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Navigating Financial Challenges as a Graduate Student

Learn how to avoid financial pitfalls and make wise money decisions at the U.MN student orientation. Discover free financial counseling services and the new rules of managing money effectively. Understand the impact of consumer debt, unemployment, and the complexity of financial products. Find out how to protect yourself from scams and make informed financial choices with humility and strength.

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Navigating Financial Challenges as a Graduate Student

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  1. Graduate and Professional Student Orientation – avoiding financial pitfalls and getting help to make good money decisions Being financially savvy includes knowing free and trustworthy resources – all U MN students are eligible for free, confidential financial counseling, in-person at Boynton Health Service, from LSS Financial Counseling. To schedule, call LSS at 1-888-577-2227 or visit www.ConquerYourDebt.org

  2. The new rules of money • Key trends likely to affect you: • Rise of consumer debt “norm” and related decrease in savings rate to almost zero • Persistent high unemployment & austerity-focus papered over by easy credit access • Much greater complexity in financial products sector and online entrapments/scams • Mass consumption of advertising, with behavioral and neurological implications • NEW RULES needed, versus the “old school’ rules your parents needed • NSR vs OSR examples with credit scores, taking on debt, consumer protection • A couple thoughts about humility vs shame with personal finance: • Let’s move personal finance and debt from STD-level shame to organic foods-level • Getting help is a sign of personal strength – but please stick to nonprofit sources

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