment Options | Forecasting the Future | Making Summer Income Last All Year

While post-secondary education is about growing as a person, acquiring workplace skills, and developing professional opportunities to improve earning potential, it's helpful to have a good place to live while you're doing that. 

And the debate for students across the country continues to be should I live on-campus and take advantage of all those conveniences or do I live off-campus to have more flexibility. 

If you're in charge of helping students make good money decisions, then housing is a great place to start. Here are 4 resources to help you, help them. 

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Topics: Financial literacy

An Unscientific Guide: How Financial Literacy Engages the Brain

Posted by Joe Crosby on 12/8/15 10:26 AM

When done correctly, financial literacy creates behavior change. It builds confidence. It lights a fire. 

And being around a population that can really benefit from it, like college students, puts us all in a unique position.

We frequently hear that offering financial education is only the start because even things that are good for us and available to us often go unused (says my dusty treadmill in the corner).

So that means we have to engage our students and promote financial literacy. We have to try to be creative in our approach and always innovative in getting this life-changing benefit into the hands, hearts, and brains of our students.  . 

To build that engagement, in the past we've offered 6 financial literacy topics that are a good start for your curriculum, a social media starter kit for making financial literacy social, and 7 stages to getting to financial contentment for college students. 

Today, we offer the brain. 

And we explain, in this not-so-scientific graphic, just how financial literacy can reach and impact the brain of your college student.

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Topics: Financial literacy

[Handout] 10 Ways to Capture the Spirit of the Holidays within Your Budget

Posted by Joe Crosby on 11/5/15 12:00 PM

Consumer confidence is up. Americans plan to spend more this holiday season than any year since 2007 according to a recent Gallup poll. They put the spending frenzy at $812 per person.

The National Retail Federation says the sweet spot is closer to $805. 

Let's be encouraged and celebrate the early projections that show the economy will keep rolling based on nice year-end sales. Yet at the same time, let's work together to make sure your students aren't spending $800 if they don't have it. 

We've published a handout that gives your students some less expensive ways to enjoy the season. It can truly be the most wonderful time of the year even without bags full of new clothes, the latest technology, gaudy gifts for all the BFFs, and a pile of debt to show for it. 

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Topics: Financial literacy