Get Financially Fit! | Graduation Parties

It's graduation party season! Let the planning begin, but don't break the bank! Sabah Karimi, contributor to U.S. News & World Report, shares with us How to Throw a Graduation Party on a Budget.

As graduation season approaches, many proud families will plan parties to celebrate their high school or college senior’s accomplishments. Larry Fredlund, a Minnesota dad whose blended family includes seven kids, is a graduation party veteran, having celebrated four already. This June, he and his wife will celebrate their daughter’s high school graduation with a budget-friendly bash in their eldest son’s yard and garage.

Here’s a look at money-saving strategies from Fredlund and several party-planning pros.

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Get Financially Fit! | Tips for New Grads

New grads often times are offered many tips and tricks for making it out in the "real world." It can be
a little overwhelming. Geoff Williams, contributor to U.S. News & World Report, shares with us just 5 Must-Know Money Tips for New Grads.

If you have a son or daughter graduating from college this spring, or if you're the son or daughter in question reading this, it may have occurred to you that figuring out how to pay for college was the easy part. Your real financial education is about to start: that is, how to best manage the money you're going to make.

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Scholarship Application Deadline Approaching | February 14

WESTconsin Credit Union is offering up to thirteen $1,000 scholarships to graduating high school seniors from the class of 2016. Apply online by February 14, 2016: http://ow.ly/X6D7S

Scholarship Application Deadline Approaching

WESTconsin Credit Union is offering up to thirteen $1,000 scholarships to graduating high school seniors from the class of 2016. Apply online by February 14, 2016: http://ow.ly/X6D7S

5 Money-Management Musts for New Grads

by Center for Personal Finance editors

McLEAN, Va. (5/19/15)—This spring will bring a lot of "firsts" for many college grads including first jobs and first paychecks (USA Today May 4).

In the months after graduation, financial experts agree on five things every new grad should be doing with his or her money:

• Create a spending plan. Understanding how much money you have coming in as well as going out is the first step you must take in keeping a successful budget. Become familiar with the difference between your gross pay and net pay so you know what you'll actually have left to live off of after monthly financial commitments.
• Pay yourself first. Start saving in an emergency fund—even if you only can stick a minimal amount aside each paycheck, that amount will add up quickly.
• Develop a student loan repayment plan. Understand financial obligations and how long it will take you to pay off debt. Get up to speed on details about your loan and pay attention to interest rates. Visit your credit union for information about refinancing or other student loan repayment options.
• Understand company benefits. Once you get a job, make note of important dates such as deadlines for signing up for health insurance and when you'll be eligible to participate in your company's retirement plan. Also become familiar with your company's vacation policy, corporate discounts, public transportation benefits and the like.
• Start investing in a retirement plan. Whether you open an individual retirement account (IRA) at your credit union, or a 401(k) through the company you work for, start saving for retirement now. It probably seems like retirement is so far away that you don't need to worry about it yet, but now is when time is on your side and the benefits of compounding interest are highest. If your company offers to match your contributions to your 401(k), contribute at least the amount you need to in order to get the match. If you don't, it's like leaving free money on the table.