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Foundations of Financial Wellbeing UMN Summer Session 1B
Session 1: Spend Less Than You Earn
The foundation to financial success is to spend less than what you earn: Just because it sounds simple, doesn’t make it easy! In this session we will talk about strategies for better budgeting and behavioral economic concepts to help you spend less

Session 2: Reduce Your Debt
The total amount of US Consumer Debt owed is $13.86 Trillion dollars. This includes mortgages, car loans, student loans, and credit cards. Learn about how paying compound interest hurts you and strategies to prioritize which debts to pay first and how to pay off debts quickly.

Session 3: Build Your Assets
Nearly 75% of Americans worry about running out of money in retirement. In this session you will learn the difference between saving and investing, how and why to make compound interest work for you, and understand how different risks affect your rate of return. You’ll be reminded too that Social Security needs to be considered an asset for your retirement.

Session 4: Increase Your Credit
Credit scores began as a way for banks to assess the risk of lending to individuals and have grown to affect significant areas of our lives. In this session you’ll learn the difference between good and buy credit, how a good credit score can increase your buying power, what goes into a credit score, and how to establish, build and/or rebuild credit scores.

Session 5: Protect What You Have Built
Once you have built upon your foundations of financial wellness you will need to protect what you have built. In this session we will discuss the basic insurance that everyone needs, important life documents to create, and consumer protection laws to protect you and your family from identity theft and scams.
Meeting is over, you can not register now. If you have any questions, please contact Meeting host: Shannon Doyle.