You Savvy Devil

Savē + Salt

Category: Collaboration

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.

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.

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