Financial Fundamentals for Kids at Home
With the ongoing spread of the coronavirus around the United States and abroad, more than 50 million children have been taken out of schools and classrooms for the foreseeable future. As schools and educators adapt to the challenges and constraints of distance learning, parents and caregivers are finding themselves with an unexpected part-time job: substitute teacher.
Fortunately, there are some important life lessons that you are uniquely qualified to teach. 84% of Gen-Z students currently rely on their parents and family for financial education, as opposed to their schools. While you probably didn’t think you would be adding part-time teacher to your resume anytime soon, you won’t need a degree to build up your kids’ skills to manage money into adulthood while you’re all sheltering at home.
Looking for resources mentioned in the video?
The Consumer Financial Protection Bureau (CFPB) have created many free financial education activities and resources for parents and caregivers to use with kids of all ages.
During this time of economic uncertainty, many of us are experiencing additional financial stress and pressure. But while the crisis may have forced us apart, it’s important to remember that you’re not alone. We know this can be a strain on your financial well-being. So if you’ve recently been impacted by the crisis and are looking for ways to save money, or free up some cash – it may be time to consider debt consolidation. Understanding debt is key to financial wellness. And especially important when faced with unexpected financial hardships or medical emergencies. Taking steps to evaluate your debt can help you understand your options. Whether for short-term relief, or long-term success.
Job Search Essentials
Even during the best of times, finding a new job is rarely what most people consider fun OR relaxing. But when the unexpected occurs, and you’re suddenly without work, or a steady paycheck, life can become a little more intimidating. But don’t let that discourage you, the silver lining is that there are many ways to keep yourself motivated, stay organized and to reduce your overall stress on your personal journey to land the next big gig.
After you’ve identified a list of potential jobs and submitted a few applications – it’s time to start finding and reaching out to relevant people working at those companies. While this may seem awkward at first, this is actually very normal and appreciated by Human Resources departments everywhere.
Is Now a Good Time to Refinance Student Loans?
If you are among the more than 44 million Americans with student loan debt, you may be wondering if it makes sense to refinance your student loans. The answer? It depends on whether you have federal or private student loans. Watch here to explore the options in our current economy.