Five Tips on Getting Your New Place

It’s every Millennial’s dream to find their first home after college. Unfortunately, many Millennials are forced to move back in prepare-for-moving-out-of-your-parents-house-step-1with their parents when they graduate college until they can save enough money for their own place. According to a new study by the Federal Reserve, 36 percent of young adults are living at home with their parents. While this might seem like a shock to many young people, it’s a daunting reality many Millennials must face. So why are Millennials moving back home with their parents? Well, you might think it’s the cost of living or the job market. In fact, young adults are living at home because of the high ... KEEP READING

Our CTO is Better than Your CTO!

iQuantifi CTO honored at Nashville Technology Council Awards

Nashville, Tenn., January 26, 2015 --iQuantifi, the first virtual financial advisor to provide comprehensive, goal-based planning advice to millennials and young families, today announced that Jim Siegienski won “CTO of the Year” as part of the 2014 Nashville Technology Council Awards. The Awards ceremony took place January 22, 2015 at the Country Music Hall of Fame and Museum. JImski_NTCawards

Jim has led iQuantifi’s technology team for almost two years, and was formerly Senior Architect at Dave Ramsey’s Lampo Group and a Development Manager for Concur, the world leader in ... KEEP READING

Bank or Credit Union? Which is Best for You

The ongoing conversation on which is better “a bank or a credit union” often leads into a “banks versus credit union” debate. The reality is that banks and credit unions are quite similar in their product offerings and services.  The main differences are in the ownership and profit motives.bankVsUnity2 Credit unions are not-for-profit financial cooperatives governed by an unpaid volunteer Board of Directors with customers as member-owners. Banks are for-profit financial institutions governed by a paid Board of Directors who ensure profitability for their shareholders. Although banks and credit unions differ in ownership and profit motives, these shouldn’t be the only determining factor on which financial institution to choose as there are advantages and disadvantages to both. The benefits to using ... KEEP READING

Get Your Financial House In Order

The start of a new year is a great time to look at your finances, see where you stand, and do what you can to prepare for what’s next in your life. While you Money2015don’t need to do everything all at once, you can get yourself on the right track with a few simple tasks that will help you get your financial house in order:

Budget Plan

If you don’t have a budget, now is the time to create one.  It’s difficult to know what to do with your money or how to achieve your goals if you aren’t even tracking your cash flow. A simple ... KEEP READING

What Should Be On Your Year-End Financial Checklist?

ChecklistIn a few short days we’ll be wrapping up the year and heading into 2015. This time of year can be hectic, especially with the holidays and wrapping up year-end duties at work. However, there are also a number of things we should look at to make sure we’re setting ourselves up to succeed financially in the year ahead. Success starts with not allowing the craziness of the holidays to keep you from planning ahead and that planning should start with setting simple financial goals.

Assess This Year and Make Goals for the Next

Year end is a perfect opportunity to look back at what you’... KEEP READING

So, You Want To Go To Grad School?

University applications slumpEver since I was a child, I’ve wanted to earn an advanced degree. My ultimate goal was to obtain a Ph.D., like my dad. However, I’ve had to reconsider that aim, especially in terms of what makes sense for my finances. While I did go back to school to complete my M.A., I have yet to advance further, since it wouldn’t make financial sense at this time. Deciding to go to grad school, especially at a time when our nation has more than $1 trillion in outstanding student loan debt and the cost of a higher education is increasing ... KEEP READING

Gifts That Keep Giving: 5 Financial Gifts for Your Grandkids

With the holidays coming up, it’s time to start thinking about what to get for your grandkids. There are a lot of “hot” items out there, and kids get excited giftmoneythinking about what they’ll unwrap. However, the truth is that a hot toy today is old news in three months. Instead of giving your grandchild a $40 toy that eventually breaks or gets ignored, give him or her a gift for the future. Here are 5 financial gifts that keep on giving:

529 Plan Contribution

With the cost of college on the rise, you can contribute to your grandchild’s future with a 529 contribution. Your contribution can ... KEEP READING

iQuantifi Raises $1 Million in Angel Round Funding

Nashville, Tenn. – December 2, 2014 - iQuantifi, the first virtual financial advisor to provide comprehensive, goal-based planning advice to millennials and young families, announced today that it has raised $1 million in its angel round investment. “We are very excited to have raised this angel round and we see the investor interest as validation of our cloud-based, robo-planning software platform,” said Tom White, iQuantifi’s CEO and Founder. “We intend to use the capital to continue to enhance the platform while expanding our partnerships with financial institutions.” iQuantifi’s virtual financial advisor enables users to take control of their finances by providing real-time, goal-based planning advice. iQuantifi also partners with banks, credit unions and other financial institutions by offering the platform as a turnkey solution to engage their millennial clients, a generation that has been slow to show loyalty to traditional brick and mortar institutions. “Despite the gradual ... KEEP READING

The Do’s and Don’ts of Charitable Giving

Charity imageThe holiday season is quickly approaching and charities are out looking for donations.  It’s a great time for charities to promote their cause as most people tend to be more generous during the holidays.  On top of the holiday cheer, many people are trying to donate at the end of the year for a tax write-off.  Some may think donating to charity is not as popular as it once was, but in a recent survey, it found that 87% of Millennials donated money to a non-profit last year. Whatever your reason for being charitable, make sure you follow these do’s and don’ts of giving.

Don’t give ... KEEP READING

Technology Tips for Taking Control of Your Finances

Millennials love technology. Their entire generation is defined by it. Facebook, Twitter, Snapchat, and all of the social media technology was developed and technologyused by Millennials. While social media technology seems to be the choice of this generation, it apparently also moves into the financial space. In a study by Zogby Analytics, more than one-third of respondents said they have made a decision to spend or switched companies based on what the organization allowed their users to accomplish with a mobile device. 87% of the respondents say their mobile device never leaves their side, both day and night. This means the Millennial generation is completely connected. Banks and financial ... KEEP READING