In The News: Department of Finance
The chair of the Department of Finance at ÐÔÊӽ紫ý’s Lee Business School wants to increase financial literacy across Nevada. A recent study found that Nevada has the highest rate of credit card delinquencies and one of the highest overall debt burdens of any state.
The Las Vegas Valley is better prepared now for an economic downturn than it has been in the past but is still relatively exposed because of a lack of economic diversity, according to one of ÐÔÊӽ紫ý’s top economists.
A new report ranks one Las Vegas Valley city among the nation’s communities with the most unmanageable level of credit card debt.
The best budgeting apps make it easy to track your income and spending as well as achieve your financial goals. The top budget apps allow you to sync your financial accounts, so spending and payments are automatically logged and categorized. Some also provide personalized spending insights and a debt payoff plan tailored to your needs, along with a variety of other useful features.
The ÐÔÊӽ紫ý finance department created an elective course for students pursuing careers in financial services to be SEC licensed (Series 65 or 66) upon graduation.
An alleged brazen kidnapping and cryptocurrency extortion that started in Las Vegas and ended in a remote desert area in Arizona in November has added to worry about other crypto-related violent crimes in the U.S. and around the globe in recent months.
Credit cards without SSN requirements can be a great resource if you are going to school or working in the U.S. but aren't a citizen. However, depending on your situation, you may be able to apply for an SSN, which would open up even more credit card options to you.
Loud budgeting is a personal finance trend that encourages people to be vocal about their budget and speak up when they can’t afford to spend more. It was popularized on TikTok, and it’s a way for people to avoid overspending and reduce peer pressure from friends.
At just 19 years old, ÐÔÊӽ紫ý Junior Sehaj Singh enjoys trading stocks as his fascination has now become a hobby. When the opportunity came along to participate in ÐÔÊӽ紫ý’s first-ever President’s Investment Challenge, he and several other students jumped on board to get a first-hand look at the campus-wide investment competition.
Students at the ÐÔÊӽ紫ý (ÐÔÊӽ紫ý) embarked on a new educational venture this semester, testing their financial instincts through a virtual stock market challenge.
One challenge you will face when budgeting is determining how much of your income to spend in different categories. Percentage-based budget rules, like the 50/30/20 rule or the 70/20/10 rule, are useful strategies that can guide your spending and help you organize a better budget. Below, we’ll run down some standard budgeting percentages you might want to try.
Daniel Chi, a finance professor at the ÐÔÊӽ紫ý, provided insights into the role and impact of tariffs on the economy and personal finances. He explains how tariffs are taxes imposed on imported goods and are used to protect domestic industries from foreign competition.