Family and Consumer Sciences

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Ohio State University Extension

Search Results for: Your financial life

Waste Not, Want Not

In the United States, yearly food waste is estimated to range between 30-40 percent of the food supply. That translates to approximately 133 billion pounds of food per year, at a cost of $161 billion. Unfortunately, that wastefulness has far-reaching impacts on food security, resource conservation and climate change, according to the USDA. But why? […]

WRITTEN BY: Donna Green, M.A., Family and Consumer Sciences Educator, Ohio State University Extension, Erie County, green.308@osu.edu

REVIEWED BY: Amanda Woods, M.Ed, Healthy Finances Program Specialist, Family and Consumer Sciences, Ohio State University Extension

PHOTO CREDITS:

  • www.creativecommons.com

SOURCES:

  • https://www.usda.gov/oce/foodwaste/faqs.htm
  • https://www.hsph.harvard.edu/nutritionsource/sustainability/food-waste/food-waste-home/

REFERENCES:

  • https://www.usda.gov/oce/foodwaste/faqs.htm
  • https://www.hsph.harvard.edu/nutritionsource/sustainability/food-waste/food-waste-home/

Are You the Family Bank?

Have you always been seen as the “responsible one” in your family? Did you save and invest responsibility through your 30s, 40s, and 50s, and now your grown children and other relatives are coming to you for money?  A study by Merrill Lynch in partnership with Age Wave(PDF)Links to a PDF document. reveals that three […]

SOURCES:

  • https://mlaem.fs.ml.com/content/dam/ML/Articles/pdf/family-and-retirement-elephant-in-the-room.pdf
  • http://crr.bc.edu/special-projects/national-retirement-risk-index/
  • http://crr.bc.edu/wp-content/uploads/2017/02/IB_17-4.pdf

Retail Therapy—Occasional Fun or Addiction?

The first time we heard the term “retail therapy” coined was in 1986; a month later, the topic was expounded in a Chicago Tribune article. From that point on, it became a mainstream expression for using shopping as a tool to achieve short-term happiness or fulfillment. Popular cultural mediums such as television (Sex in the […]

WRITTEN BY: Donna Green, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Erie County

REVIEWED BY: Melissa Welker, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Fulton County

PHOTO CREDITS:

  • http://search.creativecommons.org/

SOURCES:

  • http://www.aafcs.org/res/15_AC/presentations/RetailTherapy_Poster_Gitimu.pdf
  • http://www.goodtherapy.org/learn-about-therapy/issues/compulsive-shopping
  • http://www.psychguides.com/guides/shopping-addiction-symptoms-causes-and-effects/

The Freedom of Having a Budget

If “budget” is on your short list of words describing a restrictive life style – one that will limit your freedom – you’re misguided.  Many people who struggle with financial freedom simply don’t know where their money goes.  Many also don’t understand that if they planned the where and how their dollars are spent, they would be […]

What Are You Saving For?

We all know that saving is an important part of taking positive steps toward financial health and wellness. By saving, you are setting yourself up to better face financial emergencies, and prepare for a financially stable future. A recent survey released by the Consumer Federation of America (CFA) highlights the great steps many Americans are taking, showing that 70% […]

WRITTEN BY: Amanda Woods, M.Ed. Healthy Finances Program Specialist, Family and Consumer Sciences, Ohio State University Extension

REVIEWED BY: Amanda Rysz, Program Specialist, Training and Professional Development, Family and Consumer Sciences, Ohio State University Extension

SOURCES:

  • Consumer Federation of America, 2016, http://consumerfed.org/press_release/less-than-half-of-u-s-households-report-good-savings-progress-according-to-annual-america-saves-week-survey/
  • Consumer Financial Protection Bureau, 2015, http://files.consumerfinance.gov/f/201501_cfpb_report_financial-well-being.pdf
  • America Saves, AmericaSaves.org

Managing ‘Net Worth’

This useful “big picture” tool shows your current overall financial position. It is like a “financial snapshot” that shows the difference between your total assets (what you own) and your total liabilities (what you owe). This relationship can be stated as: Assets – Liabilities = Net Worth Net worth is the dollar amount you would […]

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

REVIEWED BY: Melanie Hart, Extension Educator, Greene County, Ohio

PHOTO CREDITS:

  • Pixabay.com

SOURCES:

  • The Homebuyer's Guide,Bulletin 946, Ohio State University Extension, estore.osu-extension.org

REFERENCES:

  • Kelly Blue Book, www.kbb.com

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