“There is no practice more dangerous than that of borrowing money; for when money can be had in this way, repayment is seldom thought of in time, the interest becomes a loss, exertions to raise it be dent of industry cease,it comes easy and is spent freely, and many things [are] indulged in that would never be thought of if [they were]to be purchased by the sweat of the brow.”
Financial Wellness -Your Journey Starts Here!
We know that dealing with personal finances can be overwhelming for anyone, but especially for students just beginning to manage money on their own. Our intention is to equip you with the information and tools to help you establish some sound financial habits.
3 Simple tips to help students build financial responsibility and create healthy money habits:
1. Create a budget - It may sound simple, but by keeping a budget, you will be accountable for your spending and can avoid overspending.
2. Become a saver - Setting up an automatic savings account can help you to begin to understand the value of saving for special occasions, big purchases and especially unexpected emergencies.
3. Know your options - Understanding how loans, credit cards and debit cards work may save you a heap of trouble, debt and headache.
FINANCIAL LITERACY RESOURCES:
What do YOU want to do…
Today? Tomorrow? In a few years?
College is a time of new found freedom for many students. Students need to understand basic money management skills such as living within a budget and handling credit and debt. A solid financial foundation can lead to a lifetime of financial success. Planning ahead will turn your dollars into something you can drive, live or retire in down the track. Start setting your goals today. Remember, when you plan, YOU save!