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FINRA Investor Knowledge Quiz

Millions of Americans and countless others around the world invest in the U.S. equities markets, some directly, others through pension plans, mutual funds and other vehicles. While some investors rely on investment professionals for advice, others choose to chart their own investment course. But regardless of exactly where they invest and whose advice they seek, The Financial Industry Regulatory Authority, Inc. (FINRA) believes all investors should have access to basic educational information about investing. Read more about FINRA Investor Knowledge Quiz

Welcome to the Mind Your Money Blog!

These resources are here to help you learn about saving, investing and planning your financial future. Visit the links on the right for more resources specific to your needs and follow this blog for the latest news in financial literacy! Read more about Welcome to the Mind Your Money Blog!

80% of Survey Respondents Don't Know About Retirement Income Planning

A recent survey by the American College of Financial Services in Bryn Mawr, Pa., noted that 2 in 10 people with incomes over $100k did not know how to plan for retirement. Another report says that "Americans fail to understand critical financial concepts, including interest compounding, inflation, and risk diversification, and these shortcomings are most acute for women, the less educated, and older individuals." Read more about 80% of Survey Respondents Don't Know About Retirement Income Planning

Preparing kids for the real financial world

Seventy of incoming college freshman told Daily Finance that they have never been taught basic financial literacy skills yet they are signing up for student loans, opening credit cards and making decisions that will have a serious impact on the rest of their lives. Read more about Preparing kids for the real financial world

Congratulations to our winner!

We recently sent an online survey of participants to help us gauge the effectiveness of our financial literacy classes and mentioned those who completed the survey would be eligible to win an ebook reader. Congratulations to the winner of a new Kindle, Pamela Lionel!

Excecutive Director Laurel Best and Deputy Director Sue Royer are seen condicting the drawing. Read more about Congratulations to our winner!

Free webinars May 22nd - 29th for increasing your financial literacy

Money Management International, the largest nonprofit, full-service credit counseling agency in the United States, offers free webinars to help you learn how to manage your money, raise your credit score and get out of debt. Click on the titles below to find out more information and to register.

Need help calculating your time zone to match the listings? Click here! Read more about Free webinars May 22nd - 29th for increasing your financial literacy

Northrop Grumman hosts the first Mind Your Money Class

Congratulations to our first class! The students, all who are employees of our corporate partnerNorthrup Grumman, enjoyed a light lunch as they began to learn practical steps to a secure financial future. Mohammad G. Robbani, Ph.D., Chair of the Department of Economics & Finance at Alabama A&M University, was the instructor for this session. Read more about Northrop Grumman hosts the first Mind Your Money Class

Narrow your focus to save money

Great article from Time on an easier way to save money:

The trick to making a savings plan stick is to think about small, specific steps that can be repeated over time," Leona Tam says. "When it comes to putting practical steps into place to make our savings goals happen, the future isn’t a great place to focus. Gazing off into the horizon can leave us tripping over our feet, so to speak.

From MarketWatch: 5 critical retirement investing mistakes to avoid

A new book titled “Investor Behavior: The Psychology of Financial Planning and Investing” gives us five great tips on saving for retirement. More from MarketWatch:

1. Don’t ignore the detrimental effects of inflation on fixed income and financial assets. For example, as inflation increases, the required rate of return on bonds increases resulting in a decrease in bond prices.

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