Let’s face it – some New Year’s resolutions are more enduring than others. As always, some of the most common resolutions this year are to lose weight or eat healthier. But did you know that “save more,” “pay off debt,” and “spend less” also made the list of most common New Year’s goals? For the largest and most talked about generation of consumers – the millennials – financial literacy is perhaps the most sustainable and realistic goal for 2015.Making up 25% of the U.S. population, millennials have tremendous spending power and very specific personality traits. They are optimistic, confident, savvy and loyal. But generally, millennials have a poor level of financial literacy. A 2014 Financial Industry Regulatory Authority Foundation survey found that only 18% of millennials could answer four out of five basic personal finance questions correctly. By utilizing their credit union as a resource, millennials can resolve to make the following realistic and sustainable financial resolutions:Determine your financial health. A new year is a fresh start to take inventory of spending habits. As a millennial, you may be searching for full-time work, planning a wedding, moving across the country, and/or still chipping away at student loans. Can you imagine doing this without a budget? Solidify yours by setting up savings plans and eStatements at your credit union and utilizing apps and online resources that make budgeting manageable.Invest in yourself. Though salaries may be low and expenses may be high for those just starting out, millennials should know that saving is important at every stage. Retirement may still be years away, but now is a critical time to start saving. Consider opening a 401(k) retirement savings account now, rather than waiting until your 30s or 40s.Consolidate and eliminate debt. On average, millennials can accumulate $30,000 in student debt and $4,000-$5,000 in credit card debt by the time they even enter the workforce. Take budgeting and saving a step further by creating a plan to eliminate debt. Work with a trusted advisor at your credit union to understand your current debt and planning options such as pay as you earn, income-based repayment and loan forgiveness, if necessary. Additionally, many websites will provide a copy of a copy of your credit score, often for free.Be cautious with credit. For millennials’ payment preferences, we know that plastic is king. According to a CreditCards.com survey, about half of 18-29 year olds prefer to pay with plastic. And of that group, millennials preferred debit to credit by a 3 to 1 ratio. Having grown up in a rougher economy, millennials are more hesitant to rely on a credit card than previous generations. And while building a good credit score is important, restricting credit card use may not be a bad idea.When used responsibly, credit cards can be useful and necessary. But in many cases, interest rates and un-monitored buying habits can interfere with a credit card’s intended benefits. Depending on the consumer’s lifestyle, however, using a debit card to buy only what you can afford can be a helpful strategy for controlling spending.No matter what your financial goals for 2015 may be, credit unions can empower you to achieve them. Buzz Points, a rewards program for cardholders, partners with credit unions and local businesses. Cardholders earn points on all debit card transactions, and extra points for shopping locally. In 2014, Buzz Points did extensive research on how credit unions can best address the banking needs of the millennial generation. A free webcast is available on CUNA’s website.For millennials, 2015 is the year of financial literacy. With the help of your local credit union, you can commit to specific financial habits to take inventory of your financial situation, create a budgeting strategy, and eliminate debt and poor spending habits for good. Here’s to hoping your ‘financial cleanse’ is more sustainable and painless than any 3-day juice cleanse could ever be. 19SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Emily Gasper Emily Gasper is a strategic communication and marketing professional based in Austin, Texas. Before joining Buzz Points, Emily was a Marketing Assistant at the Anthropologie home office in Philadelphia, and … Web: buzzpoints.com Details
St Angela’s and St. Pius move into semis, -West and South Ruimveldt also advanceTHE semi-finalists for this year’s Smalta Girls Pee Wee schools’ football competition have been decided following action yesterday at the Ministry of Education ground,Carifesta Avenue.In the first of the quarter-final games, enterprise surrendered to South Ruimveldt 2-0 with strikes from Raven Jacobs (17th) and Shania Sealey (26th).They will be joined by St Angela’s who prevailed over St. Stephens 1-0 through Nikosi St. Jules.Game three was keenly contested between St Pius and North Georgetown with eventual winners St Pius opening the scoring through Donna Lowe (5th) minute and then doubling the lead in the 20th through Kerry Boyce. North Georgetown scored its consolation goal through Alicia James in the 26th and seemed to be on course for a tie when time ran out on them.West Ruimveldt, in game four booked their spot in the finals,compliment of an own goal by St Agnes in the 19th while Amanda McPherson sealed the deal in the 29th.In the semi-finals billed for tomorrow, South Ruimveldt will take on St. Angela’s while West Ruimveldt does battle against St. Pius.In the 9-16 section, F.E Pollard overcame Redeemer 2-1 with a brace from Talia Wharton (5th and 8th) while the consolation goal came from Oldacia Wilson (13th) while Winfer Garden won via walkover against St. Gabriel.Game three saw another walkover, this time for Tucville over Stella Maris while Smith’s memorial won via the same route over St. Margaret’sAlso carded for tomorrow is the 13-16 Section where St. Margaret’s plays St. Gabriel and Stella Maris takes on Redeemer. In the 9-12 match, Smith Memorial opposes Winfer Gardens while Tucville plays F.E. PollardIn the 5-8 class, Enterprise is carded to play St. Stephen’s while North Georgetown laces up to face St. Agnes.
The swimming section of a paratriathlon test event for Tokyo 2020 was cancelled Saturday due to high levels of bacteria in the water, the latest in a series of difficulties over water quality and temperature.The International Triathlon Union (ITU) shelved the swimming leg after tests showed levels of e-coli more than double the acceptable standard. SUBSCRIBE TO US COMMENT “It was regrettable,” he said, vowing to step up preparations for Sunday’s Mixed Relay, the last in the four-day competition. Former British paralympic triathlete Clare Cunningham tweeted that staging a duathlon was “a completely different race” that “puts some athletes at a huge disadvantage racing in their tri classification.” “Disappointing for all,” said Cunningham.Tokyo 2020 organisers have won widespread praise for their preparations but extreme summer heat and poor water quality have given them a headache at test events, with less than a year to go until the Olympic Opening Ceremony.Competitors at a marathon swimming test event on Sunday complained of smelly water and high water temperature at Odaiba Bay, the location for long-distance swimming and triathlon.READ| Tokyo Olympics 2020: You’ll Never Believe What The Medals Will Be Made FromOrganisers are desperate to avoid the embarrassment of the Rio Olympics in 2016, when the pool used for diving events turned an unsettling shade of green overnight.Brazilian officials also had to scramble to clean up the bay used for sailing and windsurfing that was plagued by sewer bacteria and filthy with rubbish.In October 2017, Tokyo 2020 organisers were left red-faced after tests revealed levels of e-coli bacteria more than 20 times higher than international standards, sparking doubts about the venue’s safety.At the time, the organising committee blamed prolonged summer rain that had brought pollutants from offshore for the high readings between late July and early September.A year later, organisers said that tests using underwater “screens” to filter the water had successfully reduced bacteria levels at the venue.They tested single and triple-layer screens — some 20 metres (66 feet) long and three metres wide — and found that both were effective in bringing bacteria down to safe levels although the triple screen, expected to be employed during games time, worked best. It was the most recent disappointment at a test event for Tokyo 2020 organisers, after the women’s triathlon run was also cut short due to extreme heat in the Japanese capital.Despite this, French triathlete Cassandre Beaugrand was taken to hospital with suspected heatstroke.READ| I Want To Retire After Tokyo Olympics, Says Mary KomAround a dozen competitors and spectators fell ill at a rowing test event, also due to high temperatures, as Tokyo swelters through a deadly heatwave.”I’m so sorry for athletes that we could not prepare the competition conditions effectively,” Shinichiro Otsuka, managing director of Japan’s Triathlon Union, told reporters. LIVE TV Last Updated: 17th August, 2019 12:14 IST Tokyo 2020 Paratriathlon Test Shortened Due To Bad Water Quality The swimming section of a paratriathlon test event for Tokyo 2020 was cancelled Saturday due to high levels of bacteria in the water, the latest in a series of difficulties over water quality and temperature. The 70 paratriathletes instead competed in a “duathlon” format with two runs and a bike race. WATCH US LIVE Written By First Published: 17th August, 2019 12:00 IST Press Trust Of India FOLLOW US