Español
SDCCU Blog Posts

San Diego County Credit Union's

Not a Big Bank Blog

Because we're not a big bank, we're here to help YOU, not stockholders! Follow our new blog for financial tips ranging from balancing your checkbook to buying a home. Our goal as your financial partner is to help you make educated financial decisions for yourself and your family.

Economic Advice for Millennials in 2016

George Chamberlin | 4/13/2016 07:13 a.m.
The Fermanian Business & Economic Institute at Point Loma Nazarene University recently issued the 2016 economic outlook report. Chief economist Lynn Reaser offered a rosy (albeit cautious) forecast for the San Diego economy, slightly higher interest rates and expanded hiring. Additionally, the report included a small segment on action steps for students and millennials in 2016. I thought the comments were of interest and worth sharing with others.

Among the suggested actions Dr. Reaser offered were these points:

Manage your student debt

“Spending to expand your knowledge base and skills should be one of the most valuable investments you ever make. Approach student debt cautiously, having a clear plan in mind with a career path that will enable you to pay off your loans in a timely manner.”

Move actively to find a job after graduation

“Finding your first full-time job is hard work, although the 2016 market for new graduates should be much improved over past years. The first year after graduation is generally not a good one to delay the job search with an extended period of travel or leisure. There will be opportunities for those activities later.”

Find a long-term advisor

“Someone with greater experience can provide critical guidance throughout your career. Find someone you respect, including your boss, and learn as much as you can by listening, observing and seeking feedback.”

Do not be a job hopper

“No job is perfect and there will always be frustrations in every position. Loyalty and perseverance will deliver significant rewards over time, while a resume filled with a plethora of short-term positions can be a red flag for potential employers.”

Learn to invest

“Young people are often counseled to increase their savings, but with interest rates at meager levels, they also need to learn how to invest for the long-term. Many online and other resources are available and it is important to understand stock, bond and other markets and initiate an investment plan.”

These all represent the wisdom and experience of a respected economist whom I count as a good friend and a valuable asset to the San Diego community. SDCCU also offers some of the best in financial education and money tips. For information on educational seminars offered throughout the year, visit sdccu.com/seminar.

View clips of recent seminars on the SDCCU YouTube Channel.

0 comments

Latest blog posts

SDCCU Supports Community with Holiday Bowl Sponsorship
12/14/2017 04:38 p.m.
SDCCU has supported the San Diego Bowl Game Association for many years, as a premier sponsor of the Holiday Bowl and as the only title sponsor of the Poinsettia Bowl until its last game was played in 2016. SDCCU is proud to continue to serve the San Diego Community as the title sponsor of the San Diego County Credit Union Holiday Bowl. We are especially proud of its tremendous impact on our hometown during a time when the region's tourism industry is at its slowest.
How to Have a Worry-Free Holiday
12/14/2017 02:59 p.m.
What are the steps you are taking to make sure all of your holiday shopping goes smoothly? Here are some tips to help you as you navigate the holiday shopping season!
Equifax Security Incident
9/11/2017 01:22 p.m.
What You Can Do
Resources for Small Business Owners
9/07/2017 10:57 a.m.
Making the decision to start a small business is a real leap of faith. More than 90 percent of the businesses in San Diego County—or for that matter, in the U.S.—fall into the category of being small.
San Diego County Credit Union® was founded on the principle that people come first and profits second. This forward-thinking approach in the banking industry has propelled SDCCU® to become San Diego’s BEST Credit Union and largest locally-owned financial institution. SDCCU provides breakthrough banking products that meet the demands of today’s lifestyle and delivers banking services that save customers money. SDCCU serves customers nationwide with 30,000 surcharge-FREE CO-OP ATMs and 43 branch locations in San Diego, Riverside and Orange counties. Open an account today.

If you are using a screen reader to access this website and
having difficulties, please contact us at (877) 732-2848.

ABOUT SSL CERTIFICATES
30,000 surcharge-FREE ATMs

30,000 Surcharge-FREE ATMs

Access your money anywhere with 30,000 surcharge-FREE co-op ATMs nationwide.
Find an ATM
5/5 ARM

No Closing Costs

5/5 ARM Home Loan
Learn More
Auto Buying Service

Let SDCCU Do The Work!

You provide the details of the car you want and we'll locate it, negotiate the price and coordinate delivery for you – at no cost.
Learn More

1% Cash Back!

Apply for a SDCCU Cash Rewards Visa card to earn unlimited 1% cash back.
*Learn More
Check. Snap. Deposit.

SDCCU Mobile Deposit

Deposit checks from your smart phone in real time.
Get the App
Round corner left Round corner spacer Round corner spacer