Financial Wellbeing

... Your Lifelong Investment

Money doesn't buy happiness. But understanding, managing, and communicating about finances can improve the quality of your life and relationships. These webinars will help you take charge of your budget as well as short-term and long-range financial planning.

Presented by the MIT Center for WorkLife and WellBeing

Buying Your First Home: What You Need to Know (A Two-Part Webinar Series)

Thursday, September 23, 2021 - 12:00pm to Thursday, October 7, 2021 - 1:30pm

Presenter: Linda Jason, J.D., M.Ed.; Real Estate Lawyer and Educator

Whether you’re considering purchasing a house or a condo, buying your first home can be an intimidating process. This two-part seminar series will provide the information you need to feel confident and secure as you tackle this exciting life decision.

Part One: Beginning the Process (Thursday, September 23rd at 12:00PM-1:30PM)

Whether you are just starting to crunch numbers or are already looking at properties, this session will provide the introduction you need to dive into the homebuying process.

  • Identifying your broker, home inspector, and attorney
  • Examining and comparing properties
  • Making your offer
  • Navigating the inspection process

Part Two: Closing the Deal (Thursday, October 7th at 12:00PM-1:30PM)

Now that you understand the first steps in the homebuying process (outlined in Part One: Beginning the Process), this session will cover everything else you need to know. Topics include:

  • Negotiating the purchase and sale agreement
  • Arranging for financing
  • Estimating ownership costs
  • Proceeding into “closing” and passing papers

Investing 101: Learn the Basics

Tuesday, November 9, 2021 - 12:00pm to 1:30pm

Presenter: Steven Dimitriou, A.I.F., C.P.F.C.; Managing Partner, Mayflower Advisors

Knowledge is power! Especially when it comes to investing your hard-earned money. So, if you struggle to explain the difference between two funds in your own 401(k), join us for this enlightening and engaging seminar, which will:

  • Provide you with foundational knowledge to build your confidence and empower you to make sound investment decisions
  • Identify common investment behaviors and pitfalls, and ways to avoid them
  • Define clearly the primary investment vehicles and options, including stocks, bonds, ETFs, and mutual funds

Student Loan Repayment Strategies

Tuesday, November 30, 2021 - 12:00pm to 1:30pm

Presenter: Jeanne Mahan, M.A.; Senior Manager of College Finance, Bright Horizons College Advising

Student loan debt has an overwhelming impact on the lives of graduates and parents alike. This workshop will examine ways in which graduates and parents can manage education debt and guide borrowers’ successful transition from college to repayment. Attendees will learn:

  • How to identify repayment responsibilities for each loan
  • Methods for reducing monthly payments
  • Strategies for identifying cash flow that can be used to prepay education debt
  • Ways to avoid becoming delinquent and defaulting on education debt, even during times of personal economic hardship
  • The best resources for managing and maintaining a repayment strategy

Strategies for Budgeting and Saving

Wednesday, December 1, 2021 - 12:00pm to 1:30pm

Presenter: Jimmy Becker, M.B.A.; Founder, Financially Speaking

Are the best things in life really free? Those of us who live in the real world know that’s only half true. For most of us, well-being is in part dependent on having the savings necessary to lead a safe, comfortable, and healthy lifestyle. This seminar is focused on improving your financial decision-making skills to ensure a financially secure future. We will focus on:

  • How to make a realistic budget
  • Strategies for developing healthy financial habits
  • How to save for retirement and ways to invest your savings

Student Loan Repayment Guidance

Are student loans getting in the way of your financial future? Receive expert guidance on your unique student loan situation, and develop a strategy to manage your—or your child’s—education debt.

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MIT Staff Emergency Hardship Fund

Are you experiencing financial distress? Is your family unable to cover immediate, essential expenses due to additional costs or loss of income during the pandemic? Apply for assistance from the Hardship Fund, which provides financial support for eligible staff and postdocs.

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