Money Tip for Students, November 2021

College students can save money by cooking for themselves College students looking to stretch their dollars can do so by cooking meals for themselves instead of dining out, according to KHEAA. Eating right is a necessity, but it doesn’t have to be an expensive one. Students who don’t take advantage of campus food plans can…

Money Tip for Students, October 2021

What students need to know about interest rates when investing Students who want to invest some of their earnings should learn more about interest rates. Learning the basics about simple interest and compound interest will help them make better investment decisions, according to KHEAA. In a savings or investment account, you might receive a compound…

Money Tip for Students, Sept. 2021

What students need to know about interest rates when borrowing If students are considering borrowing money, they should do their homework on interest rates. The time students spend learning the basics about interest rates and annual percentage rates will pay off significantly, helping them save money when borrowing, according to KHEAA. One interest rate is…

Financial Aid Tip of the Month, September 2021

Time for college-bound seniors to fill out the FAFSA Students who plan to attend technical school or college in the fall of 2022 should submit the Free Application for Federal Student Aid, or FAFSA, as soon as possible beginning Oct. 1, according to KHEAA. Even students who don’t think they will qualify for financial aid…

Social Security online learning tools

By Brian Rudolph and Rhonda Whitenack, Social Security Public Affairs Specialists, Minnesota and Northern Wisconsin Our online learning resources for educators are great for teaching people about Social Security. Chances are a student will know someone who receives retirement or disability benefits. This could be a way to relate our many programs to a new audience, and show them…

Lutheran Social Service financial counseling

Helps Minnesotans achieve their homeownership goals June is National Homeownership Month, an opportunity to learn about taking financial control and making owning a home a reality. “Purchasing a home is a big commitment, and the preparation can seem daunting at first,” said Sandi Kleist, director of Homeownership Services for LSS Financial Counseling. “But with commitment…

Can a debt collector take my Social Security benefits?

Dear Savvy Senior, Can my Social Security benefits be garnished if I have some outstanding debts? I just turned 62, and would like to start collecting my retirement benefits, but want to find this out before I apply. Worried Retiree Dear Worried,