Planning a wedding can be exciting… and stressful. You have a lot of details to oversee. Before you walk down the aisle, sit down with your fiancé and have an honest conversation about your finances. It may save you some headaches after the honeymoon is over.
In a blink of an eye, our lives could change. Often, change can be joyous and welcomed, as would be the case with the birth of a child or a job promotion. Life changes aren’t always a welcomed occurrence, however. An illness or injury could leave us unable to work or enjoy our normal lifestyle.
Per a 2014 study conducted by the Council for Disability Awareness, one in four 20-year-olds entering the workforce will suffer some income-interrupting disability during their working career. An income is a person’s most important financial resource. It pays the bills and makes financial security possible. It needs protection.
Cash flow management is a key component in business operations, and should involve more than just a focus on the lag between the time you have to pay your suppliers and employees and the time you collect from your customers. A good strategic plan involves: 1) good relationships with lenders; 2) maintaining good vendor relations; and 3) communicating payment term expectations with customers up front.
Teenagers and twenty-somethings may not realize it, but every time you enter a new phase of your life as young adults — such as starting college — you’re also venturing into a new world of money management. Here are ways to be prepared.
As a young adult, you start taking more responsibility for handling money and choosing how you want to save or use it. But how much do you really know about managing your finances. This simple quiz from the FDIC will test your knowledge on basic financial matters.
Do you want to find ways to stretch your money, so it goes farther and is there when you really need it? Here are some suggestions from STAR Bank and the FDIC for knowing how much money you have, how much you need for expenditures, and how to reach your goals by cutting back on what you spend.
As a teen, you’re beginning to make some grown-up decisions about how to save and spend your money. That’s why learning the right ways to manage money…right from the start…is important. Here are some suggestions, from STAR Bank and the FDIC, to get you started making smart financial decisions early that will make a big impact over adulthood.
If they are old enough to ride a bike, they are old enough to start learning financial lessons that will last a lifetime.
The best financial lessons are part of everyday experience. Look for opportunities to talk about money, read books aloud and play games that center around spending money wisely. Be open and honest when you discuss your financial experiences—good or bad.
STAR Bank is proud to partner with Junior Achievement of Northern Indiana and the American Bankers Association in taking an active role to help teach children how to establish and maintain healthy financial habits.