Monday, July 16, 2012
Money Monday: YoBucko.com
Knowing how to manage money can be hard, but if you're a member of generation Y, people in their early to late 20s figuring out finances can be a real challenge. That's where a new website is helping. 7s Lynn Martinez is here with more.
Pia Celestino: "We have a business. We're still in school, we're trying to do as much as we can with the time that we have."
Ryan Nunes just got married and says managing real world finances can be a challenge for his generation.
Ryan Nunes: "You have to go out and figure out for the first time how do you buy a car. How do you budget. How do you pay the rent. What else comes in there that you don't know about.:
That's why Pia and Ryan are fans of a new website called YoBucko.com founded by Eric Bell. It's free financial guidance aimed at generation Y.
Eric Bell: "YoBucko is a personal finance site for people in their 20s. "We're teaching you about credit, budgeting saving, investing, basic debt management."
Ryan says it's information many 20-somethings need.
Eric Bell: "It's geared toward people who haven't learned this in school. They haven't learned, all they need to know from their parents and the reality is coming out of college there's very few financial advisors that want to spend time with a 20-something that hasn't really built any wealth yet."
Just sign up on the YoBucko site, and get access to practical and easy to understand articles and videos on topics like applying for loans, insurance and credit cards.
Pia likes how the site helps her budget for her business.
Pia Celestino: "They have some spread sheets that you can download and some forms that you can fill in and it's really simple and fast to do it."
It's all about teaching gen Y'ers to take control financially.
Eric Bell: "You can search for credit cards or bank accounts. You can also go and compare insurance policies."
Ryan is using the site because he is trying to buy his first home.
Ryan Nunes: "Having a website that says, welcome to the real world here's an easy way to help you transition. Here's a comfortable way to give you all the basics you need to know to go forward and make an informed decision is really nice."
Lynn Martinez: "If you have specific finance questions you can go on the site and ask and they will answer you."
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