Savē: Financial Literacy at Dickinson

Author: schreire (Page 2 of 3)

Financial Literacy Month

Did you know April is Financial Literacy Month?

Yes, the entire month of April. That’s how important this stuff is – it gets its own month.

Savē is here to help! We’re hosting workshops throughout April to help you with everything from taxes to avoiding financial scams. As always, you can schedule a personal budgeting session or ask us to speak at a group meeting at any time by emailing financialliteracy@dickinson.edu.

We are looking forward to seeing you this month! 

 

Get your Easy Button ready…

Financial Aid Counselor Chris holds our Easy Button

 

Hey there, Dickinsonians!

 

If you’ve been here for more than a year, and you receive financial aid, you know we collect a new application every spring. Most domestic students will file a FAFSA, complete an online application through the Gateway, and submit other requested documents.

We’re so excited to offer you a new, secure way to send us your financial aid documents! Now you can upload files (.pdf, .doc, and .docx) through the Dickinson website.

 

Learn more on our Financial Aid Secure Document Submission page:

https://www.dickinson.edu/DocumentSubmission

 

-Happy Spring Break from

your Financial Aid Office

 

 

Money in Your Pocket – Free Tax Prep, On Campus

Don’t forget to make your appointment for free tax preparation through the Money in Your Pocket program at Dickinson!

 

Money In Your Pocket – 2017 Tax Preparation Assistance
Mondays Afternoons by appointment only: 4:15-6:30 p.m.
January 29 through February 26

Money In Your Pocket – a free, onsite tax preparation assistance program – is available at Dickinson College in Althouse 204 on Monday evenings from January 29 through February 26 from 4:15-6:30 p.m. for those in the Carlisle community with income less than $54,000 per year. Anyone interested in this free service should schedule an appointment and arrive with their W2 forms, original social security card (for all listed on your tax return) and a valid picture ID card (driver’s license/passport/military id). An appointment is required for this free service.

To make an appointment for the Money in Your Pocket tax preparation services at Dickinson College, please call 717-254-8781. For more information or assistance, please call 717-724-4077 or send an email to miyp@uwcr.org.

 

What’s Important About Money to You?

Local finance expert Lindsey Ciarrocca came to campus last Thursday to share some finance basics with interested students. Lindsey talked about the importance of having financial goals and plans – even as early as your time in college!

Using a pyramid of financial needs – which psychology students would recognize as akin to Maslow’s  Heirarchy of Needs – Lindsey helped us to consider the bottom level of financial wellness. Attendees inventoried some personal short- and long-term goals, and were challenged to consider what they hope retirement will look like. We talked about the way a budget can help us reach financial goals, and learned why it is important to create an emergency fund.

“Sooner is better” – Illustrating the wonder of compounding interest and the importance of early retirement contributions.

Many thanks to Lindsey for volunteering her time, and thanks to Dickinson’s Women’s & Gender Resource Center for co-sponsoring the event.

Pop-Up Series #2: Student Loans

 

Carolyn and Amy share important information.

Today we held a pop-up workshop to answer questions related to student loans. We didn’t stop there, though, and were able to answer questions about credit scores, student accounts, study abroad, and how Salt works! Thanks to everyone who dropped in with thoughtful questions – you made this pop-up a success!

 

Salt freebies. The fidget spinners always go first.

 

 

Big thanks to Carolyn and Erica from financial aid, Amy from Student Accounts, and our Savē Co-Coordinators, for volunteering their time.

 

 

Dickinson + VITA

April 15th. This date might not ring any bells for you right now, and – let’s be honest – it sounds pretty far away.

April 15th is the standard filing deadline* for US federal tax returns. If you make money in 2017 and
  • Want to file a return to potentially receive a tax refund from the federal government, or
  • You made enough money that you are required to file –
you’ll need to keep April 15th in mind.

 

Lots of students have confusion over federal tax filing, and with good reason – tax law can seem like a total mystery if you don’t deal with it regularly! We always recommend students get involved with Dickinson’s VITA connection.

VITA stands for the Volunteer Income Tax Assistance program. It is approved by the IRS and supported locally through the United Way. There are two ways you can participate:
  1. Take advantage of the opportunity to have your US federal taxes** filed for FREE, on campus! The VITA office is open on Monday evenings from late January through the end of February. You’ll need to sign up for an appointment, so watch for more information closer to tax filing time.
  2. Why not volunteer?! This is a great opportunity to learn a valuable life skill, while giving back to our campus and the Carlisle community. Once you have the training, you’ll be able to help others, file your own taxes, and who knows – it might turn into a paying side gig for you one day!

To learn more, attend the VITA informational meeting on Thursday, October 5, from 1 – 1:25 PM in Althouse 201.

Email Professor Joy Middaugh for more details. 

 

*For 2017 tax returns, the filing deadline will be April 17, 2018. This is because the 15th falls on a weekend, and Monday the 16th is Emancipation Day, a legal holiday.
**If you need to file an international return, contact CGSE for support.

Financial Aid Tip #1

It might feel like it’s too early to think about NEXT school year – you’re just getting settled into THIS year, after all! But for the second year, the Free Application for Federal Student Aid is open on October 1st.

Because the FAFSA now uses income information from two years ago, most people will be able to finish their FAFSA this fall. Depending on your home state, there could be a benefit to filing early.

Dickinson’s deadline is May 1st, but why not get it out of the way?

 

 

Pro Tip: Most students will be able to use the IRS Data Retrieval Tool to make the FAFSA a breeze.

Pop-Up Series #1: First Year Finance

Last Thursday, we hosted our first official event of the season- a pop-up workshop to address any question a first-year student might have about money. We were excited to see upper class students drop in, too!

Creating a Salt account

Thanks to everyone who stopped by our First Year Finances Pop-Up Workshop last week! We had some great conversations about building good credit, using Salt to keep track of loans, financial aid applications for studying abroad, and more. Big thanks to Chris and Ruth from Financial Aid, and Amy from Student Accounts, for helping at this event.  And of course, a huge shout-out to our student volunteers who work hard to bring financial literacy information to our campus!

(L to R) Rebecca, Chris, Ruth, Amy, Shakira, and Miray – part of our fantastic pop-up team. 

Searching for Student Ambassadors

Last fall, we started the search for Salt Ambassadors. Over time, we decided to broaden the scope of the program, adopted the name “Savē” (more on that in another post!), and we’re continuing to grow. We’re always looking for students who believe that personal financial literacy is important, and who want to help us create a program that meets the needs of all Dickinsonians. If you think you might be interested, reach out to us via email (financialliteracy@dickinson.edu) or through EngageD to learn more about this unique opportunity to leave a legacy.

Thanks to the Dickinsonian for helping us spread the word!  Financial Literacy Platform Seeks Out Student Ambassadors, by Becca Stout ’20.

How to Be a Savvy Saver

We were really excited to be featured news in Dickinson Today last spring, when MaryAlice Bitts-Jackson wrote an article on our efforts.

“Because the program is self-directed and tailored to individual needs and interests, students can begin training at any stage of their undergrad careers.”

 

 

 

 

 

You can read the full article here:  How to Be a Savvy Saver: Program Helps Students Lay Groundwork for Financial Success

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