Family and Consumer Sciences

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Ohio State University Extension

Search Results for: Your financial life

Begin with the End in Mind

And so it goes. We will be celebrating the end of this year and the beginning of a New Year over the next couple of weeks. This is a good time to take stock of where we are financially. What should you be considering? Taxes. Americans are addicted to tax refunds. Consider taking control of […]

WRITTEN BY: Nancy Stehulak, M.Ed, Henry County Extension Educator

REVIEWED BY: Amanda Woods, Healthy Finances Program Specialist

PHOTO CREDITS:

  • Pixabay.com

SOURCES:

  • IRS.gov; eXtension.org

Behavioral Economics aka Emotions & Money

Life is a journey!  The path we choose to take is dependent upon how we make decisions to meet our needs and wants.  Maslow’s Hierarchy of Human Needs graphic below shows the progression for identifying our needs as we move from foundation to peak.    Now back to the title of this week’s message – […]

WRITTEN BY: Margaret Jenkins

REVIEWED BY: Candace Heer 

REFERENCES:

  • https://americasaves.org/resource-center/podcasts/episode-8-how-emotions-influence-your-money-habits/  
  • https://news.uchicago.edu/explainer/what-is-behavioral-economics
  •  Maslow. A. H. "A Theory of Human Motivation," Psychological Review, Vol. 50 (1943), pp. 370-396
  • Consumer Financial Protection Bureau, (2022) Your Money Your Goals. at consumerfinance.gov/practitioner-resources/your-money-your-goals 

Healthy Giving-Philanthropy and Charitable Giving

I read a story recently in Ohio State News that Nina and Ryan Day gave $1 million to establish mental health resilience fund at Ohio State. Governor and Mrs. DeWine holding an event promoting Dolly Parton’s Imagination Library of Ohio was also a recent topic. This program promotes literacy, by putting free books into the […]

WRITTEN BY: Ken Stewart, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Monroe County

REVIEWED BY: Lisa Barlage, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Ross County

PHOTO CREDITS:

  • https://media.istockphoto.com/photos/edonation-concept-picture-id1298626388?k=20&m=1298626388&s=612x612&w=0&h=UHdDhdDUlEv867TIk_axUPBq_IYY4bmDU5x4V77Ft5I=

SOURCES:

  • https://blog.philanthropy.iupui.edu/2021/11/23/smart-giving-for-the-holiday-season-the-rest-of-the-year-and-a-lifetime/
  • https://news.osu.edu/nina-and-ryan-day-give-1-million-to-establish-mental-health-resilience-fund-at-ohio-state/
  • https://greatergood.berkeley.edu/article/item/5_ways_giving_is_good_for_you
  • https://ohioline.osu.edu/factsheet/FLM-FS-13-03-R10

Don’t Delay, Start Saving TODAY!

Maybe you missed the boat in starting to save for retirement earlier in life. If so, you are not alone. One in three Baby Boomers (33%), the generation closest to retirement age, only have between $0-$25,000 in retirement savings, while 21% of Americans have no retirement savings at all. The average American spends roughly 20 […]

WRITTEN BY: Dr. Roseanne E. Scammahorn, Family and Consumer Sciences Educator, OSU Extension Darke County

REVIEWED BY: Melissa Rupp, Family and Consumer Sciences Educator, OSU Extension Fulton County

Getting the right auto loan for you

Whether this is your first vehicle purchase or your 10th, when shopping for an auto loan there are some basics you need to know. Know your budget. Plan for what you can afford, not only in terms of the potential loan payment, but also insurance, vehicle registration, and maintenance. Knowing what you can afford before […]

WRITTEN BY: Dr. Roseanne Scammahorn, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Darke County, Scammahorn.5@osu.edu

REVIEWED BY: Courtney Woelfl, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Cuyahoga County woelfl.1@osu.edu

SOURCES:

  • Consumer Financial Protection Bureau. (2016). What is the difference between dealer-arranged and bank financing? https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-dealer-arranged-and-bank-financing-en-759/
  • Consumer Financial Protection Bureau. (2016). How do I compare auto loan offers? What should I look at besides the monthly payment? https://www.consumerfinance.gov/ask-cfpb/how-do-i-compare-auto-loan-offers-what-should-i-look-at-besides-the-monthly-payment-en-753/
  • Federal Trade Commission. (2012). Co-signing a Loan. https://www.consumer.ftc.gov/articles/0215-co-signing-loan

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