You are now leaving Univest.net. Univest Financial Corporation (together with its subsidiaries and affiliates, "Univest") is not responsible for, and expressly disclaims all liability related to, any third-party site. Univest has no control over the contents of third-party sites and accepts no responsibility for them or for any loss or damage that may arise from your use of them. If you decide to access any third party websites, you do so entirely at your own risk and subject to the terms and conditions of such websites. Univest does not endorse any third party websites, the contents of such websites or the operators of such websites.
By:
Anthony DaCosta, Senior Vice President and Area Manager, Univest Bank and Trust Co. September 6, 2016
With college comes increased responsibility. Knowing how to manage your finances early in your college career can serve as a catalyst for managing greater earnings in the future and can help you avoid costly mistakes. It is extremely important that you do the necessary research and preparation to make sound decisions regarding your finances.
Here are some tips to help you establish a strong foundation for managing your money as a college student:
Prepare a monthly budget. This is the most important step in the process. Identify your needs and their costs (rent, food, gas, phone, school supplies,…
By:
Chris McCarthy, SVP and Area Manager, Univest Bank and Trust Co. August 24, 2016
As fall approaches, the days begin to get shorter, the nights get cooler and parental priorities shift towards the upcoming school year. Whether you have a child heading off to college or just starting elementary school, financial literacy is a very important part of the education process. Below are some financial tips for students of all ages.
Tips for the college student
Effective Budgeting – Sit down and plan out what weekly/monthly bills your student will have. This will ensure that they know how much disposable income they have for “fun” purchases each week.
Your 20s may seem like an odd time to think of retirement, but it’s actually the perfect moment to start planning for your later years. That’s because the earlier you start saving, the more time your money has to grow.
Savers who begin setting aside 10% of their earnings at 25, for example, could amass significantly more by retirement age than those who wait just five years to start saving. You can use online calculators to see how much can save by the time you reach retirement if you starting investing now.
