Finances for First Generation Families
Finances for First Generation Families
The importance of family and finances for first-generation service members is something I learned early on as a financial coach in the community. There are a large number of service members that are first-generation Americans. And often those service members are financially responsible for extended members of their family. Which can have an impact on their budget and meeting their own financial obligations.
In this episode, we talk about the financial struggles that first-gen Americans face, family expectations and culture, and the importance of financial literacy.
My guest knows a thing or two about finances and first-gen families. Giovanna “Gigi” Gonzalez is a Phoenix-based financial educator with 10 years of experience in financial services. She’s a first-generation American, first-generation college graduate, and a TikTok star by the name of TheFirstGenMentor where she reaches over 160,000 followers through her educational and entertaining videos on financial literacy and career navigation.
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The Military Money Show is supported by Navy Federal Credit Union. The holidays are coming and I can’t wait. I’ve been working hard to do all of my shopping early this year to spend more time with my family. If you’re getting ready to, Navy Federal Credit Union’s cashRewards Card can help you sleigh the season. You can earn up to 1.75% cashback on all purchases when you sign up for direct deposit. And you can redeem points as you earn them. To learn more visit NavyFederal.org.
Finances for First Generation Families Details
- What first-generation means
- The financial challenges that impact first-generation families
- Important financial literacy first-gen should learn
- Advice for families to start off financially right financially
- How to navigate your finances and family expectations
- Balancing helping family and your own financial needs
- Finances and TikTok
Related: How to Host a Family Money Meeting
Finances for First Generation Families Resources
More on investing: Effective Ways to Use the G Fund
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Disclosure
These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. That said, I’m only going to put affiliate links that are in line with our podcast discussion.
If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.
