Do you follow @AmericaSaves on Twitter? If not, you may have missed out on some great articles or blog posts this week about personal finance, savings, or news from America Saves and its campaigns. ICYMI, we share with you each Friday the top five pieces that highlight important topics for savers and partners alike.
This week’s #FridayFive are:
1. In this week’s blog, we featured a BetterMoneyHabits.com video about compound interest. It’s certainly been a buzzword in the news as of late and, when understood, can really benefit savers who are looking to grow their money quickly. If you missed the video, check it out!
2. Between a discussion of saving vs. paying down debt in Experian’s #creditchat on Wednesday, addressing making a financial plan in WiseBread’s #WBChat on Thursday, and budgeting tips in Tarra “MsMadamMoney” Jackson’s #cashchat today, it’s safe to say that budgeting was a major theme in the twitterverse this week. MagnifyMoney reminds us here that building and maintaining a healthy financial picture isn’t just about the budget.
Budgets are imperative, but so is understanding the financial products you're using. Know interest rates on loans & credit cards #creditchat— MagnifyMoney (@magnify_money) July 30, 2014
3. Big win for financial education this week: the Empowering Students through Enhanced Financial Counseling Act (H.R. 4984) passed in the House. According to FinancialCorps, the bill “was moved through the legislative process in an effort to reform the current policies to mandate annual counseling for students who borrow money to finance their education, while increasing their understanding financial aid options, benefits and risks.”
4. I wasn't kidding when I said that budgeting was on the brain this week! In Wisebread's chat about making a financial plan, Transamerica shared some staggering stats. Are you among the 3/4 of working Americans saving for retirement? If not, check out some helpful information America Saves has about saving for retirement.
5. Are you looking to speak to a financial advisor? It isn't an easy process and it's made harder by the fact that you might not know where to start looking OR what to ask when you do finally find someone. In this article, Forbes highlights some of the top organizations where financial planners can be found and provides 10 simple questions to get you started.
Thanks for joining us for this week’s #FridayFive! We’ll see you here next week.