Primerica

May

07.19

If you’re in the club of indebted adults with college degrees, rest assured you’re one of the popular people. The number of college grads with student loan debt is now around 70 percent – and the average debt someone graduates with is close to $30,000, comprised of both private and federal loans.1

But while facing the future with all that debt can be soul-crushing, (one recent survey found that more than a third of college grads with loans regret taking them out),2 there are ways to stay optimistic about the future.

Here are three ways to take action and rethink your student loan debt:

  • Apply for income-based repayment. Contact your lender and inquire about a fixed monthly payment that is based on your annual take-home salary. This can give breathing room to come up with a plan to aggressively tackle the debt over time.
  • Investigate your eligibility for student loan forgiveness. There are a number of student loan forgiveness programs available for people who work in various job sectors. These are mostly arenas where you work with the public, like education, government, non-profits, law, medicine, etc. There are also forgiveness programs available for people facing long-term disabilities or those who cannot work.
  • Consider entrepreneurism with a proven system. While it can be argued that starting a business isn’t ideal for people with student loan debt because of risks and overhead costs, finding the right opportunity with a well-established company where there is room for growth can be the solution to earning a little extra money towards paying down debt, and other financial goals. Primerica, for instance, offers part-time opportunities.*

1 StudentLoanHero.com, “A Look at the Shocking Student Loan Statistics for 2019,” February 4, 2019

2 USAToday.com, “Millennial Money: Why Young Adults Still Need Support Parents,” April 18, 2019

*Primerica Representatives are independent contractors and are not employees of Primerica. In Canada, the part-time opportunity may be subject to certain restrictions, depending on your occupation.

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Posted in Community, Opportunity, Tips, Wallet Wellness |

May

01.19

The cost of child care in the United States has risen so quickly, it’s challenging college tuition and housing costs as the biggest chunks of annual family income when it comes to raising a child in the United States.1 Although the U.S. Department of Health and Human Services estimates that childcare should account for no more than 10 percent of a family’s household income, in some parts of the United States, the actual costs range from 7 percent to a whopping 18.6 percent.1,2

Here are some tips for reducing childcare costs:

  • Determine your budget. Deciding how much you can afford before diving into the market of available child care options will help give you a clear picture of what is within your means. After some number crunching, you may determine that it is cheaper for your family if only one parent is the breadwinner and the other stays home. A 2018 statistic from The Pew Research Center found that one in five U.S. parents stay at home while the other parent works.3
  • Begin researching early. Start early – like before your child is even born, or well before your expected return to work date, thus widening your options and allowing you to find the best situation for your family and your employer.
  • See what discounts your employer offers. Many employers offer generous discounts to daycare centers near their headquarters or in communities where their employees live. Check with your Human Resources department to find out if there are any available to you.
  • Evaluate your benefits. Many health insurance plans offer a Flexible Spending Account (FSA) that can be used to pay for childcare. If your healthcare plan does, make sure to use it to your advantage.
  • Host an au pair. An au pair is typically an arrangement where a family needing a caregiver for their child(ren) hosts a young adult from a foreign country in exchange for room, board, and miscellaneous expenses. Au pairs are cost-effective alternatives to live-in nannies and can be suitable for older children. There are several reputable websites offering international au pair services on the internet.
  • Consider nanny-sharing. A nanny-share arrangement is where two families split the cost of one caregiver or “nanny,” thus decreasing the cost of services for each family involved and increasing the price paid to the particular caregiver. There are a couple of reputable sites on the Web where you could get started. Just be sure to do your research.

1 CNBC.com, “Affordable Child Care May Be as Mythical as Unicorns,” July 25, 2018

2 Ibid

3 Money.CNN.com, “Child Care: What Do You Pay?” April 2, 2019

4 PewResearch.org, “Stay-at-Home Moms and Dads Account for About One-in-Five U.S. Parents,” September 24, 2018

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Posted in Primerica, Tips, Wallet Wellness |

Apr

15.19

One hundred and twenty-four newly-promoted Regional Vice Presidents attended Primerica’s 31st Spring MIT event held Friday, April 5-Monday, April 8, 2019, at Chateau Elan in Braselton, GA.

Attendees at the life-changing business-building event enjoyed three days of networking with some of Primerica’s most prominent leaders.

See pictures here.

 



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Posted in Primerica |

Apr

15.19

The winning NHS team (shown above) presented their solution to a select audience at the Primerica Home Office.

The Primerica Foundation recently partnered with 3DE (formerly known as JA Academy – a program of Junior Achievement) for a special learning experience for 100 students from Norcross High School.

On Tuesday, March 26, Primerica hosted the students by providing a relevant business case study for them to tackle and ultimately present their “team” recommendations to a panel of Primerica judges. The winning team presented their solution to a select audience.

The Primerica Foundation provides funding for the 3DE program in Gwinnett County and is also funding the expansion of the program throughout the State of Georgia. In addition to the 3DE program, the Foundation supports Junior Achievement Finance Park at Discovery High School in Gwinnett County.

For more information about 3DE go to: https://www.3deschools.org/

 

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Posted in The Primerica Foundation |

Apr

09.19

Thousands of Primerica representatives attended the 2019 African-American Leadership Council’s National Conference in Orlando, Florida, March 22-24.

Attendees enjoyed phenomenal workshops, incredible general sessions, awesome recognition, and business-building tips shared by some of Primerica’s greatest leaders.

See more pictures here.

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Posted in Company, Opportunity, Primerica, Representatives |