Alumni Virtual Chat: Financial Fitness - Practical Advice to Manage Your Money

 

Open conversations around money are extremely important, and financial matters can get particularly confusing and challenging when we get our first full-time job after college. On Tuesday, November 16th, Cooke Scholar Alum Jennifer Lyu hosted a conversation with fellow alums Aida Rodriguez, Anastassia Goidina, Dzung Nguyen, and Nandjui Richard Koutouan to share practical advice and tips for managing your money. We covered topics including budgeting as a new full-time working professional, thoughts on financial traps and liabilities to avoid as a young adult, and balancing priorities when it relates to money such as familial obligations, self-care, and pursuing a professional passion.

The panelists shared these resources and opportunities during the virtual chat:

  • General

  • Budgeting

    • 50/30/20 Rule - An easy budgeting method that can help you to manage your money. The basic rule of thumb is to divide your monthly after-tax income into three spending categories: 50% for needs, 30% for wants and 20% for savings or paying off debt.

    • Mint by Intuit - A personal financial management website and mobile app.

  • Investing & Retirement

 
 
 
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