How should young adults handle money? What are the best investment options for recent college alumni? Is now really the most auspicious time to purchase a home?
These questions and more were addressed on Thursday, May 21, when the Kogod School of Business (KSB) and the School of International Service (SIS) jointly hosted an event called “Saving or Spending? Personal Financial Management for Young Professionals.” With the assistance of panelists Daniel Penaloza, SIS/MA ’02 and Ken Furuya, KSB/BS/BA ’03, and moderator Teymour Kooros, SIS/BA ’86, attendees learned about the best ways to manage one’s credit, loans, and other financial responsibilities, plus how to determine one’s worth. “They are all experts in their field, all either SIS or Kogod alumni, all young enough to be able to relate to the audience and visa versa, and they offered a warm, personal touch to their presentations,” said Judy Donner, the Coordinator of Development and Alumni Relations for SIS.
“We wanted to provide our young alumni with an event that they would find substantive, meaningful and timely,” explained Mark Newman, the Assistant Director of Development for SIS. “With a tough economy, we felt if was important to our young people to have this type of information.”
Attendee Ema Gantcheva, SIS/BA ’06/MA ’08, the chair of the local SIS Alumni chapter, learned that it’s never too early to start keeping an eye on one’s assets. “Although I know a little bit about personal finance, I’ve found that the most difficulty I have is with asking the right questions. If you don’t know what’s available to you as a person starting your career and investment portfolio, you risk missing out on key opportunities that will optimize your finances.”
With 30 attendees, the audience consisted mostly of young alumni from both SIS and KSB. Donner cited the moment she knew that the event was a success. “As they were leaving at the end of the event, one alumna said to me, ‘Please do this again! It's just what I wanted!’”