Money Mondays: I Got a Raise, Now What?

This is some good information. I wish I could take back some of my financial decisions that I have made in my life. They haven't all been bad, but some were pretty bad. Pass this on so we can all be a little smarter in making money decisions.

I finally got a raise at work and plan on finally being smart with my money. Should I use the extra income each month to pay off student loans or put it straight into savings? ED, Rochester, NY

It's questions like these - where you can tell that the figurative light bulb that hovers above a person's head has turned on in regards to person finance - that make me really, really happy. If fact, it's one of the reasons that my company has sponsored a public school in Chicago for 17 years, the Ariel Community Academy, where a core component of the school's education program is financial literacy. We want people to be asking these questions as early as possible, and I think we’re on the right track.

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