All tagged back to school

Why Young Teachers Need to Invest Outside of Their Pension

Why Young Teachers Need to Invest Outside of Their Pension

Catherine Agopcan
Financial Education, Financial Basics, Retirement For Teachers

Teachers are one of the single largest class of workers with a bachelor’s degree or higher, yet existing systems shortchange teachers when it comes to retirement planning and security.

According to a survey by EdWeek.org, more teachers are thinking about leaving now than before the pandemic. Younger teachers are more likely to leave the profession which means many of these teachers will not qualify for a pension. If they have only been relying on the prospect of a pension and not investing in alternative retirement plans, they’ll have some catching up to do.

In this post, we will look at why a teacher’s pension may not be enough and what investment accounts teachers can self-fund to ensure they have enough in retirement.

The College Series: 10 Tips when Applying for Scholarships

The College Series: 10 Tips when Applying for Scholarships

Elaine Gamolo
College Series

Whether you’re a freshman or a senior, you should always look for new scholarship opportunities. There is a world of free money opportunities for all stages of the student. If you’re an incoming freshman or transferring to a new school, don’t just settle for your scholarship package as your only means of financial/scholarship assistance. Just because you are graduating soon, doesn’t mean there aren’t scholarships out there for you to help with your post-grad debt. If you’re anywhere in between, trying is better than nothing at all! Here are 10 tips when applying for scholarships.

Teach Kids Money Series: The Importance of Finding Teachable Money Moments with Laurel Makowem

Teach Kids Money Series: The Importance of Finding Teachable Money Moments with Laurel Makowem

Laurel Makowem of Mothers Teaching Money
Mommy Money, Teach Kids Money Series

“Each day of our lives we make deposits in the memory banks of our children.”

This post in our Teach Kids Money Series comes from Laurel of Mothers Teaching Money.

I see financial literacy as a collection of skills and mindsets which when learned and practiced often enough become habits. A child is not born financially literate, they are raised by us their parents, families, communities and schools. There are literally hundreds of teaching moments every day that are brand new but often confusing for children. The parent is already occupied with the ‘moment’ so it won’t take any extra time to turn it into a financial lesson

How To Prepare Your Kids to Have a Solid Money Foundation Post Pandemic

How To Prepare Your Kids to Have a Solid Money Foundation Post Pandemic

Catherine Agopcan
Teach Kids Money Series

“Do not confine your children to your own learning, for they were born in another time.”

With many households experiencing economic hardships, it’s more important now more than ever to have money conversations and teach kids the basics of financial literacy. Times are different and it’s very easy for kids to be influenced by social media and their peers without truly understanding the consequences of their actions. Kids who grow up without a proper financial foundation may grow into adults who fear money leading to inaction or bad decisions, furthering a cycle of bad money habits.

So what can we do?

The good news is that parents can start money lessons at home. To help you, we’ve rounded up some resources from financial educators who specialize in teaching parents AND kids all about money. There’s no shame or blame in financial education. If you are learning new money concepts along with your child, then let it be the case.