This week, hosts Kristine Simpson and Julia Kent talk about an important subject for young professionals in general who have just landed their first job and are now accumulating a salary. This episode is all about finances for the young PR pro.
Kristine found this great article called Financial Checklist for Young Professionals on Ms. Career Girl, a blog about career change, personal finance, dating and relationships, life after college, job searching and entrepreneurship for young women. But a lot of their articles can be beneficial to both sexes.
Kristine and Julia cover four main topics:
- Student debt tips: bank debts vs. OSAP, which should you pay first?
- What is a credit report and why is it important to young professionals
- RRSPs are not just for retirement anymore, you should start saving early
- The importance of sitting down with a financial planner/adviser
Our hosts want to reiterate that neither are experts in the field of financial planning and this episode is meant to get young professional thinking about their finances and being smart about how they begin their career as well as their life.
We want to hear from you. Share your opinion or ideas by leaving a comment below or on our Facebook Page, or on our Google+ page, or in our LinkedIn group, or on Pinterest, or send us an email at email@example.com, or send us a message on Twitter @youngprpros, @kristinesimpson or @kentjulia.
In general usage, a financial plan is a series of steps or goals used by an individual or business, the progressive and cumulative attainment of which are designed to accomplish a financial goal or set of circumstances, e.g. elimination of debt, retirement preparedness, etc. This often includes a budget which organizes an individual’s finances and sometimes includes a series of steps or specific goals for spending and saving future income. :*
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Hi Lupita! Thanks for sharing a more detailed explanation of a financial plan. We think it is very important for young professionals to be educated on financial planning.