Financial Wellness

Helping you manage your money, for school and for life!

July 11, 2013
by Carissa
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Freeze your credit BEFORE your ID is stolen

Did you know that you can proactively prevent others from opening new accounts in your name, or from gaining access to your existing credit reports, even before ID theft occurs?  Credit freezes can be used to do just that, and are a great way to ensure that no new credit activity is occuring without your consent.

Credit freezes can also be “thawed,” which grants temporary access to new lines of credit or inquiries — good to know if you’re applying for a new credit card or loan, or if your report is being reviewed for a housing application or for an employment background check.

For more information on freezes, thaws, and fraud alerts, check out the FTC website  or Clark Howard’s guide to credit freezes and thaws.

April 12, 2013
by Carissa
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The Best of the Week

As we wrap up Financial Literacy Week here at Franklin, we wanted to share some highlights of the week’s events:

  • All of the workshops from this past week have been recorded via FranklinLive!, and are accessible through this page.
  • Students had the the opportunity to view and print their federal student loan history via the National Student Loan Data System.  Click here for instructions on how you can do this on your own!
  • Graduating students had a chance to learn more about Exit Counseling and ask questions via our staff led online Exit Counseling sessions.  Please view these sessions by clicking here.
  • Beginning next week and through April 29, Franklin students can donate non-perishable food items to the university library in order to have library fines erased!  Read more about Food for Fines.

 

Don’t forget that April is Financial Literacy Month, and so there are still plenty of opportunities for you get a handle on personal or school finances!  Here’s a “best of the web” compilation:

  • Thirty Steps to Financial Wellness  – a whole month’s worth of money management activities to get you started!
  • Free financial counseling – Apprisen is the local consumer credit counseling agency for Columbus, offering free initial counseling for those requesting money management help.  If you are outside of the Columbus area, click here for an agency close to you.
  • Money Smart Week – Morningstar, an investment research database in our library, is sponsoring investment webinars the week of April 20 – 27th.   Additionally, they have created a fantastic tool to get all of your finances in order so that you can begin to focus on investing.  Click here to view this handy guide.
  • Debt.org – Everything you need to know about student loans, managing student debt, paying back student loans — and that’s just one part of the website!  You can also explore personal debt, and how to get free debt consultation services.

We hope you have enjoyed this week’s activities, and continue to explore the many resources available to you to help you on your path to fiscal responsibility.  If there’s a favorite site of yours that has not been included, feel free to leave us a comment and tell us about it!

April 8, 2013
by Carissa
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Financial Literacy Week Starts Today!

Remember to visit the Financial Literacy Week events today through Thursday, both onsite and online!  These events are open to all students, faculty, and staff.  At the end of the week, we’ll draw winners for fuel cards and gift cards to Barnes & Noble, Starbucks, and Subway — but you have to participate to win, so click here to see today’s events, or check out the rest of this week’s activities.

March 25, 2013
by Carissa
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March Madness for your money

Cincinnati.com has a great article on how to apply March Madness bracketology to your personal finances.  Here’s just a snippet of their sports-themed advice:

A motto of March Madness teams has become “survive and advance.” Do whatever it takes to make it to the next round. In your financial tourney, this means living below your means. It wasn’t a basketball coach who first said, “No pain, no gain.” It was actually Ben Franklin. What he was referring to was the fact you need to accept some pain now (in the form of saving rather than spending) if you want to reap financial gains in the future. Unfortunately, this is a lesson lost on many at both the consumer and government level today.

After reading this article, you can create your own personal financial bracket by heading over to http://www.financialfour.org/.  Here, the National Endowment for Financial Education and Financial Planning Association has already selected 32 sound financial goals.  Pick your top priorities to advance through each round, helping you to identify your top financial goals, and see how you stack up to the rest of the bracket entries.