“`html
April signifies financial literacy month, yet knowledgeable financial choices are essential daily.
Whether it’s budgeting, saving, or spending, individuals encounter decisions on how best to manage their finances. As reported by the TIAA Institute-GFLEC Personal Finance Index, financial literacy percentages have decreased from 52% in 2020 to 48% in 2024. This information underscores a persistent demand for financial education regarding money management and future preparedness.
Dalisha Herring, an assistant lecturer at Florida State University’s Department of Finance within the College of Business, instructs courses on personal finance, estate planning, and employee benefits. With over a decade of professional experience in trust and estate administration, retirement plan sales, and personal financial planning, Herring brings extensive knowledge to her students.
As a seasoned financial planner, Herring regards financial literacy as an essential competency.
“Financial literacy is crucial for economical well-being, which varies from person to person and family to family,” Herring stated. “A recent Bankrate survey reveals that one-third of Americans have less in their emergency fund compared to their outstanding credit card debt. Accumulated debt frequently results in anxiety and concern, which can adversely impact overall health and well-being.”
“We must enhance our efforts in educating individuals about financial literacy principles, such as emergency funds and credit utilization, as well as the methods to genuinely improve financial wellness.”
Media wishing to discuss financial planning approaches with Herring may contact her via email at [email protected].
Dalisha Herring
Assistant Lecturer, College of Business
[email protected]
In your opinion, is there a specific area in financial planning that individuals and families overlook?
“In discussions about financial planning, retirement savings often receive significant attention, yet the necessity for estate planning tends to be neglected. Every adult, including college students, should have an estate plan. Estate planning encompasses more than the disposition of your belongings posthumously; it includes directives for medical decisions during incapacitation, guidelines for end-of-life care, and the transferring of assets during one’s lifetime and upon death.”
What financial guidance do you frequently share with your students?
“My primary messages for students focus on developing a budget and savings strategy, grasping credit and its impacts on their broader financial plan, initiating retirement investments immediately after graduation, and formulating an estate plan, even a basic one. This last point often elicits perplexed reactions as they believe their youth exempts them from concern. However, the reality is that tomorrow is not guaranteed, and we should normalize discussions about our preferences.”
The post Florida State University money management expert offers advice as part of financial literacy month appeared first on Florida State University News.
“`