Students from the Nelson Fellows program heard a seminar on budgeting, credit cards and planning for college as part of the BBA’s M. Ellen Carpenter Financial Literacy Program. This is the first time the Nelson fellows have participated in the BBA program.
Three volunteers from Brown Rudnick visited the Moakley Courthouse. Steven Pohl, Christopher Hatfield (summer associate), and Sarah Baldwin (summer associate).
The program started off with discussions about budgeting. Students were encouraged to offer opinions on the best way to cut back on spending.
Prioritizing was a key theme of the seminar. Some people may need cable, others might need to go out to dinner once or twice a week. That is fine, as long as they cut back on other areas and stay within the budget they created said Christopher Hatfield, a Brown Rudnick Summer Associate.
Christopher Hatfield, Summer Associate at Brown Rudnick, walks ways to save money on transportation. Carpooling, public transport and biking are all ways to cut back for students right out of college.
The Nelson fellows were quick to offer other constructive ways to help plan for life after college.
Students were also able to ask about saving for retirement, loans, and credit cards.
Steven Pohl (Brown Rudnick) helped answer a student's questions about a 401k.