Steps Toward Investing (Recorded Webinar)

Stocks, bonds, and IRAs – oh my!  Where should a young investor start? The recorded webinar, “Steps Toward Investing,” explores investment options and strategies. Learn about important investment concepts such as diversification, purchasing power risk, and market risk. Don’t miss out on the opportunity to have your money grow; learn how to invest while you’re still young!

University of Illinois Extension, along with the University of Illinois’ Student Money Management Center, hosted the webinar “Steps Toward Investing” on November 11, 2014. The FREE webinar will focus on terms related to investing & the benefits of investing early. WatcSaving Badgeh it below!

This is a Saving Badge eligible program, so make sure to take the quiz after watching to get credit!

“Steps Toward Investing” is part of the Get $avvy: Grow Your Green Stuff webinar series. Don’t miss the next webinar, “Making the Most of Job Benefits,” on Tuesday, February 24, from 4:00-5:00 p.m. Register here.

Written by Andrea Pellegrini, University of Illinois USFSCO Student Money Management Center

Establishing Your Roots – Getting Started with Financial Services (Recorded Webinar)

Checking accounts, prepaid cards, debit cards, savings accounts and more! Which financial tools are best for you? Now’s the time to learn which financial tools can help you move forward financially and help you grow your money. Behavioral economists have found that mental accounting – when you put money into a category – can help people save money or cause them to lose sight of their financial goals. You can use financial tools to make mental accounting work for you!

University of Illinois Extension, along with the University of Illinois’ Student Money Management Center, hosted the webinar “Establishing your Roots: Getting Started with Financial Services” on September 16, 2014. The FREE webinar focused on understanding the pros and cons of different financial tools available to you. Watch it below!

spending badgeThis is a Spending Badge eligible program, so make sure to take the quiz after watching to get credit!

“Establishing Your Roots: Getting Started with Financial Services” is part of the Get $avvy: Grow Your Green Stuff webinar series. Tune in for another Get $avvy webinar on January 27, 4:00-5:00 p.m.! Learn how your finances play a role in “Life Transitions.” Register here.

Spotlight on Library Resources: Borrow

Understanding the Mathematics of Personal Finance [electronic resource] : an Introduction to Financial Literacy by Lawrence N. Dworsky

Are you easily overwhelmed by numbers and interest rate calculations? Do you tend to avoid careful planning and decision-making when it comes to your personal finances because you simply have trouble understanding these calculations? If yes, then this is the guide for you!

Understanding the Mathematics of Personal Finance is a highly useful resource for the day-to-day management of personal finances. Even before introducing any of the contexts in which math is used in personal finance, the resource has a primer on the mathematics that serves as the basis for personal finance calculations.

At its root, this book is all about loan calculations, but the author, Lawrence N. Dworsky, has a broader definition of a loan. A loan is not just when an individual borrows money from a bank. A loan can also be an investment, but in that case another party is borrowing money from the individualSo this resource is useful not only for borrowing but also for investing.

Understanding the Mathematics of Personal Finance will equip you with the basic math skills for personal finance that you need to make informed decisions before you borrow money and as you pay it back. Dworsky is clear that this resource does not contain strategies for borrowing or investing. Instead, it gives you the ability to decide for yourself what decisions would be best, solely on the basis of numbers.

Note: This ebook can only be accessed on campus or off campus with your University of Illinois at Urbana-Champaign NetID. If you do not have access to this ebook, please request a print copy through your local public library.

Written by Heidi Johnson, University of Illinois Library