The goal of the $uccessful Start program is to ensure that Boston College's students are financially literate for their lifetime by offering a series of workshops and seminars, led by Boston College employees and expert guest speakers, related to all aspects of personal financial management.
From the Director's Desk
- Welcome to the first $uccessful Start Newsletter of 2014. I hope that you had a wonderful holiday break and a happy New Year. Around this time of the year, we often make New Year’s Resolutions. We reflect on the previous year and look to make improvements in the next. Is better financial health a part of your New Year’s Resolutions? If not, should it be?
$uccessful Start is committed to help you reach your financial goals. We’ve planned a number of workshops this semester for every need. From building a budget to paying your taxes or investing for the future, we think that you’ll find at least one that will pique your interest or inspire your dreams. We also offer the opportunity to sit with one of our trained Money Mentors for some personalized financial advice. Let us help you to achieve your financial goals this year. Visit our Facebook, Twitter, or web page for more information. You can also email us with any questions at firstname.lastname@example.org.
$uccessful Start Director
$uccessful Start's Annual Spring Clothing Drive
- As the snow falls this winter, are there clothes in your closet that you’re not wearing? $uccessful Start will be holding another winter clothing drive this Spring to support our local communities. Look for our drop boxes to appear in April! New or gently-used coats, jackets, and sweaters or new gloves, mittens, hats, and scarves would be greatly appreciated.
Financial Literacy Focus: Credit Cards
- The holiday season brings many things: snow, presents, and, yes, credit card debt. A survey from this past holiday season reported that 90% of American adults planned on buying presents, and roughly one third of them did not have a predetermined spending limit. More than half of those adults had not saved for their holiday spending and would presumably rely on their credit cards to help pay the bills. In the previous year, one in five respondents had opened one credit card account to take advantage of discounts, and 5% reported opening three or more!
There is nothing wrong with taking on debt to help pay for those holiday presents, but it’s important to have a plan to pay off that debt. Credit cards charge a high rate of interest for the convenience they provide. Leaving a balance on your credit card will make your purchases more and more expensive the longer it takes for you to pay off the balance. See our Additional Resources web page for more information about credit cards and paying off debt.