Making Cents of Money

Making Cents of Money: Episode 99 – Financial Socialization: https://soundcloud.com/idfpr/episode-99-financial-socialization?utm_source=clipboard&utm_campaign=wtshare&utm_medium=widget&utm_content=https%253A%252F%252Fsoundcloud.com%252Fidfpr%252Fepisode-99-financial-socialization Making Cents of Money: Episode 94 – Cost of Living: https://soundcloud.com/idfpr/episode-94-cost-of-living?utm_source=c...

Making Cents of Money discusses the economics of the cannabis in Illinois with Vaughn Bentley, the Deputy Director of Cannabis Control at IDFPR. Tune in to learn more about the impact this industry (the first nationally to prioritize social equity) has in our state. Show Notes: Illinois Cannabis Regulation Oversight Office. (2024). Annual cannabis regulation report. Springfield, IL: State of Illin...

Making Cents of Money is proud to partner with the Office of the State Treasurer in its latest episode. Treasurer Michael Frerichs shared that 1 in 4 Illinoisans have unclaimed property waiting for them. Want to learn more? Tune in to learn more: link to podcast. Show Notes: Making Cents of Money: Ep. 11 – Saving for College with a 529 Savings Plan https://blogs.uofi.uillinois.edu/view/7550/214553...

Are you looking to start fresh financially this new year? Join the hosts of Making Cents of Money as they kick off 2025 with a special episode – New Year, New Financial Resolutions. Show Notes: • Charles Schwab, New Years Financial Resolutions: https://www.schwab.com/learn/story/new-years-financial-resolutions-get-your-finances-in-shape • CNBC: Financial New Years Resolutions: https://www.cnbc.com...

Making Cents of Money reaches a major milestone in releasing its 100th episode! Join all the co-hosts (past and present) as they reunite to celebrate this achievement, reflect on their favorite episodes, and discuss how the show has evolved through the years. SHOW NOTES: Episode 86: The Illinois Community Reinvestment Act: https://soundcloud.com/idfpr/episode-86-the-illinois-community-reinvestment...

Show Notes: • Hasler, A., & Lusardi, A. (2019). The gender gap in financial literacy: A global perspective. Global Financial Literacy Excellence Center. https://gflec.org • Jorgensen, B. L., & Savla, J. (2010). Financial literacy of young adults: The importance of parental socialization. Family Relations, 59(4), 465–478. https://doi.org/10.1111/j.1741-3729.2010.00616.x • Kim, J., Gutter, M. S., &...

In this episode of Making Cents of Money, we discuss the costs of car ownership and the impact it could have on your budget. Are you ready to see if you’re prepared to purchase a vehicle? Tune in to learn more. Show Notes: MCOM Episode 74: Credit Reports Update: https://soundcloud.com/idfpr/episode-74-credit-reports-update?utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing MCOM Episo...

‘Tis the season to make holiday travel plans! This episode of Making Cents of Money offers helpful hints for staying on budget when traveling to celebrate with family and friends. SHOW NOTES: • Berg, H. (2023, September 19). 2023 holiday travel outlook. Hopper. https://media.hopper.com/research/2023-holiday-travel-outlook • French, S. (2024, October 10). Travel inflation report: October 2024. Nerd...

On a special Halloween-themed edition of Making Cents of Money, the Division of Banking’s Kari Beyer joins the show to discuss zombie mortgages and zombie properties. But don’t be scared! Just tune in to fight out how to protect yourself from being spooked this scary season. Show Notes: 1. National Community Reinvestment Coalition - Report on the impact of zombie properties: https://library.nclc.o...

Join us for our latest podcast episode, “Basic Needs and Needs Insecurity,” where we dive into the essentials of financial decisions using Maslow’s Hierarchy of Needs! From food and shelter to safety and belonging, we discuss how these foundational aspects impact your financial decisions and overall well-being. Show Notes: • 211 o Dial 211 or visit https://www.211.org/ to get connected with local...

On this week’s episode of Making Cents of Money, our hosts discuss the cost of living and how many factors influence our everyday expenses—from housing and groceries, to utilities and transportation. Cost of Living Calculators - Bankrate: https://www.bankrate.com/real-estate/cost-of-living-calculator/ - Forbes: https://www.forbes.com/advisor/mortgages/real-estate/cost-of-living-calculator/ - NerdW...

Federal student loan repayment restarted last October and the 12-month “On Ramp to Repayment” that limited consequences of missed payments ends this month. Learn what this means for you and your federal student loans in our latest episode of “Making Cents of Money.” Show Notes: https://www.cnbc.com/2024/08/26/student-loan-payment-on-ramp-ends-september-30.html https://studentaid.gov/manage-loans/r...

Show notes: Relevant Federal Student Aid web pages and announcements: • Announcement: We’re Streamlining Your Loan and Grant Web Experience: https://studentaid.gov/announcements-events/streamlining-loan-web-experience • SAVE Plan Court Actions: Impact on Borrowers: https://studentaid.gov/announcements-events/save-court-actions • Public Service Loan Forgiveness (PSLF) Buyback: https://studentaid.go...

Planning for retirement can be complicated. Christine Cheng from the Illinois Treasurer’s Office discusses how Illinois is addressing barriers and helping small businesses provide retirement benefits to their employees in our latest episode of Making Cents of Money. Show Notes: Other relevant Making Cents of Money episodes: • Free Financial Education Resources for Illinois Residents (ep. 82): http...

Going back to college means it’s time to evaluate credit cards and financing options for students and families. We break down the different tools available (and their short- and long-term impacts) in this episode of Making Cents of Money. Show Notes: Unbiased sources of consumer education from the CFPB: - Student banking and college credit card marketing agreements: https://www.consumerfinance.gov...

After being part of the Making Cents of Money podcast since its launch in August 2020, we say goodbye to long-time host Nikki Giancola-Shanks – but welcome a new voice, Kimber Beckler! Join us as we begin this new chapter of Making Cents of Money. Previous Episodes of Making Cents of Money: Episode 79: What Happens When a Bank Fails https://soundcloud.com/idfpr/episode-79-what-happens-when-a-bank-...

From financial literacy to financial capability -and everything in between - we explain key terms related to financial well-being in our latest episode of Making Cents of Money! Show Notes: Find out your financial well-being (CFPB): https://www.consumerfinance.gov/consumer-tools/financial-well-being/ Some Research on Financial Terms: De Bruijn, E. J., & Antonides, G. (2022). Poverty and economic d...

In real estate, appraisal bias can keep homeowners from receiving the full value of their home. IDFPR Deputy Secretary Ericka Johnson breaks down what appraisal bias is, how exactly it affects consumers, and what you can do if you believe you’re a victim in our newest episode of Making Cents of Money. Show Notes: HUD: Appraisal Bias and the Valuation Process - https://www.hudexchange.info/programs...

In our latest episode of Making Cents of Money, Acting Director of Banking Susana Soriano discusses Illinois’ historic Community Reinvestment Act (CRA). From reducing discrimination to combatting redlining, learn how this landmark legislation will help Illinois consumers! Show Notes: • Please note, this podcast was recorded before rules for Illinois’ Community Reinvestment Act were adopted on May...

Did you know federal law aims to curb discriminatory lending? Ed Hill from IDFPR’s Division of Banking breaks down the Community Reinvestment Act and how it works to increase lending to underserved communities in our latest episode of the Making Cents of Money podcast! Show Notes: • Community Reinvestment Act (CRA) via Federal Reserve Board - https://www.federalreserve.gov/consumerscommunities/cra...

There’s a big transition happening for the Public Service Loan Forgiveness Program (PSLF)! In our latest episode of Making Cents of Money, we break down what’s happening and what this means for borrowers looking to have their college loans forgiven for public service.

In the newest episode of Making Cents of Money, IDFPR Secretary Mario Treto, Jr. discusses the topic of redlining and how it leads to disparities for generations. Learn what IDFPR is doing to address this serious topic and to help redlining to become a policy of the past. Resources: Investopedia: What is Redlining? Definition, Legality, and Effects: https://www.investopedia.com/terms/r/redlining.a...

Did you know that Illinois Treasurer Michael Frerichs provides FREE financial education materials and programs? Listen to Financial Programs Manager Maggie Owens talk about these great resources on the latest episode of Making Cents of Money. Show Notes Money Minded Curriculum: https://www.illinoistreasurer.gov/Financial_Education/Money_Minded_Illinois Financial Literacy Resources: https://www.ill...

There’s an important deadline at the end of this month for student loans! We break down the steps being taken by the Biden Administration for borrowers that may result in loan discharge sooner than anticipated in our latest episode of Making Cents of Money. Show Notes: U.S. Department of Education Press Release: https://www.ed.gov/news/press-releases/biden-harris-administration-announces-additiona...

Graduation, first jobs, and financial transitions, oh my! In our latest episode of Making Cents of Money, we’re joined again by the University of Illinois Urbana-Champaign’s Donovan Sanchez to break down first steps for that first full-time job after graduation! Show Notes: Previous Episodes with Donovan Sanchez • Ep. 33 – Establishing a Vision for Your Life: https://blogs.uofi.uillinois.edu/view/...