Student Loans
College can be incredibly expensive, and many families take out student loans to help cover the costs. But there are several types of student loans with different terms for paying back the borrowed funds, as well as various strategies for juggling paying off student loans while covering other expenses.
Guiding Gen Zers and Millennials Through Life's Financial Transitions
Financial planning for Gen Zers and Millennials requires a different approach than for older generations. These young adults often balance careers and income with student debt, buying a home, marriage, building families and saving for retirement, just to mention a few financial intentions.
The Latest
Did you know that nearly 80% of Millennials and Gen Zers have turned to social media for financial advice? It's not surprising when you consider that a whopping 69% of those surveyed by Forbes Advisor encounter financial advice on social media at least once a week. For 1 in 4, it's a daily occurrence. In the age of information overload, navigating financial advice on social media can be tricky. With countless influencers and self-proclaimed experts vying for your attention, it's crucial to approach online financial guidance with a discerning eye.
It’s summertime, and everyone is feeling good! Not many people are thinking about financial planning right now. Usually, clients like to think about money during tax season, at the beginning of the year and in the fall. Although clients typically don’t want to meet in the summer, this is a great time to schedule a check-in. Mid-year check-in with your CERTIFIED FINANCIAL PLANNER™ professional is essential to your financial planning process. A mid-year check-in allows you to evaluate your progress toward your financial goals.
After 27 months of paused payments and 0% interest, student loan relief is scheduled to end on August 31, 2022. Are you ready to make federal student loan payments again? Find Out When Your First Student Loan Payment Is Due.
Are you prepared to start making student loan payments again? Federal student loan payments are slated to resume in May 2022 after a two-year freeze. A CFP® professional can help you prepare your budget for student loan payments to resume and avoid falling behind.
If you are paying off a student loan, chances are that debt management should be a top priority of your financial plan. So consider devising a monthly budget that allows you to pay your debt off as quickly as possible. Expenses fall under two categories: non-discretionary and discretionary.
There is a general misconception that you need to be wealthy before working with a financial planner. That is far from the truth. While many Millennials may not consider themselves “wealthy,” that shouldn’t stop them from working with a financial planner.
To help you protect and manage your finances during this stressful time, CFP Board has gathered articles and resources from a range of reputable sources.
Not all debt is bad. Consider a few situations when debt can help improve your overall financial situation.
Good credit is an important aspect of life’s major decisions: it's required to obtain loans, keep low interest rates on credit cards and purchase a home or car.
Learn why most budgets are about as successful as crash diets, and get 5 tips to ensure that you can create a realistic budget to reach your goals.