Financial Aid

Things You Must Know To Plan Your Financial Future

Financial Aid

Posted by Mary Beth Erskine on May 28, 2013 8:20:00 AM

Targeted at college seniors and recent grads, webcast provides a wealth of information on planning your financial future, including how to successfully manage student loans.

Take charge of your financial futureHow do you save for the future and manage debt from the past, while living in the present?

No, it’s not a trick question. And the answer does not involve a genie in a bottle, a rich uncle, or a winning Power Ball ticket.

If you’re a recent college graduate ready to step into the workforce and you’re not sure where to begin looking for the answer that’s right for you, check out the U.S. Department of Labor’s webcast, “Start Early to Take Charge of Your Financial Future.”

It’s not too late, or too early, to start planning.

According to the webcast, it’s never too late – or too early – to learn how to budget for today’s needs and tomorrow’s goals.

While targeted at college seniors and young workers, the webcast offers an abundance of practical tips and extensive resources and tools to help any working adult begin planning financially for the future. It addresses a wide variety of financial issues, including budgeting, saving and investing for short and long-term goals, and managing debt from student loans and credit cards.

  • Click here to access an archived recording of the complete webcast.

  • You may download a copy of the webcast slides in PDF format and a toolkit of resources by using the download tab on the homepage of the webcast.

Among these resources is the booklet, “Savings Fitness: A Guide to Your Money and Your Financial Future,” which includes a number of easy-to-use budgeting and planning worksheets, as well as retirement tips – whether retirement is just around the corner or if it’s decades away.

Co-sponsored by the U.S. Department of Education and the Certified Financial Planner (CFP) Board of Standards, the webcast is approximately one hour in length and is composed of three presentations:

Department of Labor: Understand Your Employer Benefits:

  • Making the most of employer-sponsored retirement benefits
  • Why get health coverage
  • Managing cash flow

Department of Education: Successfully Managing Your Student Loans:

  • Student loan landscape
  • Types of loans
  • Repayment options and obligations
  • Postponing repayment – deferment and forbearance
  • Delinquency, default, and collections.

CFP Board: Financial Planning

  • Financial issues that need to be addressed and which comes first
  • Guiding principles regarding debt, liquidity, retirement
  • 6 steps to creating a financial plan

Begin planning now for greatest impact later.

If you’re just starting your career, there are a lot of demands on your income and retirement seems a lifetime away.

But by starting to plan for your financial future early, you can begin building a retirement savings at a time in your life when it will have the greatest impact.

The “Start Early to Take Charge of Your Financial Future” webcast is a great first step.

What are you doing to plan for your financial future?


Image Credit: iampeas on Flickr/Creative Commons

Other posts you may be interested in reading:

Paying For College: A Scholarship Guide For Adult Learners

The First Step In Paying For An Online College Education

The 5 Most Common Questions About Military Education Benefits


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Topics: Paying for College