Archive for the ‘Do Not Display’ Category

Introduction to Your Financial Identity Profile

Wednesday, May 18th, 2011

Hi!  Here’s a quick tour of the bits and pieces that make up your Financial Identity Profile.

The Financial Identity Profile makes learning something you actually want to do. Just as your Facebook profile connects your social life, your Financial Identity Profile connects your financial life – using data from your financial accounts and your SPEND.GROW.GIVE. behavior.

First off, you can toggle between the profile and the home screen by clicking the person or house icons found in the top-right corner of every page.

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The page starts with your current net worth (which you won’t find anywhere else on the site) and a brief summary of your accounts. “What I Owe” refers to your credit card balance, if you have a card linked.

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In the personal section on the left side of the screen, you can:

  • - personalize your page by uploading a picture
  • - see and change your financial learning level
  • - send a message about your financial life to your funder/ parent, your financial advisor, TILE, or the world –via Facebook and Twitter

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Want to level up? We give you loads of cool ways to get smarter about money. And when you do, you earn recognition for it.

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The Financial Identity box takes all of your SPEND.GROW.GIVE. activity and organizes it into a big picture of your financial life. Build it up by completing more Learn-Tos!

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Get the same important account alerts on both the home page and your profile.

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One of our favorite profile features is called “My Impact on the Market.”

It’s common now for people to get real time updates on their spending. But we’re taking this a big leap forward. If, for example, you spent money at Old Navy recently, we’ll show you that it’s part of a public company. And you can then learn about the stock.

We connect the dots between what you do every day and the market – taking away the cloud of secrecy. What’s more – you can now connect your charitable donations to the socially responsible funds that specialize in that cause. Interested in protecting the rainforest? Put your money where your heart is and consider how thoughtful investing might further your cause!

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What articles do you like to click on? What topics do you read most about? We track your SPEND.GROW.GIVE. content behavior to show you where your financial interests actually lie.

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If you want to share your profile with your parent (or funder) or your financial advisor, you can do so with just a click. But remember – it’s totally up to you. You control how much information is shared – or not – on SPEND.GROW.GIVE.

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That’s it. If you need help with something else, read the Help page or Ask TILE. We’re here to help.

Now get out there and start building your financial identity!

A Plan is…

Friday, August 21st, 2009

A plan is an arrangement of making regular payments toward a pension, savings account, or insurance policy. For example, if you decide to put 2% of your monthly income into your savings account on a consistent basis, that’s your personal savings plan.

An Investor is…

Friday, August 21st, 2009

Traditionally, an investor is an individual who commits money to products with the expectation of greater financial return. It is a major goal of an investor to minimize risk and maximize profit.

Qualifying Distributions are…

Monday, August 17th, 2009

Qualifying distributions are payments a private foundation makes to meet its payout requirements. Qualifying distributions can take the form of grants, loans, administrative expenses, and so on.

A W-9 is…

Monday, August 17th, 2009

A W-9 is an IRS form that companies use to collect and verify tax information from freelance and other temporary workers. It’s just a tax record and verification for the company so it can keep track of everyone who it has paid – the IRS wants to know about a person, even if he or she worked for only two days.

The Euro is…

Monday, August 17th, 2009

The Euro is the monetary unit of the Eurozone, including Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain. Basically, it is the currency used by the majority of the European countries and if you were travel to Europe, you would exchange your U.S. Dollars for Euros in order to make purchases.

A Poverty Cause is…

Monday, August 10th, 2009

A Poverty Cause is any organization that works with the TILE community to improve the lives of the billions around the world – and here in the United States – who suffer under the crushing weight of poverty. Poverty is a complicated issue, therefore, Poverty Causes address a variety of poverty-related dimensions from access to clean water, education, and providing loans to help the poor start small businesses.

A Human Rights Cause is…

Friday, August 7th, 2009

A Human Rights Cause is an organization that works to champion human rights around the world. As Martin Luther King Jr. said, “Injustice anywhere is a threat to justice everywhere.” Human Rights causes fight against issues like slavery, abuse of prisoners, refugees from violent conflicts, and human trafficking.

Form 1099 is…

Monday, August 3rd, 2009

Form 1099 is an information return form, a document used to report income that doesn’t come from wages, salaries, or tips to the IRS. There are many different versions of the form, depending on what specific type of income you have to report, for example, to report income from unemployment benefits, you use a form 1099-G.

Tax Incidence is…

Thursday, July 30th, 2009

Tax incidence is an economics concept that describes how the burden of paying a tax on a good is shared – the burden can fall on the buyer, the seller, or both. Taxes on retail goods are an example where the tax burden falls on both the buyer and the seller. Often, tax incidence can mean who ends up paying the tax. If consumers are paying the entire tax, then the tax incidence falls on them.